WOTO: what changed
Two financial 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.
WOTO
Largest movements
- Cash +€68,967
up €68,967 (+154%), from €44,822 to €113,789
mainly Trade debts (+€80,766) and Net result for the year (+€47,832)
- Tangible fixed assets +€62,427
up €62,427 (+94.2%), from €66,286 to €128,713
of which Land and buildings: +€47,513
- Receivables within one year +€8,227
up €8,227 (+22.8%), from €36,012 to €44,239
of which Other amounts receivable: +€6,918
- Intangible fixed assets -€4,642
down €4,642 (-27.6%), from €16,831 to €12,189
- Trade debts +€80,766
up €80,766 (+6,638%), from €1,217 to €81,983
- Reserves +€47,832
up €47,832 (+36.6%), from €130,770 to €178,603
- Tax, wage and social debts +€6,380
up €6,380 (+55.3%), from €11,536 to €17,917
- Gross operating margin +€39,458
up €39,458 (+70.0%), from €56,392 to €95,849
- Depreciation +€15,036
up €15,036 (+203%), from €7,399 to €22,435
- Taxes +€6,380
up €6,380 (+55.3%), from €11,536 to €17,917
- Other operating charges +€1,777
up €1,777 (+32.1%), from €5,535 to €7,311
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.
Derived cash bridge
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 | €163,952 | €298,931 | +€134,979 | +82.3% |
| Fixed assets | 21/28 | €83,117 | €140,902 | +€57,785 | +69.5% |
| Intangible fixed assets | 21 | €16,831 | €12,189 | -€4,642 | -27.6% |
| Tangible fixed assets | 22/27 | €66,286 | €128,713 | +€62,427 | +94.2% |
| Land and buildings | 22 | €49,813 | €97,326 | +€47,513 | +95.4% |
| Plant, machinery and equipment | 23 | €16,473 | €29,302 | +€12,830 | +77.9% |
| Furniture and vehicles | 24 | - | €2,085 | +€2,085 | |
| Current assets | 29/58 | €80,835 | €158,029 | +€77,194 | +95.5% |
| Amounts receivable within one year | 40/41 | €36,012 | €44,239 | +€8,227 | +22.8% |
| Trade receivables | 40 | €35,202 | €36,511 | +€1,309 | +3.7% |
| Other amounts receivable | 41 | €810 | €7,728 | +€6,918 | +854% |
| Cash at bank and in hand | 54/58 | €44,822 | €113,789 | +€68,967 | +154% |
| Total equity and liabilities | 10/49 | €163,952 | €298,931 | +€134,979 | +82.3% |
| Equity | 10/15 | €149,370 | €197,203 | +€47,832 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,770 | €178,603 | +€47,832 | +36.6% |
| Distributable reserves | 133 | €130,770 | €178,603 | +€47,832 | +36.6% |
| Amounts payable | 17/49 | €14,582 | €101,729 | +€87,147 | +598% |
| Amounts payable after more than one year | 17 | €1,829 | €1,829 | = | 0.0% |
| Other amounts payable | 178/9 | €1,829 | €1,829 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,753 | €99,900 | +€87,147 | +683% |
| Trade debts | 44 | €1,217 | €81,983 | +€80,766 | +6,638% |
| Suppliers | 440/4 | €1,217 | €81,983 | +€80,766 | +6,638% |
| Taxes, remuneration and social security | 45 | €11,536 | €17,917 | +€6,380 | +55.3% |
| Taxes | 450/3 | €11,536 | €17,917 | +€6,380 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,399 | €22,435 | +€15,036 | +203% |
| Other operating charges | 640/8 | €5,535 | €7,311 | +€1,777 | +32.1% |
| Gross operating margin | 9900 | €56,392 | €95,849 | +€39,458 | +70.0% |
| Operating profit (loss) | 9901 | €43,458 | €66,103 | +€22,645 | +52.1% |
| Financial charges | 65/66B | €231 | €354 | +€123 | +53.0% |
| Recurring financial charges | 65 | €231 | €354 | +€123 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €43,227 | €65,749 | +€22,522 | +52.1% |
| Income taxes | 67/77 | €11,536 | €17,917 | +€6,380 | +55.3% |
| Profit (loss) for the period | 9904 | €31,691 | €47,832 | +€16,142 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,691 | €47,832 | +€16,142 | +50.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.