WOVA: 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.
WOVA
Largest movements
- Cash +€41,204
up €41,204 (+19.2%), from €214,437 to €255,642
mainly Net result for the year (+€111,059) and Depreciation (+€49,261)
- Tangible fixed assets -€28,946
down €28,946 (-5.7%), from €508,294 to €479,347
- Other debts +€11,100
up €11,100 (+11.0%), from €100,595 to €111,695
- Debts after one year -€9,925
down €9,925 (-3.1%), from €315,100 to €305,176
- Taxes -€10,246
down €10,246 (-25.0%), from €40,913 to €30,667
- Financial income -€9,155
down €9,155 (-85.7%), from €10,685 to €1,530
- Staff costs +€7,015
up €7,015 (+12.6%), from €55,799 to €62,814
- Depreciation +€6,700
up €6,700 (+15.7%), from €42,561 to €49,261
- Gross operating margin -€5,537
down €5,537 (-2.0%), from €274,589 to €269,052
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 | €814,274 | €816,882 | +€2,607 | +0.3% |
| Fixed assets | 21/28 | €508,294 | €479,347 | -€28,946 | -5.7% |
| Tangible fixed assets | 22/27 | €508,294 | €479,347 | -€28,946 | -5.7% |
| Plant, machinery and equipment | 23 | €9,448 | €6,015 | -€3,433 | -36.3% |
| Furniture and vehicles | 24 | €66,253 | €54,767 | -€11,486 | -17.3% |
| Leasing and similar rights | 25 | €432,593 | €418,566 | -€14,027 | -3.2% |
| Current assets | 29/58 | €305,981 | €337,534 | +€31,554 | +10.3% |
| Stocks and contracts in progress | 3 | €59,016 | €54,501 | -€4,515 | -7.6% |
| Stocks | 30/36 | €56,390 | €47,199 | -€9,192 | -16.3% |
| Contracts in progress | 37 | €2,626 | €7,303 | +€4,677 | +178.1% |
| Amounts receivable within one year | 40/41 | €28,078 | €23,283 | -€4,795 | -17.1% |
| Trade receivables | 40 | €17,396 | €7,172 | -€10,224 | -58.8% |
| Other amounts receivable | 41 | €10,682 | €16,112 | +€5,429 | +50.8% |
| Cash at bank and in hand | 54/58 | €214,437 | €255,642 | +€41,204 | +19.2% |
| Deferred charges and accrued income | 490/1 | €4,449 | €4,108 | -€341 | -7.7% |
| Total equity and liabilities | 10/49 | €814,274 | €816,882 | +€2,607 | +0.3% |
| Equity | 10/15 | €353,761 | €353,819 | +€59 | 0.0% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €104,141 | €104,141 | = | 0.0% |
| Distributable reserves | 133 | €104,141 | €104,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,620 | €39,679 | +€59 | +0.1% |
| Amounts payable | 17/49 | €460,514 | €463,062 | +€2,548 | +0.6% |
| Amounts payable after more than one year | 17 | €315,100 | €305,176 | -€9,925 | -3.1% |
| Financial debts | 170/4 | €315,100 | €305,176 | -€9,925 | -3.1% |
| Amounts payable within one year | 42/48 | €145,413 | €157,774 | +€12,361 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €9,577 | €9,925 | +€347 | +3.6% |
| Trade debts | 44 | €14,812 | €13,541 | -€1,272 | -8.6% |
| Suppliers | 440/4 | €14,812 | €13,541 | -€1,272 | -8.6% |
| Advances received on contracts in progress | 46 | €19,338 | €18,413 | -€925 | -4.8% |
| Taxes, remuneration and social security | 45 | €1,090 | €4,200 | +€3,110 | +285.3% |
| Taxes | 450/3 | €1,090 | €4,200 | +€3,110 | +285.3% |
| Other amounts payable | 47/48 | €100,595 | €111,695 | +€11,100 | +11.0% |
| Accrued charges and deferred income | 492/3 | - | €112 | +€112 | |
| Remuneration, social security and pensions | 62 | €55,799 | €62,814 | +€7,015 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,561 | €49,261 | +€6,700 | +15.7% |
| Other operating charges | 640/8 | €1,803 | €3,267 | +€1,464 | +81.2% |
| Gross operating margin | 9900 | €274,589 | €269,052 | -€5,537 | -2.0% |
| Operating profit (loss) | 9901 | €174,427 | €153,711 | -€20,716 | -11.9% |
| Financial income | 75/76B | €10,685 | €1,530 | -€9,155 | -85.7% |
| Recurring financial income | 75 | €10,685 | €1,530 | -€9,155 | -85.7% |
| Financial charges | 65/66B | €14,010 | €13,515 | -€495 | -3.5% |
| Recurring financial charges | 65 | €14,010 | €13,515 | -€495 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €171,102 | €141,726 | -€29,376 | -17.2% |
| Income taxes | 67/77 | €40,913 | €30,667 | -€10,246 | -25.0% |
| Profit (loss) for the period | 9904 | €130,188 | €111,059 | -€19,129 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,188 | €111,059 | -€19,129 | -14.7% |
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 11 October 2026 via checked.be.