WOCO: 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.
WOCO
Largest movements
- Receivables within one year +€135,754
up €135,754 (+4474.8%), from €3,034 to €138,788
- Cash +€17,404
up €17,404 (+906.4%), from €1,920 to €19,324
mainly Other debts (+€121,354) and Debts after one year (+€115,302)
- Tangible fixed assets -€5,302
down €5,302 (-2.9%), from €180,280 to €174,978
- Other debts +€121,354
up €121,354 (+862.6%), from €14,068 to €135,423
- Debts after one year +€115,302
new in 2025: €115,302
- Reserves -€79,826
down €79,826 (-59.0%), from €135,332 to €55,506
of which Distributable reserves: -€70,042
- Profit (loss) carried forward -€26,410
down €26,410 (-100.0%), from €26,410 to €0
- Short-term financial debts +€12,000
new in 2025: €12,000
- Other operating charges +€5,145
up €5,145 (+1144.9%), from €449 to €5,594
- Depreciation -€1,220
down €1,220 (-18.7%), from €6,522 to €5,302
- Taxes +€1,181
up €1,181 (+13.4%), from €8,803 to €9,984
- Financial charges +€861
up €861 (+50.9%), from €1,693 to €2,554
- Gross operating margin +€813
up €813 (+2.0%), from €41,386 to €42,199
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 | €185,234 | €333,090 | +€147,856 | +79.8% |
| Fixed assets | 21/28 | €180,280 | €174,978 | -€5,302 | -2.9% |
| Tangible fixed assets | 22/27 | €180,280 | €174,978 | -€5,302 | -2.9% |
| Land and buildings | 22 | €180,280 | €174,978 | -€5,302 | -2.9% |
| Current assets | 29/58 | €4,954 | €158,112 | +€153,158 | +3091.6% |
| Amounts receivable within one year | 40/41 | €3,034 | €138,788 | +€135,754 | +4474.8% |
| Other amounts receivable | 41 | €3,034 | €138,788 | +€135,754 | +4474.8% |
| Cash at bank and in hand | 54/58 | €1,920 | €19,324 | +€17,404 | +906.4% |
| Total equity and liabilities | 10/49 | €185,234 | €333,090 | +€147,856 | +79.8% |
| Equity | 10/15 | €169,178 | €62,943 | -€106,236 | -62.8% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €135,332 | €55,506 | -€79,826 | -59.0% |
| Tax-exempt reserves | 132 | €9,784 | €0 | -€9,784 | -100.0% |
| Distributable reserves | 133 | €125,548 | €55,506 | -€70,042 | -55.8% |
| Profit (loss) carried forward | 14 | €26,410 | €0 | -€26,410 | -100.0% |
| Amounts payable | 17/49 | €16,056 | €270,147 | +€254,092 | +1582.6% |
| Amounts payable after more than one year | 17 | - | €115,302 | +€115,302 | |
| Financial debts | 170/4 | - | €115,302 | +€115,302 | |
| Amounts payable within one year | 42/48 | €14,068 | €153,945 | +€139,877 | +994.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,523 | +€6,523 | |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €14,068 | €135,423 | +€121,354 | +862.6% |
| Accrued charges and deferred income | 492/3 | €1,987 | €899 | -€1,088 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,522 | €5,302 | -€1,220 | -18.7% |
| Other operating charges | 640/8 | €449 | €5,594 | +€5,145 | +1144.9% |
| Gross operating margin | 9900 | €41,386 | €42,199 | +€813 | +2.0% |
| Operating profit (loss) | 9901 | €34,414 | €31,303 | -€3,112 | -9.0% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100.0% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100.0% |
| Financial charges | 65/66B | €1,693 | €2,554 | +€861 | +50.9% |
| Recurring financial charges | 65 | €1,693 | €2,554 | +€861 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €32,812 | €28,749 | -€4,063 | -12.4% |
| Income taxes | 67/77 | €8,803 | €9,984 | +€1,181 | +13.4% |
| Profit (loss) for the period | 9904 | €24,009 | €18,764 | -€5,244 | -21.8% |
| Transfer from tax-exempt reserves | 789 | €2,401 | €9,784 | +€7,383 | +307.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,410 | €28,548 | +€2,138 | +8.1% |
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 28 September 2026 via checked.be.