WoonST: 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
WoonST
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€220,913
2024 · -€495,511+€274,598
Equity
€57.0m
2024 · €57.2m-€204,222
Cash
€25.4m
2024 · €26.0m-€638,573
Balance sheet total
€264.8m
2024 · €246.6m+€18.1m
Largest movements
Assets
- Tangible fixed assets +€14.3m
up €14.3m (+6.7%), from €212.4m to €226.8m
of which Assets under construction and advance payments: +€8.9m
- Stocks and contracts +€3.1m
up €3.1m (+95.4%), from €3.3m to €6.4m
of which Stocks: +€3.1m
Equity and liabilities
- Debts after one year +€16.7m
up €16.7m (+9.6%), from €173.4m to €190.1m
of which Financial debts: +€16.5m
Income statement
- Goods and materials -€499,309
down €499,309 (-34.2%), from €1.5m to €960,882
of which Change in stocks: decrease (increase): -€3.5m
- Staff costs +€485,611
up €485,611 (+9.8%), from €5.0m to €5.5m
- Financial income +€444,618
up €444,618 (+11.4%), from €3.9m to €4.3m
of which Financial income: +€443,406
- Financial charges +€310,171
up €310,171 (+7.9%), from €3.9m to €4.2m
- Depreciation +€260,407
up €260,407 (+3.4%), from €7.6m to €7.8m
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.
Result 2024
-€495,511
Turnover
+€250,120
Other operating income
+€142,901
Goods and materials
+€499,309
Services and other goods
-€96,643
Staff costs
-€485,611
Depreciation
-€260,407
Write-downs
-€15,273
Provisions
-€23,188
Other operating charges
-€197,917
Other operating items
+€262,020
Financial income
+€444,618
Financial charges
-€310,171
Taxes
+€63,139
Deferred taxes and other
+€1,701
Result 2025
-€220,913
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.
From operations
+€4.0m
Investment
-€22.1m
Financing
+€17.5m
Cash 2024
€26.0m
From operations (derived)
+€4.0m
Net result for the year
-€220,913
Depreciation
+€7.8m
Stocks and contracts
-€3.1m
Receivables within one year
-€968,819
Deferred charges and accrued income
-€374,881
Provisions
+€13,756
Trade debts
+€966,737
Tax, wage and social debts
+€86,118
Other debts
-€72,506
Accrued charges and deferred income
-€181,563
Investment (derived)
-€22.1m
Investment in fixed assets (net)
-€22.1m
Financing
+€17.5m
Debts after one year
+€16.7m
Current portion of long-term debt
+€796,110
Contributions, distributions and other
+€16,691
Cash 2025
€25.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,631,891 | €264,755,581 | +€18.1m | +7.3% |
| Fixed assets | 21/28 | €213,695,356 | €227,996,405 | +€14.3m | +6.7% |
| Intangible fixed assets | 21 | €472,320 | €427,788 | -€44,532 | -9.4% |
| Tangible fixed assets | 22/27 | €212,434,926 | €226,764,978 | +€14.3m | +6.7% |
| Land and buildings | 22 | €205,148,921 | €210,621,439 | +€5.5m | +2.7% |
| Plant, machinery and equipment | 23 | €15,481 | €10,355 | -€5,126 | -33.1% |
| Furniture and vehicles | 24 | €134,409 | €103,833 | -€30,576 | -22.7% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €7,136,115 | €16,029,351 | +€8.9m | +124.6% |
| Financial fixed assets | 28 | €788,110 | €803,639 | +€15,529 | +2.0% |
| Affiliated companies | 280/1 | €2 | €3 | +€1 | +50.0% |
| Participating interests | 280 | €2 | €3 | +€1 | +50.0% |
| Other financial fixed assets | 284/8 | €788,108 | €803,636 | +€15,528 | +2.0% |
| Shares | 284 | €760,729 | €775,726 | +€14,997 | +2.0% |
| Amounts receivable and cash guarantees | 285/8 | €27,379 | €27,910 | +€531 | +1.9% |
| Current assets | 29/58 | €32,936,535 | €36,759,176 | +€3.8m | +11.6% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €3,266,450 | €6,383,964 | +€3.1m | +95.4% |
| Stocks | 30/36 | €3,266,450 | €6,383,964 | +€3.1m | +95.4% |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Work in progress | 32 | €0 | - | = | |
| Finished goods | 33 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Property held for sale | 35 | €3,266,450 | €6,383,964 | +€3.1m | +95.4% |
| Advance payments | 36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,167,203 | €3,136,022 | +€968,819 | +44.7% |
| Trade receivables | 40 | €973,259 | €1,138,117 | +€164,858 | +16.9% |
| Other amounts receivable | 41 | €1,193,944 | €1,997,905 | +€803,961 | +67.3% |
| Current investments | 50/53 | €0 | - | = | |
| Own shares | 50 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,994,356 | €25,355,783 | -€638,573 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,508,526 | €1,883,407 | +€374,881 | +24.9% |
| Total equity and liabilities | 10/49 | €246,631,891 | €264,755,581 | +€18.1m | +7.3% |
| Equity | 10/15 | €57,240,951 | €57,036,729 | -€204,222 | -0.4% |
| Contributions | 10/11 | €41,766 | €40,292 | -€1,474 | -3.5% |
| Reserves | 13 | €40,665,259 | €40,657,634 | -€7,625 | 0.0% |
| Non-distributable reserves | 130/1 | €36,104,626 | €36,104,626 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,104,626 | €36,104,626 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,560,633 | €4,553,008 | -€7,625 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€978,022 | -€978,022 | |
| Investment grants | 15 | €16,533,926 | €17,316,825 | +€782,899 | +4.7% |
| Provisions and deferred taxes | 16 | €1,826,620 | €1,840,376 | +€13,756 | +0.8% |
| Provisions for liabilities and charges | 160/5 | €970,396 | €943,575 | -€26,821 | -2.8% |
| Major repairs and maintenance | 162 | €747,453 | €720,632 | -€26,821 | -3.6% |
| Other liabilities and charges | 164/5 | €222,943 | €222,943 | = | 0.0% |
| Deferred taxes | 168 | €856,224 | €896,801 | +€40,577 | +4.7% |
| Amounts payable | 17/49 | €187,564,320 | €205,878,476 | +€18.3m | +9.8% |
| Amounts payable after more than one year | 17 | €173,404,936 | €190,124,196 | +€16.7m | +9.6% |
| Financial debts | 170/4 | €171,467,988 | €187,984,465 | +€16.5m | +9.6% |
| Credit institutions | 173 | €170,209,339 | €186,775,816 | +€16.6m | +9.7% |
| Other loans | 174 | €1,258,649 | €1,208,649 | -€50,000 | -4.0% |
| Other amounts payable | 178/9 | €1,936,948 | €2,139,731 | +€202,783 | +10.5% |
| Amounts payable within one year | 42/48 | €12,651,949 | €14,428,408 | +€1.8m | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €6,601,325 | €7,397,435 | +€796,110 | +12.1% |
| Trade debts | 44 | €3,671,163 | €4,637,900 | +€966,737 | +26.3% |
| Suppliers | 440/4 | €3,671,163 | €4,637,900 | +€966,737 | +26.3% |
| Taxes, remuneration and social security | 45 | €1,657,773 | €1,743,891 | +€86,118 | +5.2% |
| Taxes | 450/3 | €998,737 | €1,063,487 | +€64,750 | +6.5% |
| Remuneration and social security | 454/9 | €659,036 | €680,404 | +€21,368 | +3.2% |
| Other amounts payable | 47/48 | €721,688 | €649,182 | -€72,506 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,507,435 | €1,325,872 | -€181,563 | -12.0% |
| Operating income | 70/76A | €23,352,602 | €23,915,087 | +€562,485 | +2.4% |
| Turnover | 70 | €20,466,226 | €20,716,346 | +€250,120 | +1.2% |
| Own construction capitalised | 72 | €302,402 | €243,515 | -€58,887 | -19.5% |
| Other operating income | 74 | €2,018,356 | €2,161,257 | +€142,901 | +7.1% |
| Non-recurring operating income | 76A | €565,618 | €793,969 | +€228,351 | +40.4% |
| Operating charges | 60/66A | €23,766,075 | €24,253,249 | +€487,174 | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €1,460,191 | €960,882 | -€499,309 | -34.2% |
| Purchases | 600/8 | €1,042,918 | €4,078,396 | +€3.0m | +291.1% |
| Change in stocks: decrease (increase) | 609 | €417,273 | -€3,117,514 | -€3.5m | |
| Services and other goods | 61 | €7,714,688 | €7,811,331 | +€96,643 | +1.3% |
| Remuneration, social security and pensions | 62 | €4,974,476 | €5,460,087 | +€485,611 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,575,840 | €7,836,247 | +€260,407 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,349 | €60,622 | +€15,273 | +33.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | -€26,812 | +€23,188 | +46.4% |
| Other operating charges | 640/8 | €1,666,409 | €1,864,326 | +€197,917 | +11.9% |
| Non-recurring operating charges | 66A | €379,122 | €286,566 | -€92,556 | -24.4% |
| Operating profit (loss) | 9901 | -€413,473 | -€338,162 | +€75,311 | +18.2% |
| Financial income | 75/76B | €3,883,788 | €4,328,406 | +€444,618 | +11.4% |
| Recurring financial income | 75 | €3,883,788 | €4,327,194 | +€443,406 | +11.4% |
| Income from current assets | 751 | €379,114 | €316,807 | -€62,307 | -16.4% |
| Other financial income | 752/9 | €3,504,674 | €4,010,387 | +€505,713 | +14.4% |
| Non-recurring financial income | 76B | - | €1,212 | +€1,212 | |
| Financial charges | 65/66B | €3,934,453 | €4,244,624 | +€310,171 | +7.9% |
| Recurring financial charges | 65 | €3,934,453 | €4,244,624 | +€310,171 | +7.9% |
| Debt charges | 650 | €3,923,031 | €4,231,980 | +€308,949 | +7.9% |
| Other financial charges | 652/9 | €11,422 | €12,644 | +€1,222 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€464,138 | -€254,380 | +€209,758 | +45.2% |
| Transfer from deferred taxes | 780 | €26,169 | €27,870 | +€1,701 | +6.5% |
| Income taxes | 67/77 | €57,542 | -€5,597 | -€63,139 | |
| Taxes | 670/3 | €74,000 | €118 | -€73,882 | -99.8% |
| Tax adjustments and reversals of tax provisions | 77 | €16,458 | €5,715 | -€10,743 | -65.3% |
| Profit (loss) for the period | 9904 | -€495,511 | -€220,913 | +€274,598 | +55.4% |
| Transfer from tax-exempt reserves | 789 | €15,252 | €7,626 | -€7,626 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€480,259 | -€213,287 | +€266,972 | +55.6% |
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.