WOUDEZEL PROJECT: 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.
What changed
WOUDEZEL PROJECT
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,525
2024 · €7,150+€3,375
Equity
€1.1m
2024 · €1.1m+€9,692
Cash
€64,310
2024 · €73,105-€8,795
Balance sheet total
€1.1m
2024 · €1.1m+€560
Largest movements
Assets
- Tangible fixed assets +€15,391
up €15,391 (+1.9%), from €801,343 to €816,734
of which Land and buildings: +€25,616
Equity and liabilities
- Trade debts -€11,705
down €11,705 (-75.0%), from €15,615 to €3,910
Income statement
- Gross operating margin +€6,562
up €6,562 (+45.8%), from €14,314 to €20,876
- Financial income -€1,894
down €1,894 (-25.0%), from €7,579 to €5,685
- Other operating charges +€838
up €838 (+130%), from €646 to €1,484
- Taxes +€338
up €338 (+28.4%), from €1,187 to €1,524
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.
Result 2024
€7,150
Gross operating margin
+€6,562
Staff costs
+€71
Depreciation
-€196
Other operating charges
-€838
Financial income
-€1,894
Financial charges
+€8
Taxes
-€338
Result 2025
€10,525
raises the resultlowers the result
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.
From operations
+€17,654
Investment
-€25,616
Financing
-€833
Cash 2024
€73,105
From operations (derived)
+€17,654
Net result for the year
+€10,525
Depreciation
+€12,426
Stocks and contracts
+€2,064
Receivables within one year
+€1,050
Deferred charges and accrued income
+€721
Trade debts
-€11,705
Tax, wage and social debts
+€238
Other debts
+€2,582
Accrued charges and deferred income
-€247
Investment (derived)
-€25,616
Investment in fixed assets (net)
-€25,616
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€64,310
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,071 | €1,131,631 | +€560 | 0.0% |
| Formation expenses | 20 | €3,494 | €1,759 | -€1,735 | -49.7% |
| Fixed assets | 21/28 | €803,336 | €818,261 | +€14,925 | +1.9% |
| Intangible fixed assets | 21 | €1,978 | €1,511 | -€466 | -23.6% |
| Tangible fixed assets | 22/27 | €801,343 | €816,734 | +€15,391 | +1.9% |
| Land and buildings | 22 | €757,517 | €783,134 | +€25,616 | +3.4% |
| Plant, machinery and equipment | 23 | €11,269 | €6,883 | -€4,386 | -38.9% |
| Furniture and vehicles | 24 | €32,556 | €26,717 | -€5,839 | -17.9% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €324,241 | €311,611 | -€12,630 | -3.9% |
| Stocks and contracts in progress | 3 | €40,041 | €37,977 | -€2,064 | -5.2% |
| Stocks | 30/36 | €40,041 | €37,977 | -€2,064 | -5.2% |
| Amounts receivable within one year | 40/41 | €8,001 | €6,951 | -€1,050 | -13.1% |
| Trade receivables | 40 | €3,873 | €4,859 | +€986 | +25.5% |
| Other amounts receivable | 41 | €4,129 | €2,092 | -€2,036 | -49.3% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,105 | €64,310 | -€8,795 | -12.0% |
| Deferred charges and accrued income | 490/1 | €3,094 | €2,373 | -€721 | -23.3% |
| Total equity and liabilities | 10/49 | €1,131,071 | €1,131,631 | +€560 | 0.0% |
| Equity | 10/15 | €1,069,530 | €1,079,223 | +€9,692 | +0.9% |
| Contributions | 10/11 | €681,599 | €681,599 | = | 0.0% |
| Reserves | 13 | €387,932 | €397,624 | +€9,692 | +2.5% |
| Tax-exempt reserves | 132 | €88,796 | €84,080 | -€4,716 | -5.3% |
| Distributable reserves | 133 | €299,135 | €313,544 | +€14,408 | +4.8% |
| Amounts payable | 17/49 | €61,540 | €52,408 | -€9,132 | -14.8% |
| Amounts payable within one year | 42/48 | €59,725 | €50,841 | -€8,885 | -14.9% |
| Trade debts | 44 | €15,615 | €3,910 | -€11,705 | -75.0% |
| Suppliers | 440/4 | €15,615 | €3,910 | -€11,705 | -75.0% |
| Taxes, remuneration and social security | 45 | €1,569 | €1,806 | +€238 | +15.2% |
| Taxes | 450/3 | €103 | €228 | +€125 | +122% |
| Remuneration and social security | 454/9 | €1,466 | €1,578 | +€112 | +7.7% |
| Other amounts payable | 47/48 | €42,542 | €45,124 | +€2,582 | +6.1% |
| Accrued charges and deferred income | 492/3 | €1,815 | €1,568 | -€247 | -13.6% |
| Remuneration, social security and pensions | 62 | €182 | €111 | -€71 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,230 | €12,426 | +€196 | +1.6% |
| Other operating charges | 640/8 | €646 | €1,484 | +€838 | +130% |
| Gross operating margin | 9900 | €14,314 | €20,876 | +€6,562 | +45.8% |
| Operating profit (loss) | 9901 | €1,256 | €6,854 | +€5,598 | +446% |
| Financial income | 75/76B | €7,579 | €5,685 | -€1,894 | -25.0% |
| Recurring financial income | 75 | €7,579 | €5,685 | -€1,894 | -25.0% |
| Financial charges | 65/66B | €498 | €490 | -€8 | -1.7% |
| Recurring financial charges | 65 | €498 | €490 | -€8 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €8,336 | €12,049 | +€3,713 | +44.5% |
| Income taxes | 67/77 | €1,187 | €1,524 | +€338 | +28.4% |
| Profit (loss) for the period | 9904 | €7,150 | €10,525 | +€3,375 | +47.2% |
| Transfer from tax-exempt reserves | 789 | €4,716 | €4,716 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,866 | €15,241 | +€3,375 | +28.4% |
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 30 October 2026 via checked.be.