WOODLINE: 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.
WOODLINE
Largest movements
- Cash -€216,236
down €216,236 (-75.3%), from €287,193 to €70,957
mainly Current portion of long-term debt (-€277,541) and Receivables within one year (-€209,147)
- Receivables within one year +€209,147
up €209,147 (+179%), from €117,089 to €326,235
of which Other amounts receivable: +€189,430
- Tangible fixed assets -€149,877
down €149,877 (-29.0%), from €516,119 to €366,243
of which Land and buildings: -€150,887
- Current portion of long-term debt -€277,541
no longer reported in 2025 (was €277,541)
- Other debts +€193,504
up €193,504 (+38.6%), from €501,900 to €695,404
- Debts after one year -€32,025
no longer reported in 2025 (was €32,025)
- Trade debts -€19,643
down €19,643 (-73.5%), from €26,724 to €7,081
- Advances received -€18,150
no longer reported in 2025 (was €18,150)
- Gross operating margin -€31,373
down €31,373 (-46.0%), from €68,166 to €36,793
- Depreciation +€16,074
up €16,074 (+132%), from €12,178 to €28,253
- Financial charges +€11,892
up €11,892 (+617%), from €1,927 to €13,820
- Financial income +€9,237
new in 2025: €9,237
- Taxes -€6,943
down €6,943 (-75.8%), from €9,161 to €2,219
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,901 | €769,629 | -€153,271 | -16.6% |
| Fixed assets | 21/28 | €518,619 | €368,743 | -€149,877 | -28.9% |
| Tangible fixed assets | 22/27 | €516,119 | €366,243 | -€149,877 | -29.0% |
| Land and buildings | 22 | €490,927 | €340,040 | -€150,887 | -30.7% |
| Plant, machinery and equipment | 23 | €20,776 | €13,703 | -€7,072 | -34.0% |
| Furniture and vehicles | 24 | - | €8,683 | +€8,683 | |
| Other tangible fixed assets | 26 | €4,417 | €3,816 | -€601 | -13.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €404,281 | €400,886 | -€3,395 | -0.8% |
| Amounts receivable within one year | 40/41 | €117,089 | €326,235 | +€209,147 | +179% |
| Trade receivables | 40 | - | €19,717 | +€19,717 | |
| Other amounts receivable | 41 | €117,089 | €306,519 | +€189,430 | +162% |
| Cash at bank and in hand | 54/58 | €287,193 | €70,957 | -€216,236 | -75.3% |
| Deferred charges and accrued income | 490/1 | - | €3,694 | +€3,694 | |
| Total equity and liabilities | 10/49 | €922,901 | €769,629 | -€153,271 | -16.6% |
| Equity | 10/15 | €55,672 | €47,493 | -€8,178 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,072 | €37,072 | = | 0.0% |
| Distributable reserves | 133 | €37,072 | €37,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,178 | -€8,178 | |
| Amounts payable | 17/49 | €867,229 | €722,136 | -€145,093 | -16.7% |
| Amounts payable after more than one year | 17 | €32,025 | - | -€32,025 | |
| Financial debts | 170/4 | €32,025 | - | -€32,025 | |
| Amounts payable within one year | 42/48 | €835,204 | €722,136 | -€113,068 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €277,541 | - | -€277,541 | |
| Trade debts | 44 | €26,724 | €7,081 | -€19,643 | -73.5% |
| Suppliers | 440/4 | €26,724 | €7,081 | -€19,643 | -73.5% |
| Advances received on contracts in progress | 46 | €18,150 | - | -€18,150 | |
| Taxes, remuneration and social security | 45 | €10,889 | €19,651 | +€8,763 | +80.5% |
| Taxes | 450/3 | €10,889 | €19,651 | +€8,763 | +80.5% |
| Other amounts payable | 47/48 | €501,900 | €695,404 | +€193,504 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,178 | €28,253 | +€16,074 | +132% |
| Other operating charges | 640/8 | €3,206 | €9,917 | +€6,711 | +209% |
| Gross operating margin | 9900 | €68,166 | €36,793 | -€31,373 | -46.0% |
| Operating profit (loss) | 9901 | €52,782 | -€1,376 | -€54,158 | |
| Financial income | 75/76B | - | €9,237 | +€9,237 | |
| Recurring financial income | 75 | - | €9,237 | +€9,237 | |
| Financial charges | 65/66B | €1,927 | €13,820 | +€11,892 | +617% |
| Recurring financial charges | 65 | €1,927 | €13,820 | +€11,892 | +617% |
| Profit (loss) for the period before taxes | 9903 | €50,855 | -€5,959 | -€56,814 | |
| Income taxes | 67/77 | €9,161 | €2,219 | -€6,943 | -75.8% |
| Profit (loss) for the period | 9904 | €41,693 | -€8,178 | -€49,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,693 | -€8,178 | -€49,871 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.