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.
WO3LF
Largest movements
- Financial fixed assets +€2.2m
new in 2025: €2.2m
- Debts after one year +€2.1m
new in 2025: €2.1m
- Current portion of long-term debt +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€37,467
up €37,467 (+72.5%), from -€51,645 to -€14,178
- Other debts -€24,952
down €24,952 (-59.2%), from €42,142 to €17,190
- Gross operating margin +€30,807
up €30,807 (+255.4%), from €12,061 to €42,868
- Other operating charges +€801
up €801 (+319.1%), from €251 to €1,052
- Taxes +€726
up €726 (+468.4%), from €155 to €881
- Financial charges -€642
down €642 (-25.8%), from €2,490 to €1,848
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 | €19,096 | €2,239,079 | +€2.2m | +11625.4% |
| Fixed assets | 21/28 | €5,367 | €2,212,826 | +€2.2m | +41130.1% |
| Tangible fixed assets | 22/27 | €5,367 | €8,826 | +€3,459 | +64.4% |
| Furniture and vehicles | 24 | - | €4,791 | +€4,791 | |
| Other tangible fixed assets | 26 | €5,367 | €4,035 | -€1,332 | -24.8% |
| Financial fixed assets | 28 | - | €2,204,000 | +€2.2m | |
| Current assets | 29/58 | €13,729 | €26,253 | +€12,524 | +91.2% |
| Amounts receivable within one year | 40/41 | - | €20,510 | +€20,510 | |
| Trade receivables | 40 | - | €20,510 | +€20,510 | |
| Cash at bank and in hand | 54/58 | €12,376 | €4,401 | -€7,975 | -64.4% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,343 | -€11 | -0.8% |
| Total equity and liabilities | 10/49 | €19,096 | €2,239,079 | +€2.2m | +11625.4% |
| Equity | 10/15 | -€29,645 | €7,822 | +€37,467 | |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,645 | -€14,178 | +€37,467 | +72.5% |
| Amounts payable | 17/49 | €48,741 | €2,231,256 | +€2.2m | +4477.8% |
| Amounts payable after more than one year | 17 | - | €2,054,000 | +€2.1m | |
| Financial debts | 170/4 | - | €2,054,000 | +€2.1m | |
| Amounts payable within one year | 42/48 | €48,741 | €177,256 | +€128,516 | +263.7% |
| Current portion of amounts payable after more than one year | 42 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €1,956 | €3,823 | +€1,868 | +95.5% |
| Suppliers | 440/4 | €1,956 | €3,823 | +€1,868 | +95.5% |
| Taxes, remuneration and social security | 45 | €4,642 | €6,243 | +€1,600 | +34.5% |
| Taxes | 450/3 | €4,642 | €6,243 | +€1,600 | +34.5% |
| Other amounts payable | 47/48 | €42,142 | €17,190 | -€24,952 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,620 | +€369 | +29.5% |
| Other operating charges | 640/8 | €251 | €1,052 | +€801 | +319.1% |
| Gross operating margin | 9900 | €12,061 | €42,868 | +€30,807 | +255.4% |
| Operating profit (loss) | 9901 | €10,559 | €40,196 | +€29,637 | +280.7% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €2,490 | €1,848 | -€642 | -25.8% |
| Recurring financial charges | 65 | €2,490 | €1,848 | -€642 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €8,089 | €38,348 | +€30,259 | +374.1% |
| Income taxes | 67/77 | €155 | €881 | +€726 | +468.4% |
| Profit (loss) for the period | 9904 | €7,934 | €37,467 | +€29,534 | +372.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,934 | €37,467 | +€29,534 | +372.3% |
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 27 September 2026 via checked.be.