I.W.S.: 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.
I.W.S.
Largest movements
- Deferred charges and accrued income -€4,499
down €4,499 (-30.0%), from €14,997 to €10,498
- Cash +€3,247
up €3,247 (+20.4%), from €15,899 to €19,147
mainly Other debts (+€7,245) and Net result for the year (+€6,716)
- Tangible fixed assets -€2,943
down €2,943 (-43.2%), from €6,813 to €3,870
- Receivables within one year -€2,417
down €2,417 (-12.6%), from €19,236 to €16,819
of which Trade receivables: -€2,945
- Reserves -€12,761
down €12,761 (-50.1%), from €25,458 to €12,697
- Other debts +€7,245
up €7,245 (+28.8%), from €25,169 to €32,415
- Tax, wage and social debts -€1,818
down €1,818 (-36.3%), from €5,005 to €3,187
- Trade debts +€722
up €722 (+230%), from €314 to €1,036
- Gross operating margin -€1,577
down €1,577 (-9.6%), from €16,386 to €14,808
- Taxes +€584
up €584 (+15.2%), from €3,830 to €4,414
- Other operating charges -€386
down €386 (-84.1%), from €459 to €73
- Depreciation -€251
down €251 (-7.9%), from €3,194 to €2,943
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 | €56,945 | €50,334 | -€6,612 | -11.6% |
| Fixed assets | 21/28 | €6,813 | €3,870 | -€2,943 | -43.2% |
| Tangible fixed assets | 22/27 | €6,813 | €3,870 | -€2,943 | -43.2% |
| Furniture and vehicles | 24 | €6,813 | €3,870 | -€2,943 | -43.2% |
| Current assets | 29/58 | €50,132 | €46,463 | -€3,669 | -7.3% |
| Amounts receivable within one year | 40/41 | €19,236 | €16,819 | -€2,417 | -12.6% |
| Trade receivables | 40 | €19,236 | €16,290 | -€2,945 | -15.3% |
| Other amounts receivable | 41 | - | €528 | +€528 | |
| Cash at bank and in hand | 54/58 | €15,899 | €19,147 | +€3,247 | +20.4% |
| Deferred charges and accrued income | 490/1 | €14,997 | €10,498 | -€4,499 | -30.0% |
| Total equity and liabilities | 10/49 | €56,945 | €50,334 | -€6,612 | -11.6% |
| Equity | 10/15 | €26,458 | €13,697 | -€12,761 | -48.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,458 | €12,697 | -€12,761 | -50.1% |
| Distributable reserves | 133 | €25,458 | €12,697 | -€12,761 | -50.1% |
| Amounts payable | 17/49 | €30,488 | €36,637 | +€6,149 | +20.2% |
| Amounts payable within one year | 42/48 | €30,488 | €36,637 | +€6,149 | +20.2% |
| Trade debts | 44 | €314 | €1,036 | +€722 | +230% |
| Suppliers | 440/4 | €314 | €1,036 | +€722 | +230% |
| Taxes, remuneration and social security | 45 | €5,005 | €3,187 | -€1,818 | -36.3% |
| Taxes | 450/3 | €5,005 | €3,187 | -€1,818 | -36.3% |
| Other amounts payable | 47/48 | €25,169 | €32,415 | +€7,245 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,194 | €2,943 | -€251 | -7.9% |
| Other operating charges | 640/8 | €459 | €73 | -€386 | -84.1% |
| Gross operating margin | 9900 | €16,386 | €14,808 | -€1,577 | -9.6% |
| Operating profit (loss) | 9901 | €12,732 | €11,792 | -€940 | -7.4% |
| Financial charges | 65/66B | €669 | €663 | -€6 | -1.0% |
| Recurring financial charges | 65 | €669 | €663 | -€6 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €12,063 | €11,130 | -€934 | -7.7% |
| Income taxes | 67/77 | €3,830 | €4,414 | +€584 | +15.2% |
| Profit (loss) for the period | 9904 | €8,233 | €6,716 | -€1,517 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,233 | €6,716 | -€1,517 | -18.4% |
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 20 October 2026 via checked.be.