WOW BELGIUM: 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.
WOW BELGIUM
Largest movements
- Cash +€523,478
up €523,478 (+599%), from €87,325 to €610,803
mainly Contributions, distributions and other (+€5.4m) and Depreciation (+€520,611)
- Contributions +€5.4m
up €5.4m (+53,500%), from €10,000 to €5.4m
- Other debts -€3.6m
down €3.6m (-99.2%), from €3.7m to €29,364
- Profit (loss) carried forward -€860,577
down €860,577 (-91.0%), from -€946,135 to -€1.8m
- Debts after one year -€328,000
down €328,000 (-4.4%), from €7.5m to €7.2m
- Trade debts -€211,626
down €211,626 (-82.6%), from €256,196 to €44,570
- Write-downs +€293,705
new in 2025: €293,705
- Financial charges +€106,608
up €106,608 (+20.0%), from €532,089 to €638,697
- Other operating charges -€68,575
no longer reported in 2025 (was €68,575)
- Gross operating margin -€55,327
down €55,327 (-8.5%), from €647,762 to €592,435
- Depreciation +€52,128
up €52,128 (+11.1%), from €468,482 to €520,611
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 | €10,535,854 | €10,969,227 | +€433,372 | +4.1% |
| Formation expenses | 20 | - | €8,085 | +€8,085 | |
| Fixed assets | 21/28 | €10,101,834 | €10,032,855 | -€68,979 | -0.7% |
| Tangible fixed assets | 22/27 | €10,098,354 | €10,032,355 | -€65,999 | -0.7% |
| Land and buildings | 22 | €10,098,354 | €10,032,355 | -€65,999 | -0.7% |
| Financial fixed assets | 28 | €3,480 | €500 | -€2,980 | -85.6% |
| Current assets | 29/58 | €434,021 | €928,287 | +€494,266 | +114% |
| Amounts receivable within one year | 40/41 | €338,894 | €293,400 | -€45,494 | -13.4% |
| Trade receivables | 40 | €338,894 | €293,400 | -€45,494 | -13.4% |
| Cash at bank and in hand | 54/58 | €87,325 | €610,803 | +€523,478 | +599% |
| Deferred charges and accrued income | 490/1 | €7,802 | €24,084 | +€16,282 | +209% |
| Total equity and liabilities | 10/49 | €10,535,854 | €10,969,227 | +€433,372 | +4.1% |
| Equity | 10/15 | -€936,135 | €3,553,287 | +€4.5m | |
| Contributions | 10/11 | €10,000 | €5,360,000 | +€5.4m | +53,500% |
| Profit (loss) carried forward | 14 | -€946,135 | -€1,806,713 | -€860,577 | -91.0% |
| Amounts payable | 17/49 | €11,471,990 | €7,415,939 | -€4.1m | -35.4% |
| Amounts payable after more than one year | 17 | €7,525,000 | €7,197,000 | -€328,000 | -4.4% |
| Financial debts | 170/4 | €7,525,000 | €7,197,000 | -€328,000 | -4.4% |
| Amounts payable within one year | 42/48 | €3,946,990 | €97,107 | -€3.8m | -97.5% |
| Trade debts | 44 | €256,196 | €44,570 | -€211,626 | -82.6% |
| Suppliers | 440/4 | €256,196 | €44,570 | -€211,626 | -82.6% |
| Taxes, remuneration and social security | 45 | €16,948 | €23,173 | +€6,225 | +36.7% |
| Taxes | 450/3 | €16,948 | €23,173 | +€6,225 | +36.7% |
| Other amounts payable | 47/48 | €3,673,845 | €29,364 | -€3.6m | -99.2% |
| Accrued charges and deferred income | 492/3 | - | €121,832 | +€121,832 | |
| Remuneration, social security and pensions | 62 | €1,001 | - | -€1,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468,482 | €520,611 | +€52,128 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €293,705 | +€293,705 | |
| Other operating charges | 640/8 | €68,575 | - | -€68,575 | |
| Gross operating margin | 9900 | €647,762 | €592,435 | -€55,327 | -8.5% |
| Operating profit (loss) | 9901 | €109,703 | -€221,881 | -€331,584 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €532,089 | €638,697 | +€106,608 | +20.0% |
| Recurring financial charges | 65 | €532,089 | €638,697 | +€106,608 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€422,386 | -€860,577 | -€438,192 | -104% |
| Profit (loss) for the period | 9904 | -€422,386 | -€860,577 | -€438,192 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€422,386 | -€860,577 | -€438,192 | -104% |
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 24 October 2026 via checked.be.