Woodline Project: what changed
Woodline Project
Largest movements
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Cash -€18,311
down €18,311 (-24.1%), from €76,058 to €57,747
mainly Current investments (-€25,000) and Trade debts (-€14,386)
- Tangible fixed assets +€6,220
up €6,220 (+80.6%), from €7,720 to €13,940
of which Plant, machinery and equipment: +€6,005
- Reserves +€25,047
up €25,047 (+13.6%), from €183,860 to €208,907
of which Distributable reserves: +€25,047
- Trade debts -€14,386
down €14,386 (-89.8%), from €16,025 to €1,639
- Other debts +€7,900
up €7,900 (+447%), from €1,766 to €9,666
- Tax, wage and social debts -€5,165
down €5,165 (-97.8%), from €5,283 to €118
- Gross operating margin +€32,837
up €32,837 (+206%), from €15,956 to €48,793
- Taxes +€6,260
up €6,260 (+176%), from €3,561 to €9,821
- Financial income -€1,507
down €1,507 (-49.7%), from €3,030 to €1,523
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 | €225,534 | €238,929 | +€13,396 | +5.9% |
| Fixed assets | 21/28 | €7,720 | €13,940 | +€6,220 | +80.6% |
| Tangible fixed assets | 22/27 | €7,720 | €13,940 | +€6,220 | +80.6% |
| Land and buildings | 22 | €3,812 | €3,145 | -€667 | -17.5% |
| Plant, machinery and equipment | 23 | €3,841 | €9,847 | +€6,005 | +156% |
| Furniture and vehicles | 24 | €66 | €948 | +€882 | +1,328% |
| Current assets | 29/58 | €217,814 | €224,990 | +€7,176 | +3.3% |
| Stocks and contracts in progress | 3 | €24,392 | €24,943 | +€550 | +2.3% |
| Stocks | 30/36 | €24,392 | €24,943 | +€550 | +2.3% |
| Amounts receivable within one year | 40/41 | €16,043 | €17,300 | +€1,257 | +7.8% |
| Trade receivables | 40 | €13,119 | €10,180 | -€2,938 | -22.4% |
| Other amounts receivable | 41 | €2,924 | €7,120 | +€4,196 | +143% |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €76,058 | €57,747 | -€18,311 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,321 | €0 | -€1,321 | -100% |
| Total equity and liabilities | 10/49 | €225,534 | €238,929 | +€13,396 | +5.9% |
| Equity | 10/15 | €202,460 | €227,507 | +€25,047 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,860 | €208,907 | +€25,047 | +13.6% |
| Tax-exempt reserves | 132 | €429 | €429 | = | 0.0% |
| Distributable reserves | 133 | €183,430 | €208,477 | +€25,047 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,074 | €11,423 | -€11,651 | -50.5% |
| Amounts payable within one year | 42/48 | €23,074 | €11,423 | -€11,651 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €16,025 | €1,639 | -€14,386 | -89.8% |
| Suppliers | 440/4 | €16,025 | €1,639 | -€14,386 | -89.8% |
| Taxes, remuneration and social security | 45 | €5,283 | €118 | -€5,165 | -97.8% |
| Taxes | 450/3 | €5,283 | €118 | -€5,165 | -97.8% |
| Other amounts payable | 47/48 | €1,766 | €9,666 | +€7,900 | +447% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €3,883 | +€70 | +1.8% |
| Other operating charges | 640/8 | €1,390 | €1,147 | -€243 | -17.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,956 | €48,793 | +€32,837 | +206% |
| Operating profit (loss) | 9901 | €10,753 | €43,763 | +€33,010 | +307% |
| Financial income | 75/76B | €3,030 | €1,523 | -€1,507 | -49.7% |
| Recurring financial income | 75 | €3,030 | €1,523 | -€1,507 | -49.7% |
| Financial charges | 65/66B | €1,021 | €752 | -€270 | -26.4% |
| Recurring financial charges | 65 | €1,021 | €752 | -€270 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €12,762 | €44,534 | +€31,773 | +249% |
| Income taxes | 67/77 | €3,561 | €9,821 | +€6,260 | +176% |
| Profit (loss) for the period | 9904 | €9,200 | €34,713 | +€25,513 | +277% |
| Profit (loss) for the period to be appropriated | 9905 | €9,200 | €34,713 | +€25,513 | +277% |
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 7 November 2026 via checked.be.