Groupe W: 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.
Groupe W
Largest movements
- Cash -€103,989
down €103,989 (-48.2%), from €215,743 to €111,754
mainly Debts after one year (-€60,000) and Net result for the year (-€59,151)
- Tangible fixed assets -€35,156
down €35,156 (-29.7%), from €118,493 to €83,337
of which Other tangible fixed assets: -€20,968
- Debts after one year -€60,000
down €60,000 (-14.3%), from €420,000 to €360,000
- Profit (loss) carried forward -€59,151
down €59,151 (-16.4%), from €361,585 to €302,433
- Financial charges -€18,471
down €18,471 (-57.4%), from €32,187 to €13,716
- Other operating charges -€1,156
down €1,156 (-77.2%), from €1,498 to €341
- Gross operating margin -€1,034
down €1,034 (-19.2%), from -€5,396 to -€6,430
- Depreciation +€549
up €549 (+1.5%), from €37,821 to €38,370
- Taxes -€234
down €234 (-44.4%), from €527 to €293
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 | €1,291,948 | €1,150,225 | -€141,723 | -11.0% |
| Fixed assets | 21/28 | €1,040,804 | €1,005,648 | -€35,156 | -3.4% |
| Tangible fixed assets | 22/27 | €118,493 | €83,337 | -€35,156 | -29.7% |
| Furniture and vehicles | 24 | €28,230 | €14,042 | -€14,188 | -50.3% |
| Other tangible fixed assets | 26 | €90,262 | €69,295 | -€20,968 | -23.2% |
| Financial fixed assets | 28 | €922,311 | €922,311 | = | 0.0% |
| Current assets | 29/58 | €251,145 | €144,577 | -€106,567 | -42.4% |
| Amounts receivable within one year | 40/41 | €34,096 | €32,823 | -€1,272 | -3.7% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €15,946 | €14,673 | -€1,272 | -8.0% |
| Cash at bank and in hand | 54/58 | €215,743 | €111,754 | -€103,989 | -48.2% |
| Deferred charges and accrued income | 490/1 | €1,306 | - | -€1,306 | |
| Total equity and liabilities | 10/49 | €1,291,948 | €1,150,225 | -€141,723 | -11.0% |
| Equity | 10/15 | €382,045 | €322,893 | -€59,151 | -15.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €361,585 | €302,433 | -€59,151 | -16.4% |
| Amounts payable | 17/49 | €909,903 | €827,332 | -€82,572 | -9.1% |
| Amounts payable after more than one year | 17 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Financial debts | 170/4 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Amounts payable within one year | 42/48 | €489,903 | €467,332 | -€22,572 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €66,932 | €60,000 | -€6,932 | -10.4% |
| Trade debts | 44 | €6,312 | €4,336 | -€1,976 | -31.3% |
| Suppliers | 440/4 | €6,312 | €4,336 | -€1,976 | -31.3% |
| Taxes, remuneration and social security | 45 | €16,644 | €12,783 | -€3,861 | -23.2% |
| Taxes | 450/3 | €12,144 | €12,783 | +€639 | +5.3% |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €400,015 | €390,213 | -€9,802 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,821 | €38,370 | +€549 | +1.5% |
| Other operating charges | 640/8 | €1,498 | €341 | -€1,156 | -77.2% |
| Gross operating margin | 9900 | -€5,396 | -€6,430 | -€1,034 | -19.2% |
| Operating profit (loss) | 9901 | -€44,715 | -€45,142 | -€428 | -1.0% |
| Financial charges | 65/66B | €32,187 | €13,716 | -€18,471 | -57.4% |
| Recurring financial charges | 65 | €32,187 | €13,716 | -€18,471 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€76,902 | -€58,858 | +€18,043 | +23.5% |
| Income taxes | 67/77 | €527 | €293 | -€234 | -44.4% |
| Profit (loss) for the period | 9904 | -€77,429 | -€59,151 | +€18,277 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,429 | -€59,151 | +€18,277 | +23.6% |
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 27 October 2026 via checked.be.