WOV: 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.
WOV
Largest movements
- Intangible fixed assets -€47,272
down €47,272 (-21.8%), from €216,806 to €169,534
- Receivables within one year +€41,321
up €41,321 (+185.7%), from €22,247 to €63,568
- Profit (loss) carried forward -€25,143
down €25,143 (-23.6%), from -€106,475 to -€131,617
- Other debts +€12,486
up €12,486 (+4.4%), from €286,955 to €299,440
- Trade debts +€4,881
up €4,881 (+19.8%), from €24,700 to €29,581
- Gross operating margin +€26,853
up €26,853 (+437.4%), from €6,139 to €32,992
- Depreciation +€4,494
up €4,494 (+10.2%), from €43,890 to €48,384
- Financial charges +€483
up €483 (+5.6%), from €8,574 to €9,057
- Financial income -€342
down €342 (-100.0%), from €342 to €0
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 | €244,636 | €237,343 | -€7,293 | -3.0% |
| Fixed assets | 21/28 | €219,377 | €170,993 | -€48,384 | -22.1% |
| Intangible fixed assets | 21 | €216,806 | €169,534 | -€47,272 | -21.8% |
| Tangible fixed assets | 22/27 | €2,571 | €1,459 | -€1,112 | -43.3% |
| Furniture and vehicles | 24 | €2,571 | €1,459 | -€1,112 | -43.3% |
| Current assets | 29/58 | €25,259 | €66,350 | +€41,091 | +162.7% |
| Amounts receivable within one year | 40/41 | €22,247 | €63,568 | +€41,321 | +185.7% |
| Trade receivables | 40 | €22,247 | €63,568 | +€41,321 | +185.7% |
| Cash at bank and in hand | 54/58 | €3,012 | €2,770 | -€242 | -8.0% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €244,636 | €237,343 | -€7,293 | -3.0% |
| Equity | 10/15 | -€75,413 | -€100,555 | -€25,143 | -33.3% |
| Contributions | 10/11 | €31,062 | €31,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,475 | -€131,617 | -€25,143 | -23.6% |
| Amounts payable | 17/49 | €320,048 | €337,898 | +€17,850 | +5.6% |
| Amounts payable within one year | 42/48 | €311,655 | €329,021 | +€17,367 | +5.6% |
| Trade debts | 44 | €24,700 | €29,581 | +€4,881 | +19.8% |
| Suppliers | 440/4 | €24,700 | €29,581 | +€4,881 | +19.8% |
| Other amounts payable | 47/48 | €286,955 | €299,440 | +€12,486 | +4.4% |
| Accrued charges and deferred income | 492/3 | €8,394 | €8,877 | +€483 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,890 | €48,384 | +€4,494 | +10.2% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Gross operating margin | 9900 | €6,139 | €32,992 | +€26,853 | +437.4% |
| Operating profit (loss) | 9901 | -€38,279 | -€16,086 | +€22,193 | +58.0% |
| Financial income | 75/76B | €342 | €0 | -€342 | -100.0% |
| Recurring financial income | 75 | €342 | €0 | -€342 | -100.0% |
| Financial charges | 65/66B | €8,574 | €9,057 | +€483 | +5.6% |
| Recurring financial charges | 65 | €8,574 | €9,057 | +€483 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,510 | -€25,143 | +€21,367 | +45.9% |
| Profit (loss) for the period | 9904 | -€46,510 | -€25,143 | +€21,367 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,510 | -€25,143 | +€21,367 | +45.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.