WOLUTEC: what changed
Two fiscal 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.
What changed
WOLUTEC
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€110,673
2023 · -€77,326-€33,347
Equity
€1.3m
2023 · €1.4m-€110,673
Cash
€276
2023 · €9,705-€9,428
Balance sheet total
€2.8m
2023 · €3.1m-€233,079
Largest movements
Assets
- Deferred charges and accrued income -€164,657
no longer reported in 2024 (was €164,657)
- Tangible fixed assets -€60,889
down €60,889 (-2.7%), from €2.2m to €2.2m
of which Land and buildings: -€51,851
Equity and liabilities
- Accrued charges and deferred income +€345,295
up €345,295 (+8527.2%), from €4,049 to €349,344
- Short-term financial debts -€343,269
down €343,269 (-56.0%), from €613,269 to €270,000
- Profit (loss) carried forward -€103,886
down €103,886, from €103,416 to -€470
- Tax, wage and social debts -€73,561
down €73,561 (-70.2%), from €104,754 to €31,193
- Current portion of long-term debt -€45,339
no longer reported in 2024 (was €45,339)
Income statement
- Purchases and services +€107,005
new in 2024: €107,005
- Gross operating margin -€96,420
down €96,420 (-97.0%), from €99,414 to €2,994
- Depreciation -€59,954
down €59,954 (-49.6%), from €120,843 to €60,889
- Financial charges -€48,213
down €48,213 (-52.4%), from €91,978 to €43,765
- Financial income -€34,869
no longer reported in 2024 (was €34,869)
of which Non-recurring financial income: -€23,141
From the 2023 result to the 2024 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.
Result 2023
-€77,326
Gross operating margin
-€96,420
Staff costs
+€3,326
Depreciation
+€59,954
Other operating charges
+€3,941
Financial income
-€34,869
Financial charges
+€48,213
Taxes
+€33,754
Deferred taxes and other
-€51,247
Result 2024
-€110,673
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€379,180
Investment
€0
Financing
-€388,609
Cash 2023
€9,705
From operations (derived)
+€379,180
Net result for the year
-€110,673
Depreciation
+€60,889
Receivables within one year
-€1,896
Deferred charges and accrued income
+€164,657
Provisions
-€2,262
Trade debts
-€3,269
Tax, wage and social debts
-€73,561
Other debts
+€0
Accrued charges and deferred income
+€345,295
Financing
-€388,609
Current portion of long-term debt
-€45,339
Short-term financial debts
-€343,269
Cash 2024
€276
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,052,627 | €2,819,548 | -€233,079 | -7.6% |
| Fixed assets | 21/28 | €2,500,239 | €2,439,350 | -€60,889 | -2.4% |
| Tangible fixed assets | 22/27 | €2,244,673 | €2,183,783 | -€60,889 | -2.7% |
| Land and buildings | 22 | €2,218,870 | €2,167,019 | -€51,851 | -2.3% |
| Plant, machinery and equipment | 23 | €2,858 | €2,099 | -€758 | -26.5% |
| Furniture and vehicles | 24 | €22,945 | €14,665 | -€8,280 | -36.1% |
| Financial fixed assets | 28 | €255,567 | €255,567 | = | 0.0% |
| Current assets | 29/58 | €552,388 | €380,198 | -€172,190 | -31.2% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €124,078 | €124,078 | = | 0.0% |
| Stocks | 30/36 | €124,078 | €124,078 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €183,948 | €185,844 | +€1,896 | +1.0% |
| Other amounts receivable | 41 | €183,948 | €185,844 | +€1,896 | +1.0% |
| Cash at bank and in hand | 54/58 | €9,705 | €276 | -€9,428 | -97.2% |
| Deferred charges and accrued income | 490/1 | €164,657 | - | -€164,657 | |
| Total equity and liabilities | 10/49 | €3,052,627 | €2,819,548 | -€233,079 | -7.6% |
| Equity | 10/15 | €1,375,678 | €1,265,005 | -€110,673 | -8.0% |
| Contributions | 10/11 | €223,157 | €223,157 | = | 0.0% |
| Capital | 10 | €223,157 | €223,157 | = | 0.0% |
| Issued capital | 100 | €223,157 | €223,157 | = | 0.0% |
| Revaluation surpluses | 12 | €670,716 | €670,716 | = | 0.0% |
| Reserves | 13 | €378,388 | €371,601 | -€6,787 | -1.8% |
| Non-distributable reserves | 130/1 | €22,316 | €22,316 | = | 0.0% |
| Legal reserve | 130 | €22,316 | €22,316 | = | 0.0% |
| Tax-exempt reserves | 132 | €195,049 | €188,262 | -€6,787 | -3.5% |
| Distributable reserves | 133 | €161,023 | €161,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,416 | -€470 | -€103,886 | |
| Provisions and deferred taxes | 16 | €667,810 | €665,548 | -€2,262 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €602,793 | €602,793 | = | 0.0% |
| Environmental obligations | 163 | €602,793 | €602,793 | = | 0.0% |
| Deferred taxes | 168 | €65,016 | €62,754 | -€2,262 | -3.5% |
| Amounts payable | 17/49 | €1,009,139 | €888,995 | -€120,143 | -11.9% |
| Amounts payable after more than one year | 17 | €213,183 | €213,183 | = | 0.0% |
| Financial debts | 170/4 | €213,183 | €213,183 | = | 0.0% |
| Amounts payable within one year | 42/48 | €791,907 | €326,468 | -€465,438 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €45,339 | - | -€45,339 | |
| Financial debts | 43 | €613,269 | €270,000 | -€343,269 | -56.0% |
| Credit institutions | 430/8 | €613,269 | €270,000 | -€343,269 | -56.0% |
| Trade debts | 44 | €19,256 | €15,987 | -€3,269 | -17.0% |
| Suppliers | 440/4 | €19,256 | €15,987 | -€3,269 | -17.0% |
| Taxes, remuneration and social security | 45 | €104,754 | €31,193 | -€73,561 | -70.2% |
| Taxes | 450/3 | €104,754 | €31,193 | -€73,561 | -70.2% |
| Other amounts payable | 47/48 | €9,289 | €9,289 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,049 | €349,344 | +€345,295 | +8527.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €107,005 | +€107,005 | |
| Remuneration, social security and pensions | 62 | €3,326 | - | -€3,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,843 | €60,889 | -€59,954 | -49.6% |
| Other operating charges | 640/8 | €15,216 | €11,275 | -€3,941 | -25.9% |
| Gross operating margin | 9900 | €99,414 | €2,994 | -€96,420 | -97.0% |
| Operating profit (loss) | 9901 | -€39,972 | -€69,171 | -€29,199 | -73.0% |
| Financial income | 75/76B | €34,869 | - | -€34,869 | |
| Recurring financial income | 75 | €11,728 | - | -€11,728 | |
| Non-recurring financial income | 76B | €23,141 | - | -€23,141 | |
| Financial charges | 65/66B | €91,978 | €43,765 | -€48,213 | -52.4% |
| Recurring financial charges | 65 | €91,978 | €43,765 | -€48,213 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | -€97,082 | -€112,936 | -€15,854 | -16.3% |
| Transfer from deferred taxes | 780 | €53,510 | €2,262 | -€51,247 | -95.8% |
| Income taxes | 67/77 | €33,754 | - | -€33,754 | |
| Profit (loss) for the period | 9904 | -€77,326 | -€110,673 | -€33,347 | -43.1% |
| Transfer from tax-exempt reserves | 789 | €128,996 | €6,787 | -€122,209 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,670 | -€103,886 | -€155,555 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.