T. Wolie: 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.
T. Wolie
Largest movements
- Cash +€57,055
up €57,055 (+38.7%), from €147,439 to €204,494
mainly Other debts (+€93,634) and Net result for the year (+€68,461)
- Deferred charges and accrued income -€3,684
down €3,684 (-22.4%), from €16,471 to €12,787
- Other debts +€93,634
up €93,634 (+1,465%), from €6,392 to €100,026
- Reserves -€31,539
down €31,539 (-29.8%), from €105,867 to €74,328
- Tax, wage and social debts -€11,556
down €11,556 (-22.0%), from €52,556 to €41,000
- Gross operating margin +€21,323
up €21,323 (+29.0%), from €73,654 to €94,977
- Taxes -€9,749
down €9,749 (-31.4%), from €31,088 to €21,339
- Other operating charges +€1,345
up €1,345 (+170%), from €790 to €2,135
- Financial charges +€1,264
up €1,264 (+1,720%), from €74 to €1,338
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 | €168,203 | €219,869 | +€51,666 | +30.7% |
| Fixed assets | 21/28 | €4,292 | €2,588 | -€1,705 | -39.7% |
| Tangible fixed assets | 22/27 | €4,292 | €2,588 | -€1,705 | -39.7% |
| Furniture and vehicles | 24 | €4,292 | €2,588 | -€1,705 | -39.7% |
| Current assets | 29/58 | €163,910 | €217,281 | +€53,371 | +32.6% |
| Cash at bank and in hand | 54/58 | €147,439 | €204,494 | +€57,055 | +38.7% |
| Deferred charges and accrued income | 490/1 | €16,471 | €12,787 | -€3,684 | -22.4% |
| Total equity and liabilities | 10/49 | €168,203 | €219,869 | +€51,666 | +30.7% |
| Equity | 10/15 | €108,867 | €77,328 | -€31,539 | -29.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,867 | €74,328 | -€31,539 | -29.8% |
| Distributable reserves | 133 | €105,867 | €74,328 | -€31,539 | -29.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,336 | €142,540 | +€83,205 | +140% |
| Amounts payable within one year | 42/48 | €59,336 | €142,540 | +€83,205 | +140% |
| Trade debts | 44 | €387 | €1,514 | +€1,127 | +291% |
| Suppliers | 440/4 | €387 | €1,514 | +€1,127 | +291% |
| Taxes, remuneration and social security | 45 | €52,556 | €41,000 | -€11,556 | -22.0% |
| Taxes | 450/3 | €52,556 | €41,000 | -€11,556 | -22.0% |
| Other amounts payable | 47/48 | €6,392 | €100,026 | +€93,634 | +1,465% |
| Non-recurring operating income | 76A | - | €9,290 | +€9,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,705 | €1,705 | = | 0.0% |
| Other operating charges | 640/8 | €790 | €2,135 | +€1,345 | +170% |
| Gross operating margin | 9900 | €73,654 | €94,977 | +€21,323 | +29.0% |
| Operating profit (loss) | 9901 | €71,160 | €91,138 | +€19,978 | +28.1% |
| Financial charges | 65/66B | €74 | €1,338 | +€1,264 | +1,720% |
| Recurring financial charges | 65 | €74 | €1,338 | +€1,264 | +1,720% |
| Profit (loss) for the period before taxes | 9903 | €71,086 | €89,800 | +€18,714 | +26.3% |
| Income taxes | 67/77 | €31,088 | €21,339 | -€9,749 | -31.4% |
| Profit (loss) for the period | 9904 | €39,998 | €68,461 | +€28,463 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,998 | €68,461 | +€28,463 | +71.2% |
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 26 October 2026 via checked.be.