WODAN: 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.
WODAN
Largest movements
- Receivables within one year -€540,579
down €540,579 (-99.0%), from €546,186 to €5,606
- Cash +€187,564
up €187,564 (+185.1%), from €101,313 to €288,877
mainly Receivables within one year (+€540,579) and Depreciation (+€14,222)
- Tangible fixed assets -€13,233
down €13,233 (-20.2%), from €65,549 to €52,316
of which Furniture and vehicles: -€12,969
- Reserves -€320,000
down €320,000 (-46.4%), from €689,393 to €369,393
of which Distributable reserves: -€320,000
- Profit (loss) carried forward -€40,082
down €40,082 (-48.2%), from -€83,194 to -€123,276
- Trade debts -€17,737
down €17,737 (-91.9%), from €19,292 to €1,555
- Depreciation +€12,216
up €12,216 (+609.0%), from €2,006 to €14,222
- Financial charges -€6,711
down €6,711 (-85.4%), from €7,858 to €1,147
- Financial income -€2,142
down €2,142 (-34.5%), from €6,201 to €4,059
- Gross operating margin +€1,318
up €1,318 (+4.6%), from -€28,619 to -€27,302
- Other operating charges -€1,291
down €1,291 (-52.3%), from €2,468 to €1,177
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 | €755,586 | €376,410 | -€379,176 | -50.2% |
| Fixed assets | 21/28 | €66,359 | €53,126 | -€13,233 | -19.9% |
| Tangible fixed assets | 22/27 | €65,549 | €52,316 | -€13,233 | -20.2% |
| Plant, machinery and equipment | 23 | €1,214 | €950 | -€264 | -21.7% |
| Furniture and vehicles | 24 | €64,335 | €51,366 | -€12,969 | -20.2% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €689,227 | €323,284 | -€365,943 | -53.1% |
| Stocks and contracts in progress | 3 | €34,716 | €27,815 | -€6,901 | -19.9% |
| Stocks | 30/36 | €34,716 | €27,815 | -€6,901 | -19.9% |
| Amounts receivable within one year | 40/41 | €546,186 | €5,606 | -€540,579 | -99.0% |
| Other amounts receivable | 41 | €546,186 | €5,606 | -€540,579 | -99.0% |
| Cash at bank and in hand | 54/58 | €101,313 | €288,877 | +€187,564 | +185.1% |
| Deferred charges and accrued income | 490/1 | €7,013 | €986 | -€6,027 | -85.9% |
| Total equity and liabilities | 10/49 | €755,586 | €376,410 | -€379,176 | -50.2% |
| Equity | 10/15 | €732,199 | €372,117 | -€360,082 | -49.2% |
| Contributions | 10/11 | €126,000 | €126,000 | = | 0.0% |
| Capital | 10 | €126,000 | €126,000 | = | 0.0% |
| Issued capital | 100 | €126,000 | €126,000 | = | 0.0% |
| Reserves | 13 | €689,393 | €369,393 | -€320,000 | -46.4% |
| Non-distributable reserves | 130/1 | €12,600 | €12,600 | = | 0.0% |
| Legal reserve | 130 | €12,600 | €12,600 | = | 0.0% |
| Distributable reserves | 133 | €676,793 | €356,793 | -€320,000 | -47.3% |
| Profit (loss) carried forward | 14 | -€83,194 | -€123,276 | -€40,082 | -48.2% |
| Amounts payable | 17/49 | €23,387 | €4,293 | -€19,094 | -81.6% |
| Amounts payable within one year | 42/48 | €21,049 | €2,819 | -€18,231 | -86.6% |
| Trade debts | 44 | €19,292 | €1,555 | -€17,737 | -91.9% |
| Suppliers | 440/4 | €19,292 | €1,555 | -€17,737 | -91.9% |
| Taxes, remuneration and social security | 45 | €545 | €292 | -€253 | -46.4% |
| Taxes | 450/3 | €545 | €292 | -€253 | -46.4% |
| Other amounts payable | 47/48 | €1,212 | €971 | -€241 | -19.9% |
| Accrued charges and deferred income | 492/3 | €2,338 | €1,474 | -€864 | -36.9% |
| Non-recurring operating income | 76A | €3,620 | €0 | -€3,620 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,006 | €14,222 | +€12,216 | +609.0% |
| Other operating charges | 640/8 | €2,468 | €1,177 | -€1,291 | -52.3% |
| Gross operating margin | 9900 | -€28,619 | -€27,302 | +€1,318 | +4.6% |
| Operating profit (loss) | 9901 | -€33,094 | -€42,701 | -€9,607 | -29.0% |
| Financial income | 75/76B | €6,201 | €4,059 | -€2,142 | -34.5% |
| Recurring financial income | 75 | €6,201 | €4,059 | -€2,142 | -34.5% |
| Financial charges | 65/66B | €7,858 | €1,147 | -€6,711 | -85.4% |
| Recurring financial charges | 65 | €7,858 | €1,147 | -€6,711 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,751 | -€39,789 | -€5,038 | -14.5% |
| Income taxes | 67/77 | €546 | €293 | -€253 | -46.3% |
| Profit (loss) for the period | 9904 | -€35,297 | -€40,082 | -€4,786 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,297 | -€40,082 | -€4,786 | -13.6% |
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 3 October 2026 via checked.be.