C.W.P.: 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.
C.W.P.
Largest movements
- Receivables within one year +€15,547
up €15,547 (+48.2%), from €32,242 to €47,789
of which Other amounts receivable: +€16,207
- Cash -€9,471
down €9,471 (-42.5%), from €22,304 to €12,833
mainly Contributions, distributions and other (-€68,719) and Receivables within one year (-€15,547)
- Other debts +€65,691
up €65,691, from €0 to €65,691
- Reserves -€56,943
down €56,943 (-56.2%), from €101,368 to €44,425
- Tax, wage and social debts +€10,182
up €10,182 (+185%), from €5,496 to €15,678
of which Taxes: +€7,182
- Trade debts -€6,777
down €6,777 (-88.2%), from €7,685 to €908
- Current portion of long-term debt -€5,815
down €5,815 (-100%), from €5,815 to €0
- Gross operating margin -€10,253
down €10,253 (-36.3%), from €28,262 to €18,009
- Depreciation -€9,861
down €9,861 (-100%), from €9,861 to €0
- Other operating charges +€1,039
up €1,039 (+104%), from €998 to €2,037
- Taxes -€466
down €466 (-5.9%), from €7,892 to €7,426
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 | €135,382 | €142,282 | +€6,901 | +5.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €135,382 | €142,282 | +€6,901 | +5.1% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,242 | €47,789 | +€15,547 | +48.2% |
| Trade receivables | 40 | €10,340 | €9,680 | -€660 | -6.4% |
| Other amounts receivable | 41 | €21,902 | €38,109 | +€16,207 | +74.0% |
| Cash at bank and in hand | 54/58 | €22,304 | €12,833 | -€9,471 | -42.5% |
| Deferred charges and accrued income | 490/1 | €835 | €1,660 | +€825 | +98.7% |
| Total equity and liabilities | 10/49 | €135,382 | €142,282 | +€6,901 | +5.1% |
| Equity | 10/15 | €107,857 | €50,914 | -€56,943 | -52.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,368 | €44,425 | -€56,943 | -56.2% |
| Distributable reserves | 133 | €101,368 | €44,425 | -€56,943 | -56.2% |
| Profit (loss) carried forward | 14 | €289 | €289 | = | 0.0% |
| Amounts payable | 17/49 | €27,525 | €91,368 | +€63,844 | +232% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,413 | €91,368 | +€63,956 | +233% |
| Current portion of amounts payable after more than one year | 42 | €5,815 | €0 | -€5,815 | -100% |
| Financial debts | 43 | €551 | €1,226 | +€675 | +122% |
| Credit institutions | 430/8 | €551 | €1,226 | +€675 | +122% |
| Trade debts | 44 | €7,685 | €908 | -€6,777 | -88.2% |
| Suppliers | 440/4 | €7,685 | €908 | -€6,777 | -88.2% |
| Advances received on contracts in progress | 46 | €7,865 | €7,865 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,496 | €15,678 | +€10,182 | +185% |
| Taxes | 450/3 | €5,496 | €12,678 | +€7,182 | +131% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €0 | €65,691 | +€65,691 | |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,861 | €0 | -€9,861 | -100% |
| Other operating charges | 640/8 | €998 | €2,037 | +€1,039 | +104% |
| Gross operating margin | 9900 | €28,262 | €18,009 | -€10,253 | -36.3% |
| Operating profit (loss) | 9901 | €17,402 | €15,972 | -€1,431 | -8.2% |
| Financial income | 75/76B | €3,808 | €3,808 | = | 0.0% |
| Recurring financial income | 75 | €3,808 | €3,808 | = | 0.0% |
| Financial charges | 65/66B | €767 | €577 | -€190 | -24.7% |
| Recurring financial charges | 65 | €767 | €577 | -€190 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €20,443 | €19,203 | -€1,241 | -6.1% |
| Income taxes | 67/77 | €7,892 | €7,426 | -€466 | -5.9% |
| Profit (loss) for the period | 9904 | €12,551 | €11,776 | -€775 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,551 | €11,776 | -€775 | -6.2% |
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 21 October 2026 via checked.be.