WYDOX: 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.
WYDOX
Largest movements
- Tangible fixed assets +€2.5m
up €2.5m (+438%), from €560,117 to €3.0m
of which Land and buildings: +€2.5m
- Stocks and contracts -€268,436
no longer reported in 2025 (was €268,436)
- Revaluation surpluses +€2.5m
new in 2025: €2.5m
- Reserves -€156,927
down €156,927 (-58.5%), from €268,480 to €111,553
of which Distributable reserves: -€156,927
- Other debts +€102,292
up €102,292 (+479%), from €21,350 to €123,642
- Short-term financial debts -€99,000
down €99,000 (-49.7%), from €199,000 to €100,000
- Debts after one year -€84,032
down €84,032 (-27.2%), from €308,564 to €224,532
- Gross operating margin -€230,854
down €230,854, from €138,413 to -€92,440
- Financial charges -€4,770
down €4,770 (-18.9%), from €25,285 to €20,515
- Taxes -€3,754
no longer reported in 2025 (was €3,754)
- Other operating charges -€2,726
down €2,726 (-20.1%), from €13,542 to €10,816
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 | €970,904 | €3,185,289 | +€2.2m | +228% |
| Fixed assets | 21/28 | €560,117 | €3,014,779 | +€2.5m | +438% |
| Tangible fixed assets | 22/27 | €560,117 | €3,014,779 | +€2.5m | +438% |
| Land and buildings | 22 | €555,648 | €3,010,303 | +€2.5m | +442% |
| Plant, machinery and equipment | 23 | €4,095 | €1,981 | -€2,114 | -51.6% |
| Furniture and vehicles | 24 | €374 | €2,496 | +€2,121 | +566% |
| Current assets | 29/58 | €410,787 | €170,511 | -€240,276 | -58.5% |
| Stocks and contracts in progress | 3 | €268,436 | - | -€268,436 | |
| Stocks | 30/36 | €268,436 | - | -€268,436 | |
| Amounts receivable within one year | 40/41 | €83,129 | €104,385 | +€21,256 | +25.6% |
| Trade receivables | 40 | €29,565 | €79,385 | +€49,820 | +169% |
| Other amounts receivable | 41 | €53,564 | €25,000 | -€28,564 | -53.3% |
| Cash at bank and in hand | 54/58 | €59,221 | €66,126 | +€6,904 | +11.7% |
| Total equity and liabilities | 10/49 | €970,904 | €3,185,289 | +€2.2m | +228% |
| Equity | 10/15 | €318,059 | €2,649,507 | +€2.3m | +733% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | - | -€49,579 | |
| Other | 1109/19 | €49,579 | - | -€49,579 | |
| Revaluation surpluses | 12 | - | €2,488,375 | +€2.5m | |
| Reserves | 13 | €268,480 | €111,553 | -€156,927 | -58.5% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | - | -€4,958 | |
| Reserves not available under the articles | 1311 | - | €4,958 | +€4,958 | |
| Tax-exempt reserves | 132 | €37,872 | €37,872 | = | 0.0% |
| Distributable reserves | 133 | €225,650 | €68,723 | -€156,927 | -69.5% |
| Amounts payable | 17/49 | €652,845 | €535,783 | -€117,062 | -17.9% |
| Amounts payable after more than one year | 17 | €308,564 | €224,532 | -€84,032 | -27.2% |
| Financial debts | 170/4 | €308,564 | €224,532 | -€84,032 | -27.2% |
| Amounts payable within one year | 42/48 | €344,281 | €311,251 | -€33,031 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €91,406 | €84,000 | -€7,406 | -8.1% |
| Financial debts | 43 | €199,000 | €100,000 | -€99,000 | -49.7% |
| Credit institutions | 430/8 | €199,000 | €100,000 | -€99,000 | -49.7% |
| Trade debts | 44 | €32,525 | €2,235 | -€30,290 | -93.1% |
| Suppliers | 440/4 | €32,525 | €2,235 | -€30,290 | -93.1% |
| Taxes, remuneration and social security | 45 | - | €1,374 | +€1,374 | |
| Taxes | 450/3 | - | €1,374 | +€1,374 | |
| Other amounts payable | 47/48 | €21,350 | €123,642 | +€102,292 | +479% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,089 | €36,256 | +€168 | +0.5% |
| Other operating charges | 640/8 | €13,542 | €10,816 | -€2,726 | -20.1% |
| Gross operating margin | 9900 | €138,413 | -€92,440 | -€230,854 | |
| Operating profit (loss) | 9901 | €88,782 | -€139,513 | -€228,295 | |
| Financial income | 75/76B | €102 | €101 | -€1 | -1.0% |
| Recurring financial income | 75 | €102 | €101 | -€1 | -1.0% |
| Financial charges | 65/66B | €25,285 | €20,515 | -€4,770 | -18.9% |
| Recurring financial charges | 65 | €25,285 | €20,515 | -€4,770 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €63,599 | -€159,927 | -€223,526 | |
| Income taxes | 67/77 | €3,754 | - | -€3,754 | |
| Profit (loss) for the period | 9904 | €59,845 | -€159,927 | -€219,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,845 | -€159,927 | -€219,773 |
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 19 October 2026 via checked.be.