WODEMA: 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.
WODEMA
Largest movements
- Tangible fixed assets -€31,054
down €31,054 (-5.1%), from €611,102 to €580,047
of which Leasing and similar rights: -€16,816
- Receivables within one year +€7,404
up €7,404 (+256%), from €2,888 to €10,292
of which Trade receivables: +€7,994
- Debts after one year -€38,108
down €38,108 (-6.6%), from €575,918 to €537,809
of which Financial debts: -€33,108
- Other debts +€13,510
up €13,510 (+204%), from €6,622 to €20,132
- Profit (loss) carried forward +€8,573
no longer reported in 2025 (was -€8,573)
- Trade debts -€6,982
down €6,982 (-64.6%), from €10,799 to €3,818
- Gross operating margin +€36,850
up €36,850 (+125%), from €29,467 to €66,317
- Depreciation +€9,844
up €9,844 (+39.9%), from €24,659 to €34,503
- Financial charges +€8,626
up €8,626 (+77.0%), from €11,205 to €19,831
- Other operating charges +€1,611
up €1,611 (+118%), from €1,361 to €2,972
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 | €627,060 | €601,689 | -€25,371 | -4.0% |
| Fixed assets | 21/28 | €611,102 | €580,047 | -€31,054 | -5.1% |
| Tangible fixed assets | 22/27 | €611,102 | €580,047 | -€31,054 | -5.1% |
| Land and buildings | 22 | €546,153 | €532,674 | -€13,480 | -2.5% |
| Furniture and vehicles | 24 | €1,691 | €933 | -€758 | -44.8% |
| Leasing and similar rights | 25 | €63,257 | €46,441 | -€16,816 | -26.6% |
| Current assets | 29/58 | €15,959 | €21,642 | +€5,683 | +35.6% |
| Amounts receivable within one year | 40/41 | €2,888 | €10,292 | +€7,404 | +256% |
| Trade receivables | 40 | €2,228 | €10,222 | +€7,994 | +359% |
| Other amounts receivable | 41 | €660 | €70 | -€590 | -89.4% |
| Cash at bank and in hand | 54/58 | €9,999 | €8,357 | -€1,642 | -16.4% |
| Deferred charges and accrued income | 490/1 | €3,072 | €2,994 | -€79 | -2.6% |
| Total equity and liabilities | 10/49 | €627,060 | €601,689 | -€25,371 | -4.0% |
| Equity | 10/15 | -€8,473 | €555 | +€9,027 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €455 | +€455 | |
| Distributable reserves | 133 | - | €455 | +€455 | |
| Profit (loss) carried forward | 14 | -€8,573 | - | +€8,573 | |
| Amounts payable | 17/49 | €635,533 | €601,135 | -€34,399 | -5.4% |
| Amounts payable after more than one year | 17 | €575,918 | €537,809 | -€38,108 | -6.6% |
| Financial debts | 170/4 | €475,918 | €442,809 | -€33,108 | -7.0% |
| Other amounts payable | 178/9 | €100,000 | €95,000 | -€5,000 | -5.0% |
| Amounts payable within one year | 42/48 | €57,875 | €61,546 | +€3,671 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €30,466 | €31,787 | +€1,321 | +4.3% |
| Financial debts | 43 | - | €685 | +€685 | |
| Credit institutions | 430/8 | - | €685 | +€685 | |
| Trade debts | 44 | €10,799 | €3,818 | -€6,982 | -64.6% |
| Suppliers | 440/4 | €10,799 | €3,818 | -€6,982 | -64.6% |
| Taxes, remuneration and social security | 45 | €9,988 | €5,124 | -€4,864 | -48.7% |
| Taxes | 450/3 | €9,988 | €3,274 | -€6,714 | -67.2% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €6,622 | €20,132 | +€13,510 | +204% |
| Accrued charges and deferred income | 492/3 | €1,740 | €1,779 | +€39 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,659 | €34,503 | +€9,844 | +39.9% |
| Other operating charges | 640/8 | €1,361 | €2,972 | +€1,611 | +118% |
| Non-recurring operating charges | 66A | €14,546 | - | -€14,546 | |
| Gross operating margin | 9900 | €29,467 | €66,317 | +€36,850 | +125% |
| Operating profit (loss) | 9901 | -€11,100 | €28,842 | +€39,942 | |
| Financial income | 75/76B | €1 | €16 | +€15 | +1,233% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +1,233% |
| Financial charges | 65/66B | €11,205 | €19,831 | +€8,626 | +77.0% |
| Recurring financial charges | 65 | €11,205 | €19,831 | +€8,626 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,304 | €9,027 | +€31,331 | |
| Profit (loss) for the period | 9904 | -€22,304 | €9,027 | +€31,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,304 | €9,027 | +€31,331 |
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 19 October 2026 via checked.be.