WOLDI: 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.
WOLDI
Largest movements
- Receivables within one year +€23,986
new in 2025: €23,986
- Cash +€22,977
up €22,977 (+17.4%), from €132,065 to €155,041
mainly Deferred charges and accrued income (+€15,998) and Trade debts (+€10,405)
- Deferred charges and accrued income -€15,998
down €15,998 (-63.6%), from €25,155 to €9,158
- Tangible fixed assets -€8,436
down €8,436 (-6.7%), from €125,568 to €117,133
of which Land and buildings: -€7,171
- Trade debts +€10,405
up €10,405 (+46.9%), from €22,187 to €32,593
- Gross operating margin -€7,866
down €7,866 (-23.6%), from €33,398 to €25,531
- Taxes -€6,654
down €6,654 (-74.2%), from €8,963 to €2,310
- Financial charges -€2,711
down €2,711 (-16.4%), from €16,512 to €13,801
- Financial income -€2,441
down €2,441 (-15.2%), from €16,095 to €13,654
- Other operating charges +€453
up €453 (+3.8%), from €11,866 to €12,319
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 | €713,889 | €737,166 | +€23,276 | +3.3% |
| Fixed assets | 21/28 | €216,480 | €208,045 | -€8,436 | -3.9% |
| Tangible fixed assets | 22/27 | €125,568 | €117,133 | -€8,436 | -6.7% |
| Land and buildings | 22 | €120,616 | €113,445 | -€7,171 | -5.9% |
| Plant, machinery and equipment | 23 | €4,952 | €3,688 | -€1,264 | -25.5% |
| Financial fixed assets | 28 | €90,912 | €90,912 | = | 0.0% |
| Current assets | 29/58 | €497,409 | €529,121 | +€31,712 | +6.4% |
| Amounts receivable within one year | 40/41 | - | €23,986 | +€23,986 | |
| Other amounts receivable | 41 | - | €23,986 | +€23,986 | |
| Current investments | 50/53 | €340,189 | €340,936 | +€747 | +0.2% |
| Cash at bank and in hand | 54/58 | €132,065 | €155,041 | +€22,977 | +17.4% |
| Deferred charges and accrued income | 490/1 | €25,155 | €9,158 | -€15,998 | -63.6% |
| Total equity and liabilities | 10/49 | €713,889 | €737,166 | +€23,276 | +3.3% |
| Equity | 10/15 | €486,268 | €488,588 | +€2,320 | +0.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €288,787 | €288,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €549 | €549 | = | 0.0% |
| Distributable reserves | 133 | €279,562 | €279,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,718 | €113,039 | +€2,320 | +2.1% |
| Amounts payable | 17/49 | €227,621 | €248,577 | +€20,956 | +9.2% |
| Amounts payable after more than one year | 17 | €106,000 | €106,000 | = | 0.0% |
| Other amounts payable | 178/9 | €106,000 | €106,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €118,156 | €132,062 | +€13,905 | +11.8% |
| Trade debts | 44 | €22,187 | €32,593 | +€10,405 | +46.9% |
| Suppliers | 440/4 | €22,187 | €32,593 | +€10,405 | +46.9% |
| Taxes, remuneration and social security | 45 | €1,113 | €3,342 | +€2,229 | +200.4% |
| Taxes | 450/3 | €1,113 | €3,342 | +€2,229 | +200.4% |
| Other amounts payable | 47/48 | €94,856 | €96,127 | +€1,271 | +1.3% |
| Accrued charges and deferred income | 492/3 | €3,465 | €10,515 | +€7,050 | +203.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €8,436 | = | 0.0% |
| Other operating charges | 640/8 | €11,866 | €12,319 | +€453 | +3.8% |
| Gross operating margin | 9900 | €33,398 | €25,531 | -€7,866 | -23.6% |
| Operating profit (loss) | 9901 | €13,096 | €4,777 | -€8,319 | -63.5% |
| Financial income | 75/76B | €16,095 | €13,654 | -€2,441 | -15.2% |
| Recurring financial income | 75 | €16,095 | €13,654 | -€2,441 | -15.2% |
| Financial charges | 65/66B | €16,512 | €13,801 | -€2,711 | -16.4% |
| Recurring financial charges | 65 | €16,512 | €13,801 | -€2,711 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €12,680 | €4,630 | -€8,050 | -63.5% |
| Income taxes | 67/77 | €8,963 | €2,310 | -€6,654 | -74.2% |
| Profit (loss) for the period | 9904 | €3,716 | €2,320 | -€1,396 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,716 | €2,320 | -€1,396 | -37.6% |
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 1 October 2026 via checked.be.