WODA: 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.
WODA
Largest movements
- Current investments -€124,147
no longer reported in 2025 (was €124,147)
- Cash +€118,489
up €118,489 (+537%), from €22,051 to €140,540
mainly Current investments (+€124,147) and Net result for the year (+€69,331)
- Receivables within one year +€6,037
up €6,037 (+34.3%), from €17,612 to €23,649
of which Trade receivables: +€6,012
- Deferred charges and accrued income -€2,921
down €2,921 (-49.5%), from €5,900 to €2,980
- Other debts -€20,479
down €20,479 (-30.7%), from €66,758 to €46,278
- Profit (loss) carried forward +€19,331
up €19,331 (+37.6%), from €51,478 to €70,809
- Gross operating margin -€3,666
down €3,666 (-4.0%), from €91,142 to €87,476
- Financial income -€2,727
down €2,727 (-47.8%), from €5,701 to €2,974
- Taxes -€1,367
down €1,367 (-6.9%), from €19,956 to €18,589
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.
Derived cash bridge
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 | €173,648 | €171,719 | -€1,928 | -1.1% |
| Fixed assets | 21/28 | €3,937 | €4,551 | +€614 | +15.6% |
| Tangible fixed assets | 22/27 | €3,937 | €4,551 | +€614 | +15.6% |
| Plant, machinery and equipment | 23 | €3,937 | €3,050 | -€887 | -22.5% |
| Furniture and vehicles | 24 | - | €1,501 | +€1,501 | |
| Current assets | 29/58 | €169,711 | €167,169 | -€2,542 | -1.5% |
| Amounts receivable within one year | 40/41 | €17,612 | €23,649 | +€6,037 | +34.3% |
| Trade receivables | 40 | €17,593 | €23,606 | +€6,012 | +34.2% |
| Other amounts receivable | 41 | €19 | €43 | +€25 | +133% |
| Current investments | 50/53 | €124,147 | - | -€124,147 | |
| Cash at bank and in hand | 54/58 | €22,051 | €140,540 | +€118,489 | +537% |
| Deferred charges and accrued income | 490/1 | €5,900 | €2,980 | -€2,921 | -49.5% |
| Total equity and liabilities | 10/49 | €173,648 | €171,719 | -€1,928 | -1.1% |
| Equity | 10/15 | €75,225 | €94,557 | +€19,331 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,147 | €5,147 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,287 | €3,287 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,478 | €70,809 | +€19,331 | +37.6% |
| Amounts payable | 17/49 | €98,422 | €77,163 | -€21,260 | -21.6% |
| Amounts payable within one year | 42/48 | €98,422 | €77,163 | -€21,260 | -21.6% |
| Financial debts | 43 | €70 | €204 | +€134 | +192% |
| Credit institutions | 430/8 | €70 | €204 | +€134 | +192% |
| Trade debts | 44 | €3,200 | €3,433 | +€233 | +7.3% |
| Suppliers | 440/4 | €3,200 | €3,433 | +€233 | +7.3% |
| Taxes, remuneration and social security | 45 | €28,395 | €27,248 | -€1,147 | -4.0% |
| Taxes | 450/3 | €27,616 | €27,248 | -€367 | -1.3% |
| Remuneration and social security | 454/9 | €779 | - | -€779 | |
| Other amounts payable | 47/48 | €66,758 | €46,278 | -€20,479 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,059 | €1,605 | +€545 | +51.5% |
| Other operating charges | 640/8 | €577 | €640 | +€63 | +10.9% |
| Gross operating margin | 9900 | €91,142 | €87,476 | -€3,666 | -4.0% |
| Operating profit (loss) | 9901 | €89,506 | €85,232 | -€4,274 | -4.8% |
| Financial income | 75/76B | €5,701 | €2,974 | -€2,727 | -47.8% |
| Recurring financial income | 75 | €5,701 | €2,974 | -€2,727 | -47.8% |
| Financial charges | 65/66B | €84 | €286 | +€202 | +240% |
| Recurring financial charges | 65 | €84 | €286 | +€202 | +240% |
| Profit (loss) for the period before taxes | 9903 | €95,123 | €87,920 | -€7,203 | -7.6% |
| Income taxes | 67/77 | €19,956 | €18,589 | -€1,367 | -6.9% |
| Profit (loss) for the period | 9904 | €75,167 | €69,331 | -€5,836 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,167 | €69,331 | -€5,836 | -7.8% |
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 16 October 2026 via checked.be.