WHOON: what changed
Two fiscal 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.
WHOON
Largest movements
- Stocks and contracts -€906,398
down €906,398 (-80.4%), from €1.1m to €220,386
- Cash -€353,665
down €353,665 (-82.1%), from €430,945 to €77,280
mainly Debts after one year (-€488,246) and Advances received (-€420,450)
- Receivables within one year +€207,332
up €207,332 (+554.0%), from €37,424 to €244,755
- Debts after one year -€488,246
down €488,246 (-100.0%), from €488,246 to €0
- Advances received -€420,450
down €420,450 (-100.0%), from €420,450 to €0
- Other debts -€290,338
down €290,338 (-67.5%), from €430,338 to €140,000
- Reserves +€66,931
up €66,931 (+50.9%), from €131,530 to €198,461
- Profit (loss) carried forward +€63,985
up €63,985, from -€63,985 to €0
- Gross operating margin +€190,462
up €190,462 (+1295.7%), from €14,699 to €205,161
- Write-downs +€28,392
new in 2025: €28,392
- Taxes +€24,106
new in 2025: €24,106
- Other operating charges -€7,699
down €7,699 (-84.9%), from €9,068 to €1,369
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.
Cash bridge derived
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 | €1,595,152 | €545,250 | -€1.0m | -65.8% |
| Fixed assets | 21/28 | - | €2,829 | +€2,829 | |
| Tangible fixed assets | 22/27 | - | €2,829 | +€2,829 | |
| Furniture and vehicles | 24 | - | €2,829 | +€2,829 | |
| Current assets | 29/58 | €1,595,152 | €542,421 | -€1.1m | -66.0% |
| Stocks and contracts in progress | 3 | €1,126,783 | €220,386 | -€906,398 | -80.4% |
| Stocks | 30/36 | €1,126,783 | €220,386 | -€906,398 | -80.4% |
| Amounts receivable within one year | 40/41 | €37,424 | €244,755 | +€207,332 | +554.0% |
| Other amounts receivable | 41 | €37,424 | €244,755 | +€207,332 | +554.0% |
| Cash at bank and in hand | 54/58 | €430,945 | €77,280 | -€353,665 | -82.1% |
| Total equity and liabilities | 10/49 | €1,595,152 | €545,250 | -€1.0m | -65.8% |
| Equity | 10/15 | €117,545 | €248,461 | +€130,915 | +111.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €131,530 | €198,461 | +€66,931 | +50.9% |
| Distributable reserves | 133 | €131,530 | €198,461 | +€66,931 | +50.9% |
| Profit (loss) carried forward | 14 | -€63,985 | €0 | +€63,985 | |
| Amounts payable | 17/49 | €1,477,607 | €296,790 | -€1.2m | -79.9% |
| Amounts payable after more than one year | 17 | €488,246 | €0 | -€488,246 | -100.0% |
| Financial debts | 170/4 | €488,246 | €0 | -€488,246 | -100.0% |
| Amounts payable within one year | 42/48 | €989,361 | €295,917 | -€693,444 | -70.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €13,573 | €21,849 | +€8,276 | +61.0% |
| Suppliers | 440/4 | €13,573 | €21,849 | +€8,276 | +61.0% |
| Advances received on contracts in progress | 46 | €420,450 | €0 | -€420,450 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €9,068 | +€9,068 | |
| Taxes | 450/3 | €0 | €9,068 | +€9,068 | |
| Other amounts payable | 47/48 | €430,338 | €140,000 | -€290,338 | -67.5% |
| Accrued charges and deferred income | 492/3 | - | €872 | +€872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €245 | +€245 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,392 | +€28,392 | |
| Other operating charges | 640/8 | €9,068 | €1,369 | -€7,699 | -84.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,699 | €205,161 | +€190,462 | +1295.7% |
| Operating profit (loss) | 9901 | €5,631 | €175,155 | +€169,524 | +3010.6% |
| Financial income | 75/76B | €1,840 | €220 | -€1,620 | -88.0% |
| Recurring financial income | 75 | €1,840 | €220 | -€1,620 | -88.0% |
| Financial charges | 65/66B | €21,336 | €20,354 | -€981 | -4.6% |
| Recurring financial charges | 65 | €21,336 | €20,354 | -€981 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,865 | €155,021 | +€168,886 | |
| Income taxes | 67/77 | - | €24,106 | +€24,106 | |
| Profit (loss) for the period | 9904 | -€13,865 | €130,915 | +€144,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,865 | €130,915 | +€144,780 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.