Rode Wouw: 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.
Rode Wouw
Largest movements
- Tangible fixed assets -€11,587
down €11,587 (-1.9%), from €602,270 to €590,684
of which Plant, machinery and equipment: -€43,594
- Debts after one year -€26,889
down €26,889 (-6.0%), from €447,904 to €421,016
- Accrued charges and deferred income +€8,850
new in 2025: €8,850
- Depreciation -€69,004
down €69,004 (-71.0%), from €97,131 to €28,128
- Gross operating margin +€23,774
up €23,774 (+79.3%), from €29,974 to €53,747
- Financial charges +€4,951
up €4,951 (+22.7%), from €21,779 to €26,731
- Other operating charges -€4,473
down €4,473 (-60.0%), from €7,449 to €2,976
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 | €629,775 | €610,286 | -€19,489 | -3.1% |
| Fixed assets | 21/28 | €603,902 | €591,560 | -€12,342 | -2.0% |
| Intangible fixed assets | 21 | €1,632 | €877 | -€755 | -46.3% |
| Tangible fixed assets | 22/27 | €602,270 | €590,684 | -€11,587 | -1.9% |
| Land and buildings | 22 | €532,558 | €563,731 | +€31,172 | +5.9% |
| Plant, machinery and equipment | 23 | €61,861 | €18,267 | -€43,594 | -70.5% |
| Furniture and vehicles | 24 | €7,851 | €8,686 | +€835 | +10.6% |
| Current assets | 29/58 | €25,873 | €18,725 | -€7,147 | -27.6% |
| Amounts receivable within one year | 40/41 | €4,043 | €411 | -€3,632 | -89.8% |
| Trade receivables | 40 | €2,940 | €411 | -€2,529 | -86.0% |
| Other amounts receivable | 41 | €1,103 | €0 | -€1,103 | -100% |
| Cash at bank and in hand | 54/58 | €20,454 | €16,751 | -€3,703 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,376 | €1,564 | +€188 | +13.7% |
| Total equity and liabilities | 10/49 | €629,775 | €610,286 | -€19,489 | -3.1% |
| Equity | 10/15 | €28,614 | €24,597 | -€4,017 | -14.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,386 | -€100,403 | -€4,017 | -4.2% |
| Amounts payable | 17/49 | €601,161 | €585,689 | -€15,472 | -2.6% |
| Amounts payable after more than one year | 17 | €447,904 | €421,016 | -€26,889 | -6.0% |
| Financial debts | 170/4 | €447,904 | €421,016 | -€26,889 | -6.0% |
| Amounts payable within one year | 42/48 | €153,257 | €155,823 | +€2,567 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €25,902 | €27,168 | +€1,266 | +4.9% |
| Trade debts | 44 | €96 | €2,170 | +€2,074 | +2,150% |
| Suppliers | 440/4 | €96 | €2,170 | +€2,074 | +2,150% |
| Taxes, remuneration and social security | 45 | €8 | €735 | +€727 | +8,681% |
| Taxes | 450/3 | €8 | €735 | +€727 | +8,681% |
| Other amounts payable | 47/48 | €127,250 | €125,750 | -€1,500 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €8,850 | +€8,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,131 | €28,128 | -€69,004 | -71.0% |
| Other operating charges | 640/8 | €7,449 | €2,976 | -€4,473 | -60.0% |
| Gross operating margin | 9900 | €29,974 | €53,747 | +€23,774 | +79.3% |
| Operating profit (loss) | 9901 | -€74,607 | €22,643 | +€97,250 | |
| Financial income | 75/76B | €0 | €71 | +€71 | +70,520% |
| Recurring financial income | 75 | €0 | €71 | +€71 | +70,520% |
| Financial charges | 65/66B | €21,779 | €26,731 | +€4,951 | +22.7% |
| Recurring financial charges | 65 | €21,779 | €26,731 | +€4,951 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€96,386 | -€4,017 | +€92,370 | +95.8% |
| Profit (loss) for the period | 9904 | -€96,386 | -€4,017 | +€92,370 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,386 | -€4,017 | +€92,370 | +95.8% |
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 15 October 2026 via checked.be.