Wobex: 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.
Wobex
Largest movements
- Cash -€88,019
down €88,019 (-83.7%), from €105,161 to €17,142
mainly Contributions, distributions and other (-€182,023) and Receivables within one year (-€46,756)
- Receivables within one year +€46,756
up €46,756 (+79.9%), from €58,500 to €105,256
of which Trade receivables: +€36,756
- Reserves -€78,145
down €78,145 (-32.0%), from €244,107 to €165,962
- Other debts +€28,052
up €28,052 (+3719.6%), from €754 to €28,807
- Tax, wage and social debts +€17,243
up €17,243 (+129.4%), from €13,323 to €30,566
- Debts after one year -€6,390
down €6,390 (-44.2%), from €14,469 to €8,078
- Trade debts -€5,246
down €5,246 (-84.1%), from €6,238 to €992
- Gross operating margin +€56,860
up €56,860 (+68.0%), from €83,645 to €140,505
- Taxes +€8,758
up €8,758 (+30.8%), from €28,424 to €37,183
- Depreciation +€3,531
up €3,531 (+231.6%), from €1,524 to €5,055
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 | €291,217 | €246,796 | -€44,422 | -15.3% |
| Fixed assets | 21/28 | €124,348 | €122,793 | -€1,555 | -1.3% |
| Tangible fixed assets | 22/27 | €24,348 | €22,793 | -€1,555 | -6.4% |
| Plant, machinery and equipment | 23 | €3,300 | €2,315 | -€986 | -29.9% |
| Furniture and vehicles | 24 | €17,201 | €14,414 | -€2,787 | -16.2% |
| Other tangible fixed assets | 26 | €3,847 | €6,064 | +€2,218 | +57.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €166,869 | €124,002 | -€42,867 | -25.7% |
| Amounts receivable within one year | 40/41 | €58,500 | €105,256 | +€46,756 | +79.9% |
| Trade receivables | 40 | €8,500 | €45,256 | +€36,756 | +432.4% |
| Other amounts receivable | 41 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €105,161 | €17,142 | -€88,019 | -83.7% |
| Deferred charges and accrued income | 490/1 | €3,208 | €1,604 | -€1,604 | -50.0% |
| Total equity and liabilities | 10/49 | €291,217 | €246,796 | -€44,422 | -15.3% |
| Equity | 10/15 | €250,107 | €171,962 | -€78,145 | -31.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €244,107 | €165,962 | -€78,145 | -32.0% |
| Distributable reserves | 133 | €244,107 | €165,962 | -€78,145 | -32.0% |
| Amounts payable | 17/49 | €41,111 | €74,834 | +€33,723 | +82.0% |
| Amounts payable after more than one year | 17 | €14,469 | €8,078 | -€6,390 | -44.2% |
| Financial debts | 170/4 | €14,469 | €8,078 | -€6,390 | -44.2% |
| Amounts payable within one year | 42/48 | €26,642 | €66,755 | +€40,114 | +150.6% |
| Current portion of amounts payable after more than one year | 42 | €6,327 | €6,390 | +€64 | +1.0% |
| Trade debts | 44 | €6,238 | €992 | -€5,246 | -84.1% |
| Suppliers | 440/4 | €6,238 | €992 | -€5,246 | -84.1% |
| Taxes, remuneration and social security | 45 | €13,323 | €30,566 | +€17,243 | +129.4% |
| Taxes | 450/3 | €13,323 | €30,566 | +€17,243 | +129.4% |
| Other amounts payable | 47/48 | €754 | €28,807 | +€28,052 | +3719.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €5,055 | +€3,531 | +231.6% |
| Other operating charges | 640/8 | €556 | €572 | +€16 | +2.9% |
| Gross operating margin | 9900 | €83,645 | €140,505 | +€56,860 | +68.0% |
| Operating profit (loss) | 9901 | €81,565 | €134,878 | +€53,313 | +65.4% |
| Financial income | 75/76B | €6,660 | €6,453 | -€208 | -3.1% |
| Recurring financial income | 75 | €6,660 | €6,453 | -€208 | -3.1% |
| Financial charges | 65/66B | €442 | €270 | -€173 | -39.0% |
| Recurring financial charges | 65 | €442 | €270 | -€173 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €87,783 | €141,061 | +€53,278 | +60.7% |
| Income taxes | 67/77 | €28,424 | €37,183 | +€8,758 | +30.8% |
| Profit (loss) for the period | 9904 | €59,359 | €103,879 | +€44,520 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,359 | €103,879 | +€44,520 | +75.0% |
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 9 October 2026 via checked.be.