WOUT: 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.
WOUT
Largest movements
- Receivables within one year -€85,324
down €85,324 (-74.7%), from €114,164 to €28,840
of which Other amounts receivable: -€55,056
- Tangible fixed assets -€4,027
down €4,027 (-19.1%), from €21,122 to €17,096
of which Plant, machinery and equipment: -€2,273
- Cash -€3,802
down €3,802 (-22.2%), from €17,100 to €13,298
mainly Other debts (-€96,622) and Tax, wage and social debts (-€18,763)
- Other debts -€96,622
down €96,622 (-93.1%), from €103,806 to €7,184
- Reserves +€25,232
up €25,232 (+351.2%), from €7,184 to €32,416
- Tax, wage and social debts -€18,763
no longer reported in 2025 (was €18,763)
- Trade debts -€4,302
down €4,302 (-17.7%), from €24,269 to €19,967
- Gross operating margin -€51,963
down €51,963 (-48.7%), from €106,722 to €54,758
- Taxes -€8,447
down €8,447 (-38.8%), from €21,752 to €13,305
- Depreciation +€2,302
up €2,302 (+87.0%), from €2,648 to €4,950
- Financial charges -€1,351
down €1,351 (-31.4%), from €4,300 to €2,949
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 | €154,261 | €60,707 | -€93,554 | -60.6% |
| Fixed assets | 21/28 | €21,122 | €17,096 | -€4,027 | -19.1% |
| Tangible fixed assets | 22/27 | €21,122 | €17,096 | -€4,027 | -19.1% |
| Plant, machinery and equipment | 23 | €12,374 | €10,101 | -€2,273 | -18.4% |
| Furniture and vehicles | 24 | €8,748 | €6,994 | -€1,754 | -20.1% |
| Current assets | 29/58 | €133,138 | €43,611 | -€89,527 | -67.2% |
| Amounts receivable within one year | 40/41 | €114,164 | €28,840 | -€85,324 | -74.7% |
| Trade receivables | 40 | €32,741 | €2,474 | -€30,267 | -92.4% |
| Other amounts receivable | 41 | €81,423 | €26,367 | -€55,056 | -67.6% |
| Cash at bank and in hand | 54/58 | €17,100 | €13,298 | -€3,802 | -22.2% |
| Deferred charges and accrued income | 490/1 | €1,874 | €1,473 | -€402 | -21.4% |
| Total equity and liabilities | 10/49 | €154,261 | €60,707 | -€93,554 | -60.6% |
| Equity | 10/15 | €7,184 | €32,416 | +€25,232 | +351.2% |
| Reserves | 13 | €7,184 | €32,416 | +€25,232 | +351.2% |
| Distributable reserves | 133 | €7,184 | €32,416 | +€25,232 | +351.2% |
| Amounts payable | 17/49 | €147,077 | €28,290 | -€118,787 | -80.8% |
| Amounts payable within one year | 42/48 | €146,837 | €27,150 | -€119,687 | -81.5% |
| Trade debts | 44 | €24,269 | €19,967 | -€4,302 | -17.7% |
| Suppliers | 440/4 | €24,269 | €19,967 | -€4,302 | -17.7% |
| Taxes, remuneration and social security | 45 | €18,763 | - | -€18,763 | |
| Taxes | 450/3 | €18,763 | - | -€18,763 | |
| Other amounts payable | 47/48 | €103,806 | €7,184 | -€96,622 | -93.1% |
| Accrued charges and deferred income | 492/3 | €240 | €1,140 | +€900 | +375.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €4,950 | +€2,302 | +87.0% |
| Other operating charges | 640/8 | €1,573 | €1,138 | -€435 | -27.7% |
| Gross operating margin | 9900 | €106,722 | €54,758 | -€51,963 | -48.7% |
| Operating profit (loss) | 9901 | €102,500 | €48,670 | -€53,830 | -52.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,300 | €2,949 | -€1,351 | -31.4% |
| Recurring financial charges | 65 | €4,300 | €2,949 | -€1,351 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €98,200 | €45,721 | -€52,479 | -53.4% |
| Income taxes | 67/77 | €21,752 | €13,305 | -€8,447 | -38.8% |
| Profit (loss) for the period | 9904 | €76,448 | €32,416 | -€44,032 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,448 | €32,416 | -€44,032 | -57.6% |
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 28 September 2026 via checked.be.