BE. WAN: 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.
BE. WAN
Largest movements
- Financial fixed assets -€640,235
down €640,235 (-99.7%), from €642,344 to €2,108
- Cash +€195,543
up €195,543 (+73.3%), from €266,730 to €462,273
mainly Depreciation (+€342,481) and Investment in fixed assets (net) (+€176,811)
- Intangible fixed assets +€156,804
up €156,804 (+13.1%), from €1.2m to €1.4m
- Receivables within one year -€96,469
down €96,469 (-7.4%), from €1.3m to €1.2m
of which Trade receivables: -€68,507
- Deferred charges and accrued income +€36,511
up €36,511 (+47.9%), from €76,157 to €112,668
- Debts after one year -€728,450
down €728,450 (-50.3%), from €1.4m to €719,962
of which Other amounts payable: -€705,000
- Trade debts -€153,740
down €153,740 (-14.5%), from €1.1m to €905,833
- Tax, wage and social debts +€142,896
up €142,896 (+68.7%), from €207,858 to €350,754
of which Taxes: +€92,780
- Accrued charges and deferred income +€124,589
up €124,589 (+79.8%), from €156,034 to €280,622
- Provisions +€101,583
up €101,583 (+47.3%), from €214,631 to €316,214
- Gross operating margin +€828,610
up €828,610 (+51.6%), from €1.6m to €2.4m
- Financial income -€590,020
down €590,020 (-99.8%), from €591,066 to €1,046
of which Non-recurring financial income: -€586,060
- Write-downs +€254,026
new in 2025: €254,026
- Provisions -€113,048
down €113,048 (-52.7%), from €214,631 to €101,583
- Staff costs +€110,019
up €110,019 (+8.5%), from €1.3m to €1.4m
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 | €3,618,561 | €3,229,308 | -€389,253 | -10.8% |
| Fixed assets | 21/28 | €1,946,959 | €1,427,667 | -€519,293 | -26.7% |
| Intangible fixed assets | 21 | €1,197,912 | €1,354,716 | +€156,804 | +13.1% |
| Tangible fixed assets | 22/27 | €106,704 | €70,842 | -€35,862 | -33.6% |
| Furniture and vehicles | 24 | €23,053 | €11,631 | -€11,423 | -49.5% |
| Other tangible fixed assets | 26 | €83,650 | €59,211 | -€24,439 | -29.2% |
| Financial fixed assets | 28 | €642,344 | €2,108 | -€640,235 | -99.7% |
| Current assets | 29/58 | €1,671,602 | €1,801,642 | +€130,040 | +7.8% |
| Stocks and contracts in progress | 3 | €17,809 | €12,262 | -€5,546 | -31.1% |
| Stocks | 30/36 | €17,809 | €12,262 | -€5,546 | -31.1% |
| Amounts receivable within one year | 40/41 | €1,310,907 | €1,214,438 | -€96,469 | -7.4% |
| Trade receivables | 40 | €1,278,191 | €1,209,684 | -€68,507 | -5.4% |
| Other amounts receivable | 41 | €32,716 | €4,754 | -€27,962 | -85.5% |
| Cash at bank and in hand | 54/58 | €266,730 | €462,273 | +€195,543 | +73.3% |
| Deferred charges and accrued income | 490/1 | €76,157 | €112,668 | +€36,511 | +47.9% |
| Total equity and liabilities | 10/49 | €3,618,561 | €3,229,308 | -€389,253 | -10.8% |
| Equity | 10/15 | €3,164 | €4,447 | +€1,283 | +40.5% |
| Contributions | 10/11 | €8,321 | €8,321 | = | 0.0% |
| Reserves | 13 | €15,410 | €14,578 | -€832 | -5.4% |
| Tax-exempt reserves | 132 | €14,578 | €14,578 | = | 0.0% |
| Distributable reserves | 133 | €832 | €0 | -€832 | -100% |
| Profit (loss) carried forward | 14 | -€20,566 | -€18,451 | +€2,115 | +10.3% |
| Provisions and deferred taxes | 16 | €214,631 | €316,214 | +€101,583 | +47.3% |
| Provisions for liabilities and charges | 160/5 | €214,631 | €316,214 | +€101,583 | +47.3% |
| Other liabilities and charges | 164/5 | €214,631 | €316,214 | +€101,583 | +47.3% |
| Amounts payable | 17/49 | €3,400,766 | €2,908,647 | -€492,119 | -14.5% |
| Amounts payable after more than one year | 17 | €1,448,411 | €719,962 | -€728,450 | -50.3% |
| Financial debts | 170/4 | €78,411 | €54,962 | -€23,450 | -29.9% |
| Other amounts payable | 178/9 | €1,370,000 | €665,000 | -€705,000 | -51.5% |
| Amounts payable within one year | 42/48 | €1,796,321 | €1,908,063 | +€111,742 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €26,391 | €25,530 | -€862 | -3.3% |
| Financial debts | 43 | €1,281 | €0 | -€1,281 | -100% |
| Credit institutions | 430/8 | €1,281 | €0 | -€1,281 | -100% |
| Trade debts | 44 | €1,059,574 | €905,833 | -€153,740 | -14.5% |
| Suppliers | 440/4 | €1,059,574 | €905,833 | -€153,740 | -14.5% |
| Advances received on contracts in progress | 46 | €97,022 | €172,489 | +€75,468 | +77.8% |
| Taxes, remuneration and social security | 45 | €207,858 | €350,754 | +€142,896 | +68.7% |
| Taxes | 450/3 | €79,237 | €172,017 | +€92,780 | +117% |
| Remuneration and social security | 454/9 | €128,622 | €178,737 | +€50,116 | +39.0% |
| Other amounts payable | 47/48 | €404,195 | €453,456 | +€49,261 | +12.2% |
| Accrued charges and deferred income | 492/3 | €156,034 | €280,622 | +€124,589 | +79.8% |
| Non-recurring operating income | 76A | - | €705,000 | +€705,000 | |
| Remuneration, social security and pensions | 62 | €1,292,551 | €1,402,570 | +€110,019 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,010 | €342,481 | +€21,471 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €254,026 | +€254,026 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €214,631 | €101,583 | -€113,048 | -52.7% |
| Other operating charges | 640/8 | €18,153 | €29,484 | +€11,331 | +62.4% |
| Non-recurring operating charges | 66A | - | €143,140 | +€143,140 | |
| Gross operating margin | 9900 | €1,606,728 | €2,435,338 | +€828,610 | +51.6% |
| Operating profit (loss) | 9901 | -€239,618 | €162,053 | +€401,671 | |
| Financial income | 75/76B | €591,066 | €1,046 | -€590,020 | -99.8% |
| Recurring financial income | 75 | €5,006 | €1,046 | -€3,960 | -79.1% |
| Non-recurring financial income | 76B | €586,060 | - | -€586,060 | |
| Financial charges | 65/66B | €163,326 | €73,751 | -€89,575 | -54.8% |
| Recurring financial charges | 65 | €68,551 | €73,751 | +€5,200 | +7.6% |
| Non-recurring financial charges | 66B | €94,775 | - | -€94,775 | |
| Profit (loss) for the period before taxes | 9903 | €188,122 | €89,348 | -€98,774 | -52.5% |
| Income taxes | 67/77 | €67,436 | €88,065 | +€20,629 | +30.6% |
| Profit (loss) for the period | 9904 | €120,686 | €1,283 | -€119,403 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,686 | €1,283 | -€119,403 | -98.9% |
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 17 October 2026 via checked.be.