WUBATO: 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.
WUBATO
Largest movements
- Tangible fixed assets -€7,811
down €7,811 (-27.1%), from €28,793 to €20,982
of which Plant, machinery and equipment: -€7,381
- Receivables within one year -€2,317
down €2,317 (-38.0%), from €6,095 to €3,778
of which Other amounts receivable: -€1,861
- Stocks and contracts -€2,146
down €2,146 (-36.5%), from €5,873 to €3,727
- Cash -€1,493
down €1,493 (-3.5%), from €42,548 to €41,055
mainly Trade debts (-€17,292) and Investment in fixed assets (net) (-€594)
- Trade debts -€17,292
down €17,292 (-97.6%), from €17,724 to €432
- Reserves +€3,353
up €3,353 (+5.8%), from €57,724 to €61,077
- Gross operating margin +€12,570
up €12,570 (+2953.0%), from €426 to €12,996
- Depreciation +€3,292
up €3,292 (+64.4%), from €5,114 to €8,406
- Taxes +€335
new in 2025: €335
- Other operating charges +€262
up €262 (+67.7%), from €387 to €650
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 | €83,427 | €69,825 | -€13,603 | -16.3% |
| Fixed assets | 21/28 | €28,793 | €20,982 | -€7,811 | -27.1% |
| Tangible fixed assets | 22/27 | €28,793 | €20,982 | -€7,811 | -27.1% |
| Plant, machinery and equipment | 23 | €26,330 | €18,949 | -€7,381 | -28.0% |
| Furniture and vehicles | 24 | €2,463 | €2,033 | -€430 | -17.5% |
| Current assets | 29/58 | €54,634 | €48,843 | -€5,791 | -10.6% |
| Stocks and contracts in progress | 3 | €5,873 | €3,727 | -€2,146 | -36.5% |
| Stocks | 30/36 | €5,873 | €3,727 | -€2,146 | -36.5% |
| Amounts receivable within one year | 40/41 | €6,095 | €3,778 | -€2,317 | -38.0% |
| Trade receivables | 40 | €628 | €171 | -€457 | -72.8% |
| Other amounts receivable | 41 | €5,468 | €3,607 | -€1,861 | -34.0% |
| Cash at bank and in hand | 54/58 | €42,548 | €41,055 | -€1,493 | -3.5% |
| Deferred charges and accrued income | 490/1 | €119 | €284 | +€165 | +138.5% |
| Total equity and liabilities | 10/49 | €83,427 | €69,825 | -€13,603 | -16.3% |
| Equity | 10/15 | €64,024 | €67,377 | +€3,353 | +5.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €57,724 | €61,077 | +€3,353 | +5.8% |
| Distributable reserves | 133 | €57,724 | €61,077 | +€3,353 | +5.8% |
| Amounts payable | 17/49 | €19,403 | €2,448 | -€16,955 | -87.4% |
| Amounts payable within one year | 42/48 | €17,838 | €881 | -€16,957 | -95.1% |
| Trade debts | 44 | €17,724 | €432 | -€17,292 | -97.6% |
| Suppliers | 440/4 | €17,724 | €432 | -€17,292 | -97.6% |
| Taxes, remuneration and social security | 45 | - | €335 | +€335 | |
| Taxes | 450/3 | - | €335 | +€335 | |
| Other amounts payable | 47/48 | €114 | €114 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,114 | €8,406 | +€3,292 | +64.4% |
| Other operating charges | 640/8 | €387 | €650 | +€262 | +67.7% |
| Gross operating margin | 9900 | €426 | €12,996 | +€12,570 | +2953.0% |
| Operating profit (loss) | 9901 | -€5,075 | €3,940 | +€9,016 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €135 | €252 | +€117 | +86.6% |
| Recurring financial charges | 65 | €135 | €252 | +€117 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,210 | €3,688 | +€8,899 | |
| Income taxes | 67/77 | - | €335 | +€335 | |
| Profit (loss) for the period | 9904 | -€5,210 | €3,353 | +€8,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,210 | €3,353 | +€8,563 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.