WOPA: what changed
What changed
WOPA
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€143,626
2024 · €502,621-€358,995
Equity
€2.8m
2024 · €2.6m+€143,626
Cash
€421,030
2024 · €1.0m-€580,452
Balance sheet total
€4.9m
2024 · €4.3m+€670,376
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+88.0%), from €1.3m to €2.5m
of which Trade receivables: +€969,336
- Cash -€580,452
down €580,452 (-58.0%), from €1.0m to €421,030
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€117,358)
- Stocks and contracts +€76,184
up €76,184 (+7.2%), from €1.1m to €1.1m
of which Stocks: +€60,643
Equity and liabilities
- Trade debts +€398,728
up €398,728 (+59.8%), from €666,449 to €1.1m
- Debts after one year +€195,229
up €195,229 (+40.9%), from €477,773 to €673,001
- Profit (loss) carried forward +€143,626
up €143,626 (+5.8%), from €2.5m to €2.6m
- Current portion of long-term debt -€51,077
down €51,077 (-13.0%), from €393,168 to €342,090
Income statement
- Gross operating margin -€574,467
down €574,467 (-40.7%), from €1.4m to €835,641
- Taxes -€156,428
down €156,428 (-77.6%), from €201,661 to €45,233
- Financial charges -€73,994
down €73,994 (-67.8%), from €109,192 to €35,198
of which Non-recurring financial charges: -€64,400
- Depreciation +€14,741
up €14,741 (+14.7%), from €100,327 to €115,068
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€502,621
Gross operating margin
-€574,467
Staff costs
+€6,850
Depreciation
-€14,741
Write-downs
-€782
Other operating charges
+€6,364
Financial income
-€12,640
Financial charges
+€73,994
Taxes
+€156,428
Result 2025
€143,626
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€607,246
Investment
-€117,358
Financing
+€144,151
Cash 2024
€1.0m
From operations (derived)
-€607,246
Net result for the year
+€143,626
Depreciation
+€115,068
Stocks and contracts
-€76,184
Receivables within one year
-€1.2m
Smaller working-capital items
-€4,000
Trade debts
+€398,728
Tax, wage and social debts
-€13,821
Investment (derived)
-€117,358
Investment in fixed assets (net)
-€117,358
Financing
+€144,151
Debts after one year
+€195,229
Current portion of long-term debt
-€51,077
Cash 2025
€421,030
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,256,659 | €4,927,035 | +€670,376 | +15.7% |
| Fixed assets | 21/28 | €849,279 | €851,568 | +€2,289 | +0.3% |
| Tangible fixed assets | 22/27 | €819,233 | €818,658 | -€576 | -0.1% |
| Land and buildings | 22 | €546,511 | €509,636 | -€36,875 | -6.7% |
| Plant, machinery and equipment | 23 | €35,711 | €53,465 | +€17,754 | +49.7% |
| Furniture and vehicles | 24 | €190,337 | €149,483 | -€40,854 | -21.5% |
| Other tangible fixed assets | 26 | €10,134 | €10,134 | = | 0.0% |
| Assets under construction and advance payments | 27 | €36,540 | €95,940 | +€59,400 | +163% |
| Financial fixed assets | 28 | €30,045 | €32,910 | +€2,865 | +9.5% |
| Current assets | 29/58 | €3,407,381 | €4,075,467 | +€668,086 | +19.6% |
| Stocks and contracts in progress | 3 | €1,065,462 | €1,141,646 | +€76,184 | +7.2% |
| Stocks | 30/36 | €851,003 | €911,646 | +€60,643 | +7.1% |
| Contracts in progress | 37 | €214,459 | €230,000 | +€15,541 | +7.2% |
| Amounts receivable within one year | 40/41 | €1,329,941 | €2,500,605 | +€1.2m | +88.0% |
| Trade receivables | 40 | €971,575 | €1,940,911 | +€969,336 | +99.8% |
| Other amounts receivable | 41 | €358,367 | €559,694 | +€201,328 | +56.2% |
| Cash at bank and in hand | 54/58 | €1,001,482 | €421,030 | -€580,452 | -58.0% |
| Deferred charges and accrued income | 490/1 | €10,495 | €12,186 | +€1,691 | +16.1% |
| Total equity and liabilities | 10/49 | €4,256,659 | €4,927,035 | +€670,376 | +15.7% |
| Equity | 10/15 | €2,636,416 | €2,780,042 | +€143,626 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,254 | €165,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,394 | €13,394 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,464,962 | €2,608,589 | +€143,626 | +5.8% |
| Amounts payable | 17/49 | €1,620,243 | €2,146,992 | +€526,749 | +32.5% |
| Amounts payable after more than one year | 17 | €477,773 | €673,001 | +€195,229 | +40.9% |
| Financial debts | 170/4 | €477,773 | €673,001 | +€195,229 | +40.9% |
| Amounts payable within one year | 42/48 | €1,142,470 | €1,473,991 | +€331,521 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €393,168 | €342,090 | -€51,077 | -13.0% |
| Trade debts | 44 | €666,449 | €1,065,177 | +€398,728 | +59.8% |
| Suppliers | 440/4 | €666,449 | €1,065,177 | +€398,728 | +59.8% |
| Advances received on contracts in progress | 46 | €32,821 | €31,021 | -€1,800 | -5.5% |
| Taxes, remuneration and social security | 45 | €48,710 | €34,889 | -€13,821 | -28.4% |
| Taxes | 450/3 | €10,222 | €2,911 | -€7,311 | -71.5% |
| Remuneration and social security | 454/9 | €38,488 | €31,978 | -€6,510 | -16.9% |
| Other amounts payable | 47/48 | €1,323 | €814 | -€509 | -38.5% |
| Non-recurring operating income | 76A | - | €2,250 | +€2,250 | |
| Remuneration, social security and pensions | 62 | €477,111 | €470,260 | -€6,850 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,327 | €115,068 | +€14,741 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,225 | €20,007 | +€782 | +4.1% |
| Other operating charges | 640/8 | €15,909 | €9,545 | -€6,364 | -40.0% |
| Gross operating margin | 9900 | €1,410,109 | €835,641 | -€574,467 | -40.7% |
| Operating profit (loss) | 9901 | €797,537 | €220,761 | -€576,776 | -72.3% |
| Financial income | 75/76B | €15,937 | €3,297 | -€12,640 | -79.3% |
| Recurring financial income | 75 | €15,937 | €3,297 | -€12,640 | -79.3% |
| Financial charges | 65/66B | €109,192 | €35,198 | -€73,994 | -67.8% |
| Recurring financial charges | 65 | €44,792 | €35,198 | -€9,594 | -21.4% |
| Non-recurring financial charges | 66B | €64,400 | - | -€64,400 | |
| Profit (loss) for the period before taxes | 9903 | €704,282 | €188,859 | -€515,423 | -73.2% |
| Income taxes | 67/77 | €201,661 | €45,233 | -€156,428 | -77.6% |
| Profit (loss) for the period | 9904 | €502,621 | €143,626 | -€358,995 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €502,621 | €143,626 | -€358,995 | -71.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.