WOESH: 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.
WOESH
Largest movements
- Tangible fixed assets -€65,355
down €65,355 (-11.2%), from €581,308 to €515,952
- Current assets -€35,843
down €35,843 (-24.4%), from €147,056 to €111,214
of which Cash: -€45,986
- Debts -€77,230
down €77,230 (-21.7%), from €355,754 to €278,524
of which Debts after one year: -€82,491
- Equity -€23,968
down €23,968 (-6.4%), from €372,610 to €348,642
of which Profit (loss) carried forward: -€86,695
- Staff costs +€231,979
new in 2024: €231,979
- Turnover -€129,560
no longer reported in 2024 (was €129,560)
- Gross operating margin +€31,514
up €31,514 (+14.5%), from €216,827 to €248,341
- Financial charges +€4,344
new in 2024: €4,344
- Depreciation -€2,563
down €2,563 (-15.8%), from €16,204 to €13,641
From the 2019 result to the 2024 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
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 | 2019 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,364 | €627,166 | -€101,198 | -13.9% |
| Fixed assets | 21/28 | €581,308 | €515,952 | -€65,355 | -11.2% |
| Tangible fixed assets | 22/27 | €581,308 | €515,952 | -€65,355 | -11.2% |
| Land and buildings | 22 | - | €506,372 | +€506,372 | |
| Plant, machinery and equipment | 23 | - | €9,580 | +€9,580 | |
| Current assets | 29/58 | €147,056 | €111,214 | -€35,843 | -24.4% |
| Amounts receivable within one year | 40/41 | €21,017 | €38,368 | +€17,351 | +82.6% |
| Trade receivables | 40 | - | €4,286 | +€4,286 | |
| Other amounts receivable | 41 | - | €34,081 | +€34,081 | |
| Cash at bank and in hand | 54/58 | €112,458 | €66,473 | -€45,986 | -40.9% |
| Deferred charges and accrued income | 490/1 | - | €6,373 | +€6,373 | |
| Total equity and liabilities | 10/49 | €728,364 | €627,166 | -€101,198 | -13.9% |
| Equity | 10/15 | €372,610 | €348,642 | -€23,968 | -6.4% |
| Reserves | 13 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €141,519 | €54,823 | -€86,695 | -61.3% |
| Investment grants | 15 | - | €193,818 | +€193,818 | |
| Amounts payable | 17/49 | €355,754 | €278,524 | -€77,230 | -21.7% |
| Amounts payable after more than one year | 17 | €221,801 | €139,310 | -€82,491 | -37.2% |
| Financial debts | 170/4 | - | €139,310 | +€139,310 | |
| Amounts payable within one year | 42/48 | €63,119 | €41,592 | -€21,527 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | - | €17,460 | +€17,460 | |
| Trade debts | 44 | €36,620 | €4,667 | -€31,952 | -87.3% |
| Suppliers | 440/4 | - | €4,667 | +€4,667 | |
| Taxes, remuneration and social security | 45 | - | €19,464 | +€19,464 | |
| Taxes | 450/3 | - | €3,127 | +€3,127 | |
| Remuneration and social security | 454/9 | - | €16,337 | +€16,337 | |
| Accrued charges and deferred income | 492/3 | - | €97,622 | +€97,622 | |
| Turnover | 70 | €129,560 | - | -€129,560 | |
| Non-recurring operating income | 76A | - | €402 | +€402 | |
| Remuneration, social security and pensions | 62 | - | €231,979 | +€231,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,204 | €13,641 | -€2,563 | -15.8% |
| Other operating charges | 640/8 | - | €832 | +€832 | |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €216,827 | €248,341 | +€31,514 | +14.5% |
| Operating profit (loss) | 9901 | -€23,004 | €1,876 | +€24,880 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,322% |
| Financial charges | 65/66B | - | €4,344 | +€4,344 | |
| Recurring financial charges | 65 | €6,245 | €4,344 | -€1,902 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,249 | -€2,464 | +€26,785 | +91.6% |
| Profit (loss) for the period | 9904 | -€17,323 | -€2,464 | +€14,860 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,323 | -€2,464 | +€14,860 | +85.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.