WOBO: 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.
WOBO
Largest movements
- Cash -€812,866
down €812,866 (-50.4%), from €1.6m to €798,967
mainly Trade debts (-€538,245) and Investment in fixed assets (net) (-€418,086)
- Current investments -€261,015
down €261,015 (-10.5%), from €2.5m to €2.2m
- Tangible fixed assets +€238,382
up €238,382 (+4.1%), from €5.8m to €6.0m
- Trade debts -€538,245
down €538,245 (-59.5%), from €905,122 to €366,877
- Tax, wage and social debts -€385,069
down €385,069 (-71.8%), from €536,430 to €151,361
- Gross operating margin -€125,707
down €125,707 (-30.6%), from €410,312 to €284,605
- Depreciation +€76,093
up €76,093 (+73.4%), from €103,611 to €179,704
- Financial income +€72,576
up €72,576 (+125%), from €58,086 to €130,662
- Taxes -€63,873
down €63,873 (-70.3%), from €90,921 to €27,049
- Financial charges +€51,417
up €51,417 (+158%), from €32,556 to €83,972
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,919,612 | €10,098,029 | -€821,583 | -7.5% |
| Fixed assets | 21/28 | €5,778,163 | €6,016,545 | +€238,382 | +4.1% |
| Tangible fixed assets | 22/27 | €5,778,163 | €6,016,545 | +€238,382 | +4.1% |
| Land and buildings | 22 | €5,778,163 | €6,016,545 | +€238,382 | +4.1% |
| Current assets | 29/58 | €5,141,448 | €4,081,483 | -€1.1m | -20.6% |
| Stocks and contracts in progress | 3 | €483,596 | €469,208 | -€14,388 | -3.0% |
| Stocks | 30/36 | €483,596 | €469,208 | -€14,388 | -3.0% |
| Amounts receivable within one year | 40/41 | €537,898 | €557,502 | +€19,603 | +3.6% |
| Trade receivables | 40 | €3,072 | - | -€3,072 | |
| Other amounts receivable | 41 | €534,827 | €557,502 | +€22,675 | +4.2% |
| Current investments | 50/53 | €2,482,021 | €2,221,007 | -€261,015 | -10.5% |
| Cash at bank and in hand | 54/58 | €1,611,833 | €798,967 | -€812,866 | -50.4% |
| Deferred charges and accrued income | 490/1 | €26,100 | €34,800 | +€8,700 | +33.3% |
| Total equity and liabilities | 10/49 | €10,919,612 | €10,098,029 | -€821,583 | -7.5% |
| Equity | 10/15 | €8,482,923 | €8,562,282 | +€79,358 | +0.9% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €7,862,923 | €7,942,282 | +€79,358 | +1.0% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €518,131 | €486,644 | -€31,487 | -6.1% |
| Distributable reserves | 133 | €7,282,792 | €7,393,638 | +€110,846 | +1.5% |
| Provisions and deferred taxes | 16 | €172,710 | €162,215 | -€10,496 | -6.1% |
| Deferred taxes | 168 | €172,710 | €162,215 | -€10,496 | -6.1% |
| Amounts payable | 17/49 | €2,263,978 | €1,373,532 | -€890,446 | -39.3% |
| Amounts payable within one year | 42/48 | €2,201,656 | €1,277,695 | -€923,961 | -42.0% |
| Trade debts | 44 | €905,122 | €366,877 | -€538,245 | -59.5% |
| Suppliers | 440/4 | €905,122 | €366,877 | -€538,245 | -59.5% |
| Taxes, remuneration and social security | 45 | €536,430 | €151,361 | -€385,069 | -71.8% |
| Taxes | 450/3 | €536,430 | €151,361 | -€385,069 | -71.8% |
| Other amounts payable | 47/48 | €760,104 | €759,457 | -€647 | -0.1% |
| Accrued charges and deferred income | 492/3 | €62,322 | €95,837 | +€33,515 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,611 | €179,704 | +€76,093 | +73.4% |
| Other operating charges | 640/8 | €23,175 | €55,678 | +€32,503 | +140% |
| Gross operating margin | 9900 | €410,312 | €284,605 | -€125,707 | -30.6% |
| Operating profit (loss) | 9901 | €283,526 | €49,222 | -€234,304 | -82.6% |
| Financial income | 75/76B | €58,086 | €130,662 | +€72,576 | +125% |
| Recurring financial income | 75 | €58,086 | €130,662 | +€72,576 | +125% |
| Financial charges | 65/66B | €32,556 | €83,972 | +€51,417 | +158% |
| Recurring financial charges | 65 | €32,556 | €83,972 | +€51,417 | +158% |
| Profit (loss) for the period before taxes | 9903 | €309,056 | €95,911 | -€213,145 | -69.0% |
| Transfer from deferred taxes | 780 | €10,496 | €10,496 | = | 0.0% |
| Income taxes | 67/77 | €90,921 | €27,049 | -€63,873 | -70.3% |
| Profit (loss) for the period | 9904 | €228,631 | €79,358 | -€149,272 | -65.3% |
| Transfer from tax-exempt reserves | 789 | €31,487 | €31,487 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €260,118 | €110,846 | -€149,272 | -57.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.