Wotepa: 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.
Wotepa
Largest movements
- Cash -€258,902
down €258,902 (-22.5%), from €1.2m to €892,441
mainly Provisions (-€100,000) and Receivables within one year (-€79,751)
- Receivables within one year +€79,751
up €79,751 (+94.1%), from €84,789 to €164,540
of which Trade receivables: +€80,625
- Provisions -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Debts within one year -€41,772
down €41,772 (-36.6%), from €114,275 to €72,503
of which Trade debts: -€23,924
- Accrued charges and deferred income -€35,379
down €35,379 (-80.1%), from €44,194 to €8,815
- Gross operating margin -€511,155
down €511,155 (-44.4%), from €1.2m to €640,628
- Staff costs -€102,204
down €102,204 (-12.6%), from €813,981 to €711,777
- Other operating charges -€100,460
down €100,460 (-93.6%), from €107,281 to €6,821
- Write-downs +€59,410
up €59,410, from -€58,770 to €640
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 | €1,262,515 | €1,076,159 | -€186,356 | -14.8% |
| Fixed assets | 21/28 | €25,964 | €18,536 | -€7,427 | -28.6% |
| Tangible fixed assets | 22/27 | €22,553 | €15,425 | -€7,127 | -31.6% |
| Plant, machinery and equipment | 23 | €13,017 | €9,070 | -€3,947 | -30.3% |
| Furniture and vehicles | 24 | €9,536 | €4,004 | -€5,531 | -58.0% |
| Other tangible fixed assets | 26 | - | €2,351 | +€2,351 | |
| Financial fixed assets | 28 | €3,411 | €3,111 | -€300 | -8.8% |
| Current assets | 29/58 | €1,236,551 | €1,057,622 | -€178,929 | -14.5% |
| Amounts receivable within one year | 40/41 | €84,789 | €164,540 | +€79,751 | +94.1% |
| Trade receivables | 40 | €37,745 | €118,370 | +€80,625 | +213.6% |
| Other amounts receivable | 41 | €47,044 | €46,171 | -€874 | -1.9% |
| Cash at bank and in hand | 54/58 | €1,151,344 | €892,441 | -€258,902 | -22.5% |
| Deferred charges and accrued income | 490/1 | €418 | €640 | +€222 | +53.1% |
| Total equity and liabilities | 10/49 | €1,262,515 | €1,076,159 | -€186,356 | -14.8% |
| Equity | 10/15 | €1,004,045 | €994,841 | -€9,205 | -0.9% |
| Reserves | 13 | €1,004,045 | €994,841 | -€9,205 | -0.9% |
| Provisions and deferred taxes | 16 | €100,000 | €0 | -€100,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €0 | -€100,000 | -100.0% |
| Environmental obligations | 163 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts payable | 17/49 | €158,469 | €81,318 | -€77,152 | -48.7% |
| Amounts payable within one year | 42/48 | €114,275 | €72,503 | -€41,772 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €24,696 | €772 | -€23,924 | -96.9% |
| Suppliers | 440/4 | €24,696 | €772 | -€23,924 | -96.9% |
| Taxes, remuneration and social security | 45 | €77,805 | €71,446 | -€6,359 | -8.2% |
| Remuneration and social security | 454/9 | €77,805 | €71,446 | -€6,359 | -8.2% |
| Accrued charges and deferred income | 492/3 | €44,194 | €8,815 | -€35,379 | -80.1% |
| Non-recurring operating income | 76A | €28,275 | €0 | -€28,275 | -100.0% |
| Remuneration, social security and pensions | 62 | €813,981 | €711,777 | -€102,204 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,114 | €10,343 | +€2,229 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,770 | €640 | +€59,410 | |
| Other operating charges | 640/8 | €107,281 | €6,821 | -€100,460 | -93.6% |
| Non-recurring operating charges | 66A | €2,118 | €18,212 | +€16,094 | +759.9% |
| Gross operating margin | 9900 | €1,151,783 | €640,628 | -€511,155 | -44.4% |
| Operating profit (loss) | 9901 | €279,059 | -€7,165 | -€286,224 | |
| Financial income | 75/76B | €457 | €671 | +€215 | +47.0% |
| Recurring financial income | 75 | €457 | €671 | +€215 | +47.0% |
| Financial charges | 65/66B | €2,606 | €2,711 | +€105 | +4.0% |
| Recurring financial charges | 65 | €2,606 | €2,711 | +€105 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €276,910 | -€9,205 | -€286,115 | |
| Profit (loss) for the period | 9904 | €276,910 | -€9,205 | -€286,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €276,910 | -€9,205 | -€286,115 |
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 3 October 2026 via checked.be.