Woluwe Exploit: 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.
Woluwe Exploit
Largest movements
- Tangible fixed assets -€98,253
down €98,253 (-19.0%), from €517,763 to €419,510
of which Plant, machinery and equipment: -€91,808
- Receivables within one year -€28,817
down €28,817 (-19.0%), from €151,362 to €122,545
of which Trade receivables: -€28,817
- Cash +€25,847
up €25,847 (+7.7%), from €333,633 to €359,480
mainly Depreciation (+€83,180) and Net result for the year (+€44,449)
- Deferred charges and accrued income -€12,815
down €12,815 (-12.5%), from €102,561 to €89,746
- Trade debts -€79,824
down €79,824 (-29.5%), from €270,505 to €190,681
- Profit (loss) carried forward +€44,449
up €44,449 (+27.5%), from €161,446 to €205,895
- Debts after one year -€33,866
down €33,866 (-13.3%), from €254,312 to €220,446
- Other debts -€21,486
down €21,486 (-12.2%), from €175,661 to €154,175
- Current portion of long-term debt -€19,753
down €19,753 (-13.2%), from €149,828 to €130,075
- Gross operating margin +€60,373
up €60,373 (+8.8%), from €682,915 to €743,288
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 | €1,177,593 | €1,063,555 | -€114,038 | -9.7% |
| Fixed assets | 21/28 | €517,882 | €419,629 | -€98,253 | -19.0% |
| Tangible fixed assets | 22/27 | €517,763 | €419,510 | -€98,253 | -19.0% |
| Plant, machinery and equipment | 23 | €480,942 | €389,134 | -€91,808 | -19.1% |
| Furniture and vehicles | 24 | €36,821 | €30,376 | -€6,445 | -17.5% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €659,711 | €643,926 | -€15,785 | -2.4% |
| Stocks and contracts in progress | 3 | €72,155 | €72,155 | = | 0.0% |
| Stocks | 30/36 | €72,155 | €72,155 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151,362 | €122,545 | -€28,817 | -19.0% |
| Trade receivables | 40 | €41,325 | €12,508 | -€28,817 | -69.7% |
| Other amounts receivable | 41 | €110,037 | €110,037 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €333,633 | €359,480 | +€25,847 | +7.7% |
| Deferred charges and accrued income | 490/1 | €102,561 | €89,746 | -€12,815 | -12.5% |
| Total equity and liabilities | 10/49 | €1,177,593 | €1,063,555 | -€114,038 | -9.7% |
| Equity | 10/15 | €211,024 | €255,473 | +€44,449 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Revaluation surpluses | 12 | €29,127 | €29,127 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,446 | €205,895 | +€44,449 | +27.5% |
| Amounts payable | 17/49 | €966,569 | €808,082 | -€158,487 | -16.4% |
| Amounts payable after more than one year | 17 | €254,312 | €220,446 | -€33,866 | -13.3% |
| Financial debts | 170/4 | €254,312 | €220,446 | -€33,866 | -13.3% |
| Amounts payable within one year | 42/48 | €712,257 | €587,636 | -€124,621 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €149,828 | €130,075 | -€19,753 | -13.2% |
| Financial debts | 43 | €9,146 | €4,921 | -€4,225 | -46.2% |
| Credit institutions | 430/8 | €9,146 | €4,921 | -€4,225 | -46.2% |
| Trade debts | 44 | €270,505 | €190,681 | -€79,824 | -29.5% |
| Suppliers | 440/4 | €270,505 | €190,681 | -€79,824 | -29.5% |
| Taxes, remuneration and social security | 45 | €107,117 | €107,784 | +€667 | +0.6% |
| Taxes | 450/3 | €12,849 | €17,132 | +€4,283 | +33.3% |
| Remuneration and social security | 454/9 | €94,268 | €90,652 | -€3,616 | -3.8% |
| Other amounts payable | 47/48 | €175,661 | €154,175 | -€21,486 | -12.2% |
| Remuneration, social security and pensions | 62 | €614,765 | €611,130 | -€3,635 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,498 | €83,180 | +€682 | +0.8% |
| Other operating charges | 640/8 | €11,094 | €7,560 | -€3,534 | -31.9% |
| Gross operating margin | 9900 | €682,915 | €743,288 | +€60,373 | +8.8% |
| Operating profit (loss) | 9901 | -€25,442 | €41,418 | +€66,860 | |
| Financial income | 75/76B | €24,057 | €23,659 | -€398 | -1.7% |
| Recurring financial income | 75 | €24,057 | €23,659 | -€398 | -1.7% |
| Financial charges | 65/66B | €22,614 | €19,562 | -€3,052 | -13.5% |
| Recurring financial charges | 65 | €22,614 | €19,562 | -€3,052 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,999 | €45,515 | +€69,514 | |
| Income taxes | 67/77 | - | €1,066 | +€1,066 | |
| Profit (loss) for the period | 9904 | -€23,999 | €44,449 | +€68,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,999 | €44,449 | +€68,448 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.