WORLD GROUP: 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.
WORLD GROUP
Largest movements
- Tangible fixed assets +€218,723
up €218,723 (+4776.4%), from €4,579 to €223,302
of which Land and buildings: +€218,583
- Receivables within one year +€16,550
up €16,550 (+34.1%), from €48,470 to €65,019
of which Trade receivables: +€19,009
- Cash -€6,795
down €6,795 (-32.1%), from €21,164 to €14,369
mainly Investment in fixed assets (net) (-€254,869) and Contributions, distributions and other (-€22,860)
- Deferred charges and accrued income -€4,612
down €4,612 (-98.8%), from €4,669 to €57
- Debts after one year +€211,036
new in 2025: €211,036
- Profit (loss) carried forward -€22,860
down €22,860 (-68.4%), from €33,423 to €10,563
- Reserves +€12,718
up €12,718 (+683.7%), from €1,860 to €14,578
of which Distributable reserves: +€12,718
- Tax, wage and social debts +€11,820
up €11,820 (+117.9%), from €10,024 to €21,844
of which Taxes: +€12,853
- Current portion of long-term debt +€7,706
new in 2025: €7,706
- Depreciation +€34,133
up €34,133 (+1695.6%), from €2,013 to €36,146
- Gross operating margin +€30,394
up €30,394 (+75.0%), from €40,525 to €70,919
- Staff costs -€7,776
down €7,776 (-40.9%), from €19,035 to €11,259
- Taxes +€1,787
up €1,787 (+33.3%), from €5,358 to €7,145
- Financial charges +€1,507
up €1,507 (+223.7%), from €674 to €2,182
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 | €78,882 | €302,747 | +€223,865 | +283.8% |
| Fixed assets | 21/28 | €4,579 | €223,302 | +€218,723 | +4776.4% |
| Tangible fixed assets | 22/27 | €4,579 | €223,302 | +€218,723 | +4776.4% |
| Land and buildings | 22 | - | €218,583 | +€218,583 | |
| Plant, machinery and equipment | 23 | - | €2,395 | +€2,395 | |
| Furniture and vehicles | 24 | €4,579 | €2,324 | -€2,255 | -49.2% |
| Current assets | 29/58 | €74,303 | €79,445 | +€5,142 | +6.9% |
| Amounts receivable within one year | 40/41 | €48,470 | €65,019 | +€16,550 | +34.1% |
| Trade receivables | 40 | €36,862 | €55,871 | +€19,009 | +51.6% |
| Other amounts receivable | 41 | €11,608 | €9,148 | -€2,459 | -21.2% |
| Cash at bank and in hand | 54/58 | €21,164 | €14,369 | -€6,795 | -32.1% |
| Deferred charges and accrued income | 490/1 | €4,669 | €57 | -€4,612 | -98.8% |
| Total equity and liabilities | 10/49 | €78,882 | €302,747 | +€223,865 | +283.8% |
| Equity | 10/15 | €35,283 | €25,140 | -€10,142 | -28.7% |
| Reserves | 13 | €1,860 | €14,578 | +€12,718 | +683.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €12,718 | +€12,718 | |
| Profit (loss) carried forward | 14 | €33,423 | €10,563 | -€22,860 | -68.4% |
| Amounts payable | 17/49 | €43,599 | €277,607 | +€234,008 | +536.7% |
| Amounts payable after more than one year | 17 | - | €211,036 | +€211,036 | |
| Financial debts | 170/4 | - | €211,036 | +€211,036 | |
| Amounts payable within one year | 42/48 | €43,599 | €66,571 | +€22,972 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,706 | +€7,706 | |
| Trade debts | 44 | €23,536 | €20,971 | -€2,565 | -10.9% |
| Suppliers | 440/4 | €23,536 | €20,971 | -€2,565 | -10.9% |
| Taxes, remuneration and social security | 45 | €10,024 | €21,844 | +€11,820 | +117.9% |
| Taxes | 450/3 | €8,341 | €21,194 | +€12,853 | +154.1% |
| Remuneration and social security | 454/9 | €1,683 | €650 | -€1,033 | -61.4% |
| Other amounts payable | 47/48 | €10,039 | €16,049 | +€6,010 | +59.9% |
| Remuneration, social security and pensions | 62 | €19,035 | €11,259 | -€7,776 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €36,146 | +€34,133 | +1695.6% |
| Other operating charges | 640/8 | €1,996 | €1,720 | -€276 | -13.8% |
| Gross operating margin | 9900 | €40,525 | €70,919 | +€30,394 | +75.0% |
| Operating profit (loss) | 9901 | €17,481 | €21,795 | +€4,313 | +24.7% |
| Financial income | 75/76B | €11 | €250 | +€239 | +2145.6% |
| Recurring financial income | 75 | €11 | €250 | +€239 | +2145.6% |
| Financial charges | 65/66B | €674 | €2,182 | +€1,507 | +223.7% |
| Recurring financial charges | 65 | €674 | €2,182 | +€1,507 | +223.7% |
| Profit (loss) for the period before taxes | 9903 | €16,819 | €19,863 | +€3,045 | +18.1% |
| Income taxes | 67/77 | €5,358 | €7,145 | +€1,787 | +33.3% |
| Profit (loss) for the period | 9904 | €11,460 | €12,718 | +€1,258 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,460 | €12,718 | +€1,258 | +11.0% |
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 8 October 2026 via checked.be.