Wobam: 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
Wobam
NACE 11.050, Manufacture of beer
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€418,035
2024 · -€235,769+€653,804
Equity
€1.1m
2024 · €632,533+€418,035
Cash
€393,653
2024 · €195,562+€198,090
Balance sheet total
€4.0m
2024 · €3.6m+€406,077
Largest movements
Assets
- Cash +€198,090
up €198,090 (+101.3%), from €195,562 to €393,653
mainly Net result for the year (+€418,035) and Depreciation (+€341,408)
- Stocks and contracts +€114,935
up €114,935 (+44.4%), from €259,000 to €373,935
- Tangible fixed assets +€42,412
up €42,412 (+1.5%), from €2.8m to €2.9m
of which Plant, machinery and equipment: +€102,893
Equity and liabilities
- Profit (loss) carried forward +€418,035
up €418,035 (+56.7%), from -€736,696 to -€318,661
- Debts after one year -€128,249
down €128,249 (-5.6%), from €2.3m to €2.2m
- Current portion of long-term debt +€93,246
up €93,246 (+34.9%), from €267,178 to €360,423
Income statement
- Gross operating margin +€738,402
up €738,402 (+127.9%), from €577,197 to €1.3m
- Staff costs +€60,106
up €60,106 (+17.2%), from €350,264 to €410,370
- Depreciation +€31,786
up €31,786 (+10.3%), from €309,622 to €341,408
- Financial charges -€22,546
down €22,546 (-19.5%), from €115,340 to €92,794
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
-€235,769
Gross operating margin
+€738,402
Staff costs
-€60,106
Depreciation
-€31,786
Write-downs
-€12,454
Other operating charges
-€4,811
Financial income
+€2,013
Financial charges
+€22,546
Result 2025
€418,035
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.
From operations
+€616,214
Investment
-€382,808
Financing
-€35,316
Cash 2024
€195,562
From operations (derived)
+€616,214
Net result for the year
+€418,035
Depreciation
+€341,408
Stocks and contracts
-€114,935
Receivables within one year
-€38,022
Deferred charges and accrued income
-€13,630
Trade debts
+€11,114
Tax, wage and social debts
+€18,595
Other debts
+€16,934
Accrued charges and deferred income
-€23,285
Investment (derived)
-€382,808
Investment in fixed assets (net)
-€382,808
Financing
-€35,316
Debts after one year
-€128,249
Current portion of long-term debt
+€93,246
Short-term financial debts
-€313
Cash 2025
€393,653
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,630,082 | €4,036,159 | +€406,077 | +11.2% |
| Fixed assets | 21/28 | €2,832,009 | €2,873,408 | +€41,400 | +1.5% |
| Tangible fixed assets | 22/27 | €2,820,267 | €2,862,678 | +€42,412 | +1.5% |
| Land and buildings | 22 | €1,790,814 | €1,763,512 | -€27,302 | -1.5% |
| Plant, machinery and equipment | 23 | €662,850 | €765,743 | +€102,893 | +15.5% |
| Furniture and vehicles | 24 | €1,453 | €7,788 | +€6,335 | +436.1% |
| Leasing and similar rights | 25 | €362,348 | €322,833 | -€39,515 | -10.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €2,803 | €2,803 | = | 0.0% |
| Financial fixed assets | 28 | €11,742 | €10,730 | -€1,012 | -8.6% |
| Current assets | 29/58 | €798,074 | €1,162,751 | +€364,678 | +45.7% |
| Stocks and contracts in progress | 3 | €259,000 | €373,935 | +€114,935 | +44.4% |
| Stocks | 30/36 | €259,000 | €373,935 | +€114,935 | +44.4% |
| Amounts receivable within one year | 40/41 | €327,757 | €365,779 | +€38,022 | +11.6% |
| Trade receivables | 40 | €286,686 | €346,120 | +€59,433 | +20.7% |
| Other amounts receivable | 41 | €41,070 | €19,659 | -€21,411 | -52.1% |
| Cash at bank and in hand | 54/58 | €195,562 | €393,653 | +€198,090 | +101.3% |
| Deferred charges and accrued income | 490/1 | €15,755 | €29,385 | +€13,630 | +86.5% |
| Total equity and liabilities | 10/49 | €3,630,082 | €4,036,159 | +€406,077 | +11.2% |
| Equity | 10/15 | €632,533 | €1,050,568 | +€418,035 | +66.1% |
| Contributions | 10/11 | €1,346,650 | €1,346,650 | = | 0.0% |
| Reserves | 13 | €22,579 | €22,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,628 | €8,628 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,628 | €8,628 | = | 0.0% |
| Distributable reserves | 133 | €13,951 | €13,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€736,696 | -€318,661 | +€418,035 | +56.7% |
| Amounts payable | 17/49 | €2,997,549 | €2,985,592 | -€11,958 | -0.4% |
| Amounts payable after more than one year | 17 | €2,303,469 | €2,175,221 | -€128,249 | -5.6% |
| Financial debts | 170/4 | €2,303,469 | €2,175,221 | -€128,249 | -5.6% |
| Amounts payable within one year | 42/48 | €642,900 | €782,476 | +€139,576 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €267,178 | €360,423 | +€93,246 | +34.9% |
| Financial debts | 43 | €313 | €0 | -€313 | -100.0% |
| Credit institutions | 430/8 | €313 | €0 | -€313 | -100.0% |
| Trade debts | 44 | €319,146 | €330,260 | +€11,114 | +3.5% |
| Suppliers | 440/4 | €319,146 | €330,260 | +€11,114 | +3.5% |
| Taxes, remuneration and social security | 45 | €44,411 | €63,005 | +€18,595 | +41.9% |
| Taxes | 450/3 | €11,076 | €895 | -€10,180 | -91.9% |
| Remuneration and social security | 454/9 | €33,335 | €62,110 | +€28,775 | +86.3% |
| Other amounts payable | 47/48 | €11,854 | €28,788 | +€16,934 | +142.9% |
| Accrued charges and deferred income | 492/3 | €51,180 | €27,895 | -€23,285 | -45.5% |
| Non-recurring operating income | 76A | - | €1,616 | +€1,616 | |
| Remuneration, social security and pensions | 62 | €350,264 | €410,370 | +€60,106 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,622 | €341,408 | +€31,786 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,154 | €14,608 | +€12,454 | +578.2% |
| Other operating charges | 640/8 | €35,726 | €40,538 | +€4,811 | +13.5% |
| Gross operating margin | 9900 | €577,197 | €1,315,599 | +€738,402 | +127.9% |
| Operating profit (loss) | 9901 | -€120,570 | €508,675 | +€629,244 | |
| Financial income | 75/76B | €140 | €2,154 | +€2,013 | +1433.3% |
| Recurring financial income | 75 | €140 | €2,154 | +€2,013 | +1433.3% |
| Financial charges | 65/66B | €115,340 | €92,794 | -€22,546 | -19.5% |
| Recurring financial charges | 65 | €115,340 | €92,794 | -€22,546 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€235,769 | €418,035 | +€653,804 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€235,769 | €418,035 | +€653,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€235,769 | €418,035 | +€653,804 |
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 12 October 2026 via checked.be.