WOLINKA: 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.
WOLINKA
Largest movements
- Receivables within one year +€142,160
up €142,160 (+12.3%), from €1.2m to €1.3m
- Current investments -€83,361
down €83,361 (-40.0%), from €208,523 to €125,162
- Cash -€23,429
down €23,429 (-22.4%), from €104,624 to €81,195
mainly Receivables within one year (-€142,160) and Deferred charges and accrued income (-€5,759)
- Profit (loss) carried forward +€26,205
up €26,205 (+1.7%), from €1.5m to €1.5m
- Taxes -€411,792
down €411,792 (-97.7%), from €421,320 to €9,528
- Financial income +€6,030
up €6,030 (+13.2%), from €45,629 to €51,659
- Gross operating margin +€4,808
up €4,808 (+33.6%), from -€14,320 to -€9,512
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 | €2,204,263 | €2,240,878 | +€36,615 | +1.7% |
| Fixed assets | 21/28 | €394,446 | €389,932 | -€4,514 | -1.1% |
| Tangible fixed assets | 22/27 | €394,446 | €389,932 | -€4,514 | -1.1% |
| Land and buildings | 22 | €394,446 | €389,932 | -€4,514 | -1.1% |
| Current assets | 29/58 | €1,809,817 | €1,850,946 | +€41,129 | +2.3% |
| Stocks and contracts in progress | 3 | €294,211 | €294,211 | = | 0.0% |
| Stocks | 30/36 | €294,211 | €294,211 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,157,153 | €1,299,313 | +€142,160 | +12.3% |
| Other amounts receivable | 41 | €1,157,153 | €1,299,313 | +€142,160 | +12.3% |
| Current investments | 50/53 | €208,523 | €125,162 | -€83,361 | -40.0% |
| Cash at bank and in hand | 54/58 | €104,624 | €81,195 | -€23,429 | -22.4% |
| Deferred charges and accrued income | 490/1 | €45,306 | €51,065 | +€5,759 | +12.7% |
| Total equity and liabilities | 10/49 | €2,204,263 | €2,240,878 | +€36,615 | +1.7% |
| Equity | 10/15 | €1,764,880 | €1,791,085 | +€26,205 | +1.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €93,429 | €93,429 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €78,555 | €78,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,522,715 | €1,548,920 | +€26,205 | +1.7% |
| Amounts payable | 17/49 | €439,383 | €449,793 | +€10,410 | +2.4% |
| Amounts payable within one year | 42/48 | €439,383 | €449,793 | +€10,410 | +2.4% |
| Trade debts | 44 | €18,150 | €19,129 | +€979 | +5.4% |
| Suppliers | 440/4 | €18,150 | €19,129 | +€979 | +5.4% |
| Taxes, remuneration and social security | 45 | €421,233 | €430,664 | +€9,431 | +2.2% |
| Taxes | 450/3 | €421,233 | €430,664 | +€9,431 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,514 | €4,514 | = | 0.0% |
| Other operating charges | 640/8 | €1,814 | €1,870 | +€56 | +3.1% |
| Gross operating margin | 9900 | -€14,320 | -€9,512 | +€4,808 | +33.6% |
| Operating profit (loss) | 9901 | -€20,648 | -€15,896 | +€4,752 | +23.0% |
| Financial income | 75/76B | €45,629 | €51,659 | +€6,030 | +13.2% |
| Recurring financial income | 75 | €45,629 | €51,659 | +€6,030 | +13.2% |
| Financial charges | 65/66B | €28 | €30 | +€2 | +7.1% |
| Recurring financial charges | 65 | €28 | €30 | +€2 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €24,953 | €35,733 | +€10,780 | +43.2% |
| Transfer from deferred taxes | 780 | €380,303 | - | -€380,303 | |
| Income taxes | 67/77 | €421,320 | €9,528 | -€411,792 | -97.7% |
| Profit (loss) for the period | 9904 | -€16,064 | €26,205 | +€42,269 | |
| Transfer from tax-exempt reserves | 789 | €1,140,910 | - | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,124,846 | €26,205 | -€1.1m | -97.7% |
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 9 October 2026 via checked.be.