WL Outdoor Projects: 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.
WL Outdoor Projects
Largest movements
- Tangible fixed assets +€30,197
up €30,197 (+33.2%), from €90,969 to €121,165
- Cash +€29,716
up €29,716 (+71.9%), from €41,302 to €71,018
mainly Net result for the year (+€46,639) and Depreciation (+€37,674)
- Receivables within one year +€21,697
up €21,697 (+188%), from €11,548 to €33,245
of which Trade receivables: +€24,329
- Reserves +€46,639
up €46,639 (+84.2%), from €55,389 to €102,028
- Trade debts +€20,385
up €20,385 (+215%), from €9,487 to €29,873
- Debts after one year +€10,087
up €10,087 (+23.8%), from €42,424 to €52,511
- Tax, wage and social debts +€8,401
up €8,401 (+316%), from €2,660 to €11,061
- Short-term financial debts -€5,006
down €5,006 (-31.3%), from €16,000 to €10,994
- Depreciation +€18,833
up €18,833 (+100.0%), from €18,841 to €37,674
- Gross operating margin +€6,301
up €6,301 (+6.2%), from €100,914 to €107,215
- Taxes -€4,006
down €4,006 (-21.5%), from €18,660 to €14,654
- Other operating charges -€2,388
down €2,388 (-47.2%), from €5,053 to €2,666
- Financial charges +€2,361
up €2,361 (+68.3%), from €3,458 to €5,820
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 | €153,530 | €234,663 | +€81,133 | +52.8% |
| Fixed assets | 21/28 | €90,969 | €121,165 | +€30,197 | +33.2% |
| Tangible fixed assets | 22/27 | €90,969 | €121,165 | +€30,197 | +33.2% |
| Land and buildings | 22 | €1,447 | €1,290 | -€157 | -10.9% |
| Plant, machinery and equipment | 23 | €11,442 | €22,725 | +€11,283 | +98.6% |
| Furniture and vehicles | 24 | €17,707 | €24,226 | +€6,519 | +36.8% |
| Leasing and similar rights | 25 | €60,373 | €72,925 | +€12,552 | +20.8% |
| Current assets | 29/58 | €62,561 | €113,498 | +€50,936 | +81.4% |
| Stocks and contracts in progress | 3 | €7,615 | €9,235 | +€1,620 | +21.3% |
| Stocks | 30/36 | €7,615 | €9,235 | +€1,620 | +21.3% |
| Amounts receivable within one year | 40/41 | €11,548 | €33,245 | +€21,697 | +188% |
| Trade receivables | 40 | €3,646 | €27,976 | +€24,329 | +667% |
| Other amounts receivable | 41 | €7,901 | €5,269 | -€2,632 | -33.3% |
| Cash at bank and in hand | 54/58 | €41,302 | €71,018 | +€29,716 | +71.9% |
| Deferred charges and accrued income | 490/1 | €2,097 | €0 | -€2,097 | -100% |
| Total equity and liabilities | 10/49 | €153,530 | €234,663 | +€81,133 | +52.8% |
| Equity | 10/15 | €62,389 | €109,028 | +€46,639 | +74.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €55,389 | €102,028 | +€46,639 | +84.2% |
| Distributable reserves | 133 | €55,389 | €102,028 | +€46,639 | +84.2% |
| Amounts payable | 17/49 | €91,141 | €125,635 | +€34,494 | +37.8% |
| Amounts payable after more than one year | 17 | €42,424 | €52,511 | +€10,087 | +23.8% |
| Financial debts | 170/4 | €42,424 | €52,511 | +€10,087 | +23.8% |
| Amounts payable within one year | 42/48 | €48,311 | €73,124 | +€24,813 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €16,698 | €19,456 | +€2,758 | +16.5% |
| Financial debts | 43 | €16,000 | €10,994 | -€5,006 | -31.3% |
| Credit institutions | 430/8 | €16,000 | €10,994 | -€5,006 | -31.3% |
| Trade debts | 44 | €9,487 | €29,873 | +€20,385 | +215% |
| Suppliers | 440/4 | €9,487 | €29,873 | +€20,385 | +215% |
| Taxes, remuneration and social security | 45 | €2,660 | €11,061 | +€8,401 | +316% |
| Taxes | 450/3 | €2,660 | €11,061 | +€8,401 | +316% |
| Other amounts payable | 47/48 | €3,466 | €1,740 | -€1,726 | -49.8% |
| Accrued charges and deferred income | 492/3 | €407 | €0 | -€407 | -100% |
| Non-recurring operating income | 76A | €14,568 | €9,738 | -€4,830 | -33.2% |
| Remuneration, social security and pensions | 62 | - | €1,003 | +€1,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,841 | €37,674 | +€18,833 | +100.0% |
| Other operating charges | 640/8 | €5,053 | €2,666 | -€2,388 | -47.2% |
| Gross operating margin | 9900 | €100,914 | €107,215 | +€6,301 | +6.2% |
| Operating profit (loss) | 9901 | €77,020 | €65,872 | -€11,148 | -14.5% |
| Financial income | 75/76B | €486 | €1,241 | +€754 | +155% |
| Recurring financial income | 75 | €486 | €1,241 | +€754 | +155% |
| Financial charges | 65/66B | €3,458 | €5,820 | +€2,361 | +68.3% |
| Recurring financial charges | 65 | €3,458 | €5,820 | +€2,361 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €74,048 | €61,293 | -€12,755 | -17.2% |
| Income taxes | 67/77 | €18,660 | €14,654 | -€4,006 | -21.5% |
| Profit (loss) for the period | 9904 | €55,389 | €46,639 | -€8,749 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,389 | €46,639 | -€8,749 | -15.8% |
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 20 October 2026 via checked.be.