WO FA: 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.
WO FA
Largest movements
- Receivables within one year +€27,759
up €27,759 (+2259.9%), from €1,228 to €28,987
of which Other amounts receivable: +€27,706
- Cash -€27,501
down €27,501 (-36.6%), from €75,200 to €47,699
mainly Other debts (-€68,543) and Investment in fixed assets (net) (-€51,679)
- Tangible fixed assets +€6,649
up €6,649 (+2.5%), from €261,771 to €268,420
of which Furniture and vehicles: +€27,837
- Other debts -€68,543
down €68,543 (-100.0%), from €68,543 to €0
- Reserves +€56,548
up €56,548 (+37.0%), from €152,759 to €209,307
of which Distributable reserves: +€56,548
- Current portion of long-term debt +€11,041
up €11,041 (+34.8%), from €31,747 to €42,788
- Debts after one year +€4,830
up €4,830 (+3.5%), from €138,504 to €143,334
- Gross operating margin +€28,175
up €28,175 (+21.6%), from €130,150 to €158,325
- Taxes +€8,434
up €8,434 (+47.1%), from €17,888 to €26,322
- Financial charges -€3,893
down €3,893 (-33.6%), from €11,585 to €7,693
- Staff costs +€2,879
up €2,879 (+19.8%), from €14,569 to €17,449
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 | €409,899 | €412,176 | +€2,277 | +0.6% |
| Fixed assets | 21/28 | €263,740 | €268,420 | +€4,680 | +1.8% |
| Intangible fixed assets | 21 | €1,969 | €0 | -€1,969 | -100.0% |
| Tangible fixed assets | 22/27 | €261,771 | €268,420 | +€6,649 | +2.5% |
| Land and buildings | 22 | €161,286 | €146,790 | -€14,496 | -9.0% |
| Plant, machinery and equipment | 23 | €31,880 | €25,188 | -€6,692 | -21.0% |
| Furniture and vehicles | 24 | €68,605 | €96,442 | +€27,837 | +40.6% |
| Current assets | 29/58 | €146,159 | €143,756 | -€2,402 | -1.6% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Trade receivables | 290 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,958 | €7,856 | -€3,103 | -28.3% |
| Stocks | 30/36 | €10,958 | €7,856 | -€3,103 | -28.3% |
| Amounts receivable within one year | 40/41 | €1,228 | €28,987 | +€27,759 | +2259.9% |
| Trade receivables | 40 | €0 | €53 | +€53 | |
| Other amounts receivable | 41 | €1,228 | €28,935 | +€27,706 | +2255.6% |
| Cash at bank and in hand | 54/58 | €75,200 | €47,699 | -€27,501 | -36.6% |
| Deferred charges and accrued income | 490/1 | €3,772 | €4,214 | +€442 | +11.7% |
| Total equity and liabilities | 10/49 | €409,899 | €412,176 | +€2,277 | +0.6% |
| Equity | 10/15 | €158,959 | €215,507 | +€56,548 | +35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,759 | €209,307 | +€56,548 | +37.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,899 | €207,447 | +€56,548 | +37.5% |
| Amounts payable | 17/49 | €250,940 | €196,670 | -€54,270 | -21.6% |
| Amounts payable after more than one year | 17 | €138,504 | €143,334 | +€4,830 | +3.5% |
| Financial debts | 170/4 | €138,504 | €143,334 | +€4,830 | +3.5% |
| Amounts payable within one year | 42/48 | €112,428 | €53,336 | -€59,092 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €31,747 | €42,788 | +€11,041 | +34.8% |
| Trade debts | 44 | €5,897 | €6,518 | +€621 | +10.5% |
| Suppliers | 440/4 | €5,897 | €6,518 | +€621 | +10.5% |
| Taxes, remuneration and social security | 45 | €6,241 | €4,030 | -€2,211 | -35.4% |
| Taxes | 450/3 | €4,581 | €1,858 | -€2,724 | -59.4% |
| Remuneration and social security | 454/9 | €1,659 | €2,172 | +€512 | +30.9% |
| Other amounts payable | 47/48 | €68,543 | €0 | -€68,543 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Non-recurring operating income | 76A | - | €6,200 | +€6,200 | |
| Remuneration, social security and pensions | 62 | €14,569 | €17,449 | +€2,879 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,530 | €47,000 | -€530 | -1.1% |
| Other operating charges | 640/8 | €2,806 | €3,699 | +€893 | +31.8% |
| Gross operating margin | 9900 | €130,150 | €158,325 | +€28,175 | +21.6% |
| Operating profit (loss) | 9901 | €65,245 | €90,178 | +€24,933 | +38.2% |
| Financial income | 75/76B | €141 | €385 | +€244 | +173.5% |
| Recurring financial income | 75 | €141 | €385 | +€244 | +173.5% |
| Financial charges | 65/66B | €11,585 | €7,693 | -€3,893 | -33.6% |
| Recurring financial charges | 65 | €11,585 | €7,693 | -€3,893 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €53,800 | €82,870 | +€29,070 | +54.0% |
| Income taxes | 67/77 | €17,888 | €26,322 | +€8,434 | +47.1% |
| Profit (loss) for the period | 9904 | €35,912 | €56,548 | +€20,636 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,912 | €56,548 | +€20,636 | +57.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.