WOODFRAMES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
WOODFRAMES
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€144,474
2024 · €170,320-€25,845
Equity
€751,628
2024 · €607,154+€144,474
Cash
€43,180
2024 · €13,997+€29,183
Balance sheet total
€2.2m
2024 · €2.2m-€55,275
Largest movements
Assets
- Tangible fixed assets -€101,780
down €101,780 (-7.8%), from €1.3m to €1.2m
- Stocks and contracts +€32,587
up €32,587 (+6.9%), from €469,583 to €502,170
of which Contracts in progress: +€67,273
- Cash +€29,183
up €29,183 (+208.5%), from €13,997 to €43,180
mainly Depreciation (+€161,054) and Net result for the year (+€144,474)
Equity and liabilities
- Reserves +€144,474
up €144,474 (+26.0%), from €556,335 to €700,810
- Debts after one year -€89,766
down €89,766 (-13.1%), from €683,186 to €593,420
- Short-term financial debts -€75,244
down €75,244 (-25.1%), from €300,102 to €224,858
- Current portion of long-term debt -€34,414
down €34,414 (-17.5%), from €196,788 to €162,375
Income statement
- Depreciation +€28,766
up €28,766 (+21.7%), from €132,288 to €161,054
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€170,320
Gross operating margin
+€7,170
Staff costs
-€5,782
Depreciation
-€28,766
Other operating charges
+€1,404
Financial income
-€975
Financial charges
-€1,453
Taxes
+€2,556
Result 2025
€144,474
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€288,560
Investment
-€59,954
Financing
-€199,424
Cash 2024
€13,997
From operations (derived)
+€288,560
Net result for the year
+€144,474
Depreciation
+€161,054
Stocks and contracts
-€32,587
Receivables within one year
+€10,245
Deferred charges and accrued income
+€5,699
Trade debts
+€21,473
Tax, wage and social debts
-€21,652
Other debts
-€1,666
Accrued charges and deferred income
+€1,520
Investment (derived)
-€59,954
Investment in fixed assets (net)
-€59,954
Financing
-€199,424
Debts after one year
-€89,766
Current portion of long-term debt
-€34,414
Short-term financial debts
-€75,244
Cash 2025
€43,180
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,214,866 | €2,159,591 | -€55,275 | -2.5% |
| Fixed assets | 21/28 | €1,315,955 | €1,214,855 | -€101,100 | -7.7% |
| Tangible fixed assets | 22/27 | €1,312,325 | €1,210,545 | -€101,780 | -7.8% |
| Land and buildings | 22 | €1,080,937 | €1,032,670 | -€48,268 | -4.5% |
| Plant, machinery and equipment | 23 | €134,138 | €111,922 | -€22,217 | -16.6% |
| Furniture and vehicles | 24 | €97,250 | €65,954 | -€31,296 | -32.2% |
| Financial fixed assets | 28 | €3,630 | €4,310 | +€680 | +18.7% |
| Current assets | 29/58 | €898,910 | €944,736 | +€45,826 | +5.1% |
| Stocks and contracts in progress | 3 | €469,583 | €502,170 | +€32,587 | +6.9% |
| Stocks | 30/36 | €358,177 | €323,491 | -€34,686 | -9.7% |
| Contracts in progress | 37 | €111,406 | €178,679 | +€67,273 | +60.4% |
| Amounts receivable within one year | 40/41 | €382,273 | €372,027 | -€10,245 | -2.7% |
| Trade receivables | 40 | €318,817 | €304,746 | -€14,071 | -4.4% |
| Other amounts receivable | 41 | €63,456 | €67,282 | +€3,826 | +6.0% |
| Cash at bank and in hand | 54/58 | €13,997 | €43,180 | +€29,183 | +208.5% |
| Deferred charges and accrued income | 490/1 | €33,058 | €27,358 | -€5,699 | -17.2% |
| Total equity and liabilities | 10/49 | €2,214,866 | €2,159,591 | -€55,275 | -2.5% |
| Equity | 10/15 | €607,154 | €751,628 | +€144,474 | +23.8% |
| Contributions | 10/11 | €50,818 | €50,818 | = | 0.0% |
| Reserves | 13 | €556,335 | €700,810 | +€144,474 | +26.0% |
| Distributable reserves | 133 | €556,335 | €700,810 | +€144,474 | +26.0% |
| Amounts payable | 17/49 | €1,607,712 | €1,407,963 | -€199,749 | -12.4% |
| Amounts payable after more than one year | 17 | €683,186 | €593,420 | -€89,766 | -13.1% |
| Financial debts | 170/4 | €683,186 | €593,420 | -€89,766 | -13.1% |
| Amounts payable within one year | 42/48 | €916,178 | €804,675 | -€111,503 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €196,788 | €162,375 | -€34,414 | -17.5% |
| Financial debts | 43 | €300,102 | €224,858 | -€75,244 | -25.1% |
| Credit institutions | 430/8 | €300,102 | €224,858 | -€75,244 | -25.1% |
| Trade debts | 44 | €234,582 | €256,055 | +€21,473 | +9.2% |
| Suppliers | 440/4 | €234,582 | €256,055 | +€21,473 | +9.2% |
| Taxes, remuneration and social security | 45 | €183,040 | €161,388 | -€21,652 | -11.8% |
| Taxes | 450/3 | €99,757 | €128,155 | +€28,398 | +28.5% |
| Remuneration and social security | 454/9 | €83,283 | €33,233 | -€50,050 | -60.1% |
| Other amounts payable | 47/48 | €1,666 | - | -€1,666 | |
| Accrued charges and deferred income | 492/3 | €8,348 | €9,868 | +€1,520 | +18.2% |
| Non-recurring operating income | 76A | €37,852 | - | -€37,852 | |
| Remuneration, social security and pensions | 62 | €691,381 | €697,162 | +€5,782 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,288 | €161,054 | +€28,766 | +21.7% |
| Other operating charges | 640/8 | €36,677 | €35,274 | -€1,404 | -3.8% |
| Gross operating margin | 9900 | €1,177,663 | €1,184,832 | +€7,170 | +0.6% |
| Operating profit (loss) | 9901 | €317,316 | €291,342 | -€25,974 | -8.2% |
| Financial income | 75/76B | €6,196 | €5,221 | -€975 | -15.7% |
| Recurring financial income | 75 | €6,196 | €5,221 | -€975 | -15.7% |
| Financial charges | 65/66B | €73,014 | €74,466 | +€1,453 | +2.0% |
| Recurring financial charges | 65 | €73,014 | €74,466 | +€1,453 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €250,499 | €222,097 | -€28,402 | -11.3% |
| Income taxes | 67/77 | €80,179 | €77,623 | -€2,556 | -3.2% |
| Profit (loss) for the period | 9904 | €170,320 | €144,474 | -€25,845 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €170,320 | €144,474 | -€25,845 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.