WODL: 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.
WODL
Largest movements
- Receivables within one year -€163,720
down €163,720 (-17.3%), from €945,923 to €782,204
of which Other amounts receivable: -€119,953
- Reserves -€239,668
down €239,668 (-27.5%), from €869,955 to €630,287
- Current portion of long-term debt +€60,061
new in 2025: €60,061
- Tax, wage and social debts +€14,089
up €14,089 (+7.5%), from €187,836 to €201,925
- Gross operating margin -€95,297
down €95,297 (-45.4%), from €209,806 to €114,509
- Taxes -€71,026
down €71,026 (-42.0%), from €169,146 to €98,120
- Financial charges -€11,926
down €11,926 (-57.1%), from €20,896 to €8,970
- Financial income -€2,432
down €2,432 (-5.1%), from €47,852 to €45,421
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 | €1,080,448 | €916,619 | -€163,829 | -15.2% |
| Fixed assets | 21/28 | €134,383 | €134,383 | = | 0.0% |
| Financial fixed assets | 28 | €134,383 | €134,383 | = | 0.0% |
| Current assets | 29/58 | €946,064 | €782,235 | -€163,829 | -17.3% |
| Amounts receivable within one year | 40/41 | €945,923 | €782,204 | -€163,720 | -17.3% |
| Trade receivables | 40 | €47,784 | €4,017 | -€43,767 | -91.6% |
| Other amounts receivable | 41 | €898,140 | €778,187 | -€119,953 | -13.4% |
| Cash at bank and in hand | 54/58 | €141 | €32 | -€109 | -77.4% |
| Total equity and liabilities | 10/49 | €1,080,448 | €916,619 | -€163,829 | -15.2% |
| Equity | 10/15 | €885,124 | €645,456 | -€239,668 | -27.1% |
| Reserves | 13 | €869,955 | €630,287 | -€239,668 | -27.5% |
| Distributable reserves | 133 | €869,955 | €630,287 | -€239,668 | -27.5% |
| Profit (loss) carried forward | 14 | €15,169 | €15,169 | = | 0.0% |
| Amounts payable | 17/49 | €195,324 | €271,162 | +€75,839 | +38.8% |
| Amounts payable within one year | 42/48 | €195,324 | €271,162 | +€75,839 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | - | €60,061 | +€60,061 | |
| Trade debts | 44 | €7,488 | €9,176 | +€1,688 | +22.5% |
| Suppliers | 440/4 | €7,488 | €9,176 | +€1,688 | +22.5% |
| Taxes, remuneration and social security | 45 | €187,836 | €201,925 | +€14,089 | +7.5% |
| Taxes | 450/3 | €187,836 | €201,925 | +€14,089 | +7.5% |
| Other operating charges | 640/8 | €2,498 | €3,195 | +€697 | +27.9% |
| Non-recurring operating charges | 66A | €1,054 | - | -€1,054 | |
| Gross operating margin | 9900 | €209,806 | €114,509 | -€95,297 | -45.4% |
| Operating profit (loss) | 9901 | €206,254 | €111,314 | -€94,940 | -46.0% |
| Financial income | 75/76B | €47,852 | €45,421 | -€2,432 | -5.1% |
| Recurring financial income | 75 | €47,852 | €45,421 | -€2,432 | -5.1% |
| Financial charges | 65/66B | €20,896 | €8,970 | -€11,926 | -57.1% |
| Recurring financial charges | 65 | €20,896 | €8,970 | -€11,926 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €233,210 | €147,765 | -€85,446 | -36.6% |
| Transfer from deferred taxes | 780 | €62,567 | - | -€62,567 | |
| Income taxes | 67/77 | €169,146 | €98,120 | -€71,026 | -42.0% |
| Profit (loss) for the period | 9904 | €126,632 | €49,645 | -€76,987 | -60.8% |
| Transfer from tax-exempt reserves | 789 | €187,702 | - | -€187,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €314,334 | €49,645 | -€264,689 | -84.2% |
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 4 October 2026 via checked.be.