WOODTIME: what changed
Two fiscal 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.
WOODTIME
Largest movements
- Receivables within one year -€20,733
down €20,733 (-54.5%), from €38,049 to €17,316
of which Trade receivables: -€30,178
- Stocks and contracts +€8,113
up €8,113 (+224.2%), from €3,618 to €11,730
- Cash +€7,358
up €7,358 (+12.4%), from €59,555 to €66,913
mainly Advances received (+€70,509) and Receivables within one year (+€20,733)
- Tangible fixed assets +€1,685
up €1,685 (+51.8%), from €3,252 to €4,937
of which Plant, machinery and equipment: +€1,217
- Advances received +€70,509
up €70,509 (+9522.4%), from €740 to €71,250
- Profit (loss) carried forward -€31,810
down €31,810 (-78.2%), from €40,679 to €8,868
- Other debts -€17,443
down €17,443 (-79.0%), from €22,079 to €4,636
- Trade debts -€10,356
down €10,356 (-41.0%), from €25,277 to €14,922
- Accrued charges and deferred income -€7,962
no longer reported in 2025 (was €7,962)
- Gross operating margin -€47,637
down €47,637 (-85.1%), from €55,997 to €8,360
- Staff costs +€24,019
up €24,019 (+176.1%), from €13,642 to €37,661
- Taxes -€7,621
down €7,621 (-97.6%), from €7,810 to €188
- Depreciation -€4,301
down €4,301 (-65.9%), from €6,524 to €2,223
- Financial income +€1,601
up €1,601 (+1154.5%), from €139 to €1,740
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.
Cash bridge derived
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 | €109,229 | €105,761 | -€3,468 | -3.2% |
| Fixed assets | 21/28 | €6,882 | €8,567 | +€1,685 | +24.5% |
| Tangible fixed assets | 22/27 | €3,252 | €4,937 | +€1,685 | +51.8% |
| Plant, machinery and equipment | 23 | €1,559 | €2,775 | +€1,217 | +78.0% |
| Furniture and vehicles | 24 | €1,694 | €2,162 | +€468 | +27.6% |
| Financial fixed assets | 28 | €3,630 | €3,630 | = | 0.0% |
| Current assets | 29/58 | €102,346 | €97,194 | -€5,152 | -5.0% |
| Stocks and contracts in progress | 3 | €3,618 | €11,730 | +€8,113 | +224.2% |
| Stocks | 30/36 | €3,618 | €11,730 | +€8,113 | +224.2% |
| Amounts receivable within one year | 40/41 | €38,049 | €17,316 | -€20,733 | -54.5% |
| Trade receivables | 40 | €36,582 | €6,405 | -€30,178 | -82.5% |
| Other amounts receivable | 41 | €1,467 | €10,911 | +€9,444 | +643.8% |
| Cash at bank and in hand | 54/58 | €59,555 | €66,913 | +€7,358 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,235 | +€111 | +9.8% |
| Total equity and liabilities | 10/49 | €109,229 | €105,761 | -€3,468 | -3.2% |
| Equity | 10/15 | €42,679 | €10,868 | -€31,810 | -74.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,679 | €8,868 | -€31,810 | -78.2% |
| Amounts payable | 17/49 | €66,550 | €94,893 | +€28,343 | +42.6% |
| Amounts payable within one year | 42/48 | €58,588 | €94,893 | +€36,305 | +62.0% |
| Current portion of amounts payable after more than one year | 42 | €1,693 | €1,685 | -€8 | -0.5% |
| Trade debts | 44 | €25,277 | €14,922 | -€10,356 | -41.0% |
| Suppliers | 440/4 | €25,277 | €14,922 | -€10,356 | -41.0% |
| Advances received on contracts in progress | 46 | €740 | €71,250 | +€70,509 | +9522.4% |
| Taxes, remuneration and social security | 45 | €8,798 | €2,400 | -€6,398 | -72.7% |
| Taxes | 450/3 | €5,810 | - | -€5,810 | |
| Remuneration and social security | 454/9 | €2,988 | €2,400 | -€588 | -19.7% |
| Other amounts payable | 47/48 | €22,079 | €4,636 | -€17,443 | -79.0% |
| Accrued charges and deferred income | 492/3 | €7,962 | - | -€7,962 | |
| Remuneration, social security and pensions | 62 | €13,642 | €37,661 | +€24,019 | +176.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,524 | €2,223 | -€4,301 | -65.9% |
| Other operating charges | 640/8 | €1,354 | €1,181 | -€173 | -12.8% |
| Gross operating margin | 9900 | €55,997 | €8,360 | -€47,637 | -85.1% |
| Operating profit (loss) | 9901 | €34,476 | -€32,705 | -€67,182 | |
| Financial income | 75/76B | €139 | €1,740 | +€1,601 | +1154.5% |
| Recurring financial income | 75 | €139 | €1,740 | +€1,601 | +1154.5% |
| Financial charges | 65/66B | €890 | €657 | -€234 | -26.2% |
| Recurring financial charges | 65 | €890 | €657 | -€234 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €33,725 | -€31,622 | -€65,347 | |
| Income taxes | 67/77 | €7,810 | €188 | -€7,621 | -97.6% |
| Profit (loss) for the period | 9904 | €25,915 | -€31,810 | -€57,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,915 | -€31,810 | -€57,726 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.