WOLUBO: 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.
WOLUBO
Largest movements
- Cash +€59,304
up €59,304 (+204.3%), from €29,029 to €88,332
mainly Other debts (+€182,458) and Net result for the year (+€100,974)
- Intangible fixed assets -€25,500
down €25,500 (-13.9%), from €183,670 to €158,170
- Tangible fixed assets -€21,145
down €21,145 (-4.6%), from €462,052 to €440,907
of which Other tangible fixed assets: -€12,648
- Receivables within one year +€19,185
up €19,185 (+18.7%), from €102,618 to €121,803
of which Other amounts receivable: +€19,185
- Other debts +€182,458
up €182,458 (+67.3%), from €270,977 to €453,435
- Debts after one year -€111,004
down €111,004 (-20.5%), from €542,597 to €431,592
- Tax, wage and social debts -€24,046
down €24,046 (-24.4%), from €98,560 to €74,514
- Reserves -€19,912
down €19,912 (-3.8%), from €517,200 to €497,288
- Taxes -€8,308
down €8,308 (-15.0%), from €55,564 to €47,256
- Depreciation -€7,175
down €7,175 (-11.7%), from €61,453 to €54,279
- Other operating charges -€6,399
down €6,399 (-86.5%), from €7,398 to €998
- Gross operating margin -€4,074
down €4,074 (-1.7%), from €240,366 to €236,291
- Financial charges -€2,660
down €2,660 (-7.5%), from €35,553 to €32,894
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 | €1,556,263 | €1,587,568 | +€31,304 | +2.0% |
| Fixed assets | 21/28 | €1,422,255 | €1,375,610 | -€46,645 | -3.3% |
| Intangible fixed assets | 21 | €183,670 | €158,170 | -€25,500 | -13.9% |
| Tangible fixed assets | 22/27 | €462,052 | €440,907 | -€21,145 | -4.6% |
| Land and buildings | 22 | €365,223 | €355,404 | -€9,818 | -2.7% |
| Plant, machinery and equipment | 23 | €1,723 | €1,318 | -€405 | -23.5% |
| Furniture and vehicles | 24 | €3,290 | €5,017 | +€1,727 | +52.5% |
| Other tangible fixed assets | 26 | €91,816 | €79,168 | -€12,648 | -13.8% |
| Financial fixed assets | 28 | €776,533 | €776,533 | = | 0.0% |
| Current assets | 29/58 | €134,008 | €211,957 | +€77,949 | +58.2% |
| Amounts receivable within one year | 40/41 | €102,618 | €121,803 | +€19,185 | +18.7% |
| Trade receivables | 40 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 41 | €84,618 | €103,803 | +€19,185 | +22.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,029 | €88,332 | +€59,304 | +204.3% |
| Deferred charges and accrued income | 490/1 | €2,361 | €1,822 | -€540 | -22.8% |
| Total equity and liabilities | 10/49 | €1,556,263 | €1,587,568 | +€31,304 | +2.0% |
| Equity | 10/15 | €532,523 | €512,611 | -€19,912 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €517,200 | €497,288 | -€19,912 | -3.8% |
| Distributable reserves | 133 | €517,200 | €497,288 | -€19,912 | -3.8% |
| Profit (loss) carried forward | 14 | €9,123 | €9,123 | = | 0.0% |
| Amounts payable | 17/49 | €1,023,740 | €1,074,956 | +€51,216 | +5.0% |
| Amounts payable after more than one year | 17 | €542,597 | €431,592 | -€111,004 | -20.5% |
| Financial debts | 170/4 | €542,597 | €431,592 | -€111,004 | -20.5% |
| Amounts payable within one year | 42/48 | €481,143 | €640,864 | +€159,721 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €108,794 | €111,005 | +€2,211 | +2.0% |
| Financial debts | 43 | - | €199 | +€199 | |
| Other loans | 439 | - | €199 | +€199 | |
| Trade debts | 44 | €2,812 | €1,711 | -€1,101 | -39.2% |
| Suppliers | 440/4 | €2,812 | €1,711 | -€1,101 | -39.2% |
| Taxes, remuneration and social security | 45 | €98,560 | €74,514 | -€24,046 | -24.4% |
| Taxes | 450/3 | €98,560 | €74,514 | -€24,046 | -24.4% |
| Other amounts payable | 47/48 | €270,977 | €453,435 | +€182,458 | +67.3% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,453 | €54,279 | -€7,175 | -11.7% |
| Other operating charges | 640/8 | €7,398 | €998 | -€6,399 | -86.5% |
| Gross operating margin | 9900 | €240,366 | €236,291 | -€4,074 | -1.7% |
| Operating profit (loss) | 9901 | €171,515 | €181,014 | +€9,499 | +5.5% |
| Financial income | 75/76B | €0 | €109 | +€109 | |
| Recurring financial income | 75 | €0 | €109 | +€109 | |
| Financial charges | 65/66B | €35,553 | €32,894 | -€2,660 | -7.5% |
| Recurring financial charges | 65 | €35,553 | €32,894 | -€2,660 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €135,961 | €148,229 | +€12,268 | +9.0% |
| Income taxes | 67/77 | €55,564 | €47,256 | -€8,308 | -15.0% |
| Profit (loss) for the period | 9904 | €80,397 | €100,974 | +€20,576 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,397 | €100,974 | +€20,576 | +25.6% |
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 10 October 2026 via checked.be.