WIND4WALLONIA 3: 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 3
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€582,979
2024 · €934,685-€351,706
Equity
€2.9m
2024 · €2.3m+€582,979
Cash
€448,823
2024 · €2.5m-€2.1m
Balance sheet total
€18.3m
2024 · €17.1m+€1.2m
Largest movements
Assets
- Current investments +€4.0m
new in 2025: €4.0m
- Cash -€2.1m
down €2.1m (-82.4%), from €2.5m to €448,823
mainly Current investments (-€4.0m) and Tax, wage and social debts (-€63,580)
- Tangible fixed assets -€710,961
down €710,961 (-5.4%), from €13.3m to €12.5m
Equity and liabilities
- Debts after one year +€717,810
up €717,810 (+5.1%), from €14.2m to €14.9m
- Profit (loss) carried forward +€582,979
up €582,979 (+36.0%), from €1.6m to €2.2m
Income statement
- Turnover -€346,699
down €346,699 (-11.8%), from €2.9m to €2.6m
- Financial charges -€164,847
down €164,847 (-18.7%), from €883,791 to €718,944
- Other operating charges +€67,794
up €67,794 (+118%), from €57,377 to €125,172
- Other operating income -€64,016
down €64,016 (-27.5%), from €232,513 to €168,498
- Taxes +€51,009
up €51,009, from €0 to €51,009
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
€934,685
Turnover
-€346,699
Other operating income
-€64,016
Services and other goods
-€5,808
Depreciation
-€2,560
Other operating charges
-€67,794
Financial income
+€21,331
Financial charges
+€164,847
Taxes
-€51,009
Result 2025
€582,979
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
+€1.2m
Investment
-€4.0m
Financing
+€717,810
Cash 2024
€2.5m
From operations (derived)
+€1.2m
Net result for the year
+€582,979
Depreciation
+€733,731
Receivables within one year
-€13,442
Deferred charges and accrued income
-€27,189
Provisions
+€25,200
Trade debts
-€20,377
Tax, wage and social debts
-€63,580
Accrued charges and deferred income
-€9,503
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€22,771
Current investments
-€4.0m
Financing
+€717,810
Debts after one year
+€717,810
Cash 2025
€448,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,063,883 | €18,296,412 | +€1.2m | +7.2% |
| Fixed assets | 21/28 | €13,252,483 | €12,541,522 | -€710,961 | -5.4% |
| Tangible fixed assets | 22/27 | €13,252,483 | €12,541,522 | -€710,961 | -5.4% |
| Plant, machinery and equipment | 23 | €13,252,483 | €12,541,522 | -€710,961 | -5.4% |
| Current assets | 29/58 | €3,811,400 | €5,754,890 | +€1.9m | +51.0% |
| Amounts receivable within one year | 40/41 | €1,252,893 | €1,266,336 | +€13,442 | +1.1% |
| Trade receivables | 40 | €1,195,145 | €1,099,567 | -€95,578 | -8.0% |
| Other amounts receivable | 41 | €57,748 | €166,769 | +€109,020 | +189% |
| Current investments | 50/53 | - | €4,000,000 | +€4.0m | |
| Other investments | 51/53 | - | €4,000,000 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €2,545,964 | €448,823 | -€2.1m | -82.4% |
| Deferred charges and accrued income | 490/1 | €12,542 | €39,731 | +€27,189 | +217% |
| Total equity and liabilities | 10/49 | €17,063,883 | €18,296,412 | +€1.2m | +7.2% |
| Equity | 10/15 | €2,281,043 | €2,864,022 | +€582,979 | +25.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,621,043 | €2,204,022 | +€582,979 | +36.0% |
| Provisions and deferred taxes | 16 | €51,100 | €76,300 | +€25,200 | +49.3% |
| Provisions for liabilities and charges | 160/5 | €51,100 | €76,300 | +€25,200 | +49.3% |
| Environmental obligations | 163 | €51,100 | €76,300 | +€25,200 | +49.3% |
| Amounts payable | 17/49 | €14,731,740 | €15,356,090 | +€624,350 | +4.2% |
| Amounts payable after more than one year | 17 | €14,209,830 | €14,927,640 | +€717,810 | +5.1% |
| Financial debts | 170/4 | €14,209,830 | €14,927,640 | +€717,810 | +5.1% |
| Other loans | 174 | €14,209,830 | €14,927,640 | +€717,810 | +5.1% |
| Amounts payable within one year | 42/48 | €283,839 | €199,882 | -€83,957 | -29.6% |
| Trade debts | 44 | €185,860 | €165,483 | -€20,377 | -11.0% |
| Suppliers | 440/4 | €185,860 | €165,483 | -€20,377 | -11.0% |
| Taxes, remuneration and social security | 45 | €97,979 | €34,399 | -€63,580 | -64.9% |
| Taxes | 450/3 | €97,979 | €34,399 | -€63,580 | -64.9% |
| Accrued charges and deferred income | 492/3 | €238,071 | €228,568 | -€9,503 | -4.0% |
| Operating income | 70/76A | €3,158,503 | €2,747,788 | -€410,714 | -13.0% |
| Turnover | 70 | €2,925,990 | €2,579,291 | -€346,699 | -11.8% |
| Other operating income | 74 | €232,513 | €168,498 | -€64,016 | -27.5% |
| Operating charges | 60/66A | €1,371,449 | €1,447,611 | +€76,161 | +5.6% |
| Services and other goods | 61 | €557,700 | €563,508 | +€5,808 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731,172 | €733,731 | +€2,560 | +0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,200 | €25,200 | = | 0.0% |
| Other operating charges | 640/8 | €57,377 | €125,172 | +€67,794 | +118% |
| Operating profit (loss) | 9901 | €1,787,053 | €1,300,178 | -€486,876 | -27.2% |
| Financial income | 75/76B | €31,423 | €52,754 | +€21,331 | +67.9% |
| Recurring financial income | 75 | €31,423 | €52,754 | +€21,331 | +67.9% |
| Income from current assets | 751 | €31,423 | €44,502 | +€13,080 | +41.6% |
| Other financial income | 752/9 | - | €8,252 | +€8,252 | |
| Financial charges | 65/66B | €883,791 | €718,944 | -€164,847 | -18.7% |
| Recurring financial charges | 65 | €883,791 | €718,944 | -€164,847 | -18.7% |
| Debt charges | 650 | €878,686 | €715,622 | -€163,064 | -18.6% |
| Other financial charges | 652/9 | €5,104 | €3,322 | -€1,783 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €934,685 | €633,988 | -€300,697 | -32.2% |
| Income taxes | 67/77 | €0 | €51,009 | +€51,009 | |
| Taxes | 670/3 | €0 | €51,009 | +€51,009 | |
| Profit (loss) for the period | 9904 | €934,685 | €582,979 | -€351,706 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €934,685 | €582,979 | -€351,706 | -37.6% |
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.