WOFINAK: 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.
WOFINAK
Largest movements
- Tangible fixed assets -€34,175
down €34,175 (-5.4%), from €627,111 to €592,936
of which Land and buildings: -€33,102
- Receivables within one year +€12,564
up €12,564 (+133%), from €9,422 to €21,987
of which Other amounts receivable: +€11,314
- Debts after one year -€36,191
down €36,191 (-6.9%), from €521,422 to €485,232
- Taxes +€3,947
up €3,947 (+53.9%), from €7,317 to €11,264
- Other operating charges -€3,657
down €3,657 (-57.8%), from €6,323 to €2,666
- Gross operating margin +€1,488
up €1,488 (+1.7%), from €85,052 to €86,540
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 | €653,820 | €632,893 | -€20,927 | -3.2% |
| Fixed assets | 21/28 | €627,111 | €592,936 | -€34,175 | -5.4% |
| Tangible fixed assets | 22/27 | €627,111 | €592,936 | -€34,175 | -5.4% |
| Land and buildings | 22 | €622,352 | €589,250 | -€33,102 | -5.3% |
| Plant, machinery and equipment | 23 | €1,075 | €789 | -€285 | -26.5% |
| Furniture and vehicles | 24 | €3,684 | €2,897 | -€787 | -21.4% |
| Current assets | 29/58 | €26,709 | €39,957 | +€13,248 | +49.6% |
| Amounts receivable within one year | 40/41 | €9,422 | €21,987 | +€12,564 | +133% |
| Trade receivables | 40 | - | €1,250 | +€1,250 | |
| Other amounts receivable | 41 | €9,422 | €20,737 | +€11,314 | +120% |
| Cash at bank and in hand | 54/58 | €121 | €4,777 | +€4,656 | +3,855% |
| Deferred charges and accrued income | 490/1 | €17,166 | €13,193 | -€3,972 | -23.1% |
| Total equity and liabilities | 10/49 | €653,820 | €632,893 | -€20,927 | -3.2% |
| Equity | 10/15 | €56,872 | €56,872 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,272 | €38,272 | = | 0.0% |
| Distributable reserves | 133 | €38,272 | €38,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €596,948 | €576,021 | -€20,927 | -3.5% |
| Amounts payable after more than one year | 17 | €521,422 | €485,232 | -€36,191 | -6.9% |
| Financial debts | 170/4 | €521,422 | €485,232 | -€36,191 | -6.9% |
| Amounts payable within one year | 42/48 | €75,526 | €90,790 | +€15,264 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €55,073 | €59,191 | +€4,118 | +7.5% |
| Trade debts | 44 | €3,136 | €1,336 | -€1,800 | -57.4% |
| Suppliers | 440/4 | €3,136 | €1,336 | -€1,800 | -57.4% |
| Taxes, remuneration and social security | 45 | €2,317 | €8,742 | +€6,425 | +277% |
| Taxes | 450/3 | €2,317 | €8,742 | +€6,425 | +277% |
| Other amounts payable | 47/48 | €15,000 | €21,521 | +€6,521 | +43.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,948 | €34,175 | -€773 | -2.2% |
| Other operating charges | 640/8 | €6,323 | €2,666 | -€3,657 | -57.8% |
| Non-recurring operating charges | 66A | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | €85,052 | €86,540 | +€1,488 | +1.7% |
| Operating profit (loss) | 9901 | €43,701 | €49,619 | +€5,918 | +13.5% |
| Financial income | 75/76B | €1,002 | €1,057 | +€55 | +5.5% |
| Recurring financial income | 75 | €1,002 | €1,057 | +€55 | +5.5% |
| Financial charges | 65/66B | €17,184 | €17,891 | +€708 | +4.1% |
| Recurring financial charges | 65 | €17,184 | €17,891 | +€708 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €27,520 | €32,785 | +€5,265 | +19.1% |
| Income taxes | 67/77 | €7,317 | €11,264 | +€3,947 | +53.9% |
| Profit (loss) for the period | 9904 | €20,203 | €21,521 | +€1,318 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,203 | €21,521 | +€1,318 | +6.5% |
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 23 October 2026 via checked.be.