WOK WANG: what changed
Two fiscal 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.
WOK WANG
Largest movements
- Tangible fixed assets -€96,897
down €96,897 (-23.4%), from €413,482 to €316,585
- Cash -€5,797
down €5,797 (-5.4%), from €107,405 to €101,608
mainly Tax, wage and social debts (-€110,195) and Trade debts (-€61,172)
- Profit (loss) carried forward +€117,528
up €117,528, from -€5,508 to €112,020
- Tax, wage and social debts -€110,195
down €110,195 (-61.7%), from €178,625 to €68,430
of which Taxes: -€60,115
- Trade debts -€61,172
down €61,172 (-48.6%), from €125,880 to €64,708
- Debts after one year -€38,301
down €38,301 (-22.7%), from €168,414 to €130,113
- Other debts -€17,769
down €17,769 (-52.8%), from €33,675 to €15,906
- Gross operating margin +€254,950
up €254,950 (+72.3%), from €352,499 to €607,449
- Staff costs +€58,876
up €58,876 (+19.1%), from €308,459 to €367,335
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 | €557,581 | €449,938 | -€107,643 | -19.3% |
| Fixed assets | 21/28 | €435,482 | €338,585 | -€96,897 | -22.3% |
| Tangible fixed assets | 22/27 | €413,482 | €316,585 | -€96,897 | -23.4% |
| Land and buildings | 22 | €249,607 | €241,784 | -€7,823 | -3.1% |
| Plant, machinery and equipment | 23 | €83,105 | €59,397 | -€23,708 | -28.5% |
| Furniture and vehicles | 24 | €43,024 | €6 | -€43,018 | -100.0% |
| Other tangible fixed assets | 26 | €37,746 | €15,398 | -€22,348 | -59.2% |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €122,099 | €111,353 | -€10,746 | -8.8% |
| Stocks and contracts in progress | 3 | €8,838 | €8,287 | -€551 | -6.2% |
| Stocks | 30/36 | €8,838 | €8,287 | -€551 | -6.2% |
| Amounts receivable within one year | 40/41 | €5,856 | €1,458 | -€4,398 | -75.1% |
| Other amounts receivable | 41 | €5,856 | €1,458 | -€4,398 | -75.1% |
| Cash at bank and in hand | 54/58 | €107,405 | €101,608 | -€5,797 | -5.4% |
| Total equity and liabilities | 10/49 | €557,581 | €449,938 | -€107,643 | -19.3% |
| Equity | 10/15 | €14,952 | €132,480 | +€117,528 | +786.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,508 | €112,020 | +€117,528 | |
| Amounts payable | 17/49 | €542,629 | €317,458 | -€225,171 | -41.5% |
| Amounts payable after more than one year | 17 | €168,414 | €130,113 | -€38,301 | -22.7% |
| Financial debts | 170/4 | €168,414 | €130,113 | -€38,301 | -22.7% |
| Amounts payable within one year | 42/48 | €374,215 | €187,345 | -€186,870 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €36,035 | €38,301 | +€2,266 | +6.3% |
| Trade debts | 44 | €125,880 | €64,708 | -€61,172 | -48.6% |
| Suppliers | 440/4 | €125,880 | €64,708 | -€61,172 | -48.6% |
| Taxes, remuneration and social security | 45 | €178,625 | €68,430 | -€110,195 | -61.7% |
| Taxes | 450/3 | €84,188 | €24,073 | -€60,115 | -71.4% |
| Remuneration and social security | 454/9 | €94,437 | €44,357 | -€50,080 | -53.0% |
| Other amounts payable | 47/48 | €33,675 | €15,906 | -€17,769 | -52.8% |
| Remuneration, social security and pensions | 62 | €308,459 | €367,335 | +€58,876 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,670 | €96,897 | +€5,227 | +5.7% |
| Other operating charges | 640/8 | €7,770 | €10,714 | +€2,944 | +37.9% |
| Gross operating margin | 9900 | €352,499 | €607,449 | +€254,950 | +72.3% |
| Operating profit (loss) | 9901 | -€55,400 | €132,503 | +€187,903 | |
| Financial income | 75/76B | €406 | €43 | -€363 | -89.4% |
| Recurring financial income | 75 | €406 | €43 | -€363 | -89.4% |
| Financial charges | 65/66B | €14,808 | €15,018 | +€210 | +1.4% |
| Recurring financial charges | 65 | €14,808 | €15,018 | +€210 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€69,802 | €117,528 | +€187,330 | |
| Profit (loss) for the period | 9904 | -€69,802 | €117,528 | +€187,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,802 | €117,528 | +€187,330 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.