WOL: 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.
WOL
Largest movements
- Cash +€49,780
up €49,780 (+80.8%), from €61,615 to €111,395
mainly Net result for the year (+€35,353) and Current portion of long-term debt (+€31,519)
- Tangible fixed assets -€18,490
down €18,490 (-2.9%), from €630,364 to €611,874
- Debts after one year -€59,421
down €59,421 (-10.3%), from €575,000 to €515,579
- Profit (loss) carried forward +€35,353
up €35,353, from -€23,639 to €11,714
- Current portion of long-term debt +€31,519
new in 2025: €31,519
- Accrued charges and deferred income +€13,821
up €13,821 (+1096.9%), from €1,260 to €15,081
- Financial charges +€29,123
up €29,123 (+246.4%), from €11,820 to €40,943
- Gross operating margin +€6,174
up €6,174 (+6.3%), from €98,234 to €104,408
- Taxes +€6,000
new in 2025: €6,000
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 | €720,546 | €747,506 | +€26,960 | +3.7% |
| Fixed assets | 21/28 | €630,364 | €611,874 | -€18,490 | -2.9% |
| Tangible fixed assets | 22/27 | €630,364 | €611,874 | -€18,490 | -2.9% |
| Land and buildings | 22 | €630,364 | €611,874 | -€18,490 | -2.9% |
| Current assets | 29/58 | €90,182 | €135,632 | +€45,450 | +50.4% |
| Amounts receivable within one year | 40/41 | €22,663 | €22,528 | -€135 | -0.6% |
| Other amounts receivable | 41 | €22,663 | €22,528 | -€135 | -0.6% |
| Cash at bank and in hand | 54/58 | €61,615 | €111,395 | +€49,780 | +80.8% |
| Deferred charges and accrued income | 490/1 | €5,905 | €1,710 | -€4,195 | -71.0% |
| Total equity and liabilities | 10/49 | €720,546 | €747,506 | +€26,960 | +3.7% |
| Equity | 10/15 | €81,426 | €116,779 | +€35,353 | +43.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Outside capital | 11 | €90,000 | - | -€90,000 | |
| Other | 1109/19 | €90,000 | - | -€90,000 | |
| Reserves | 13 | €15,065 | €15,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,607 | €3,607 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,607 | €3,607 | = | 0.0% |
| Distributable reserves | 133 | €11,458 | €11,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,639 | €11,714 | +€35,353 | |
| Amounts payable | 17/49 | €639,120 | €630,727 | -€8,393 | -1.3% |
| Amounts payable after more than one year | 17 | €575,000 | €515,579 | -€59,421 | -10.3% |
| Financial debts | 170/4 | €575,000 | €515,579 | -€59,421 | -10.3% |
| Amounts payable within one year | 42/48 | €62,860 | €100,067 | +€37,207 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | - | €31,519 | +€31,519 | |
| Trade debts | 44 | €1,790 | €52 | -€1,738 | -97.1% |
| Suppliers | 440/4 | €1,790 | €52 | -€1,738 | -97.1% |
| Taxes, remuneration and social security | 45 | - | €6,000 | +€6,000 | |
| Taxes | 450/3 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €61,071 | €62,496 | +€1,426 | +2.3% |
| Accrued charges and deferred income | 492/3 | €1,260 | €15,081 | +€13,821 | +1096.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,898 | €18,490 | +€592 | +3.3% |
| Other operating charges | 640/8 | €3,511 | €3,621 | +€110 | +3.1% |
| Gross operating margin | 9900 | €98,234 | €104,408 | +€6,174 | +6.3% |
| Operating profit (loss) | 9901 | €76,825 | €82,296 | +€5,471 | +7.1% |
| Financial charges | 65/66B | €11,820 | €40,943 | +€29,123 | +246.4% |
| Recurring financial charges | 65 | €11,820 | €40,943 | +€29,123 | +246.4% |
| Profit (loss) for the period before taxes | 9903 | €65,005 | €41,353 | -€23,652 | -36.4% |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | €65,005 | €35,353 | -€29,652 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,005 | €35,353 | -€29,652 | -45.6% |
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 6 October 2026 via checked.be.