Wovaman: 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.
Wovaman
Largest movements
- Current investments +€96,142
up €96,142 (+603%), from €15,956 to €112,098
- Tangible fixed assets -€19,502
down €19,502 (-11.2%), from €174,121 to €154,619
of which Other tangible fixed assets: -€10,312
- Cash -€17,889
down €17,889 (-8.6%), from €208,130 to €190,241
mainly Current investments (-€96,142) and Tax, wage and social debts (-€9,654)
- Receivables within one year -€11,117
down €11,117 (-31.8%), from €34,937 to €23,820
of which Other amounts receivable: -€13,443
- Other debts +€39,385
up €39,385, from €0 to €39,385
- Reserves +€25,224
up €25,224 (+19.3%), from €130,671 to €155,895
of which Distributable reserves: +€25,224
- Tax, wage and social debts -€9,654
down €9,654 (-100%), from €9,654 to €0
of which Taxes: -€9,654
- Debts after one year -€8,211
down €8,211 (-6.8%), from €120,150 to €111,939
- Gross operating margin -€37,883
down €37,883 (-39.0%), from €97,235 to €59,352
- Financial income -€27,475
down €27,475 (-99.3%), from €27,680 to €205
- Taxes -€11,704
down €11,704 (-51.3%), from €22,795 to €11,091
- Financial charges -€1,241
down €1,241 (-37.3%), from €3,328 to €2,087
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 | €443,103 | €492,599 | +€49,496 | +11.2% |
| Fixed assets | 21/28 | €174,121 | €154,619 | -€19,502 | -11.2% |
| Tangible fixed assets | 22/27 | €174,121 | €154,619 | -€19,502 | -11.2% |
| Land and buildings | 22 | €119,476 | €110,286 | -€9,190 | -7.7% |
| Other tangible fixed assets | 26 | €54,645 | €44,333 | -€10,312 | -18.9% |
| Current assets | 29/58 | €268,982 | €337,980 | +€68,998 | +25.7% |
| Amounts receivable within one year | 40/41 | €34,937 | €23,820 | -€11,117 | -31.8% |
| Trade receivables | 40 | €12,524 | €14,850 | +€2,327 | +18.6% |
| Other amounts receivable | 41 | €22,413 | €8,970 | -€13,443 | -60.0% |
| Current investments | 50/53 | €15,956 | €112,098 | +€96,142 | +603% |
| Cash at bank and in hand | 54/58 | €208,130 | €190,241 | -€17,889 | -8.6% |
| Deferred charges and accrued income | 490/1 | €9,959 | €11,821 | +€1,862 | +18.7% |
| Total equity and liabilities | 10/49 | €443,103 | €492,599 | +€49,496 | +11.2% |
| Equity | 10/15 | €296,791 | €322,014 | +€25,224 | +8.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €130,671 | €155,895 | +€25,224 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €130,671 | €155,895 | +€25,224 | +19.3% |
| Profit (loss) carried forward | 14 | €145,660 | €145,660 | = | 0.0% |
| Amounts payable | 17/49 | €146,313 | €170,585 | +€24,272 | +16.6% |
| Amounts payable after more than one year | 17 | €120,150 | €111,939 | -€8,211 | -6.8% |
| Financial debts | 170/4 | €120,150 | €111,939 | -€8,211 | -6.8% |
| Amounts payable within one year | 42/48 | €26,163 | €58,646 | +€32,483 | +124% |
| Current portion of amounts payable after more than one year | 42 | €8,718 | €8,211 | -€507 | -5.8% |
| Trade debts | 44 | €7,791 | €11,050 | +€3,259 | +41.8% |
| Suppliers | 440/4 | €7,791 | €11,050 | +€3,259 | +41.8% |
| Taxes, remuneration and social security | 45 | €9,654 | €0 | -€9,654 | -100% |
| Taxes | 450/3 | €9,654 | €0 | -€9,654 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €39,385 | +€39,385 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,407 | €19,502 | +€95 | +0.5% |
| Other operating charges | 640/8 | €1,851 | €1,652 | -€199 | -10.8% |
| Gross operating margin | 9900 | €97,235 | €59,352 | -€37,883 | -39.0% |
| Operating profit (loss) | 9901 | €75,977 | €38,198 | -€37,779 | -49.7% |
| Financial income | 75/76B | €27,680 | €205 | -€27,475 | -99.3% |
| Recurring financial income | 75 | €27,680 | €205 | -€27,475 | -99.3% |
| Financial charges | 65/66B | €3,328 | €2,087 | -€1,241 | -37.3% |
| Recurring financial charges | 65 | €3,328 | €2,087 | -€1,241 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €100,329 | €36,315 | -€64,014 | -63.8% |
| Income taxes | 67/77 | €22,795 | €11,091 | -€11,704 | -51.3% |
| Profit (loss) for the period | 9904 | €77,533 | €25,224 | -€52,309 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,533 | €25,224 | -€52,309 | -67.5% |
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 30 October 2026 via checked.be.