WOLOW: 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.
WOLOW
Largest movements
- Tangible fixed assets +€669,251
up €669,251 (+35.1%), from €1.9m to €2.6m
- Cash +€44,815
up €44,815 (+282%), from €15,894 to €60,709
- Debts after one year +€593,293
up €593,293 (+47.2%), from €1.3m to €1.9m
- Reserves +€120,181
up €120,181 (+26.9%), from €446,108 to €566,289
- Other debts -€38,871
down €38,871 (-59.6%), from €65,252 to €26,381
- Trade debts +€30,494
up €30,494 (+104%), from €29,386 to €59,880
- Staff costs -€274,893
down €274,893 (-59.3%), from €463,882 to €188,988
- Gross operating margin -€111,637
down €111,637 (-18.4%), from €605,529 to €493,892
- Other operating charges -€83,892
down €83,892 (-77.0%), from €108,985 to €25,093
- Financial charges +€73,973
up €73,973 (+470%), from €15,729 to €89,702
- Financial income +€54,928
up €54,928 (+116,768%), from €47 to €54,975
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,222,824 | €2,921,923 | +€699,099 | +31.5% |
| Fixed assets | 21/28 | €2,158,002 | €2,827,254 | +€669,251 | +31.0% |
| Tangible fixed assets | 22/27 | €1,908,002 | €2,577,254 | +€669,251 | +35.1% |
| Land and buildings | 22 | €1,908,002 | €2,577,254 | +€669,251 | +35.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €64,821 | €94,669 | +€29,848 | +46.0% |
| Amounts receivable within one year | 40/41 | €31,510 | €28,479 | -€3,031 | -9.6% |
| Trade receivables | 40 | €14,999 | €26,969 | +€11,969 | +79.8% |
| Other amounts receivable | 41 | €16,511 | €1,511 | -€15,000 | -90.8% |
| Cash at bank and in hand | 54/58 | €15,894 | €60,709 | +€44,815 | +282% |
| Deferred charges and accrued income | 490/1 | €17,417 | €5,480 | -€11,937 | -68.5% |
| Total equity and liabilities | 10/49 | €2,222,824 | €2,921,923 | +€699,099 | +31.5% |
| Equity | 10/15 | €797,873 | €918,054 | +€120,181 | +15.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €446,108 | €566,289 | +€120,181 | +26.9% |
| Distributable reserves | 133 | €446,108 | €566,289 | +€120,181 | +26.9% |
| Profit (loss) carried forward | 14 | €51,765 | €51,765 | = | 0.0% |
| Amounts payable | 17/49 | €1,424,951 | €2,003,869 | +€578,918 | +40.6% |
| Amounts payable after more than one year | 17 | €1,257,124 | €1,850,417 | +€593,293 | +47.2% |
| Financial debts | 170/4 | €1,257,124 | €1,850,417 | +€593,293 | +47.2% |
| Amounts payable within one year | 42/48 | €167,827 | €153,451 | -€14,376 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €54,842 | €56,173 | +€1,331 | +2.4% |
| Trade debts | 44 | €29,386 | €59,880 | +€30,494 | +104% |
| Suppliers | 440/4 | €29,386 | €59,880 | +€30,494 | +104% |
| Taxes, remuneration and social security | 45 | €18,347 | €11,018 | -€7,329 | -39.9% |
| Taxes | 450/3 | €255 | €11,018 | +€10,763 | +4,216% |
| Remuneration and social security | 454/9 | €18,092 | - | -€18,092 | |
| Other amounts payable | 47/48 | €65,252 | €26,381 | -€38,871 | -59.6% |
| Non-recurring operating income | 76A | - | €178,822 | +€178,822 | |
| Remuneration, social security and pensions | 62 | €463,882 | €188,988 | -€274,893 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,734 | €112,884 | +€21,149 | +23.1% |
| Other operating charges | 640/8 | €108,985 | €25,093 | -€83,892 | -77.0% |
| Gross operating margin | 9900 | €605,529 | €493,892 | -€111,637 | -18.4% |
| Operating profit (loss) | 9901 | -€59,072 | €166,927 | +€225,999 | |
| Financial income | 75/76B | €47 | €54,975 | +€54,928 | +116,768% |
| Recurring financial income | 75 | €47 | €54,975 | +€54,928 | +116,768% |
| Financial charges | 65/66B | €15,729 | €89,702 | +€73,973 | +470% |
| Recurring financial charges | 65 | €15,729 | €89,702 | +€73,973 | +470% |
| Profit (loss) for the period before taxes | 9903 | -€74,754 | €132,199 | +€206,954 | |
| Transfer from deferred taxes | 780 | €4,214 | - | -€4,214 | |
| Income taxes | 67/77 | -€2,156 | €12,018 | +€14,175 | |
| Profit (loss) for the period | 9904 | -€68,383 | €120,181 | +€188,565 | |
| Transfer from tax-exempt reserves | 789 | €12,643 | - | -€12,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,740 | €120,181 | +€175,922 |
Source: filed annual accounts (NBB), financial years ended 30 September 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.