WOOW: 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.
WOOW
Largest movements
- Stocks and contracts +€1.9m
up €1.9m (+50.4%), from €3.8m to €5.7m
- Debts after one year +€923,182
up €923,182 (+26.5%), from €3.5m to €4.4m
- Trade debts +€878,344
up €878,344 (+527%), from €166,736 to €1.0m
- Accrued charges and deferred income +€121,226
up €121,226 (+39.3%), from €308,182 to €429,408
- Other operating income -€517,130
no longer reported in 2025 (was €517,130)
- Goods and materials -€469,488
down €469,488 (-99.4%), from €472,238 to €2,750
of which Change in stocks: decrease (increase): -€642,445
- Other operating charges -€57,266
down €57,266 (-98.0%), from €58,414 to €1,148
- Turnover -€5,500
down €5,500 (-66.7%), from €8,250 to €2,750
- Services and other goods +€688
up €688 (+10.4%), from €6,590 to €7,278
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 | €4,546,426 | €6,396,619 | +€1.9m | +40.7% |
| Fixed assets | 21/28 | €240,000 | €240,000 | = | 0.0% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Affiliated companies | 280/1 | €240,000 | €240,000 | = | 0.0% |
| Participating interests | 280 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €4,306,426 | €6,156,619 | +€1.9m | +43.0% |
| Stocks and contracts in progress | 3 | €3,807,358 | €5,726,265 | +€1.9m | +50.4% |
| Contracts in progress | 37 | €3,807,358 | €5,726,265 | +€1.9m | +50.4% |
| Amounts receivable within one year | 40/41 | €425,156 | €415,678 | -€9,478 | -2.2% |
| Trade receivables | 40 | €402,321 | €395,088 | -€7,233 | -1.8% |
| Other amounts receivable | 41 | €22,835 | €20,590 | -€2,245 | -9.8% |
| Cash at bank and in hand | 54/58 | €73,912 | €14,676 | -€59,236 | -80.1% |
| Total equity and liabilities | 10/49 | €4,546,426 | €6,396,619 | +€1.9m | +40.7% |
| Equity | 10/15 | €351,267 | €342,220 | -€9,047 | -2.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €247,581 | €247,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €235,581 | €235,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,314 | -€25,361 | -€9,047 | -55.5% |
| Amounts payable | 17/49 | €4,195,159 | €6,054,399 | +€1.9m | +44.3% |
| Amounts payable after more than one year | 17 | €3,487,730 | €4,410,912 | +€923,182 | +26.5% |
| Financial debts | 170/4 | €3,487,730 | €4,410,912 | +€923,182 | +26.5% |
| Subordinated loans | 170 | €3,487,730 | €4,410,912 | +€923,182 | +26.5% |
| Amounts payable within one year | 42/48 | €399,247 | €1,214,080 | +€814,833 | +204% |
| Trade debts | 44 | €166,736 | €1,045,080 | +€878,344 | +527% |
| Suppliers | 440/4 | €166,736 | €1,045,080 | +€878,344 | +527% |
| Other amounts payable | 47/48 | €232,511 | €169,000 | -€63,511 | -27.3% |
| Accrued charges and deferred income | 492/3 | €308,182 | €429,408 | +€121,226 | +39.3% |
| Operating income | 70/76A | €525,380 | €2,750 | -€522,630 | -99.5% |
| Turnover | 70 | €8,250 | €2,750 | -€5,500 | -66.7% |
| Other operating income | 74 | €517,130 | - | -€517,130 | |
| Operating charges | 60/66A | €537,242 | €11,177 | -€526,066 | -97.9% |
| Goods for resale, raw materials and consumables | 60 | €472,238 | €2,750 | -€469,488 | -99.4% |
| Purchases | 600/8 | €1,300,591 | €1,473,548 | +€172,957 | +13.3% |
| Change in stocks: decrease (increase) | 609 | -€828,353 | -€1,470,798 | -€642,445 | -77.6% |
| Services and other goods | 61 | €6,590 | €7,278 | +€688 | +10.4% |
| Other operating charges | 640/8 | €58,414 | €1,148 | -€57,266 | -98.0% |
| Operating profit (loss) | 9901 | -€11,862 | -€8,427 | +€3,435 | +29.0% |
| Financial charges | 65/66B | €629 | €621 | -€9 | -1.4% |
| Recurring financial charges | 65 | €629 | €621 | -€9 | -1.4% |
| Other financial charges | 652/9 | €629 | €621 | -€9 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,491 | -€9,047 | +€3,444 | +27.6% |
| Profit (loss) for the period | 9904 | -€12,491 | -€9,047 | +€3,444 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,491 | -€9,047 | +€3,444 | +27.6% |
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 20 October 2026 via checked.be.