Wolco: 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.
Wolco
Largest movements
- Stocks and contracts -€63,567
down €63,567 (-12.2%), from €520,529 to €456,961
- Receivables within one year -€42,962
down €42,962 (-83.2%), from €51,625 to €8,663
of which Other amounts receivable: -€39,134
- Tangible fixed assets -€14,036
down €14,036 (-26.9%), from €52,211 to €38,175
of which Furniture and vehicles: -€11,160
- Cash +€7,174
up €7,174 (+19.9%), from €36,021 to €43,195
mainly Stocks and contracts (+€63,567) and Receivables within one year (+€42,962)
- Debts after one year -€78,000
down €78,000 (-54.3%), from €143,744 to €65,744
- Current portion of long-term debt -€29,451
down €29,451 (-100%), from €29,451 to €0
- Trade debts +€20,174
up €20,174 (+65.4%), from €30,845 to €51,020
- Tax, wage and social debts -€14,350
down €14,350 (-45.3%), from €31,655 to €17,305
of which Taxes: -€14,564
- Reserves -€8,758
down €8,758 (-4.4%), from €196,842 to €188,085
- Gross operating margin +€24,040
up €24,040 (+55.1%), from €43,610 to €67,651
- Write-downs +€14,783
up €14,783 (+83.1%), from -€17,796 to -€3,013
- Financial charges -€7,548
down €7,548 (-31.9%), from €23,649 to €16,100
- Staff costs +€4,189
up €4,189 (+8.1%), from €52,023 to €56,212
- Financial income +€1,042
up €1,042 (+55.5%), from €1,876 to €2,918
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 | €670,691 | €557,929 | -€112,761 | -16.8% |
| Fixed assets | 21/28 | €57,811 | €43,775 | -€14,036 | -24.3% |
| Tangible fixed assets | 22/27 | €52,211 | €38,175 | -€14,036 | -26.9% |
| Plant, machinery and equipment | 23 | €3,047 | €1,571 | -€1,476 | -48.4% |
| Furniture and vehicles | 24 | €40,724 | €29,564 | -€11,160 | -27.4% |
| Other tangible fixed assets | 26 | €8,440 | €7,040 | -€1,400 | -16.6% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €612,880 | €514,155 | -€98,725 | -16.1% |
| Stocks and contracts in progress | 3 | €520,529 | €456,961 | -€63,567 | -12.2% |
| Stocks | 30/36 | €520,529 | €456,961 | -€63,567 | -12.2% |
| Amounts receivable within one year | 40/41 | €51,625 | €8,663 | -€42,962 | -83.2% |
| Trade receivables | 40 | €11,856 | €8,027 | -€3,828 | -32.3% |
| Other amounts receivable | 41 | €39,770 | €636 | -€39,134 | -98.4% |
| Cash at bank and in hand | 54/58 | €36,021 | €43,195 | +€7,174 | +19.9% |
| Deferred charges and accrued income | 490/1 | €4,704 | €5,335 | +€631 | +13.4% |
| Total equity and liabilities | 10/49 | €670,691 | €557,929 | -€112,761 | -16.8% |
| Equity | 10/15 | €215,434 | €198,751 | -€16,684 | -7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €196,842 | €188,085 | -€8,758 | -4.4% |
| Distributable reserves | 133 | €196,842 | €188,085 | -€8,758 | -4.4% |
| Profit (loss) carried forward | 14 | - | -€7,926 | -€7,926 | |
| Amounts payable | 17/49 | €455,256 | €359,179 | -€96,077 | -21.1% |
| Amounts payable after more than one year | 17 | €143,744 | €65,744 | -€78,000 | -54.3% |
| Financial debts | 170/4 | €143,744 | €65,744 | -€78,000 | -54.3% |
| Amounts payable within one year | 42/48 | €305,770 | €289,717 | -€16,053 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €29,451 | €0 | -€29,451 | -100% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €30,845 | €51,020 | +€20,174 | +65.4% |
| Suppliers | 440/4 | €30,845 | €51,020 | +€20,174 | +65.4% |
| Advances received on contracts in progress | 46 | €592 | €0 | -€592 | -100% |
| Taxes, remuneration and social security | 45 | €31,655 | €17,305 | -€14,350 | -45.3% |
| Taxes | 450/3 | €24,128 | €9,564 | -€14,564 | -60.4% |
| Remuneration and social security | 454/9 | €7,527 | €7,741 | +€214 | +2.8% |
| Other amounts payable | 47/48 | €13,228 | €21,392 | +€8,165 | +61.7% |
| Accrued charges and deferred income | 492/3 | €5,742 | €3,718 | -€2,024 | -35.3% |
| Remuneration, social security and pensions | 62 | €52,023 | €56,212 | +€4,189 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,036 | €14,036 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,796 | -€3,013 | +€14,783 | +83.1% |
| Other operating charges | 640/8 | €3,575 | €3,654 | +€78 | +2.2% |
| Gross operating margin | 9900 | €43,610 | €67,651 | +€24,040 | +55.1% |
| Operating profit (loss) | 9901 | -€8,228 | -€3,238 | +€4,991 | +60.7% |
| Financial income | 75/76B | €1,876 | €2,918 | +€1,042 | +55.5% |
| Recurring financial income | 75 | €1,876 | €2,918 | +€1,042 | +55.5% |
| Financial charges | 65/66B | €23,649 | €16,100 | -€7,548 | -31.9% |
| Recurring financial charges | 65 | €23,649 | €16,100 | -€7,548 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,001 | -€16,420 | +€13,581 | +45.3% |
| Income taxes | 67/77 | €238 | €264 | +€26 | +11.1% |
| Profit (loss) for the period | 9904 | -€30,238 | -€16,684 | +€13,554 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,238 | -€16,684 | +€13,554 | +44.8% |
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 18 October 2026 via checked.be.