WOLU MASTER CAR: 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.
WOLU MASTER CAR
Largest movements
- Stocks and contracts -€40,987
down €40,987 (-76.7%), from €53,429 to €12,443
- Cash +€28,775
up €28,775 (+33.8%), from €85,208 to €113,982
mainly Stocks and contracts (+€40,987) and Net result for the year (+€25,004)
- Tangible fixed assets +€22,820
up €22,820 (+81.5%), from €28,007 to €50,827
of which Plant, machinery and equipment: +€15,264
- Receivables within one year +€19,344
up €19,344 (+192%), from €10,099 to €29,444
of which Trade receivables: +€19,055
- Reserves +€25,004
up €25,004 (+76.7%), from €32,583 to €57,587
of which Distributable reserves: +€25,004
- Tax, wage and social debts +€12,625
up €12,625 (+41.7%), from €30,298 to €42,923
of which Taxes: +€7,752
- Other debts -€5,087
down €5,087 (-99.0%), from €5,141 to €54
- Trade debts -€3,001
down €3,001 (-15.5%), from €19,349 to €16,348
- Gross operating margin +€27,260
up €27,260 (+27.0%), from €100,864 to €128,124
- Staff costs +€26,455
up €26,455 (+54.6%), from €48,474 to €74,929
- Depreciation +€3,543
up €3,543 (+64.9%), from €5,460 to €9,003
- Taxes -€2,400
down €2,400 (-19.8%), from €12,111 to €9,711
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 | €177,802 | €207,343 | +€29,542 | +16.6% |
| Fixed assets | 21/28 | €28,017 | €50,837 | +€22,820 | +81.4% |
| Tangible fixed assets | 22/27 | €28,007 | €50,827 | +€22,820 | +81.5% |
| Land and buildings | 22 | €18,964 | €15,617 | -€3,347 | -17.6% |
| Plant, machinery and equipment | 23 | €5,099 | €20,363 | +€15,264 | +299% |
| Furniture and vehicles | 24 | €3,944 | €14,846 | +€10,902 | +276% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €149,784 | €156,506 | +€6,722 | +4.5% |
| Stocks and contracts in progress | 3 | €53,429 | €12,443 | -€40,987 | -76.7% |
| Stocks | 30/36 | €53,429 | €12,443 | -€40,987 | -76.7% |
| Amounts receivable within one year | 40/41 | €10,099 | €29,444 | +€19,344 | +192% |
| Trade receivables | 40 | €10,099 | €29,154 | +€19,055 | +189% |
| Other amounts receivable | 41 | - | €289 | +€289 | |
| Cash at bank and in hand | 54/58 | €85,208 | €113,982 | +€28,775 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,048 | €638 | -€410 | -39.1% |
| Total equity and liabilities | 10/49 | €177,802 | €207,343 | +€29,542 | +16.6% |
| Equity | 10/15 | €123,013 | €148,018 | +€25,004 | +20.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €32,583 | €57,587 | +€25,004 | +76.7% |
| Tax-exempt reserves | 132 | €2,635 | €2,635 | = | 0.0% |
| Distributable reserves | 133 | €29,947 | €54,952 | +€25,004 | +83.5% |
| Profit (loss) carried forward | 14 | €69,980 | €69,980 | = | 0.0% |
| Amounts payable | 17/49 | €54,788 | €59,326 | +€4,538 | +8.3% |
| Amounts payable within one year | 42/48 | €54,788 | €59,326 | +€4,538 | +8.3% |
| Trade debts | 44 | €19,349 | €16,348 | -€3,001 | -15.5% |
| Suppliers | 440/4 | €19,349 | €16,348 | -€3,001 | -15.5% |
| Taxes, remuneration and social security | 45 | €30,298 | €42,923 | +€12,625 | +41.7% |
| Taxes | 450/3 | €26,474 | €34,226 | +€7,752 | +29.3% |
| Remuneration and social security | 454/9 | €3,824 | €8,698 | +€4,874 | +127% |
| Other amounts payable | 47/48 | €5,141 | €54 | -€5,087 | -99.0% |
| Remuneration, social security and pensions | 62 | €48,474 | €74,929 | +€26,455 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,460 | €9,003 | +€3,543 | +64.9% |
| Other operating charges | 640/8 | €3,723 | €4,398 | +€675 | +18.1% |
| Non-recurring operating charges | 66A | - | €3,943 | +€3,943 | |
| Gross operating margin | 9900 | €100,864 | €128,124 | +€27,260 | +27.0% |
| Operating profit (loss) | 9901 | €43,207 | €35,850 | -€7,357 | -17.0% |
| Financial income | 75/76B | €90 | €0 | -€90 | -99.5% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -99.5% |
| Financial charges | 65/66B | €1,240 | €1,136 | -€104 | -8.4% |
| Recurring financial charges | 65 | €1,240 | €1,136 | -€104 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €42,058 | €34,715 | -€7,343 | -17.5% |
| Income taxes | 67/77 | €12,111 | €9,711 | -€2,400 | -19.8% |
| Profit (loss) for the period | 9904 | €29,947 | €25,004 | -€4,943 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,947 | €25,004 | -€4,943 | -16.5% |
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 30 October 2026 via checked.be.