WOW engineering: 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 engineering
Largest movements
- Receivables within one year +€195,000
up €195,000 (+26.5%), from €735,135 to €930,135
of which Trade receivables: +€150,838
- Cash +€62,101
up €62,101 (+37.7%), from €164,684 to €226,785
mainly Net result for the year (+€387,991) and Tax, wage and social debts (+€239,103)
- Deferred charges and accrued income +€48,253
up €48,253 (+214%), from €22,581 to €70,833
- Stocks and contracts +€15,931
up €15,931 (+16.8%), from €94,910 to €110,841
- Tangible fixed assets +€15,803
up €15,803 (+277%), from €5,702 to €21,505
- Tax, wage and social debts +€239,103
up €239,103 (+146%), from €163,629 to €402,733
of which Taxes: +€186,881
- Profit (loss) carried forward +€142,003
up €142,003 (+2,836%), from €5,007 to €147,010
- Trade debts -€129,879
down €129,879 (-56.9%), from €228,124 to €98,244
- Short-term financial debts +€49,968
up €49,968 (+27.1%), from €184,287 to €234,255
- Other debts +€34,847
up €34,847 (+11.4%), from €306,761 to €341,608
- Gross operating margin +€345,362
up €345,362 (+33.6%), from €1.0m to €1.4m
- Staff costs +€201,410
up €201,410 (+28.9%), from €695,842 to €897,252
- Taxes +€61,411
up €61,411 (+615%), from €9,983 to €71,394
- Financial income -€20,825
down €20,825 (-99.4%), from €20,946 to €121
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 | €1,045,344 | €1,374,510 | +€329,166 | +31.5% |
| Fixed assets | 21/28 | €28,034 | €35,915 | +€7,881 | +28.1% |
| Intangible fixed assets | 21 | €12,662 | €4,740 | -€7,922 | -62.6% |
| Tangible fixed assets | 22/27 | €5,702 | €21,505 | +€15,803 | +277% |
| Furniture and vehicles | 24 | €5,702 | €21,505 | +€15,803 | +277% |
| Financial fixed assets | 28 | €9,670 | €9,670 | = | 0.0% |
| Current assets | 29/58 | €1,017,310 | €1,338,594 | +€321,285 | +31.6% |
| Stocks and contracts in progress | 3 | €94,910 | €110,841 | +€15,931 | +16.8% |
| Contracts in progress | 37 | €94,910 | €110,841 | +€15,931 | +16.8% |
| Amounts receivable within one year | 40/41 | €735,135 | €930,135 | +€195,000 | +26.5% |
| Trade receivables | 40 | €725,270 | €876,108 | +€150,838 | +20.8% |
| Other amounts receivable | 41 | €9,865 | €54,027 | +€44,163 | +448% |
| Cash at bank and in hand | 54/58 | €164,684 | €226,785 | +€62,101 | +37.7% |
| Deferred charges and accrued income | 490/1 | €22,581 | €70,833 | +€48,253 | +214% |
| Total equity and liabilities | 10/49 | €1,045,344 | €1,374,510 | +€329,166 | +31.5% |
| Equity | 10/15 | €120,467 | €262,470 | +€142,003 | +118% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,007 | €147,010 | +€142,003 | +2,836% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €924,877 | €1,112,040 | +€187,163 | +20.2% |
| Amounts payable after more than one year | 17 | €22,119 | €12,978 | -€9,141 | -41.3% |
| Financial debts | 170/4 | €22,119 | €12,978 | -€9,141 | -41.3% |
| Amounts payable within one year | 42/48 | €897,846 | €1,085,981 | +€188,135 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €15,045 | €9,141 | -€5,904 | -39.2% |
| Financial debts | 43 | €184,287 | €234,255 | +€49,968 | +27.1% |
| Credit institutions | 430/8 | €184,287 | €234,255 | +€49,968 | +27.1% |
| Trade debts | 44 | €228,124 | €98,244 | -€129,879 | -56.9% |
| Suppliers | 440/4 | €228,124 | €98,244 | -€129,879 | -56.9% |
| Taxes, remuneration and social security | 45 | €163,629 | €402,733 | +€239,103 | +146% |
| Taxes | 450/3 | €85,869 | €272,750 | +€186,881 | +218% |
| Remuneration and social security | 454/9 | €77,760 | €129,983 | +€52,222 | +67.2% |
| Other amounts payable | 47/48 | €306,761 | €341,608 | +€34,847 | +11.4% |
| Accrued charges and deferred income | 492/3 | €4,912 | €13,081 | +€8,169 | +166% |
| Remuneration, social security and pensions | 62 | €695,842 | €897,252 | +€201,410 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,607 | €14,810 | +€3,202 | +27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,380 | -€10,750 | -€13,130 | |
| Other operating charges | 640/8 | €1,872 | €1,513 | -€359 | -19.2% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €1,027,415 | €1,372,777 | +€345,362 | +33.6% |
| Operating profit (loss) | 9901 | €315,714 | €469,953 | +€154,240 | +48.9% |
| Financial income | 75/76B | €20,946 | €121 | -€20,825 | -99.4% |
| Recurring financial income | 75 | €20,946 | €121 | -€20,825 | -99.4% |
| Financial charges | 65/66B | €18,434 | €10,689 | -€7,745 | -42.0% |
| Recurring financial charges | 65 | €18,434 | €10,689 | -€7,745 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €318,226 | €459,385 | +€141,160 | +44.4% |
| Income taxes | 67/77 | €9,983 | €71,394 | +€61,411 | +615% |
| Profit (loss) for the period | 9904 | €308,243 | €387,991 | +€79,748 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €308,243 | €387,991 | +€79,748 | +25.9% |
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 20 October 2026 via checked.be.