WOODIE: what changed
WOODIE
Largest movements
- Tangible fixed assets +€37,764
up €37,764 (+15.8%), from €239,195 to €276,959
of which Plant, machinery and equipment: +€50,961
- Receivables within one year +€27,778
up €27,778 (+46.6%), from €59,640 to €87,417
of which Other amounts receivable: +€16,852
- Cash -€7,944
down €7,944 (-19.8%), from €40,147 to €32,203
mainly Contributions, distributions and other (-€118,749) and Investment in fixed assets (net) (-€62,298)
- Other debts +€97,236
up €97,236 (+166%), from €58,487 to €155,723
- Reserves -€23,050
no longer reported in 2025 (was €23,050)
- Debts after one year -€16,884
down €16,884 (-8.5%), from €199,139 to €182,255
- Trade debts -€14,276
down €14,276 (-38.3%), from €37,258 to €22,982
- Tax, wage and social debts +€14,240
up €14,240 (+408%), from €3,494 to €17,733
- Gross operating margin +€117,022
up €117,022 (+252%), from €46,457 to €163,479
- Taxes +€38,964
up €38,964, from -€6,317 to €32,647
- Depreciation +€3,808
up €3,808 (+18.4%), from €20,725 to €24,534
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,981 | €396,579 | +€57,598 | +17.0% |
| Fixed assets | 21/28 | €239,195 | €276,959 | +€37,764 | +15.8% |
| Tangible fixed assets | 22/27 | €239,195 | €276,959 | +€37,764 | +15.8% |
| Land and buildings | 22 | €226,979 | €212,830 | -€14,149 | -6.2% |
| Plant, machinery and equipment | 23 | €9,993 | €60,954 | +€50,961 | +510% |
| Furniture and vehicles | 24 | €1,102 | €2,427 | +€1,325 | +120% |
| Other tangible fixed assets | 26 | €1,121 | €747 | -€374 | -33.3% |
| Current assets | 29/58 | €99,786 | €119,620 | +€19,834 | +19.9% |
| Amounts receivable within one year | 40/41 | €59,640 | €87,417 | +€27,778 | +46.6% |
| Trade receivables | 40 | €54,840 | €65,765 | +€10,925 | +19.9% |
| Other amounts receivable | 41 | €4,800 | €21,652 | +€16,852 | +351% |
| Cash at bank and in hand | 54/58 | €40,147 | €32,203 | -€7,944 | -19.8% |
| Total equity and liabilities | 10/49 | €338,981 | €396,579 | +€57,598 | +17.0% |
| Equity | 10/15 | €24,050 | €1,000 | -€23,050 | -95.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,050 | - | -€23,050 | |
| Distributable reserves | 133 | €23,050 | - | -€23,050 | |
| Amounts payable | 17/49 | €314,932 | €395,579 | +€80,647 | +25.6% |
| Amounts payable after more than one year | 17 | €199,139 | €182,255 | -€16,884 | -8.5% |
| Financial debts | 170/4 | €199,139 | €182,255 | -€16,884 | -8.5% |
| Amounts payable within one year | 42/48 | €115,792 | €213,324 | +€97,531 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €16,553 | €16,884 | +€331 | +2.0% |
| Trade debts | 44 | €37,258 | €22,982 | -€14,276 | -38.3% |
| Suppliers | 440/4 | €37,258 | €22,982 | -€14,276 | -38.3% |
| Taxes, remuneration and social security | 45 | €3,494 | €17,733 | +€14,240 | +408% |
| Taxes | 450/3 | €3,494 | €17,733 | +€14,240 | +408% |
| Other amounts payable | 47/48 | €58,487 | €155,723 | +€97,236 | +166% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €480 | €1,936 | +€1,456 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,725 | €24,534 | +€3,808 | +18.4% |
| Other operating charges | 640/8 | €3,950 | €4,234 | +€284 | +7.2% |
| Gross operating margin | 9900 | €46,457 | €163,479 | +€117,022 | +252% |
| Operating profit (loss) | 9901 | €21,301 | €132,775 | +€111,474 | +523% |
| Financial income | 75/76B | - | €138 | +€138 | |
| Recurring financial income | 75 | - | €138 | +€138 | |
| Financial charges | 65/66B | €4,569 | €4,567 | -€2 | 0.0% |
| Recurring financial charges | 65 | €4,569 | €4,567 | -€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €16,733 | €128,347 | +€111,614 | +667% |
| Income taxes | 67/77 | -€6,317 | €32,647 | +€38,964 | |
| Profit (loss) for the period | 9904 | €23,050 | €95,699 | +€72,650 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €23,050 | €95,699 | +€72,650 | +315% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.