WIND4WALLONIA: 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.
What changed
WIND4WALLONIA
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€709,170
2024 · €757,071-€47,901
Equity
€9.1m
2024 · €8.4m+€709,170
Cash
€2.7m
2024 · €790,006+€1.9m
Balance sheet total
€27.2m
2024 · €28.2m-€980,497
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+243%), from €790,006 to €2.7m
mainly Depreciation (+€1.9m) and Current investments (+€1.0m)
- Tangible fixed assets -€1.8m
down €1.8m (-8.0%), from €23.0m to €21.2m
- Current investments -€1.0m
down €1.0m (-37.2%), from €2.8m to €1.8m
Equity and liabilities
- Debts after one year -€1.8m
down €1.8m (-11.3%), from €16.2m to €14.4m
- Profit (loss) carried forward +€692,832
up €692,832 (+17.0%), from €4.1m to €4.8m
Income statement
- Financial charges -€371,806
down €371,806 (-31.8%), from €1.2m to €797,683
- Financial income -€227,151
down €227,151 (-51.4%), from €442,051 to €214,900
- Taxes +€227,124
up €227,124, from -€259 to €226,865
of which Taxes: +€226,865
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.
Result 2024
€757,071
Turnover
+€26,149
Other operating income
+€17,765
Services and other goods
-€9,397
Other operating charges
+€51
Financial income
-€227,151
Financial charges
+€371,806
Taxes
-€227,124
Result 2025
€709,170
raises the resultlowers the result
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.
From operations
+€2.7m
Investment
+€1.0m
Financing
-€1.8m
Cash 2024
€790,006
From operations (derived)
+€2.7m
Net result for the year
+€709,170
Depreciation
+€1.9m
Receivables within one year
-€43,075
Deferred charges and accrued income
+€5,657
Provisions
+€75,600
Trade debts
-€84,581
Tax, wage and social debts
+€97,089
Accrued charges and deferred income
-€1,469
Investment (derived)
+€1.0m
Current investments
+€1.0m
Financing
-€1.8m
Debts after one year
-€1.8m
Current portion of long-term debt
+€66,817
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,206,952 | €27,226,455 | -€980,497 | -3.5% |
| Formation expenses | 20 | €412,894 | €356,591 | -€56,304 | -13.6% |
| Fixed assets | 21/28 | €23,006,186 | €21,166,674 | -€1.8m | -8.0% |
| Tangible fixed assets | 22/27 | €23,006,186 | €21,166,674 | -€1.8m | -8.0% |
| Plant, machinery and equipment | 23 | €23,006,186 | €21,166,674 | -€1.8m | -8.0% |
| Current assets | 29/58 | €4,787,872 | €5,703,191 | +€915,319 | +19.1% |
| Amounts receivable within one year | 40/41 | €1,156,660 | €1,199,735 | +€43,075 | +3.7% |
| Trade receivables | 40 | €906,109 | €949,183 | +€43,075 | +4.8% |
| Other amounts receivable | 41 | €250,552 | €250,552 | = | 0.0% |
| Current investments | 50/53 | €2,800,000 | €1,757,140 | -€1.0m | -37.2% |
| Other investments | 51/53 | €2,800,000 | €1,757,140 | -€1.0m | -37.2% |
| Cash at bank and in hand | 54/58 | €790,006 | €2,710,767 | +€1.9m | +243% |
| Deferred charges and accrued income | 490/1 | €41,205 | €35,549 | -€5,657 | -13.7% |
| Total equity and liabilities | 10/49 | €28,206,952 | €27,226,455 | -€980,497 | -3.5% |
| Equity | 10/15 | €8,422,427 | €9,131,597 | +€709,170 | +8.4% |
| Contributions | 10/11 | €3,976,900 | €3,976,900 | = | 0.0% |
| Capital | 10 | €3,976,900 | €3,976,900 | = | 0.0% |
| Issued capital | 100 | €3,976,900 | €3,976,900 | = | 0.0% |
| Reserves | 13 | €381,352 | €397,690 | +€16,338 | +4.3% |
| Non-distributable reserves | 130/1 | €381,352 | €397,690 | +€16,338 | +4.3% |
| Legal reserve | 130 | €381,352 | €397,690 | +€16,338 | +4.3% |
| Profit (loss) carried forward | 14 | €4,064,175 | €4,757,007 | +€692,832 | +17.0% |
| Provisions and deferred taxes | 16 | €574,700 | €650,300 | +€75,600 | +13.2% |
| Provisions for liabilities and charges | 160/5 | €574,700 | €650,300 | +€75,600 | +13.2% |
| Environmental obligations | 163 | €574,700 | €650,300 | +€75,600 | +13.2% |
| Amounts payable | 17/49 | €19,209,825 | €17,444,558 | -€1.8m | -9.2% |
| Amounts payable after more than one year | 17 | €16,245,114 | €14,401,991 | -€1.8m | -11.3% |
| Financial debts | 170/4 | €16,245,114 | €14,401,991 | -€1.8m | -11.3% |
| Credit institutions | 173 | €10,823,934 | €8,708,589 | -€2.1m | -19.5% |
| Other loans | 174 | €5,421,180 | €5,693,402 | +€272,222 | +5.0% |
| Amounts payable within one year | 42/48 | €2,963,042 | €3,042,368 | +€79,326 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €2,627,337 | €2,694,155 | +€66,817 | +2.5% |
| Trade debts | 44 | €237,934 | €153,353 | -€84,581 | -35.5% |
| Suppliers | 440/4 | €237,934 | €153,353 | -€84,581 | -35.5% |
| Taxes, remuneration and social security | 45 | €97,771 | €194,860 | +€97,089 | +99.3% |
| Taxes | 450/3 | €97,771 | €194,860 | +€97,089 | +99.3% |
| Accrued charges and deferred income | 492/3 | €1,669 | €200 | -€1,469 | -88.0% |
| Operating income | 70/76A | €4,548,047 | €4,591,961 | +€43,914 | +1.0% |
| Turnover | 70 | €4,460,076 | €4,486,224 | +€26,149 | +0.6% |
| Other operating income | 74 | €87,971 | €105,736 | +€17,765 | +20.2% |
| Operating charges | 60/66A | €3,063,796 | €3,073,143 | +€9,347 | +0.3% |
| Services and other goods | 61 | €966,034 | €975,431 | +€9,397 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,895,815 | €1,895,815 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,600 | €75,600 | = | 0.0% |
| Other operating charges | 640/8 | €126,347 | €126,296 | -€51 | 0.0% |
| Operating profit (loss) | 9901 | €1,484,251 | €1,518,818 | +€34,567 | +2.3% |
| Financial income | 75/76B | €442,051 | €214,900 | -€227,151 | -51.4% |
| Recurring financial income | 75 | €442,051 | €214,900 | -€227,151 | -51.4% |
| Income from current assets | 751 | €68,505 | €59,872 | -€8,633 | -12.6% |
| Other financial income | 752/9 | €373,545 | €155,027 | -€218,518 | -58.5% |
| Financial charges | 65/66B | €1,169,490 | €797,683 | -€371,806 | -31.8% |
| Recurring financial charges | 65 | €1,169,490 | €797,683 | -€371,806 | -31.8% |
| Debt charges | 650 | €1,131,669 | €759,872 | -€371,797 | -32.9% |
| Other financial charges | 652/9 | €37,821 | €37,811 | -€9 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €756,812 | €936,035 | +€179,223 | +23.7% |
| Income taxes | 67/77 | -€259 | €226,865 | +€227,124 | |
| Taxes | 670/3 | €0 | €226,865 | +€226,865 | |
| Tax adjustments and reversals of tax provisions | 77 | €259 | - | -€259 | |
| Profit (loss) for the period | 9904 | €757,071 | €709,170 | -€47,901 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €757,071 | €709,170 | -€47,901 | -6.3% |
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 27 October 2026 via checked.be.