WOGETRA: 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.
WOGETRA
Largest movements
- Financial fixed assets -€440,000
down €440,000 (-100%), from €440,000 to €0
- Receivables within one year +€186,678
up €186,678 (+59.2%), from €315,231 to €501,909
of which Trade receivables: +€198,147
- Cash -€109,717
down €109,717 (-39.9%), from €275,122 to €165,406
mainly Other debts (-€345,326) and Receivables within one year (-€186,678)
- Other debts -€345,326
down €345,326 (-95.3%), from €362,489 to €17,163
- Profit (loss) carried forward +€142,290
up €142,290 (+196%), from €72,722 to €215,012
- Trade debts -€116,190
down €116,190 (-48.2%), from €241,027 to €124,837
- Debts after one year -€70,000
down €70,000 (-26.7%), from €262,500 to €192,500
- Reserves +€32,432
up €32,432 (+7.6%), from €426,982 to €459,414
of which Distributable reserves: +€32,432
- Gross operating margin +€381,685
up €381,685 (+41.0%), from €931,900 to €1.3m
- Staff costs +€158,114
up €158,114 (+29.2%), from €541,592 to €699,706
- Depreciation +€65,856
up €65,856 (+30.3%), from €217,221 to €283,076
- Taxes +€43,854
up €43,854 (+144%), from €30,452 to €74,306
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 | €1,801,732 | €1,440,027 | -€361,705 | -20.1% |
| Fixed assets | 21/28 | €1,211,310 | €772,713 | -€438,597 | -36.2% |
| Tangible fixed assets | 22/27 | €771,310 | €772,713 | +€1,403 | +0.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,673 | €524 | -€2,149 | -80.4% |
| Furniture and vehicles | 24 | €768,637 | €772,189 | +€3,552 | +0.5% |
| Financial fixed assets | 28 | €440,000 | €0 | -€440,000 | -100% |
| Current assets | 29/58 | €590,422 | €667,315 | +€76,892 | +13.0% |
| Amounts receivable within one year | 40/41 | €315,231 | €501,909 | +€186,678 | +59.2% |
| Trade receivables | 40 | €255,232 | €453,378 | +€198,147 | +77.6% |
| Other amounts receivable | 41 | €59,999 | €48,530 | -€11,469 | -19.1% |
| Cash at bank and in hand | 54/58 | €275,122 | €165,406 | -€109,717 | -39.9% |
| Deferred charges and accrued income | 490/1 | €69 | - | -€69 | |
| Total equity and liabilities | 10/49 | €1,801,732 | €1,440,027 | -€361,705 | -20.1% |
| Equity | 10/15 | €805,304 | €980,026 | +€174,723 | +21.7% |
| Contributions | 10/11 | €305,600 | €305,600 | = | 0.0% |
| Reserves | 13 | €426,982 | €459,414 | +€32,432 | +7.6% |
| Non-distributable reserves | 130/1 | €14,359 | €14,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,359 | €14,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,821 | €83,821 | = | 0.0% |
| Distributable reserves | 133 | €328,801 | €361,233 | +€32,432 | +9.9% |
| Profit (loss) carried forward | 14 | €72,722 | €215,012 | +€142,290 | +196% |
| Amounts payable | 17/49 | €996,429 | €460,001 | -€536,427 | -53.8% |
| Amounts payable after more than one year | 17 | €262,500 | €192,500 | -€70,000 | -26.7% |
| Financial debts | 170/4 | €262,500 | €192,500 | -€70,000 | -26.7% |
| Amounts payable within one year | 42/48 | €733,929 | €267,501 | -€466,427 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €241,027 | €124,837 | -€116,190 | -48.2% |
| Suppliers | 440/4 | €241,027 | €124,837 | -€116,190 | -48.2% |
| Taxes, remuneration and social security | 45 | €60,412 | €55,501 | -€4,911 | -8.1% |
| Remuneration and social security | 454/9 | €60,412 | €55,501 | -€4,911 | -8.1% |
| Other amounts payable | 47/48 | €362,489 | €17,163 | -€345,326 | -95.3% |
| Non-recurring operating income | 76A | €60,000 | €66,000 | +€6,000 | +10.0% |
| Remuneration, social security and pensions | 62 | €541,592 | €699,706 | +€158,114 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,221 | €283,076 | +€65,856 | +30.3% |
| Other operating charges | 640/8 | €14,049 | €22,518 | +€8,470 | +60.3% |
| Non-recurring operating charges | 66A | €42,603 | €5,283 | -€37,321 | -87.6% |
| Gross operating margin | 9900 | €931,900 | €1,313,585 | +€381,685 | +41.0% |
| Operating profit (loss) | 9901 | €116,435 | €303,002 | +€186,566 | +160% |
| Financial income | 75/76B | €278 | €54 | -€224 | -80.5% |
| Recurring financial income | 75 | €278 | €54 | -€224 | -80.5% |
| Financial charges | 65/66B | €18,083 | €13,738 | -€4,345 | -24.0% |
| Recurring financial charges | 65 | €18,083 | €13,738 | -€4,345 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €98,631 | €289,318 | +€190,687 | +193% |
| Income taxes | 67/77 | €30,452 | €74,306 | +€43,854 | +144% |
| Profit (loss) for the period | 9904 | €68,179 | €215,012 | +€146,833 | +215% |
| Transfer from tax-exempt reserves | 789 | €50,000 | - | -€50,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,179 | €215,012 | +€96,833 | +81.9% |
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 24 October 2026 via checked.be.