WOVERCO: 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.
WOVERCO
Largest movements
- Current assets +€297,021
up €297,021 (+12.9%), from €2.3m to €2.6m
of which Current investments: +€220,110
- Financial fixed assets +€100,000
up €100,000 (+20.0%), from €500,322 to €600,322
- Tangible fixed assets +€65,343
up €65,343 (+7.0%), from €928,988 to €994,331
of which Land and buildings: +€805,655
- Debts +€689,304
up €689,304 (+255.3%), from €270,032 to €959,335
of which Debts within one year: +€687,554
- Equity -€226,883
down €226,883 (-6.6%), from €3.5m to €3.2m
of which Reserves: -€226,883
- Staff costs +€53,132
new in 2021: €53,132
- Gross operating margin -€40,475
down €40,475 (-4.1%), from €995,438 to €954,963
- Taxes -€34,072
down €34,072 (-11.5%), from €295,725 to €261,653
- Financial income +€20,580
new in 2021: €20,580
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,724,619 | €4,186,983 | +€462,364 | +12.4% |
| Fixed assets | 21/28 | €1,429,311 | €1,594,653 | +€165,343 | +11.6% |
| Tangible fixed assets | 22/27 | €928,988 | €994,331 | +€65,343 | +7.0% |
| Land and buildings | 22 | - | €805,655 | +€805,655 | |
| Plant, machinery and equipment | 23 | - | €140,758 | +€140,758 | |
| Furniture and vehicles | 24 | - | €46,458 | +€46,458 | |
| Other tangible fixed assets | 26 | - | €1,460 | +€1,460 | |
| Financial fixed assets | 28 | €500,322 | €600,322 | +€100,000 | +20.0% |
| Current assets | 29/58 | €2,295,308 | €2,592,330 | +€297,021 | +12.9% |
| Stocks and contracts in progress | 3 | €4,204 | €4,575 | +€371 | +8.8% |
| Stocks | 30/36 | - | €4,575 | +€4,575 | |
| Amounts receivable within one year | 40/41 | €65,122 | €71,439 | +€6,317 | +9.7% |
| Other amounts receivable | 41 | - | €71,439 | +€71,439 | |
| Current investments | 50/53 | €1,992,555 | €2,212,665 | +€220,110 | +11.0% |
| Cash at bank and in hand | 54/58 | €184,342 | €144,418 | -€39,925 | -21.7% |
| Deferred charges and accrued income | 490/1 | - | €159,233 | +€159,233 | |
| Total equity and liabilities | 10/49 | €3,724,619 | €4,186,983 | +€462,364 | +12.4% |
| Equity | 10/15 | €3,454,102 | €3,227,219 | -€226,883 | -6.6% |
| Contributions | 10/11 | - | €18,952 | +€18,952 | |
| Outside capital | 11 | - | €18,952 | +€18,952 | |
| Other | 1109/19 | - | €18,952 | +€18,952 | |
| Reserves | 13 | €3,435,150 | €3,208,267 | -€226,883 | -6.6% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | - | €38,793 | +€38,793 | |
| Distributable reserves | 133 | - | €3,167,614 | +€3.2m | |
| Provisions and deferred taxes | 16 | €485 | €429 | -€57 | -11.7% |
| Deferred taxes | 168 | - | €429 | +€429 | |
| Amounts payable | 17/49 | €270,032 | €959,335 | +€689,304 | +255.3% |
| Amounts payable after more than one year | 17 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 178/9 | - | €2,200 | +€2,200 | |
| Amounts payable within one year | 42/48 | €254,332 | €941,885 | +€687,554 | +270.3% |
| Trade debts | 44 | €23,603 | €6,574 | -€17,029 | -72.1% |
| Suppliers | 440/4 | - | €6,574 | +€6,574 | |
| Taxes, remuneration and social security | 45 | - | €71,274 | +€71,274 | |
| Taxes | 450/3 | - | €62,501 | +€62,501 | |
| Remuneration and social security | 454/9 | - | €8,773 | +€8,773 | |
| Other amounts payable | 47/48 | - | €864,038 | +€864,038 | |
| Accrued charges and deferred income | 492/3 | - | €15,250 | +€15,250 | |
| Remuneration, social security and pensions | 62 | - | €53,132 | +€53,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,524 | €74,990 | +€8,466 | +12.7% |
| Other operating charges | 640/8 | - | €7,271 | +€7,271 | |
| Gross operating margin | 9900 | €995,438 | €954,963 | -€40,475 | -4.1% |
| Operating profit (loss) | 9901 | €841,276 | €819,569 | -€21,707 | -2.6% |
| Financial income | 75/76B | - | €20,580 | +€20,580 | |
| Recurring financial income | 75 | €19,342 | €20,580 | +€1,238 | +6.4% |
| Financial charges | 65/66B | - | €1,768 | +€1,768 | |
| Recurring financial charges | 65 | €2,045 | €1,768 | -€277 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €858,573 | €838,381 | -€20,192 | -2.4% |
| Transfer from deferred taxes | 780 | - | €57 | +€57 | |
| Income taxes | 67/77 | €295,725 | €261,653 | -€34,072 | -11.5% |
| Profit (loss) for the period | 9904 | €562,904 | €576,784 | +€13,880 | +2.5% |
| Transfer from tax-exempt reserves | 789 | - | €803,838 | +€803,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €563,075 | €1,380,622 | +€817,547 | +145.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.