WOW-P2: 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-P2
Largest movements
- Tangible fixed assets -€214,970
down €214,970 (-1.8%), from €12.2m to €12.0m
of which Land and buildings: -€214,970
- Cash +€178,404
up €178,404 (+186.7%), from €95,569 to €273,974
mainly Depreciation (+€223,844) and Debts after one year (+€223,274)
- Profit (loss) carried forward -€235,546
down €235,546 (-45.3%), from -€519,740 to -€755,286
- Debts after one year +€223,274
up €223,274 (+2.8%), from €7.9m to €8.1m
- Gross operating margin +€319,400
up €319,400, from -€5,535 to €313,865
- Depreciation +€139,325
up €139,325 (+164.8%), from €84,519 to €223,844
- Financial charges +€85,457
up €85,457 (+39.8%), from €214,791 to €300,249
- Other operating charges +€23,061
up €23,061 (+1004.3%), from €2,296 to €25,357
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 | €12,322,095 | €12,306,376 | -€15,719 | -0.1% |
| Fixed assets | 21/28 | €12,201,930 | €11,986,960 | -€214,970 | -1.8% |
| Tangible fixed assets | 22/27 | €12,201,930 | €11,986,960 | -€214,970 | -1.8% |
| Land and buildings | 22 | €12,201,930 | €11,986,960 | -€214,970 | -1.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €120,165 | €319,416 | +€199,251 | +165.8% |
| Amounts receivable within one year | 40/41 | €22,245 | €30,861 | +€8,615 | +38.7% |
| Trade receivables | 40 | €22,245 | €30,861 | +€8,615 | +38.7% |
| Cash at bank and in hand | 54/58 | €95,569 | €273,974 | +€178,404 | +186.7% |
| Deferred charges and accrued income | 490/1 | €2,351 | €14,582 | +€12,231 | +520.3% |
| Total equity and liabilities | 10/49 | €12,322,095 | €12,306,376 | -€15,719 | -0.1% |
| Equity | 10/15 | €4,290,260 | €4,054,714 | -€235,546 | -5.5% |
| Contributions | 10/11 | €4,810,000 | €4,810,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€519,740 | -€755,286 | -€235,546 | -45.3% |
| Amounts payable | 17/49 | €8,031,835 | €8,251,661 | +€219,827 | +2.7% |
| Amounts payable after more than one year | 17 | €7,919,033 | €8,142,306 | +€223,274 | +2.8% |
| Financial debts | 170/4 | €7,919,033 | €8,142,306 | +€223,274 | +2.8% |
| Amounts payable within one year | 42/48 | €83,946 | €83,116 | -€829 | -1.0% |
| Financial debts | 43 | €1,884 | €0 | -€1,884 | -100.0% |
| Credit institutions | 430/8 | €1,884 | €0 | -€1,884 | -100.0% |
| Trade debts | 44 | €45,544 | €81,353 | +€35,810 | +78.6% |
| Suppliers | 440/4 | €45,544 | €81,353 | +€35,810 | +78.6% |
| Other amounts payable | 47/48 | €36,517 | €1,763 | -€34,755 | -95.2% |
| Accrued charges and deferred income | 492/3 | €28,856 | €26,239 | -€2,617 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,519 | €223,844 | +€139,325 | +164.8% |
| Other operating charges | 640/8 | €2,296 | €25,357 | +€23,061 | +1004.3% |
| Gross operating margin | 9900 | -€5,535 | €313,865 | +€319,400 | |
| Operating profit (loss) | 9901 | -€92,350 | €64,664 | +€157,014 | |
| Financial income | 75/76B | €0 | €39 | +€39 | |
| Recurring financial income | 75 | €0 | €39 | +€39 | |
| Financial charges | 65/66B | €214,791 | €300,249 | +€85,457 | +39.8% |
| Recurring financial charges | 65 | €214,791 | €300,249 | +€85,457 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | -€307,142 | -€235,546 | +€71,596 | +23.3% |
| Profit (loss) for the period | 9904 | -€307,142 | -€235,546 | +€71,596 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€307,142 | -€235,546 | +€71,596 | +23.3% |
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 9 October 2026 via checked.be.