CW & YY: 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.
CW & YY
Largest movements
- Tangible fixed assets +€47,113
up €47,113 (+22.2%), from €211,755 to €258,867
of which Furniture and vehicles: +€50,927
- Cash -€41,538
down €41,538 (-18.7%), from €221,954 to €180,416
mainly Other debts (-€134,813) and Investment in fixed assets (net) (-€84,411)
- Other debts -€134,813
down €134,813 (-67.3%), from €200,390 to €65,577
- Reserves +€105,693
up €105,693 (+63.5%), from €166,374 to €272,067
- Tax, wage and social debts +€28,732
up €28,732 (+59.6%), from €48,189 to €76,921
of which Remuneration and social security: +€39,035
- Debts after one year +€12,471
up €12,471 (+80.9%), from €15,421 to €27,892
- Trade debts -€4,786
down €4,786 (-30.4%), from €15,728 to €10,942
- Gross operating margin +€25,046
up €25,046 (+14.4%), from €174,025 to €199,071
- Taxes +€6,643
up €6,643 (+25.5%), from €26,035 to €32,678
- Depreciation +€3,464
up €3,464 (+9.4%), from €36,960 to €40,423
- Staff costs -€2,434
down €2,434 (-13.9%), from €17,538 to €15,104
- Other operating charges -€2,316
down €2,316 (-49.3%), from €4,694 to €2,379
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 | €462,884 | €470,622 | +€7,738 | +1.7% |
| Fixed assets | 21/28 | €230,505 | €274,492 | +€43,988 | +19.1% |
| Intangible fixed assets | 21 | €18,750 | €15,625 | -€3,125 | -16.7% |
| Tangible fixed assets | 22/27 | €211,755 | €258,867 | +€47,113 | +22.2% |
| Plant, machinery and equipment | 23 | €18,854 | €15,040 | -€3,814 | -20.2% |
| Furniture and vehicles | 24 | €192,901 | €243,827 | +€50,927 | +26.4% |
| Current assets | 29/58 | €232,379 | €196,130 | -€36,249 | -15.6% |
| Stocks and contracts in progress | 3 | €1,249 | €1,833 | +€584 | +46.8% |
| Stocks | 30/36 | €1,249 | €1,833 | +€584 | +46.8% |
| Amounts receivable within one year | 40/41 | €3,710 | €6,130 | +€2,420 | +65.2% |
| Trade receivables | 40 | - | €3,622 | +€3,622 | |
| Other amounts receivable | 41 | €3,710 | €2,508 | -€1,201 | -32.4% |
| Cash at bank and in hand | 54/58 | €221,954 | €180,416 | -€41,538 | -18.7% |
| Deferred charges and accrued income | 490/1 | €5,467 | €7,752 | +€2,285 | +41.8% |
| Total equity and liabilities | 10/49 | €462,884 | €470,622 | +€7,738 | +1.7% |
| Equity | 10/15 | €171,374 | €277,067 | +€105,693 | +61.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €166,374 | €272,067 | +€105,693 | +63.5% |
| Distributable reserves | 133 | €166,374 | €272,067 | +€105,693 | +63.5% |
| Amounts payable | 17/49 | €291,510 | €193,555 | -€97,955 | -33.6% |
| Amounts payable after more than one year | 17 | €15,421 | €27,892 | +€12,471 | +80.9% |
| Financial debts | 170/4 | €15,421 | €27,892 | +€12,471 | +80.9% |
| Amounts payable within one year | 42/48 | €276,089 | €165,663 | -€110,426 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €11,781 | €12,223 | +€441 | +3.7% |
| Trade debts | 44 | €15,728 | €10,942 | -€4,786 | -30.4% |
| Suppliers | 440/4 | €15,728 | €10,942 | -€4,786 | -30.4% |
| Taxes, remuneration and social security | 45 | €48,189 | €76,921 | +€28,732 | +59.6% |
| Taxes | 450/3 | €27,030 | €16,727 | -€10,303 | -38.1% |
| Remuneration and social security | 454/9 | €21,159 | €60,194 | +€39,035 | +184% |
| Other amounts payable | 47/48 | €200,390 | €65,577 | -€134,813 | -67.3% |
| Non-recurring operating income | 76A | - | €14,458 | +€14,458 | |
| Remuneration, social security and pensions | 62 | €17,538 | €15,104 | -€2,434 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,960 | €40,423 | +€3,464 | +9.4% |
| Other operating charges | 640/8 | €4,694 | €2,379 | -€2,316 | -49.3% |
| Non-recurring operating charges | 66A | - | €142 | +€142 | |
| Gross operating margin | 9900 | €174,025 | €199,071 | +€25,046 | +14.4% |
| Operating profit (loss) | 9901 | €114,833 | €141,023 | +€26,190 | +22.8% |
| Financial income | 75/76B | €707 | €626 | -€81 | -11.5% |
| Recurring financial income | 75 | €707 | €626 | -€81 | -11.5% |
| Financial charges | 65/66B | €2,204 | €3,277 | +€1,073 | +48.7% |
| Recurring financial charges | 65 | €2,204 | €3,277 | +€1,073 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €113,335 | €138,372 | +€25,036 | +22.1% |
| Income taxes | 67/77 | €26,035 | €32,678 | +€6,643 | +25.5% |
| Profit (loss) for the period | 9904 | €87,300 | €105,693 | +€18,393 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,300 | €105,693 | +€18,393 | +21.1% |
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 15 October 2026 via checked.be.