woodwork: 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.
woodwork
Largest movements
- Tangible fixed assets +€90,168
up €90,168 (+63.4%), from €142,203 to €232,371
of which Land and buildings: +€80,725
- Cash +€9,231
up €9,231 (+128%), from €7,210 to €16,441
mainly Trade debts (+€50,654) and Depreciation (+€21,244)
- Stocks and contracts -€5,944
down €5,944 (-43.8%), from €13,571 to €7,627
- Receivables within one year -€4,088
down €4,088 (-8.1%), from €50,463 to €46,375
of which Trade receivables: -€8,513
- Trade debts +€50,654
up €50,654 (+4,307%), from €1,176 to €51,830
- Debts after one year +€20,557
up €20,557 (+17.4%), from €117,818 to €138,375
- Profit (loss) carried forward +€19,354
up €19,354 (+192%), from €10,096 to €29,450
- Other debts +€13,403
up €13,403 (+386%), from €3,470 to €16,873
- Tax, wage and social debts -€6,016
down €6,016 (-62.7%), from €9,589 to €3,573
of which Taxes: -€6,330
- Gross operating margin -€7,388
down €7,388 (-11.8%), from €62,663 to €55,275
- Depreciation +€2,744
up €2,744 (+14.8%), from €18,500 to €21,244
- Financial charges -€2,490
down €2,490 (-33.9%), from €7,343 to €4,853
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 | €213,447 | €302,814 | +€89,367 | +41.9% |
| Fixed assets | 21/28 | €142,203 | €232,371 | +€90,168 | +63.4% |
| Tangible fixed assets | 22/27 | €142,203 | €232,371 | +€90,168 | +63.4% |
| Land and buildings | 22 | €133,939 | €214,664 | +€80,725 | +60.3% |
| Plant, machinery and equipment | 23 | €1,480 | €841 | -€639 | -43.2% |
| Furniture and vehicles | 24 | €6,784 | €16,866 | +€10,082 | +149% |
| Current assets | 29/58 | €71,244 | €70,443 | -€801 | -1.1% |
| Stocks and contracts in progress | 3 | €13,571 | €7,627 | -€5,944 | -43.8% |
| Stocks | 30/36 | €13,571 | €7,627 | -€5,944 | -43.8% |
| Amounts receivable within one year | 40/41 | €50,463 | €46,375 | -€4,088 | -8.1% |
| Trade receivables | 40 | €46,034 | €37,521 | -€8,513 | -18.5% |
| Other amounts receivable | 41 | €4,429 | €8,854 | +€4,425 | +99.9% |
| Cash at bank and in hand | 54/58 | €7,210 | €16,441 | +€9,231 | +128% |
| Total equity and liabilities | 10/49 | €213,447 | €302,814 | +€89,367 | +41.9% |
| Equity | 10/15 | €67,756 | €82,110 | +€14,354 | +21.2% |
| Contributions | 10/11 | €15,800 | €15,800 | = | 0.0% |
| Capital | 10 | €15,800 | €15,800 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €2,800 | €2,800 | = | 0.0% |
| Reserves | 13 | €41,860 | €36,860 | -€5,000 | -11.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Profit (loss) carried forward | 14 | €10,096 | €29,450 | +€19,354 | +192% |
| Amounts payable | 17/49 | €145,691 | €220,704 | +€75,013 | +51.5% |
| Amounts payable after more than one year | 17 | €117,818 | €138,375 | +€20,557 | +17.4% |
| Financial debts | 170/4 | €117,818 | €138,375 | +€20,557 | +17.4% |
| Amounts payable within one year | 42/48 | €27,873 | €82,329 | +€54,456 | +195% |
| Current portion of amounts payable after more than one year | 42 | €13,638 | €10,053 | -€3,585 | -26.3% |
| Trade debts | 44 | €1,176 | €51,830 | +€50,654 | +4,307% |
| Suppliers | 440/4 | €1,176 | €51,830 | +€50,654 | +4,307% |
| Taxes, remuneration and social security | 45 | €9,589 | €3,573 | -€6,016 | -62.7% |
| Taxes | 450/3 | €6,330 | - | -€6,330 | |
| Remuneration and social security | 454/9 | €3,259 | €3,573 | +€314 | +9.6% |
| Other amounts payable | 47/48 | €3,470 | €16,873 | +€13,403 | +386% |
| Remuneration, social security and pensions | 62 | €3,371 | €3,023 | -€348 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,500 | €21,244 | +€2,744 | +14.8% |
| Other operating charges | 640/8 | €2,125 | €1,931 | -€194 | -9.1% |
| Gross operating margin | 9900 | €62,663 | €55,275 | -€7,388 | -11.8% |
| Operating profit (loss) | 9901 | €38,667 | €29,077 | -€9,590 | -24.8% |
| Financial income | 75/76B | €146 | €40 | -€106 | -72.6% |
| Recurring financial income | 75 | €146 | €40 | -€106 | -72.6% |
| Financial charges | 65/66B | €7,343 | €4,853 | -€2,490 | -33.9% |
| Recurring financial charges | 65 | €7,343 | €4,853 | -€2,490 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €31,470 | €24,264 | -€7,206 | -22.9% |
| Income taxes | 67/77 | €6,475 | €6,050 | -€425 | -6.6% |
| Profit (loss) for the period | 9904 | €24,995 | €18,214 | -€6,781 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,995 | €18,214 | -€6,781 | -27.1% |
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 13 October 2026 via checked.be.