WOODS & WATER: what changed
WOODS & WATER
Largest movements
- Cash +€56,092
up €56,092 (+143%), from €39,202 to €95,293
mainly Depreciation (+€50,075) and Net result for the year (+€40,826)
- Tangible fixed assets -€49,208
down €49,208 (-9.0%), from €544,533 to €495,325
of which Land and buildings: -€40,983
- Receivables within one year +€12,614
up €12,614 (+37.3%), from €33,809 to €46,423
of which Other amounts receivable: +€12,043
- Profit (loss) carried forward +€40,826
up €40,826 (+70.1%), from -€58,243 to -€17,416
- Debts after one year -€25,488
down €25,488 (-8.6%), from €296,412 to €270,924
- Current portion of long-term debt -€19,923
down €19,923 (-43.9%), from €45,411 to €25,488
- Accrued charges and deferred income +€14,564
up €14,564 (+48.8%), from €29,822 to €44,386
- Other debts +€12,530
up €12,530 (+4.3%), from €292,417 to €304,947
- Gross operating margin -€37,102
down €37,102 (-25.1%), from €147,868 to €110,766
- Financial charges -€2,005
down €2,005 (-17.1%), from €11,715 to €9,710
- Depreciation -€1,781
down €1,781 (-3.4%), from €51,856 to €50,075
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 | €688,106 | €708,566 | +€20,460 | +3.0% |
| Fixed assets | 21/28 | €544,533 | €495,325 | -€49,208 | -9.0% |
| Tangible fixed assets | 22/27 | €544,533 | €495,325 | -€49,208 | -9.0% |
| Land and buildings | 22 | €478,919 | €437,937 | -€40,983 | -8.6% |
| Plant, machinery and equipment | 23 | €20 | €863 | +€843 | +4,292% |
| Furniture and vehicles | 24 | €65,594 | €56,525 | -€9,069 | -13.8% |
| Current assets | 29/58 | €143,572 | €213,241 | +€69,669 | +48.5% |
| Stocks and contracts in progress | 3 | €68,278 | €69,042 | +€764 | +1.1% |
| Stocks | 30/36 | €1,682 | €1,776 | +€94 | +5.6% |
| Contracts in progress | 37 | €66,596 | €67,266 | +€670 | +1.0% |
| Amounts receivable within one year | 40/41 | €33,809 | €46,423 | +€12,614 | +37.3% |
| Trade receivables | 40 | €11,504 | €12,075 | +€571 | +5.0% |
| Other amounts receivable | 41 | €22,304 | €34,347 | +€12,043 | +54.0% |
| Cash at bank and in hand | 54/58 | €39,202 | €95,293 | +€56,092 | +143% |
| Deferred charges and accrued income | 490/1 | €2,283 | €2,483 | +€200 | +8.7% |
| Total equity and liabilities | 10/49 | €688,106 | €708,566 | +€20,460 | +3.0% |
| Equity | 10/15 | €8,747 | €49,574 | +€40,826 | +467% |
| Contributions | 10/11 | €60,900 | €60,900 | = | 0.0% |
| Reserves | 13 | €6,090 | €6,090 | = | 0.0% |
| Distributable reserves | 133 | €6,090 | €6,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,243 | -€17,416 | +€40,826 | +70.1% |
| Amounts payable | 17/49 | €679,358 | €658,993 | -€20,366 | -3.0% |
| Amounts payable after more than one year | 17 | €296,412 | €270,924 | -€25,488 | -8.6% |
| Financial debts | 170/4 | €296,412 | €270,924 | -€25,488 | -8.6% |
| Amounts payable within one year | 42/48 | €353,124 | €343,683 | -€9,442 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €45,411 | €25,488 | -€19,923 | -43.9% |
| Trade debts | 44 | €13,922 | €11,053 | -€2,869 | -20.6% |
| Suppliers | 440/4 | €13,922 | €11,053 | -€2,869 | -20.6% |
| Advances received on contracts in progress | 46 | €1,335 | €1,323 | -€12 | -0.9% |
| Taxes, remuneration and social security | 45 | €39 | €871 | +€833 | +2,155% |
| Taxes | 450/3 | €39 | €871 | +€833 | +2,155% |
| Other amounts payable | 47/48 | €292,417 | €304,947 | +€12,530 | +4.3% |
| Accrued charges and deferred income | 492/3 | €29,822 | €44,386 | +€14,564 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,856 | €50,075 | -€1,781 | -3.4% |
| Other operating charges | 640/8 | €9,664 | €10,154 | +€490 | +5.1% |
| Gross operating margin | 9900 | €147,868 | €110,766 | -€37,102 | -25.1% |
| Operating profit (loss) | 9901 | €86,347 | €50,536 | -€35,811 | -41.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €11,715 | €9,710 | -€2,005 | -17.1% |
| Recurring financial charges | 65 | €11,715 | €9,710 | -€2,005 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €74,634 | €40,826 | -€33,808 | -45.3% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €74,633 | €40,826 | -€33,807 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,633 | €40,826 | -€33,807 | -45.3% |
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 1 November 2026 via checked.be.