WOAN: 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.
WOAN
Largest movements
- Cash -€12,604
down €12,604 (-71.1%), from €17,727 to €5,123
mainly Investment in fixed assets (net) (-€19,589) and Debts after one year (-€8,257)
- Tangible fixed assets +€6,396
up €6,396 (+4.2%), from €153,823 to €160,218
of which Land and buildings: +€6,193
- Debts after one year -€8,257
down €8,257 (-14.8%), from €55,716 to €47,459
- Gross operating margin -€2,228
down €2,228 (-9.5%), from €23,560 to €21,332
- Depreciation +€590
up €590 (+4.7%), from €12,604 to €13,193
- Financial charges -€309
down €309 (-10.7%), from €2,883 to €2,574
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 | €173,498 | €167,251 | -€6,247 | -3.6% |
| Fixed assets | 21/28 | €153,823 | €160,218 | +€6,396 | +4.2% |
| Tangible fixed assets | 22/27 | €153,823 | €160,218 | +€6,396 | +4.2% |
| Land and buildings | 22 | €153,183 | €159,375 | +€6,193 | +4.0% |
| Furniture and vehicles | 24 | €640 | €843 | +€203 | +31.7% |
| Current assets | 29/58 | €19,675 | €7,032 | -€12,643 | -64.3% |
| Cash at bank and in hand | 54/58 | €17,727 | €5,123 | -€12,604 | -71.1% |
| Deferred charges and accrued income | 490/1 | €1,948 | €1,910 | -€38 | -2.0% |
| Total equity and liabilities | 10/49 | €173,498 | €167,251 | -€6,247 | -3.6% |
| Equity | 10/15 | €47,009 | €48,611 | +€1,602 | +3.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,162 | -€19,560 | +€1,602 | +7.6% |
| Amounts payable | 17/49 | €126,489 | €118,640 | -€7,849 | -6.2% |
| Amounts payable after more than one year | 17 | €55,716 | €47,459 | -€8,257 | -14.8% |
| Financial debts | 170/4 | €55,716 | €47,459 | -€8,257 | -14.8% |
| Amounts payable within one year | 42/48 | €70,773 | €71,181 | +€408 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,582 | €8,931 | +€349 | +4.1% |
| Trade debts | 44 | €1,299 | €1,358 | +€60 | +4.6% |
| Suppliers | 440/4 | €1,299 | €1,358 | +€60 | +4.6% |
| Other amounts payable | 47/48 | €60,892 | €60,892 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,604 | €13,193 | +€590 | +4.7% |
| Other operating charges | 640/8 | €3,849 | €3,963 | +€114 | +3.0% |
| Gross operating margin | 9900 | €23,560 | €21,332 | -€2,228 | -9.5% |
| Operating profit (loss) | 9901 | €7,108 | €4,176 | -€2,932 | -41.2% |
| Financial charges | 65/66B | €2,883 | €2,574 | -€309 | -10.7% |
| Recurring financial charges | 65 | €2,883 | €2,574 | -€309 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €4,225 | €1,602 | -€2,623 | -62.1% |
| Profit (loss) for the period | 9904 | €4,225 | €1,602 | -€2,623 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,225 | €1,602 | -€2,623 | -62.1% |
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.