WOBA: 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.
WOBA
Largest movements
- Receivables within one year +€47,912
up €47,912 (+156.8%), from €30,558 to €78,470
of which Trade receivables: +€47,875
- Stocks and contracts -€35,686
down €35,686 (-22.9%), from €155,867 to €120,181
- Tangible fixed assets -€10,807
down €10,807 (-4.3%), from €249,266 to €238,459
of which Land and buildings: -€6,687
- Debts after one year -€12,488
down €12,488 (-14.9%), from €83,720 to €71,232
- Profit (loss) carried forward +€9,663
up €9,663 (+3.5%), from €278,123 to €287,786
- Other debts +€9,220
up €9,220 (+3560.1%), from €259 to €9,479
- Gross operating margin -€12,470
down €12,470 (-27.2%), from €45,892 to €33,421
- Taxes -€3,306
down €3,306 (-52.8%), from €6,266 to €2,960
- Depreciation -€959
down €959 (-8.1%), from €11,766 to €10,807
- Financial charges +€764
up €764 (+9.4%), from €8,126 to €8,890
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 | €470,615 | €469,356 | -€1,258 | -0.3% |
| Fixed assets | 21/28 | €249,266 | €238,459 | -€10,807 | -4.3% |
| Tangible fixed assets | 22/27 | €249,266 | €238,459 | -€10,807 | -4.3% |
| Land and buildings | 22 | €232,101 | €225,414 | -€6,687 | -2.9% |
| Plant, machinery and equipment | 23 | €11,315 | €10,120 | -€1,195 | -10.6% |
| Furniture and vehicles | 24 | €5,850 | €2,925 | -€2,925 | -50.0% |
| Current assets | 29/58 | €221,348 | €230,897 | +€9,549 | +4.3% |
| Stocks and contracts in progress | 3 | €155,867 | €120,181 | -€35,686 | -22.9% |
| Stocks | 30/36 | €155,867 | €120,181 | -€35,686 | -22.9% |
| Amounts receivable within one year | 40/41 | €30,558 | €78,470 | +€47,912 | +156.8% |
| Trade receivables | 40 | €30,511 | €78,386 | +€47,875 | +156.9% |
| Other amounts receivable | 41 | €47 | €83 | +€37 | +78.3% |
| Cash at bank and in hand | 54/58 | €34,923 | €32,246 | -€2,677 | -7.7% |
| Total equity and liabilities | 10/49 | €470,615 | €469,356 | -€1,258 | -0.3% |
| Equity | 10/15 | €331,927 | €341,590 | +€9,663 | +2.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €28,803 | €28,803 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €26,104 | €26,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,123 | €287,786 | +€9,663 | +3.5% |
| Amounts payable | 17/49 | €138,688 | €127,767 | -€10,921 | -7.9% |
| Amounts payable after more than one year | 17 | €83,720 | €71,232 | -€12,488 | -14.9% |
| Financial debts | 170/4 | €83,720 | €71,232 | -€12,488 | -14.9% |
| Amounts payable within one year | 42/48 | €54,968 | €56,534 | +€1,566 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €14,544 | €12,537 | -€2,007 | -13.8% |
| Trade debts | 44 | €33,989 | €31,558 | -€2,431 | -7.2% |
| Suppliers | 440/4 | €33,989 | €31,558 | -€2,431 | -7.2% |
| Taxes, remuneration and social security | 45 | €6,176 | €2,960 | -€3,216 | -52.1% |
| Taxes | 450/3 | €6,176 | €2,960 | -€3,216 | -52.1% |
| Other amounts payable | 47/48 | €259 | €9,479 | +€9,220 | +3560.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,766 | €10,807 | -€959 | -8.1% |
| Other operating charges | 640/8 | €1,308 | €1,101 | -€206 | -15.8% |
| Gross operating margin | 9900 | €45,892 | €33,421 | -€12,470 | -27.2% |
| Operating profit (loss) | 9901 | €32,818 | €21,513 | -€11,305 | -34.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,126 | €8,890 | +€764 | +9.4% |
| Recurring financial charges | 65 | €8,126 | €8,890 | +€764 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €24,692 | €12,623 | -€12,069 | -48.9% |
| Income taxes | 67/77 | €6,266 | €2,960 | -€3,306 | -52.8% |
| Profit (loss) for the period | 9904 | €18,426 | €9,663 | -€8,763 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,426 | €9,663 | -€8,763 | -47.6% |
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 11 October 2026 via checked.be.