Woodpack: 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
Woodpack
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€416,639
2024 · -€447,800+€31,161
Equity
€1.7m
2024 · €2.1m-€416,639
Cash
€47,230
2024 · €23,469+€23,762
Balance sheet total
€4.5m
2024 · €4.8m-€307,039
Largest movements
Assets
- Stocks and contracts -€221,590
down €221,590 (-5.3%), from €4.2m to €4.0m
- Tangible fixed assets -€79,341
down €79,341 (-20.6%), from €385,031 to €305,690
of which Land and buildings: -€54,714
Equity and liabilities
- Profit (loss) carried forward -€416,639
down €416,639 (-47.3%), from -€880,727 to -€1.3m
- Trade debts +€125,711
up €125,711 (+80.4%), from €156,344 to €282,055
Income statement
- Staff costs -€22,851
down €22,851 (-10.0%), from €229,490 to €206,639
- Other operating charges -€7,696
down €7,696 (-77.3%), from €9,955 to €2,259
- Gross operating margin -€6,342
down €6,342 (-13.7%), from -€46,264 to -€52,606
- Financial charges -€4,650
down €4,650 (-12.1%), from €38,503 to €33,853
- Depreciation -€4,156
down €4,156 (-3.3%), from €125,102 to €120,945
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
-€447,800
Gross operating margin
-€6,342
Staff costs
+€22,851
Depreciation
+€4,156
Other operating charges
+€7,696
Other operating items
-€2,012
Financial income
+€361
Financial charges
+€4,650
Taxes
-€200
Result 2025
-€416,639
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€45,995
Investment
-€23,006
Financing
+€773
Cash 2024
€23,469
From operations (derived)
+€45,995
Net result for the year
-€416,639
Depreciation
+€120,945
Stocks and contracts
+€221,590
Receivables within one year
+€10,371
Smaller working-capital items
+€1,447
Trade debts
+€125,711
Tax, wage and social debts
-€16,191
Advances received
+€9,000
Other debts
-€10,239
Investment (derived)
-€23,006
Investment in fixed assets (net)
-€23,006
Financing
+€773
Debts after one year
+€15,574
Current portion of long-term debt
-€12,301
Short-term financial debts
-€2,500
Cash 2025
€47,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,762,478 | €4,455,438 | -€307,039 | -6.4% |
| Fixed assets | 21/28 | €496,600 | €398,661 | -€97,939 | -19.7% |
| Intangible fixed assets | 21 | €90,143 | €80,821 | -€9,322 | -10.3% |
| Tangible fixed assets | 22/27 | €385,031 | €305,690 | -€79,341 | -20.6% |
| Land and buildings | 22 | €273,028 | €218,314 | -€54,714 | -20.0% |
| Plant, machinery and equipment | 23 | €23,604 | €19,043 | -€4,561 | -19.3% |
| Furniture and vehicles | 24 | €65,395 | €50,733 | -€14,662 | -22.4% |
| Other tangible fixed assets | 26 | €23,005 | €17,600 | -€5,405 | -23.5% |
| Financial fixed assets | 28 | €21,426 | €12,150 | -€9,276 | -43.3% |
| Current assets | 29/58 | €4,265,878 | €4,056,777 | -€209,100 | -4.9% |
| Stocks and contracts in progress | 3 | €4,185,191 | €3,963,601 | -€221,590 | -5.3% |
| Stocks | 30/36 | €4,185,191 | €3,963,601 | -€221,590 | -5.3% |
| Amounts receivable within one year | 40/41 | €39,918 | €29,547 | -€10,371 | -26.0% |
| Trade receivables | 40 | €26,735 | €23,596 | -€3,139 | -11.7% |
| Other amounts receivable | 41 | €13,183 | €5,950 | -€7,232 | -54.9% |
| Cash at bank and in hand | 54/58 | €23,469 | €47,230 | +€23,762 | +101% |
| Deferred charges and accrued income | 490/1 | €17,300 | €16,399 | -€901 | -5.2% |
| Total equity and liabilities | 10/49 | €4,762,478 | €4,455,438 | -€307,039 | -6.4% |
| Equity | 10/15 | €2,132,419 | €1,715,780 | -€416,639 | -19.5% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €13,146 | €13,146 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,146 | €13,146 | = | 0.0% |
| Legal reserve | 130 | €13,146 | €13,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€880,727 | -€1,297,366 | -€416,639 | -47.3% |
| Amounts payable | 17/49 | €2,630,059 | €2,739,659 | +€109,600 | +4.2% |
| Amounts payable after more than one year | 17 | €369,514 | €385,088 | +€15,574 | +4.2% |
| Financial debts | 170/4 | €39,213 | €8,036 | -€31,177 | -79.5% |
| Other amounts payable | 178/9 | €330,302 | €377,052 | +€46,750 | +14.2% |
| Amounts payable within one year | 42/48 | €2,260,545 | €2,354,024 | +€93,480 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €43,478 | €31,177 | -€12,301 | -28.3% |
| Financial debts | 43 | €472,500 | €470,000 | -€2,500 | -0.5% |
| Credit institutions | 430/8 | €472,500 | €470,000 | -€2,500 | -0.5% |
| Trade debts | 44 | €156,344 | €282,055 | +€125,711 | +80.4% |
| Suppliers | 440/4 | €156,344 | €282,055 | +€125,711 | +80.4% |
| Advances received on contracts in progress | 46 | - | €9,000 | +€9,000 | |
| Taxes, remuneration and social security | 45 | €50,156 | €33,964 | -€16,191 | -32.3% |
| Taxes | 450/3 | €29,751 | €8,667 | -€21,084 | -70.9% |
| Remuneration and social security | 454/9 | €20,405 | €25,298 | +€4,893 | +24.0% |
| Other amounts payable | 47/48 | €1,538,067 | €1,527,828 | -€10,239 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €546 | +€546 | |
| Non-recurring operating income | 76A | €4,735 | €2,750 | -€1,985 | -41.9% |
| Remuneration, social security and pensions | 62 | €229,490 | €206,639 | -€22,851 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,102 | €120,945 | -€4,156 | -3.3% |
| Other operating charges | 640/8 | €9,955 | €2,259 | -€7,696 | -77.3% |
| Non-recurring operating charges | 66A | - | €2,012 | +€2,012 | |
| Gross operating margin | 9900 | -€46,264 | -€52,606 | -€6,342 | -13.7% |
| Operating profit (loss) | 9901 | -€410,811 | -€384,461 | +€26,350 | +6.4% |
| Financial income | 75/76B | €2,128 | €2,489 | +€361 | +17.0% |
| Recurring financial income | 75 | €2,128 | €2,489 | +€361 | +17.0% |
| Financial charges | 65/66B | €38,503 | €33,853 | -€4,650 | -12.1% |
| Recurring financial charges | 65 | €38,503 | €33,853 | -€4,650 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€447,186 | -€415,825 | +€31,361 | +7.0% |
| Income taxes | 67/77 | €614 | €814 | +€200 | +32.5% |
| Profit (loss) for the period | 9904 | -€447,800 | -€416,639 | +€31,161 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€447,800 | -€416,639 | +€31,161 | +7.0% |
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 26 October 2026 via checked.be.