WOONPROJECT: what changed
WOONPROJECT
Largest movements
- Current investments -€700,000
no longer reported in 2025 (was €700,000)
- Receivables within one year -€339,886
down €339,886 (-83.5%), from €407,244 to €67,358
of which Trade receivables: -€339,760
- Stocks and contracts -€309,580
down €309,580 (-64.4%), from €480,631 to €171,051
of which Contracts in progress: -€305,630
- Cash +€200,027
up €200,027 (+127%), from €157,873 to €357,900
mainly Current investments (+€700,000) and Receivables within one year (+€339,886)
- Tangible fixed assets -€101,410
down €101,410 (-20.2%), from €502,549 to €401,139
of which Plant, machinery and equipment: -€71,057
- Advances received -€1.1m
down €1.1m (-76.6%), from €1.4m to €335,554
- Debts after one year -€82,461
down €82,461 (-28.5%), from €289,588 to €207,127
- Tax, wage and social debts +€76,136
up €76,136 (+58.2%), from €130,929 to €207,065
of which Remuneration and social security: +€79,699
- Trade debts -€66,339
down €66,339 (-79.4%), from €83,580 to €17,241
- Reserves -€49,735
down €49,735 (-19.9%), from €249,928 to €200,193
of which Distributable reserves: -€49,735
- Staff costs +€177,426
up €177,426 (+37.4%), from €474,834 to €652,259
- Write-downs -€142,361
no longer reported in 2025 (was €142,361)
- Gross operating margin +€83,804
up €83,804 (+8.8%), from €953,249 to €1.0m
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 | €2,282,340 | €1,051,965 | -€1.2m | -53.9% |
| Fixed assets | 21/28 | €535,695 | €421,843 | -€113,852 | -21.3% |
| Intangible fixed assets | 21 | €32,646 | €20,204 | -€12,442 | -38.1% |
| Tangible fixed assets | 22/27 | €502,549 | €401,139 | -€101,410 | -20.2% |
| Land and buildings | 22 | €25,437 | €14,539 | -€10,897 | -42.8% |
| Plant, machinery and equipment | 23 | €427,951 | €356,894 | -€71,057 | -16.6% |
| Furniture and vehicles | 24 | €47,561 | €28,978 | -€18,583 | -39.1% |
| Other tangible fixed assets | 26 | €1,601 | €727 | -€874 | -54.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,746,645 | €630,122 | -€1.1m | -63.9% |
| Stocks and contracts in progress | 3 | €480,631 | €171,051 | -€309,580 | -64.4% |
| Stocks | 30/36 | €74,335 | €70,384 | -€3,951 | -5.3% |
| Contracts in progress | 37 | €406,296 | €100,666 | -€305,630 | -75.2% |
| Amounts receivable within one year | 40/41 | €407,244 | €67,358 | -€339,886 | -83.5% |
| Trade receivables | 40 | €404,888 | €65,128 | -€339,760 | -83.9% |
| Other amounts receivable | 41 | €2,356 | €2,230 | -€126 | -5.3% |
| Current investments | 50/53 | €700,000 | - | -€700,000 | |
| Cash at bank and in hand | 54/58 | €157,873 | €357,900 | +€200,027 | +127% |
| Deferred charges and accrued income | 490/1 | €897 | €33,814 | +€32,917 | +3,669% |
| Total equity and liabilities | 10/49 | €2,282,340 | €1,051,965 | -€1.2m | -53.9% |
| Equity | 10/15 | €252,252 | €202,517 | -€49,735 | -19.7% |
| Contributions | 10/11 | €2,323 | €2,323 | = | 0.0% |
| Reserves | 13 | €249,928 | €200,193 | -€49,735 | -19.9% |
| Non-distributable reserves | 130/1 | €232 | €232 | = | 0.0% |
| Reserves not available under the articles | 1311 | €232 | €232 | = | 0.0% |
| Tax-exempt reserves | 132 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €249,686 | €199,951 | -€49,735 | -19.9% |
| Amounts payable | 17/49 | €2,030,088 | €849,449 | -€1.2m | -58.2% |
| Amounts payable after more than one year | 17 | €289,588 | €207,127 | -€82,461 | -28.5% |
| Financial debts | 170/4 | €289,588 | €207,127 | -€82,461 | -28.5% |
| Amounts payable within one year | 42/48 | €1,737,300 | €642,322 | -€1.1m | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €90,191 | €82,461 | -€7,730 | -8.6% |
| Trade debts | 44 | €83,580 | €17,241 | -€66,339 | -79.4% |
| Suppliers | 440/4 | €83,580 | €17,241 | -€66,339 | -79.4% |
| Advances received on contracts in progress | 46 | €1,432,600 | €335,554 | -€1.1m | -76.6% |
| Taxes, remuneration and social security | 45 | €130,929 | €207,065 | +€76,136 | +58.2% |
| Taxes | 450/3 | €85,972 | €82,409 | -€3,563 | -4.1% |
| Remuneration and social security | 454/9 | €44,958 | €124,656 | +€79,699 | +177% |
| Accrued charges and deferred income | 492/3 | €3,200 | - | -€3,200 | |
| Non-recurring operating income | 76A | €2,100 | - | -€2,100 | |
| Remuneration, social security and pensions | 62 | €474,834 | €652,259 | +€177,426 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,307 | €121,198 | -€10,108 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €142,361 | - | -€142,361 | |
| Other operating charges | 640/8 | €14,872 | €14,963 | +€92 | +0.6% |
| Gross operating margin | 9900 | €953,249 | €1,037,052 | +€83,804 | +8.8% |
| Operating profit (loss) | 9901 | €189,876 | €248,631 | +€58,755 | +30.9% |
| Financial income | 75/76B | €33,386 | €30,271 | -€3,116 | -9.3% |
| Recurring financial income | 75 | €33,386 | €30,271 | -€3,116 | -9.3% |
| Financial charges | 65/66B | €7,756 | €7,759 | +€3 | 0.0% |
| Recurring financial charges | 65 | €7,756 | €7,759 | +€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €215,507 | €271,143 | +€55,636 | +25.8% |
| Income taxes | 67/77 | €60,786 | €70,877 | +€10,091 | +16.6% |
| Profit (loss) for the period | 9904 | €154,720 | €200,265 | +€45,545 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,720 | €200,265 | +€45,545 | +29.4% |
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 2 November 2026 via checked.be.