WORA: 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.
WORA
Largest movements
- Tangible fixed assets -€21,067
down €21,067 (-2.0%), from €1.1m to €1.1m
of which Land and buildings: -€19,818
- Debts after one year -€26,018
down €26,018 (-2.8%), from €938,737 to €912,719
- Profit (loss) carried forward +€25,425
up €25,425 (+48.9%), from €51,988 to €77,413
- Gross operating margin -€17,213
down €17,213 (-23.9%), from €71,978 to €54,765
- Depreciation -€17,161
down €17,161 (-44.2%), from €38,816 to €21,655
- Taxes -€4,921
down €4,921 (-71.0%), from €6,933 to €2,012
- Financial charges -€723
down €723 (-14.5%), from €4,995 to €4,272
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 | €1,125,283 | €1,116,723 | -€8,560 | -0.8% |
| Formation expenses | 20 | €588 | €0 | -€588 | -100.0% |
| Fixed assets | 21/28 | €1,115,107 | €1,094,039 | -€21,067 | -1.9% |
| Tangible fixed assets | 22/27 | €1,075,107 | €1,054,039 | -€21,067 | -2.0% |
| Land and buildings | 22 | €1,070,085 | €1,050,267 | -€19,818 | -1.9% |
| Furniture and vehicles | 24 | €5,022 | €3,772 | -€1,250 | -24.9% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €9,588 | €22,684 | +€13,095 | +136.6% |
| Amounts receivable within one year | 40/41 | €981 | €6,399 | +€5,419 | +552.5% |
| Other amounts receivable | 41 | €981 | €6,399 | +€5,419 | +552.5% |
| Cash at bank and in hand | 54/58 | €8,608 | €16,284 | +€7,677 | +89.2% |
| Total equity and liabilities | 10/49 | €1,125,283 | €1,116,723 | -€8,560 | -0.8% |
| Equity | 10/15 | €101,988 | €127,413 | +€25,425 | +24.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,988 | €77,413 | +€25,425 | +48.9% |
| Amounts payable | 17/49 | €1,023,295 | €989,310 | -€33,985 | -3.3% |
| Amounts payable after more than one year | 17 | €938,737 | €912,719 | -€26,018 | -2.8% |
| Financial debts | 170/4 | €938,737 | €912,719 | -€26,018 | -2.8% |
| Amounts payable within one year | 42/48 | €84,559 | €76,592 | -€7,967 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €69,318 | €70,523 | +€1,205 | +1.7% |
| Trade debts | 44 | €8,045 | €2,921 | -€5,123 | -63.7% |
| Suppliers | 440/4 | €8,045 | €2,921 | -€5,123 | -63.7% |
| Taxes, remuneration and social security | 45 | €6,783 | €0 | -€6,783 | -100.0% |
| Taxes | 450/3 | €6,783 | €0 | -€6,783 | -100.0% |
| Other amounts payable | 47/48 | €413 | €3,147 | +€2,734 | +662.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,816 | €21,655 | -€17,161 | -44.2% |
| Other operating charges | 640/8 | €1,147 | €1,400 | +€253 | +22.1% |
| Gross operating margin | 9900 | €71,978 | €54,765 | -€17,213 | -23.9% |
| Operating profit (loss) | 9901 | €32,014 | €31,709 | -€305 | -1.0% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €4,995 | €4,272 | -€723 | -14.5% |
| Recurring financial charges | 65 | €4,995 | €4,272 | -€723 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €27,070 | €27,437 | +€368 | +1.4% |
| Income taxes | 67/77 | €6,933 | €2,012 | -€4,921 | -71.0% |
| Profit (loss) for the period | 9904 | €20,136 | €25,425 | +€5,288 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,136 | €25,425 | +€5,288 | +26.3% |
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 2 October 2026 via checked.be.