WOSECO: 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.
WOSECO
Largest movements
- Tangible fixed assets -€43,991
down €43,991 (-10.7%), from €411,634 to €367,642
of which Land and buildings: -€27,402
- Receivables within one year -€25,791
down €25,791 (-15.8%), from €162,989 to €137,197
- Debts after one year -€64,688
down €64,688 (-9.5%), from €679,416 to €614,728
of which Financial debts: -€71,428
- Trade debts -€20,407
down €20,407 (-14.3%), from €142,792 to €122,385
- Profit (loss) carried forward +€12,111
up €12,111 (+1.1%), from -€1.1m to -€1.1m
- Depreciation -€46,590
down €46,590 (-50.9%), from €91,504 to €44,914
- Gross operating margin -€11,139
down €11,139 (-12.2%), from €91,586 to €80,448
- Financial charges -€4,174
down €4,174 (-18.2%), from €22,874 to €18,700
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 | €597,299 | €522,311 | -€74,988 | -12.6% |
| Fixed assets | 21/28 | €412,272 | €368,281 | -€43,991 | -10.7% |
| Tangible fixed assets | 22/27 | €411,634 | €367,642 | -€43,991 | -10.7% |
| Land and buildings | 22 | €321,925 | €294,523 | -€27,402 | -8.5% |
| Plant, machinery and equipment | 23 | €24,318 | €16,290 | -€8,027 | -33.0% |
| Furniture and vehicles | 24 | €34,140 | €28,176 | -€5,963 | -17.5% |
| Other tangible fixed assets | 26 | €31,251 | €28,653 | -€2,598 | -8.3% |
| Financial fixed assets | 28 | €639 | €639 | = | 0.0% |
| Current assets | 29/58 | €185,027 | €154,030 | -€30,997 | -16.8% |
| Amounts receivable after more than one year | 29 | - | €30 | +€30 | |
| Other amounts receivable | 291 | - | €30 | +€30 | |
| Amounts receivable within one year | 40/41 | €162,989 | €137,197 | -€25,791 | -15.8% |
| Trade receivables | 40 | €162,989 | €137,197 | -€25,791 | -15.8% |
| Cash at bank and in hand | 54/58 | €19,637 | €16,134 | -€3,503 | -17.8% |
| Deferred charges and accrued income | 490/1 | €2,401 | €669 | -€1,732 | -72.1% |
| Total equity and liabilities | 10/49 | €597,299 | €522,311 | -€74,988 | -12.6% |
| Equity | 10/15 | -€302,927 | -€290,816 | +€12,111 | +4.0% |
| Contributions | 10/11 | €449,625 | €449,625 | = | 0.0% |
| Revaluation surpluses | 12 | €270,648 | €270,648 | = | 0.0% |
| Reserves | 13 | €117,867 | €117,867 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €115,992 | €115,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,141,068 | -€1,128,957 | +€12,111 | +1.1% |
| Amounts payable | 17/49 | €900,226 | €813,127 | -€87,099 | -9.7% |
| Amounts payable after more than one year | 17 | €679,416 | €614,728 | -€64,688 | -9.5% |
| Financial debts | 170/4 | €651,330 | €579,902 | -€71,428 | -11.0% |
| Other amounts payable | 178/9 | €28,086 | €34,826 | +€6,739 | +24.0% |
| Amounts payable within one year | 42/48 | €220,510 | €198,247 | -€22,263 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €70,957 | €71,428 | +€470 | +0.7% |
| Trade debts | 44 | €142,792 | €122,385 | -€20,407 | -14.3% |
| Suppliers | 440/4 | €142,792 | €122,385 | -€20,407 | -14.3% |
| Taxes, remuneration and social security | 45 | €6,761 | €4,435 | -€2,326 | -34.4% |
| Taxes | 450/3 | €6,761 | €4,435 | -€2,326 | -34.4% |
| Accrued charges and deferred income | 492/3 | €300 | €152 | -€148 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,504 | €44,914 | -€46,590 | -50.9% |
| Other operating charges | 640/8 | €4,018 | €4,399 | +€381 | +9.5% |
| Non-recurring operating charges | 66A | €35,280 | - | -€35,280 | |
| Gross operating margin | 9900 | €91,586 | €80,448 | -€11,139 | -12.2% |
| Operating profit (loss) | 9901 | -€39,215 | €31,135 | +€70,351 | |
| Financial income | 75/76B | €89 | €96 | +€7 | +7.8% |
| Recurring financial income | 75 | €89 | €96 | +€7 | +7.8% |
| Financial charges | 65/66B | €22,874 | €18,700 | -€4,174 | -18.2% |
| Recurring financial charges | 65 | €22,874 | €18,700 | -€4,174 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,001 | €12,531 | +€74,532 | |
| Income taxes | 67/77 | -€140 | €420 | +€559 | |
| Profit (loss) for the period | 9904 | -€61,861 | €12,111 | +€73,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,861 | €12,111 | +€73,972 |
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 29 September 2026 via checked.be.