FU-WAH: 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.
FU-WAH
Largest movements
- Tangible fixed assets -€15,124
down €15,124 (-3.1%), from €495,205 to €480,081
of which Land and buildings: -€13,634
- Profit (loss) carried forward -€19,658
down €19,658, from €0 to -€19,658
- Other debts +€16,000
up €16,000, from €0 to €16,000
- Reserves -€15,000
down €15,000 (-2.2%), from €694,753 to €679,753
of which Distributable reserves: -€15,000
- Financial income -€7,782
down €7,782 (-100%), from €7,782 to €0
- Taxes +€4,178
up €4,178 (+229%), from €1,822 to €6,000
- Depreciation -€1,978
down €1,978 (-6.9%), from €28,845 to €26,868
- Gross operating margin -€1,428
down €1,428 (-3.3%), from €43,591 to €42,162
- Other operating charges -€1,229
down €1,229 (-7.0%), from €17,641 to €16,413
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €875,166 | €852,036 | -€23,130 | -2.6% |
| Fixed assets | 21/28 | €495,205 | €480,081 | -€15,124 | -3.1% |
| Tangible fixed assets | 22/27 | €495,205 | €480,081 | -€15,124 | -3.1% |
| Land and buildings | 22 | €492,887 | €479,253 | -€13,634 | -2.8% |
| Plant, machinery and equipment | 23 | €1,881 | €827 | -€1,053 | -56.0% |
| Furniture and vehicles | 24 | €437 | €0 | -€437 | -100% |
| Current assets | 29/58 | €379,961 | €371,955 | -€8,006 | -2.1% |
| Amounts receivable within one year | 40/41 | €9,060 | €3,776 | -€5,284 | -58.3% |
| Other amounts receivable | 41 | €9,060 | €3,776 | -€5,284 | -58.3% |
| Current investments | 50/53 | €358,389 | €358,389 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,250 | €9,790 | -€2,459 | -20.1% |
| Deferred charges and accrued income | 490/1 | €262 | €0 | -€262 | -100% |
| Total equity and liabilities | 10/49 | €875,166 | €852,036 | -€23,130 | -2.6% |
| Equity | 10/15 | €868,279 | €833,620 | -€34,658 | -4.0% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €694,753 | €679,753 | -€15,000 | -2.2% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €677,401 | €662,401 | -€15,000 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | -€19,658 | -€19,658 | |
| Amounts payable | 17/49 | €6,887 | €18,416 | +€11,528 | +167% |
| Amounts payable within one year | 42/48 | €6,137 | €18,416 | +€12,278 | +200% |
| Trade debts | 44 | €1,614 | €2,416 | +€802 | +49.7% |
| Suppliers | 440/4 | €1,614 | €2,416 | +€802 | +49.7% |
| Taxes, remuneration and social security | 45 | €4,523 | - | -€4,523 | |
| Taxes | 450/3 | €4,523 | - | -€4,523 | |
| Other amounts payable | 47/48 | €0 | €16,000 | +€16,000 | |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,845 | €26,868 | -€1,978 | -6.9% |
| Other operating charges | 640/8 | €17,641 | €16,413 | -€1,229 | -7.0% |
| Gross operating margin | 9900 | €43,591 | €42,162 | -€1,428 | -3.3% |
| Operating profit (loss) | 9901 | -€2,896 | -€1,118 | +€1,778 | +61.4% |
| Financial income | 75/76B | €7,782 | €0 | -€7,782 | -100% |
| Recurring financial income | 75 | €7,782 | €0 | -€7,782 | -100% |
| Financial charges | 65/66B | €510 | €659 | +€148 | +29.1% |
| Recurring financial charges | 65 | €510 | €659 | +€148 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €4,376 | -€1,777 | -€6,153 | |
| Income taxes | 67/77 | €1,822 | €6,000 | +€4,178 | +229% |
| Profit (loss) for the period | 9904 | €2,554 | -€7,777 | -€10,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,554 | -€7,777 | -€10,331 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.