wAwORTA: 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.
wAwORTA
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+1,605%), from €9,345 to €159,345
- Cash +€15,415
up €15,415 (+44.6%), from €34,597 to €50,012
mainly Debts after one year (+€108,390) and Current portion of long-term debt (+€21,778)
- Tangible fixed assets -€7,551
down €7,551 (-16.3%), from €46,202 to €38,652
of which Land and buildings: -€5,704
- Receivables within one year -€4,386
down €4,386 (-2.4%), from €181,022 to €176,636
of which Other amounts receivable: -€4,808
- Debts after one year +€108,390
up €108,390 (+246%), from €44,050 to €152,440
- Current portion of long-term debt +€21,778
up €21,778 (+375%), from €5,812 to €27,590
- Other debts +€13,810
up €13,810 (+14.2%), from €97,493 to €111,303
- Reserves +€6,133
up €6,133 (+6.0%), from €101,672 to €107,805
- Gross operating margin -€3,222
down €3,222 (-13.1%), from €24,682 to €21,460
- Financial charges +€1,285
up €1,285 (+13.1%), from €9,809 to €11,095
- Taxes -€1,130
down €1,130 (-28.6%), from €3,944 to €2,815
- Financial income +€362
up €362 (+5.5%), from €6,589 to €6,951
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 | €283,591 | €437,103 | +€153,512 | +54.1% |
| Fixed assets | 21/28 | €55,547 | €197,997 | +€142,449 | +256% |
| Tangible fixed assets | 22/27 | €46,202 | €38,652 | -€7,551 | -16.3% |
| Land and buildings | 22 | €40,198 | €34,494 | -€5,704 | -14.2% |
| Furniture and vehicles | 24 | €3,604 | €1,758 | -€1,846 | -51.2% |
| Other tangible fixed assets | 26 | €2,400 | €2,400 | = | 0.0% |
| Financial fixed assets | 28 | €9,345 | €159,345 | +€150,000 | +1,605% |
| Current assets | 29/58 | €228,044 | €239,106 | +€11,062 | +4.9% |
| Amounts receivable within one year | 40/41 | €181,022 | €176,636 | -€4,386 | -2.4% |
| Trade receivables | 40 | €310 | €733 | +€423 | +136% |
| Other amounts receivable | 41 | €180,711 | €175,903 | -€4,808 | -2.7% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,597 | €50,012 | +€15,415 | +44.6% |
| Deferred charges and accrued income | 490/1 | €2,425 | €2,458 | +€32 | +1.3% |
| Total equity and liabilities | 10/49 | €283,591 | €437,103 | +€153,512 | +54.1% |
| Equity | 10/15 | €120,222 | €126,355 | +€6,133 | +5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €101,672 | €107,805 | +€6,133 | +6.0% |
| Distributable reserves | 133 | €101,672 | €107,805 | +€6,133 | +6.0% |
| Amounts payable | 17/49 | €163,369 | €310,748 | +€147,379 | +90.2% |
| Amounts payable after more than one year | 17 | €44,050 | €152,440 | +€108,390 | +246% |
| Financial debts | 170/4 | €44,050 | €152,440 | +€108,390 | +246% |
| Amounts payable within one year | 42/48 | €112,468 | €153,851 | +€41,383 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €5,812 | €27,590 | +€21,778 | +375% |
| Financial debts | 43 | €1,031 | €1,012 | -€19 | -1.8% |
| Other loans | 439 | €1,031 | €1,012 | -€19 | -1.8% |
| Trade debts | 44 | €2,875 | €6,868 | +€3,993 | +139% |
| Suppliers | 440/4 | €2,875 | €6,868 | +€3,993 | +139% |
| Taxes, remuneration and social security | 45 | €5,257 | €7,078 | +€1,821 | +34.6% |
| Taxes | 450/3 | €5,257 | €7,078 | +€1,821 | +34.6% |
| Other amounts payable | 47/48 | €97,493 | €111,303 | +€13,810 | +14.2% |
| Accrued charges and deferred income | 492/3 | €6,851 | €4,457 | -€2,394 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,753 | €7,551 | -€202 | -2.6% |
| Other operating charges | 640/8 | €701 | €819 | +€118 | +16.8% |
| Gross operating margin | 9900 | €24,682 | €21,460 | -€3,222 | -13.1% |
| Operating profit (loss) | 9901 | €16,228 | €13,091 | -€3,138 | -19.3% |
| Financial income | 75/76B | €6,589 | €6,951 | +€362 | +5.5% |
| Recurring financial income | 75 | €6,589 | €6,951 | +€362 | +5.5% |
| Financial charges | 65/66B | €9,809 | €11,095 | +€1,285 | +13.1% |
| Recurring financial charges | 65 | €9,809 | €11,095 | +€1,285 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €13,008 | €8,947 | -€4,061 | -31.2% |
| Income taxes | 67/77 | €3,944 | €2,815 | -€1,130 | -28.6% |
| Profit (loss) for the period | 9904 | €9,064 | €6,133 | -€2,931 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,064 | €6,133 | -€2,931 | -32.3% |
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 29 October 2026 via checked.be.