WOLINDUS HOLDING: 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.
WOLINDUS HOLDING
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+76.7%), from €2.2m to €3.9m
of which Land and buildings: +€1.7m
- Cash +€1.6m
up €1.6m (+1,470%), from €110,629 to €1.7m
mainly Net result for the year (+€1.8m) and Current investments (+€676,545)
- Current investments -€676,545
down €676,545 (-39.0%), from €1.7m to €1.1m
- Financial fixed assets -€317,075
down €317,075 (-2.0%), from €16.3m to €15.9m
- Reserves +€1.8m
up €1.8m (+11.2%), from €16.3m to €18.1m
of which Tax-exempt reserves: +€1.6m
- Provisions +€521,149
up €521,149 (+312%), from €167,236 to €688,385
- Gross operating margin +€2.2m
up €2.2m, from -€9,372 to €2.2m
- Financial income +€470,717
up €470,717 (+181%), from €260,027 to €730,744
- Depreciation +€256,390
up €256,390 (+129%), from €199,405 to €455,794
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 | €20,311,027 | €22,621,060 | +€2.3m | +11.4% |
| Fixed assets | 21/28 | €18,445,784 | €19,808,246 | +€1.4m | +7.4% |
| Tangible fixed assets | 22/27 | €2,189,686 | €3,869,223 | +€1.7m | +76.7% |
| Land and buildings | 22 | €2,062,509 | €3,767,131 | +€1.7m | +82.6% |
| Furniture and vehicles | 24 | €127,178 | €102,092 | -€25,086 | -19.7% |
| Financial fixed assets | 28 | €16,256,098 | €15,939,023 | -€317,075 | -2.0% |
| Current assets | 29/58 | €1,865,243 | €2,812,814 | +€947,571 | +50.8% |
| Amounts receivable within one year | 40/41 | €18,210 | €16,252 | -€1,958 | -10.8% |
| Other amounts receivable | 41 | €18,210 | €16,252 | -€1,958 | -10.8% |
| Current investments | 50/53 | €1,736,404 | €1,059,859 | -€676,545 | -39.0% |
| Cash at bank and in hand | 54/58 | €110,629 | €1,736,703 | +€1.6m | +1,470% |
| Total equity and liabilities | 10/49 | €20,311,027 | €22,621,060 | +€2.3m | +11.4% |
| Equity | 10/15 | €20,082,127 | €21,903,195 | +€1.8m | +9.1% |
| Contributions | 10/11 | €3,717,850 | €3,717,850 | = | 0.0% |
| Capital | 10 | €3,717,850 | €3,717,850 | = | 0.0% |
| Issued capital | 100 | €3,717,850 | €3,717,850 | = | 0.0% |
| Reserves | 13 | €16,322,565 | €18,148,090 | +€1.8m | +11.2% |
| Non-distributable reserves | 130/1 | €371,785 | €371,785 | = | 0.0% |
| Legal reserve | 130 | €371,785 | €371,785 | = | 0.0% |
| Tax-exempt reserves | 132 | €515,919 | €2,083,822 | +€1.6m | +304% |
| Distributable reserves | 133 | €15,434,861 | €15,692,483 | +€257,622 | +1.7% |
| Investment grants | 15 | €41,712 | €37,255 | -€4,457 | -10.7% |
| Provisions and deferred taxes | 16 | €167,236 | €688,385 | +€521,149 | +312% |
| Deferred taxes | 168 | €167,236 | €688,385 | +€521,149 | +312% |
| Amounts payable | 17/49 | €61,664 | €29,480 | -€32,184 | -52.2% |
| Amounts payable within one year | 42/48 | €54,621 | €22,187 | -€32,434 | -59.4% |
| Trade debts | 44 | €25,483 | €8,902 | -€16,581 | -65.1% |
| Suppliers | 440/4 | €25,483 | €8,902 | -€16,581 | -65.1% |
| Taxes, remuneration and social security | 45 | €6,953 | €7,206 | +€253 | +3.6% |
| Remuneration and social security | 454/9 | €6,953 | €7,206 | +€253 | +3.6% |
| Other amounts payable | 47/48 | €22,185 | €6,080 | -€16,106 | -72.6% |
| Accrued charges and deferred income | 492/3 | €7,043 | €7,293 | +€250 | +3.5% |
| Non-recurring operating income | 76A | - | €2,204,909 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €42,572 | €44,113 | +€1,541 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,405 | €455,794 | +€256,390 | +129% |
| Other operating charges | 640/8 | €6,052 | €6,211 | +€159 | +2.6% |
| Non-recurring operating charges | 66A | €5,528 | - | -€5,528 | |
| Gross operating margin | 9900 | -€9,372 | €2,196,872 | +€2.2m | |
| Operating profit (loss) | 9901 | -€262,928 | €1,690,754 | +€2.0m | |
| Financial income | 75/76B | €260,027 | €730,744 | +€470,717 | +181% |
| Recurring financial income | 75 | €260,027 | €730,744 | +€470,717 | +181% |
| Financial charges | 65/66B | €26,606 | €22,354 | -€4,252 | -16.0% |
| Recurring financial charges | 65 | €9,075 | €22,354 | +€13,279 | +146% |
| Non-recurring financial charges | 66B | €17,531 | - | -€17,531 | |
| Profit (loss) for the period before taxes | 9903 | -€29,507 | €2,399,144 | +€2.4m | |
| Transfer from deferred taxes | 780 | €27,624 | €24,050 | -€3,574 | -12.9% |
| Transfer to deferred taxes | 680 | - | €545,199 | +€545,199 | |
| Income taxes | 67/77 | €45,160 | €52,471 | +€7,311 | +16.2% |
| Profit (loss) for the period | 9904 | -€47,043 | €1,825,525 | +€1.9m | |
| Transfer from tax-exempt reserves | 789 | €78,416 | €67,694 | -€10,722 | -13.7% |
| Transfer to tax-exempt reserves | 689 | - | €1,635,597 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €31,373 | €257,622 | +€226,249 | +721% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.