WOENST: 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.
WOENST
Largest movements
- Stocks and contracts -€4.8m
down €4.8m (-57.2%), from €8.5m to €3.6m
- Receivables within one year -€797,015
down €797,015 (-43.6%), from €1.8m to €1.0m
of which Trade receivables: -€827,015
- Cash +€482,949
up €482,949 (+299.9%), from €161,063 to €644,012
- Short-term financial debts -€2.9m
down €2.9m (-99.5%), from €2.9m to €15,000
- Reserves -€1.6m
down €1.6m (-99.5%), from €1.6m to €7,437
of which Distributable reserves: -€1.6m
- Profit (loss) carried forward -€1.3m
new in 2025: -€1.3m
- Trade debts +€317,697
up €317,697 (+66.3%), from €479,254 to €796,951
- Other debts +€209,582
up €209,582 (+5.9%), from €3.6m to €3.8m
- Gross operating margin -€3.1m
down €3.1m, from €460,700 to -€2.7m
- Write-downs -€450,000
new in 2025: -€450,000
- Financial income -€138,558
down €138,558 (-52.5%), from €264,117 to €125,558
- Staff costs +€79,000
up €79,000 (+32.2%), from €245,313 to €324,313
- Financial charges -€33,146
down €33,146 (-6.8%), from €487,503 to €454,356
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,514,116 | €5,410,220 | -€5.1m | -48.5% |
| Fixed assets | 21/28 | €7,374 | €18,440 | +€11,066 | +150.1% |
| Intangible fixed assets | 21 | - | €3,094 | +€3,094 | |
| Tangible fixed assets | 22/27 | €7,374 | €15,346 | +€7,972 | +108.1% |
| Plant, machinery and equipment | 23 | - | €2,294 | +€2,294 | |
| Furniture and vehicles | 24 | €7,374 | €6,589 | -€786 | -10.7% |
| Other tangible fixed assets | 26 | - | €6,463 | +€6,463 | |
| Current assets | 29/58 | €10,506,741 | €5,391,780 | -€5.1m | -48.7% |
| Amounts receivable after more than one year | 29 | €2,080 | €2,080 | = | 0.0% |
| Other amounts receivable | 291 | €2,080 | €2,080 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,466,550 | €3,621,499 | -€4.8m | -57.2% |
| Stocks | 30/36 | €8,466,550 | €3,621,499 | -€4.8m | -57.2% |
| Amounts receivable within one year | 40/41 | €1,829,832 | €1,032,817 | -€797,015 | -43.6% |
| Trade receivables | 40 | €1,550,637 | €723,622 | -€827,015 | -53.3% |
| Other amounts receivable | 41 | €279,195 | €309,195 | +€30,000 | +10.7% |
| Cash at bank and in hand | 54/58 | €161,063 | €644,012 | +€482,949 | +299.9% |
| Deferred charges and accrued income | 490/1 | €47,216 | €91,372 | +€44,156 | +93.5% |
| Total equity and liabilities | 10/49 | €10,514,116 | €5,410,220 | -€5.1m | -48.5% |
| Equity | 10/15 | €1,670,944 | -€1,214,912 | -€2.9m | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,596,576 | €7,437 | -€1.6m | -99.5% |
| Non-distributable reserves | 130/1 | - | €7,437 | +€7,437 | |
| Reserves not available under the articles | 1311 | - | €7,437 | +€7,437 | |
| Distributable reserves | 133 | €1,596,576 | - | -€1.6m | |
| Profit (loss) carried forward | 14 | - | -€1,296,717 | -€1.3m | |
| Amounts payable | 17/49 | €8,843,171 | €6,625,132 | -€2.2m | -25.1% |
| Amounts payable after more than one year | 17 | €920,000 | €920,000 | = | 0.0% |
| Financial debts | 170/4 | €920,000 | €920,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,097,816 | €4,698,613 | -€2.4m | -33.8% |
| Financial debts | 43 | €2,865,579 | €15,000 | -€2.9m | -99.5% |
| Credit institutions | 430/8 | €2,865,579 | €15,000 | -€2.9m | -99.5% |
| Trade debts | 44 | €479,254 | €796,951 | +€317,697 | +66.3% |
| Suppliers | 440/4 | €479,254 | €796,951 | +€317,697 | +66.3% |
| Taxes, remuneration and social security | 45 | €200,335 | €124,432 | -€75,903 | -37.9% |
| Taxes | 450/3 | €170,770 | €90,720 | -€80,050 | -46.9% |
| Remuneration and social security | 454/9 | €29,565 | €33,712 | +€4,147 | +14.0% |
| Other amounts payable | 47/48 | €3,552,648 | €3,762,230 | +€209,582 | +5.9% |
| Accrued charges and deferred income | 492/3 | €825,355 | €1,006,519 | +€181,164 | +21.9% |
| Remuneration, social security and pensions | 62 | €245,313 | €324,313 | +€79,000 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €1,716 | +€1,235 | +256.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€450,000 | -€450,000 | |
| Other operating charges | 640/8 | €1,984 | €2,170 | +€185 | +9.3% |
| Gross operating margin | 9900 | €460,700 | -€2,678,354 | -€3.1m | |
| Operating profit (loss) | 9901 | €212,922 | -€2,556,553 | -€2.8m | |
| Financial income | 75/76B | €264,117 | €125,558 | -€138,558 | -52.5% |
| Recurring financial income | 75 | €264,117 | €125,558 | -€138,558 | -52.5% |
| Financial charges | 65/66B | €487,503 | €454,356 | -€33,146 | -6.8% |
| Recurring financial charges | 65 | €487,503 | €454,356 | -€33,146 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,464 | -€2,885,350 | -€2.9m | -27474.9% |
| Income taxes | 67/77 | €339 | €506 | +€167 | +49.4% |
| Profit (loss) for the period | 9904 | -€10,802 | -€2,885,856 | -€2.9m | -26615.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,802 | -€2,885,856 | -€2.9m | -26615.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.