CAR WOLU: 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.
CAR WOLU
Largest movements
- Cash -€187,604
down €187,604 (-25.1%), from €746,805 to €559,201
mainly Tax, wage and social debts (-€99,870) and Net result for the year (-€59,817)
- Tangible fixed assets -€14,757
down €14,757 (-27.0%), from €54,593 to €39,836
- Tax, wage and social debts -€99,870
down €99,870 (-97.4%), from €102,514 to €2,643
of which Taxes: -€66,466
- Profit (loss) carried forward -€59,817
down €59,817 (-58.9%), from €101,586 to €41,769
- Trade debts -€34,728
down €34,728 (-98.4%), from €35,290 to €562
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin -€300,748
down €300,748, from €261,425 to -€39,323
- Staff costs -€142,850
down €142,850 (-98.5%), from €145,024 to €2,174
- Taxes -€19,469
down €19,469 (-98.8%), from €19,710 to €241
- Depreciation +€10,322
up €10,322 (+233%), from €4,435 to €14,757
- Financial charges -€7,316
down €7,316 (-75.6%), from €9,675 to €2,359
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 | €839,633 | €633,218 | -€206,415 | -24.6% |
| Fixed assets | 21/28 | €54,610 | €39,836 | -€14,774 | -27.1% |
| Tangible fixed assets | 22/27 | €54,593 | €39,836 | -€14,757 | -27.0% |
| Furniture and vehicles | 24 | €54,593 | €39,836 | -€14,757 | -27.0% |
| Financial fixed assets | 28 | €17 | - | -€17 | |
| Current assets | 29/58 | €785,023 | €593,382 | -€191,641 | -24.4% |
| Amounts receivable within one year | 40/41 | €34,987 | €34,181 | -€806 | -2.3% |
| Trade receivables | 40 | €5,748 | €1,126 | -€4,622 | -80.4% |
| Other amounts receivable | 41 | €29,239 | €33,055 | +€3,816 | +13.1% |
| Cash at bank and in hand | 54/58 | €746,805 | €559,201 | -€187,604 | -25.1% |
| Deferred charges and accrued income | 490/1 | €3,230 | - | -€3,230 | |
| Total equity and liabilities | 10/49 | €839,633 | €633,218 | -€206,415 | -24.6% |
| Equity | 10/15 | €689,830 | €630,013 | -€59,817 | -8.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €581,944 | €581,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €580,084 | €580,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,586 | €41,769 | -€59,817 | -58.9% |
| Amounts payable | 17/49 | €149,803 | €3,205 | -€146,598 | -97.9% |
| Amounts payable within one year | 42/48 | €149,803 | €3,205 | -€146,598 | -97.9% |
| Trade debts | 44 | €35,290 | €562 | -€34,728 | -98.4% |
| Suppliers | 440/4 | €35,290 | €562 | -€34,728 | -98.4% |
| Taxes, remuneration and social security | 45 | €102,514 | €2,643 | -€99,870 | -97.4% |
| Taxes | 450/3 | €67,502 | €1,036 | -€66,466 | -98.5% |
| Remuneration and social security | 454/9 | €35,012 | €1,607 | -€33,405 | -95.4% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Non-recurring operating income | 76A | €2,438 | €0 | -€2,438 | -100% |
| Remuneration, social security and pensions | 62 | €145,024 | €2,174 | -€142,850 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,435 | €14,757 | +€10,322 | +233% |
| Other operating charges | 640/8 | €1,780 | €1,634 | -€146 | -8.2% |
| Gross operating margin | 9900 | €261,425 | -€39,323 | -€300,748 | |
| Operating profit (loss) | 9901 | €110,187 | -€57,887 | -€168,074 | |
| Financial income | 75/76B | €1,235 | €671 | -€564 | -45.7% |
| Recurring financial income | 75 | €1,235 | €671 | -€564 | -45.7% |
| Financial charges | 65/66B | €9,675 | €2,359 | -€7,316 | -75.6% |
| Recurring financial charges | 65 | €9,675 | €2,359 | -€7,316 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €101,747 | -€59,576 | -€161,323 | |
| Income taxes | 67/77 | €19,710 | €241 | -€19,469 | -98.8% |
| Profit (loss) for the period | 9904 | €82,037 | -€59,817 | -€141,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,037 | -€59,817 | -€141,853 |
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 25 October 2026 via checked.be.