WOEPICONSTRUCT: 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.
WOEPICONSTRUCT
Largest movements
- Receivables within one year +€67,550
up €67,550 (+281.2%), from €24,019 to €91,569
- Stocks and contracts +€64,735
new in 2025: €64,735
- Trade debts +€173,504
up €173,504 (+8609.8%), from €2,015 to €175,519
- Reserves +€120,688
up €120,688 (+11.4%), from €1.1m to €1.2m
of which Distributable reserves: +€120,688
- Other debts -€87,678
down €87,678 (-12.2%), from €717,678 to €630,000
- Debts after one year -€62,500
down €62,500 (-25.0%), from €250,000 to €187,500
- Financial income -€24,740
down €24,740 (-14.1%), from €175,639 to €150,899
- Gross operating margin -€10,522
down €10,522 (-67.4%), from €15,608 to €5,086
- Financial charges -€3,843
down €3,843 (-20.1%), from €19,130 to €15,287
- Depreciation -€3,774
down €3,774 (-38.3%), from €9,855 to €6,082
- Taxes -€2,214
down €2,214 (-15.1%), from €14,688 to €12,474
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 | €2,187,914 | €2,330,346 | +€142,432 | +6.5% |
| Fixed assets | 21/28 | €2,158,516 | €2,152,435 | -€6,082 | -0.3% |
| Tangible fixed assets | 22/27 | €9,582 | €3,500 | -€6,082 | -63.5% |
| Furniture and vehicles | 24 | €9,582 | €3,500 | -€6,082 | -63.5% |
| Financial fixed assets | 28 | €2,148,935 | €2,148,935 | = | 0.0% |
| Current assets | 29/58 | €29,397 | €177,911 | +€148,514 | +505.2% |
| Stocks and contracts in progress | 3 | - | €64,735 | +€64,735 | |
| Stocks | 30/36 | - | €64,735 | +€64,735 | |
| Amounts receivable within one year | 40/41 | €24,019 | €91,569 | +€67,550 | +281.2% |
| Other amounts receivable | 41 | €24,019 | €91,569 | +€67,550 | +281.2% |
| Cash at bank and in hand | 54/58 | €4,478 | €20,664 | +€16,186 | +361.4% |
| Deferred charges and accrued income | 490/1 | €900 | €943 | +€43 | +4.8% |
| Total equity and liabilities | 10/49 | €2,187,914 | €2,330,346 | +€142,432 | +6.5% |
| Equity | 10/15 | €1,112,056 | €1,232,744 | +€120,688 | +10.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,062,056 | €1,182,744 | +€120,688 | +11.4% |
| Tax-exempt reserves | 132 | €6,574 | €6,574 | = | 0.0% |
| Distributable reserves | 133 | €1,055,482 | €1,176,170 | +€120,688 | +11.4% |
| Amounts payable | 17/49 | €1,075,858 | €1,097,602 | +€21,744 | +2.0% |
| Amounts payable after more than one year | 17 | €250,000 | €187,500 | -€62,500 | -25.0% |
| Financial debts | 170/4 | €250,000 | €187,500 | -€62,500 | -25.0% |
| Amounts payable within one year | 42/48 | €802,514 | €898,362 | +€95,848 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €62,500 | €62,500 | = | 0.0% |
| Trade debts | 44 | €2,015 | €175,519 | +€173,504 | +8609.8% |
| Suppliers | 440/4 | €2,015 | €175,519 | +€173,504 | +8609.8% |
| Taxes, remuneration and social security | 45 | €20,320 | €30,343 | +€10,022 | +49.3% |
| Taxes | 450/3 | €20,320 | €30,343 | +€10,022 | +49.3% |
| Other amounts payable | 47/48 | €717,678 | €630,000 | -€87,678 | -12.2% |
| Accrued charges and deferred income | 492/3 | €23,344 | €11,740 | -€11,604 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,855 | €6,082 | -€3,774 | -38.3% |
| Other operating charges | 640/8 | €1,435 | €1,453 | +€19 | +1.3% |
| Gross operating margin | 9900 | €15,608 | €5,086 | -€10,522 | -67.4% |
| Operating profit (loss) | 9901 | €4,318 | -€2,449 | -€6,767 | |
| Financial income | 75/76B | €175,639 | €150,899 | -€24,740 | -14.1% |
| Recurring financial income | 75 | €175,639 | €150,899 | -€24,740 | -14.1% |
| Financial charges | 65/66B | €19,130 | €15,287 | -€3,843 | -20.1% |
| Recurring financial charges | 65 | €19,130 | €15,287 | -€3,843 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €160,826 | €133,162 | -€27,664 | -17.2% |
| Income taxes | 67/77 | €14,688 | €12,474 | -€2,214 | -15.1% |
| Profit (loss) for the period | 9904 | €146,138 | €120,688 | -€25,451 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €146,138 | €120,688 | -€25,451 | -17.4% |
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 11 October 2026 via checked.be.