WOODMAN: 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.
WOODMAN
Largest movements
- Tangible fixed assets -€7,877
down €7,877 (-37.5%), from €21,024 to €13,147
of which Furniture and vehicles: -€6,177
- Cash -€5,191
down €5,191 (-45.6%), from €11,377 to €6,185
mainly Debts after one year (-€5,079) and Receivables within one year (-€3,785)
- Receivables within one year +€3,785
up €3,785 (+22.9%), from €16,507 to €20,293
of which Other amounts receivable: +€7,186
- Deferred charges and accrued income +€961
up €961 (+194%), from €495 to €1,456
- Debts after one year -€5,079
down €5,079 (-69.5%), from €7,306 to €2,226
- Tax, wage and social debts -€3,610
down €3,610 (-45.9%), from €7,874 to €4,264
of which Taxes: -€1,935
- Staff costs +€11,379
up €11,379 (+27.2%), from €41,878 to €53,257
- Taxes -€2,718
down €2,718 (-82.2%), from €3,307 to €589
- Depreciation +€2,663
up €2,663 (+51.1%), from €5,214 to €7,877
- Gross operating margin +€2,110
up €2,110 (+3.5%), from €61,056 to €63,166
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 | €55,703 | €47,381 | -€8,322 | -14.9% |
| Fixed assets | 21/28 | €27,324 | €19,447 | -€7,877 | -28.8% |
| Tangible fixed assets | 22/27 | €21,024 | €13,147 | -€7,877 | -37.5% |
| Plant, machinery and equipment | 23 | €5,696 | €3,996 | -€1,700 | -29.8% |
| Furniture and vehicles | 24 | €15,328 | €9,150 | -€6,177 | -40.3% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €28,379 | €27,934 | -€445 | -1.6% |
| Amounts receivable within one year | 40/41 | €16,507 | €20,293 | +€3,785 | +22.9% |
| Trade receivables | 40 | €7,995 | €4,594 | -€3,401 | -42.5% |
| Other amounts receivable | 41 | €8,512 | €15,698 | +€7,186 | +84.4% |
| Cash at bank and in hand | 54/58 | €11,377 | €6,185 | -€5,191 | -45.6% |
| Deferred charges and accrued income | 490/1 | €495 | €1,456 | +€961 | +194% |
| Total equity and liabilities | 10/49 | €55,703 | €47,381 | -€8,322 | -14.9% |
| Equity | 10/15 | €35,902 | €35,666 | -€236 | -0.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,902 | €33,666 | -€236 | -0.7% |
| Amounts payable | 17/49 | €19,800 | €11,715 | -€8,086 | -40.8% |
| Amounts payable after more than one year | 17 | €7,306 | €2,226 | -€5,079 | -69.5% |
| Financial debts | 170/4 | €7,306 | €2,226 | -€5,079 | -69.5% |
| Amounts payable within one year | 42/48 | €12,495 | €9,488 | -€3,006 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €4,556 | €5,079 | +€524 | +11.5% |
| Trade debts | 44 | €65 | €145 | +€80 | +123% |
| Suppliers | 440/4 | €65 | €145 | +€80 | +123% |
| Taxes, remuneration and social security | 45 | €7,874 | €4,264 | -€3,610 | -45.9% |
| Taxes | 450/3 | €5,831 | €3,896 | -€1,935 | -33.2% |
| Remuneration and social security | 454/9 | €2,043 | €367 | -€1,676 | -82.0% |
| Remuneration, social security and pensions | 62 | €41,878 | €53,257 | +€11,379 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,214 | €7,877 | +€2,663 | +51.1% |
| Other operating charges | 640/8 | €739 | €981 | +€242 | +32.8% |
| Gross operating margin | 9900 | €61,056 | €63,166 | +€2,110 | +3.5% |
| Operating profit (loss) | 9901 | €13,225 | €1,050 | -€12,175 | -92.1% |
| Financial income | 75/76B | €230 | €38 | -€192 | -83.6% |
| Recurring financial income | 75 | €230 | €38 | -€192 | -83.6% |
| Financial charges | 65/66B | €785 | €735 | -€50 | -6.4% |
| Recurring financial charges | 65 | €785 | €735 | -€50 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €12,670 | €352 | -€12,317 | -97.2% |
| Income taxes | 67/77 | €3,307 | €589 | -€2,718 | -82.2% |
| Profit (loss) for the period | 9904 | €9,362 | -€236 | -€9,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,362 | -€236 | -€9,599 |
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 19 October 2026 via checked.be.