WODEG: 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.
WODEG
Largest movements
- Cash -€28,532
down €28,532 (-49.6%), from €57,570 to €29,038
mainly Investment in fixed assets (net) (-€25,377) and Debts after one year (-€19,931)
- Tangible fixed assets -€4,106
down €4,106 (-4.1%), from €99,187 to €95,080
of which Plant, machinery and equipment: -€25,047
- Debts after one year -€19,931
down €19,931 (-30.9%), from €64,480 to €44,549
- Tax, wage and social debts -€14,324
down €14,324 (-92.2%), from €15,542 to €1,218
- Reserves +€4,922
up €4,922 (+10.4%), from €47,267 to €52,189
- Current portion of long-term debt -€3,127
down €3,127 (-13.6%), from €23,058 to €19,931
- Gross operating margin +€7,872
up €7,872 (+24.5%), from €32,187 to €40,059
- Depreciation +€7,206
up €7,206 (+32.3%), from €22,277 to €29,484
- Taxes +€1,215
up €1,215, from €0 to €1,215
- Financial charges -€577
down €577 (-14.0%), from €4,134 to €3,557
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 | €157,736 | €124,999 | -€32,737 | -20.8% |
| Fixed assets | 21/28 | €99,187 | €95,080 | -€4,106 | -4.1% |
| Tangible fixed assets | 22/27 | €99,187 | €95,080 | -€4,106 | -4.1% |
| Plant, machinery and equipment | 23 | €99,187 | €74,140 | -€25,047 | -25.3% |
| Furniture and vehicles | 24 | - | €20,941 | +€20,941 | |
| Current assets | 29/58 | €58,549 | €29,919 | -€28,631 | -48.9% |
| Amounts receivable within one year | 40/41 | €980 | €881 | -€99 | -10.1% |
| Trade receivables | 40 | €86 | €0 | -€86 | -100.0% |
| Other amounts receivable | 41 | €894 | €881 | -€13 | -1.5% |
| Cash at bank and in hand | 54/58 | €57,570 | €29,038 | -€28,532 | -49.6% |
| Total equity and liabilities | 10/49 | €157,736 | €124,999 | -€32,737 | -20.8% |
| Equity | 10/15 | €52,267 | €57,189 | +€4,922 | +9.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,267 | €52,189 | +€4,922 | +10.4% |
| Distributable reserves | 133 | €47,267 | €52,189 | +€4,922 | +10.4% |
| Amounts payable | 17/49 | €105,469 | €67,810 | -€37,659 | -35.7% |
| Amounts payable after more than one year | 17 | €64,480 | €44,549 | -€19,931 | -30.9% |
| Financial debts | 170/4 | €64,480 | €44,549 | -€19,931 | -30.9% |
| Amounts payable within one year | 42/48 | €39,864 | €22,586 | -€17,279 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €23,058 | €19,931 | -€3,127 | -13.6% |
| Trade debts | 44 | €645 | €752 | +€107 | +16.7% |
| Suppliers | 440/4 | €645 | €752 | +€107 | +16.7% |
| Taxes, remuneration and social security | 45 | €15,542 | €1,218 | -€14,324 | -92.2% |
| Taxes | 450/3 | €15,542 | €1,218 | -€14,324 | -92.2% |
| Other amounts payable | 47/48 | €620 | €685 | +€65 | +10.5% |
| Accrued charges and deferred income | 492/3 | €1,125 | €675 | -€450 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,277 | €29,484 | +€7,206 | +32.3% |
| Other operating charges | 640/8 | €723 | €882 | +€159 | +21.9% |
| Gross operating margin | 9900 | €32,187 | €40,059 | +€7,872 | +24.5% |
| Operating profit (loss) | 9901 | €9,187 | €9,694 | +€507 | +5.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,134 | €3,557 | -€577 | -14.0% |
| Recurring financial charges | 65 | €4,134 | €3,557 | -€577 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €5,053 | €6,137 | +€1,084 | +21.5% |
| Income taxes | 67/77 | €0 | €1,215 | +€1,215 | |
| Profit (loss) for the period | 9904 | €5,053 | €4,922 | -€131 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,053 | €4,922 | -€131 | -2.6% |
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 2 October 2026 via checked.be.