WOODWAVE: 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.
WOODWAVE
Largest movements
- Receivables within one year +€71,409
up €71,409 (+233%), from €30,667 to €102,075
of which Trade receivables: +€41,816
- Tangible fixed assets -€42,012
down €42,012 (-33.7%), from €124,752 to €82,740
- Cash +€15,562
up €15,562 (+62.4%), from €24,933 to €40,495
mainly Net result for the year (+€43,471) and Investment in fixed assets (net) (+€25,348)
- Reserves +€40,541
up €40,541 (+52.5%), from €77,241 to €117,782
of which Distributable reserves: +€47,881
- Other debts -€24,529
down €24,529 (-100%), from €24,529 to €0
- Tax, wage and social debts +€15,284
up €15,284 (+916%), from €1,669 to €16,953
- Trade debts +€14,424
up €14,424 (+36.5%), from €39,483 to €53,907
- Profit (loss) carried forward +€2,930
up €2,930, from -€2,930 to €0
- Taxes +€15,735
up €15,735 (+5,891%), from €267 to €16,002
- Gross operating margin +€10,169
up €10,169 (+9.3%), from €109,400 to €119,569
- Depreciation -€4,261
down €4,261 (-20.4%), from €20,925 to €16,665
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 | €183,711 | €229,914 | +€46,204 | +25.2% |
| Fixed assets | 21/28 | €124,808 | €82,795 | -€42,012 | -33.7% |
| Tangible fixed assets | 22/27 | €124,752 | €82,740 | -€42,012 | -33.7% |
| Furniture and vehicles | 24 | €124,752 | €82,740 | -€42,012 | -33.7% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €58,903 | €147,119 | +€88,216 | +150% |
| Amounts receivable within one year | 40/41 | €30,667 | €102,075 | +€71,409 | +233% |
| Trade receivables | 40 | €17,767 | €59,583 | +€41,816 | +235% |
| Other amounts receivable | 41 | €12,900 | €42,493 | +€29,592 | +229% |
| Cash at bank and in hand | 54/58 | €24,933 | €40,495 | +€15,562 | +62.4% |
| Deferred charges and accrued income | 490/1 | €3,303 | €4,548 | +€1,245 | +37.7% |
| Total equity and liabilities | 10/49 | €183,711 | €229,914 | +€46,204 | +25.2% |
| Equity | 10/15 | €92,903 | €136,374 | +€43,471 | +46.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,241 | €117,782 | +€40,541 | +52.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €75,382 | €68,042 | -€7,340 | -9.7% |
| Distributable reserves | 133 | €1,859 | €49,740 | +€47,881 | +2,575% |
| Profit (loss) carried forward | 14 | -€2,930 | €0 | +€2,930 | |
| Provisions and deferred taxes | 16 | €25,127 | €22,681 | -€2,447 | -9.7% |
| Deferred taxes | 168 | €25,127 | €22,681 | -€2,447 | -9.7% |
| Amounts payable | 17/49 | €65,680 | €70,860 | +€5,180 | +7.9% |
| Amounts payable within one year | 42/48 | €65,680 | €70,860 | +€5,180 | +7.9% |
| Trade debts | 44 | €39,483 | €53,907 | +€14,424 | +36.5% |
| Suppliers | 440/4 | €39,483 | €53,907 | +€14,424 | +36.5% |
| Taxes, remuneration and social security | 45 | €1,669 | €16,953 | +€15,284 | +916% |
| Taxes | 450/3 | €1,669 | €16,953 | +€15,284 | +916% |
| Other amounts payable | 47/48 | €24,529 | €0 | -€24,529 | -100% |
| Non-recurring operating income | 76A | - | €14,388 | +€14,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,925 | €16,665 | -€4,261 | -20.4% |
| Other operating charges | 640/8 | €1,567 | €1,443 | -€123 | -7.9% |
| Non-recurring operating charges | 66A | - | €44,250 | +€44,250 | |
| Gross operating margin | 9900 | €109,400 | €119,569 | +€10,169 | +9.3% |
| Operating profit (loss) | 9901 | €86,908 | €57,211 | -€29,697 | -34.2% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €96 | €185 | +€89 | +93.6% |
| Recurring financial charges | 65 | €96 | €185 | +€89 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €86,852 | €57,026 | -€29,826 | -34.3% |
| Transfer from deferred taxes | 780 | €605 | €2,447 | +€1,841 | +304% |
| Transfer to deferred taxes | 680 | €25,733 | €0 | -€25,733 | -100% |
| Income taxes | 67/77 | €267 | €16,002 | +€15,735 | +5,891% |
| Profit (loss) for the period | 9904 | €61,458 | €43,471 | -€17,987 | -29.3% |
| Transfer from tax-exempt reserves | 789 | €1,816 | €7,340 | +€5,524 | +304% |
| Transfer to tax-exempt reserves | 689 | €77,198 | €0 | -€77,198 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,924 | €50,811 | +€64,735 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.