2W EVENTS: 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.
2W EVENTS
Largest movements
- Cash +€86,271
up €86,271 (+228.5%), from €37,759 to €124,030
mainly Other debts (+€52,772) and Advances received (+€51,007)
- Intangible fixed assets +€49,882
up €49,882 (+20443.4%), from €244 to €50,126
- Tangible fixed assets -€29,178
no longer reported in 2025 (was €29,178)
of which Assets under construction and advance payments: -€19,943
- Receivables within one year -€11,417
down €11,417 (-13.3%), from €86,072 to €74,655
of which Trade receivables: -€5,808
- Other debts +€52,772
up €52,772 (+1759.1%), from €3,000 to €55,772
- Advances received +€51,007
up €51,007 (+130.7%), from €39,019 to €90,026
- Profit (loss) carried forward -€26,644
down €26,644 (-56.0%), from €47,547 to €20,902
- Trade debts +€22,927
up €22,927 (+65.0%), from €35,258 to €58,185
- Current portion of long-term debt -€5,206
no longer reported in 2025 (was €5,206)
- Gross operating margin +€19,558
up €19,558 (+47.6%), from €41,129 to €60,686
- Depreciation +€8,631
up €8,631 (+80.9%), from €10,665 to €19,296
- Financial income -€1,578
down €1,578 (-96.4%), from €1,636 to €58
- Taxes +€1,287
up €1,287 (+13.3%), from €9,639 to €10,926
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 | €161,883 | €257,694 | +€95,812 | +59.2% |
| Fixed assets | 21/28 | €30,272 | €50,126 | +€19,854 | +65.6% |
| Intangible fixed assets | 21 | €244 | €50,126 | +€49,882 | +20443.4% |
| Tangible fixed assets | 22/27 | €29,178 | - | -€29,178 | |
| Furniture and vehicles | 24 | €9,235 | - | -€9,235 | |
| Assets under construction and advance payments | 27 | €19,943 | - | -€19,943 | |
| Financial fixed assets | 28 | €850 | - | -€850 | |
| Current assets | 29/58 | €131,611 | €207,568 | +€75,957 | +57.7% |
| Stocks and contracts in progress | 3 | - | €1,600 | +€1,600 | |
| Stocks | 30/36 | - | €1,600 | +€1,600 | |
| Amounts receivable within one year | 40/41 | €86,072 | €74,655 | -€11,417 | -13.3% |
| Trade receivables | 40 | €6,152 | €344 | -€5,808 | -94.4% |
| Other amounts receivable | 41 | €79,920 | €74,311 | -€5,609 | -7.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,759 | €124,030 | +€86,271 | +228.5% |
| Deferred charges and accrued income | 490/1 | €2,780 | €2,283 | -€496 | -17.9% |
| Total equity and liabilities | 10/49 | €161,883 | €257,694 | +€95,812 | +59.2% |
| Equity | 10/15 | €67,117 | €40,472 | -€26,644 | -39.7% |
| Contributions | 10/11 | €12,710 | €12,710 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Own shares acquired | 1312 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,547 | €20,902 | -€26,644 | -56.0% |
| Amounts payable | 17/49 | €94,766 | €217,222 | +€122,456 | +129.2% |
| Amounts payable within one year | 42/48 | €94,766 | €216,297 | +€121,531 | +128.2% |
| Current portion of amounts payable after more than one year | 42 | €5,206 | - | -€5,206 | |
| Trade debts | 44 | €35,258 | €58,185 | +€22,927 | +65.0% |
| Suppliers | 440/4 | €35,258 | €58,185 | +€22,927 | +65.0% |
| Advances received on contracts in progress | 46 | €39,019 | €90,026 | +€51,007 | +130.7% |
| Taxes, remuneration and social security | 45 | €12,283 | €12,315 | +€32 | +0.3% |
| Taxes | 450/3 | €12,283 | €12,315 | +€32 | +0.3% |
| Other amounts payable | 47/48 | €3,000 | €55,772 | +€52,772 | +1759.1% |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Non-recurring operating income | 76A | €6,198 | €14,000 | +€7,802 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,665 | €19,296 | +€8,631 | +80.9% |
| Other operating charges | 640/8 | €1,206 | €1,742 | +€536 | +44.4% |
| Gross operating margin | 9900 | €41,129 | €60,686 | +€19,558 | +47.6% |
| Operating profit (loss) | 9901 | €29,258 | €39,649 | +€10,391 | +35.5% |
| Financial income | 75/76B | €1,636 | €58 | -€1,578 | -96.4% |
| Recurring financial income | 75 | €1,636 | €58 | -€1,578 | -96.4% |
| Financial charges | 65/66B | €4,875 | €5,426 | +€551 | +11.3% |
| Recurring financial charges | 65 | €4,875 | €5,426 | +€551 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €26,019 | €34,281 | +€8,263 | +31.8% |
| Income taxes | 67/77 | €9,639 | €10,926 | +€1,287 | +13.3% |
| Profit (loss) for the period | 9904 | €16,380 | €23,356 | +€6,976 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,380 | €23,356 | +€6,976 | +42.6% |
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.