REBOND WOLUWE: what changed
REBOND WOLUWE
Largest movements
- Tangible fixed assets -€15,169
down €15,169 (-5.1%), from €297,466 to €282,298
- Cash +€14,788
up €14,788 (+40.5%), from €36,556 to €51,343
mainly Depreciation (+€21,160) and Deferred charges and accrued income (+€4,555)
- Formation expenses -€5,991
down €5,991 (-25.9%), from €23,124 to €17,133
- Deferred charges and accrued income -€4,555
no longer reported in 2025 (was €4,555)
- Debts after one year -€9,937
down €9,937 (-5.5%), from €180,518 to €170,581
of which Financial debts: -€5,937
- Other debts -€4,500
no longer reported in 2025 (was €4,500)
- Current portion of long-term debt +€4,089
up €4,089 (+41.5%), from €9,848 to €13,937
- Gross operating margin +€2,030
up €2,030 (+8.7%), from €23,356 to €25,386
- Depreciation +€1,426
up €1,426 (+7.2%), from €19,734 to €21,160
- Financial charges -€850
down €850 (-32.1%), from €2,651 to €1,800
- Other operating charges +€284
up €284 (+11.2%), from €2,527 to €2,811
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 | €361,801 | €350,873 | -€10,927 | -3.0% |
| Formation expenses | 20 | €23,124 | €17,133 | -€5,991 | -25.9% |
| Fixed assets | 21/28 | €297,466 | €282,298 | -€15,169 | -5.1% |
| Tangible fixed assets | 22/27 | €297,466 | €282,298 | -€15,169 | -5.1% |
| Land and buildings | 22 | €297,466 | €282,298 | -€15,169 | -5.1% |
| Current assets | 29/58 | €41,210 | €51,443 | +€10,233 | +24.8% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,556 | €51,343 | +€14,788 | +40.5% |
| Deferred charges and accrued income | 490/1 | €4,555 | - | -€4,555 | |
| Total equity and liabilities | 10/49 | €361,801 | €350,873 | -€10,927 | -3.0% |
| Equity | 10/15 | €166,741 | €166,356 | -€385 | -0.2% |
| Contributions | 10/11 | €198,100 | €198,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,359 | -€76,744 | -€385 | -0.5% |
| Investment grants | 15 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable | 17/49 | €195,060 | €184,518 | -€10,542 | -5.4% |
| Amounts payable after more than one year | 17 | €180,518 | €170,581 | -€9,937 | -5.5% |
| Financial debts | 170/4 | €108,518 | €102,581 | -€5,937 | -5.5% |
| Other amounts payable | 178/9 | €72,000 | €68,000 | -€4,000 | -5.6% |
| Amounts payable within one year | 42/48 | €14,542 | €13,937 | -€605 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €9,848 | €13,937 | +€4,089 | +41.5% |
| Trade debts | 44 | €194 | - | -€194 | |
| Suppliers | 440/4 | €194 | - | -€194 | |
| Other amounts payable | 47/48 | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,734 | €21,160 | +€1,426 | +7.2% |
| Other operating charges | 640/8 | €2,527 | €2,811 | +€284 | +11.2% |
| Gross operating margin | 9900 | €23,356 | €25,386 | +€2,030 | +8.7% |
| Operating profit (loss) | 9901 | €1,095 | €1,415 | +€320 | +29.3% |
| Financial charges | 65/66B | €2,651 | €1,800 | -€850 | -32.1% |
| Recurring financial charges | 65 | €2,651 | €1,800 | -€850 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,556 | -€385 | +€1,171 | +75.2% |
| Profit (loss) for the period | 9904 | -€1,556 | -€385 | +€1,171 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,556 | -€385 | +€1,171 | +75.2% |
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 3 November 2026 via checked.be.