DE WIP: 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.
DE WIP
Largest movements
- Cash +€178,757
up €178,757 (+388%), from €46,125 to €224,882
mainly Net result for the year (+€81,910) and Depreciation (+€46,223)
- Receivables within one year -€29,576
down €29,576 (-68.2%), from €43,353 to €13,777
of which Trade receivables: -€29,064
- Tangible fixed assets -€27,072
down €27,072 (-9.7%), from €278,757 to €251,685
of which Plant, machinery and equipment: -€27,423
- Financial fixed assets -€5,500
down €5,500 (-100%), from €5,500 to €0
- Reserves +€53,376
up €53,376 (+136%), from €39,360 to €92,736
of which Distributable reserves: +€53,376
- Other debts -€42,029
down €42,029 (-12.4%), from €337,743 to €295,714
- Trade debts +€31,187
up €31,187 (+1,348%), from €2,313 to €33,501
- Profit (loss) carried forward +€28,534
up €28,534, from -€28,534 to €0
- Accrued charges and deferred income +€26,352
new in 2025: €26,352
- Gross operating margin +€149,879
up €149,879 (+313%), from €47,897 to €197,776
- Taxes +€25,930
new in 2025: €25,930
- Staff costs +€20,320
up €20,320 (+88.7%), from €22,911 to €43,231
- Depreciation +€10,535
up €10,535 (+29.5%), from €35,688 to €46,223
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 | €380,409 | €495,489 | +€115,079 | +30.3% |
| Fixed assets | 21/28 | €284,257 | €251,685 | -€32,572 | -11.5% |
| Tangible fixed assets | 22/27 | €278,757 | €251,685 | -€27,072 | -9.7% |
| Land and buildings | 22 | €193,662 | €192,989 | -€672 | -0.3% |
| Plant, machinery and equipment | 23 | €85,095 | €57,672 | -€27,423 | -32.2% |
| Furniture and vehicles | 24 | - | €1,024 | +€1,024 | |
| Financial fixed assets | 28 | €5,500 | €0 | -€5,500 | -100% |
| Current assets | 29/58 | €96,153 | €243,804 | +€147,651 | +154% |
| Stocks and contracts in progress | 3 | €4,223 | €4,916 | +€693 | +16.4% |
| Stocks | 30/36 | €4,223 | €4,916 | +€693 | +16.4% |
| Amounts receivable within one year | 40/41 | €43,353 | €13,777 | -€29,576 | -68.2% |
| Trade receivables | 40 | €42,841 | €13,777 | -€29,064 | -67.8% |
| Other amounts receivable | 41 | €513 | €0 | -€513 | -100% |
| Cash at bank and in hand | 54/58 | €46,125 | €224,882 | +€178,757 | +388% |
| Deferred charges and accrued income | 490/1 | €2,451 | €228 | -€2,223 | -90.7% |
| Total equity and liabilities | 10/49 | €380,409 | €495,489 | +€115,079 | +30.3% |
| Equity | 10/15 | €29,426 | €111,336 | +€81,910 | +278% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,360 | €92,736 | +€53,376 | +136% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €39,360 | €92,736 | +€53,376 | +136% |
| Profit (loss) carried forward | 14 | -€28,534 | €0 | +€28,534 | |
| Amounts payable | 17/49 | €350,983 | €384,153 | +€33,169 | +9.5% |
| Amounts payable within one year | 42/48 | €350,983 | €357,801 | +€6,817 | +1.9% |
| Trade debts | 44 | €2,313 | €33,501 | +€31,187 | +1,348% |
| Suppliers | 440/4 | €2,313 | €33,501 | +€31,187 | +1,348% |
| Taxes, remuneration and social security | 45 | €10,927 | €28,586 | +€17,659 | +162% |
| Taxes | 450/3 | €5,195 | €26,586 | +€21,392 | +412% |
| Remuneration and social security | 454/9 | €5,732 | €2,000 | -€3,732 | -65.1% |
| Other amounts payable | 47/48 | €337,743 | €295,714 | -€42,029 | -12.4% |
| Accrued charges and deferred income | 492/3 | - | €26,352 | +€26,352 | |
| Non-recurring operating income | 76A | - | €232 | +€232 | |
| Remuneration, social security and pensions | 62 | €22,911 | €43,231 | +€20,320 | +88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,688 | €46,223 | +€10,535 | +29.5% |
| Other operating charges | 640/8 | €594 | €0 | -€594 | -100% |
| Gross operating margin | 9900 | €47,897 | €197,776 | +€149,879 | +313% |
| Operating profit (loss) | 9901 | -€11,296 | €108,322 | +€119,618 | |
| Financial income | 75/76B | €3 | €8 | +€5 | +180% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +180% |
| Financial charges | 65/66B | €181 | €490 | +€310 | +171% |
| Recurring financial charges | 65 | €181 | €490 | +€310 | +171% |
| Profit (loss) for the period before taxes | 9903 | -€11,474 | €107,840 | +€119,314 | |
| Income taxes | 67/77 | - | €25,930 | +€25,930 | |
| Profit (loss) for the period | 9904 | -€11,474 | €81,910 | +€93,384 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,474 | €81,910 | +€93,384 |
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 16 October 2026 via checked.be.