WOLPUT BENOIT: 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.
WOLPUT BENOIT
Largest movements
- Cash -€51,461
down €51,461 (-81.4%), from €63,204 to €11,742
mainly Tax, wage and social debts (-€72,747) and Receivables within one year (-€16,060)
- Stocks and contracts -€28,024
down €28,024 (-74.6%), from €37,557 to €9,533
of which Contracts in progress: -€24,772
- Tangible fixed assets -€22,862
down €22,862 (-35.2%), from €64,908 to €42,046
of which Furniture and vehicles: -€20,989
- Receivables within one year +€16,060
up €16,060 (+13.1%), from €123,030 to €139,090
of which Other amounts receivable: +€18,453
- Deferred charges and accrued income -€6,926
down €6,926 (-77.6%), from €8,931 to €2,005
- Tax, wage and social debts -€72,747
down €72,747 (-79.1%), from €92,023 to €19,276
of which Taxes: -€67,787
- Debts after one year -€10,923
down €10,923 (-42.1%), from €25,968 to €15,045
- Current portion of long-term debt -€7,307
down €7,307 (-40.1%), from €18,230 to €10,923
- Reserves +€6,316
up €6,316 (+6.9%), from €91,248 to €97,564
- Trade debts -€5,512
down €5,512 (-12.1%), from €45,563 to €40,051
- Gross operating margin -€33,883
down €33,883 (-20.7%), from €163,902 to €130,019
- Staff costs -€16,330
down €16,330 (-16.9%), from €96,374 to €80,045
- Financial charges -€8,120
down €8,120 (-66.1%), from €12,290 to €4,170
- Taxes -€2,409
down €2,409 (-20.9%), from €11,508 to €9,098
- Other operating charges +€2,287
up €2,287 (+61.1%), from €3,742 to €6,029
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 | €298,703 | €204,988 | -€93,714 | -31.4% |
| Fixed assets | 21/28 | €65,533 | €42,171 | -€23,362 | -35.6% |
| Intangible fixed assets | 21 | €625 | €125 | -€500 | -80.0% |
| Tangible fixed assets | 22/27 | €64,908 | €42,046 | -€22,862 | -35.2% |
| Land and buildings | 22 | €12,196 | €9,229 | -€2,967 | -24.3% |
| Plant, machinery and equipment | 23 | €3,428 | €4,523 | +€1,095 | +31.9% |
| Furniture and vehicles | 24 | €49,285 | €28,295 | -€20,989 | -42.6% |
| Current assets | 29/58 | €233,170 | €162,817 | -€70,353 | -30.2% |
| Stocks and contracts in progress | 3 | €37,557 | €9,533 | -€28,024 | -74.6% |
| Stocks | 30/36 | €12,785 | €9,533 | -€3,253 | -25.4% |
| Contracts in progress | 37 | €24,772 | €0 | -€24,772 | -100% |
| Amounts receivable within one year | 40/41 | €123,030 | €139,090 | +€16,060 | +13.1% |
| Trade receivables | 40 | €42,274 | €39,881 | -€2,393 | -5.7% |
| Other amounts receivable | 41 | €80,756 | €99,209 | +€18,453 | +22.9% |
| Current investments | 50/53 | €448 | €448 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,204 | €11,742 | -€51,461 | -81.4% |
| Deferred charges and accrued income | 490/1 | €8,931 | €2,005 | -€6,926 | -77.6% |
| Total equity and liabilities | 10/49 | €298,703 | €204,988 | -€93,714 | -31.4% |
| Equity | 10/15 | €109,848 | €116,164 | +€6,316 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,248 | €97,564 | +€6,316 | +6.9% |
| Distributable reserves | 133 | €91,248 | €97,564 | +€6,316 | +6.9% |
| Amounts payable | 17/49 | €188,854 | €88,824 | -€100,030 | -53.0% |
| Amounts payable after more than one year | 17 | €25,968 | €15,045 | -€10,923 | -42.1% |
| Financial debts | 170/4 | €25,968 | €15,045 | -€10,923 | -42.1% |
| Amounts payable within one year | 42/48 | €162,886 | €73,779 | -€89,107 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €18,230 | €10,923 | -€7,307 | -40.1% |
| Financial debts | 43 | €7,070 | €3,529 | -€3,541 | -50.1% |
| Credit institutions | 430/8 | €7,070 | €3,529 | -€3,541 | -50.1% |
| Trade debts | 44 | €45,563 | €40,051 | -€5,512 | -12.1% |
| Suppliers | 440/4 | €45,563 | €40,051 | -€5,512 | -12.1% |
| Taxes, remuneration and social security | 45 | €92,023 | €19,276 | -€72,747 | -79.1% |
| Taxes | 450/3 | €78,322 | €10,535 | -€67,787 | -86.5% |
| Remuneration and social security | 454/9 | €13,701 | €8,740 | -€4,960 | -36.2% |
| Remuneration, social security and pensions | 62 | €96,374 | €80,045 | -€16,330 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,427 | €25,057 | -€370 | -1.5% |
| Other operating charges | 640/8 | €3,742 | €6,029 | +€2,287 | +61.1% |
| Gross operating margin | 9900 | €163,902 | €130,019 | -€33,883 | -20.7% |
| Operating profit (loss) | 9901 | €38,359 | €18,889 | -€19,470 | -50.8% |
| Financial income | 75/76B | €459 | €696 | +€237 | +51.8% |
| Recurring financial income | 75 | €459 | €696 | +€237 | +51.8% |
| Financial charges | 65/66B | €12,290 | €4,170 | -€8,120 | -66.1% |
| Recurring financial charges | 65 | €12,290 | €4,170 | -€8,120 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €26,527 | €15,414 | -€11,113 | -41.9% |
| Income taxes | 67/77 | €11,508 | €9,098 | -€2,409 | -20.9% |
| Profit (loss) for the period | 9904 | €15,019 | €6,316 | -€8,703 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,019 | €6,316 | -€8,703 | -57.9% |
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 25 October 2026 via checked.be.