RWI: what changed
Two fiscal 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.
RWI
Largest movements
- Cash +€89,819
up €89,819 (+408.8%), from €21,973 to €111,792
mainly Net result for the year (+€81,281) and Depreciation (+€14,908)
- Tangible fixed assets -€10,879
down €10,879 (-15.9%), from €68,253 to €57,374
of which Furniture and vehicles: -€11,263
- Receivables within one year -€2,808
down €2,808 (-8.7%), from €32,398 to €29,590
- Reserves +€81,281
up €81,281 (+90.6%), from €89,692 to €170,973
- Tax, wage and social debts -€7,030
down €7,030 (-28.7%), from €24,513 to €17,483
- Taxes -€11,928
down €11,928 (-34.6%), from €34,481 to €22,553
- Gross operating margin -€10,654
down €10,654 (-8.2%), from €129,923 to €119,269
- Depreciation +€10,001
up €10,001 (+203.8%), from €4,907 to €14,908
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.
Cash bridge derived
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 | €122,624 | €198,756 | +€76,132 | +62.1% |
| Fixed assets | 21/28 | €68,253 | €57,374 | -€10,879 | -15.9% |
| Tangible fixed assets | 22/27 | €68,253 | €57,374 | -€10,879 | -15.9% |
| Plant, machinery and equipment | 23 | €15,319 | €15,703 | +€384 | +2.5% |
| Furniture and vehicles | 24 | €52,934 | €41,671 | -€11,263 | -21.3% |
| Current assets | 29/58 | €54,371 | €141,382 | +€87,011 | +160.0% |
| Amounts receivable within one year | 40/41 | €32,398 | €29,590 | -€2,808 | -8.7% |
| Trade receivables | 40 | €32,398 | €29,590 | -€2,808 | -8.7% |
| Cash at bank and in hand | 54/58 | €21,973 | €111,792 | +€89,819 | +408.8% |
| Total equity and liabilities | 10/49 | €122,624 | €198,756 | +€76,132 | +62.1% |
| Equity | 10/15 | €96,692 | €177,973 | +€81,281 | +84.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €89,692 | €170,973 | +€81,281 | +90.6% |
| Distributable reserves | 133 | €89,692 | €170,973 | +€81,281 | +90.6% |
| Amounts payable | 17/49 | €25,932 | €20,783 | -€5,149 | -19.9% |
| Amounts payable within one year | 42/48 | €25,932 | €20,783 | -€5,149 | -19.9% |
| Trade debts | 44 | €85 | €1,507 | +€1,422 | +1672.9% |
| Suppliers | 440/4 | €69 | €1,507 | +€1,438 | +2084.1% |
| Bills of exchange payable | 441 | €16 | - | -€16 | |
| Taxes, remuneration and social security | 45 | €24,513 | €17,483 | -€7,030 | -28.7% |
| Taxes | 450/3 | €24,513 | €17,483 | -€7,030 | -28.7% |
| Other amounts payable | 47/48 | €1,334 | €1,793 | +€459 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,907 | €14,908 | +€10,001 | +203.8% |
| Other operating charges | 640/8 | €833 | €462 | -€371 | -44.5% |
| Gross operating margin | 9900 | €129,923 | €119,269 | -€10,654 | -8.2% |
| Operating profit (loss) | 9901 | €124,183 | €103,899 | -€20,284 | -16.3% |
| Financial income | 75/76B | €26 | €43 | +€17 | +65.4% |
| Recurring financial income | 75 | €26 | €43 | +€17 | +65.4% |
| Financial charges | 65/66B | €36 | €108 | +€72 | +200.0% |
| Recurring financial charges | 65 | €36 | €108 | +€72 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €124,173 | €103,834 | -€20,339 | -16.4% |
| Income taxes | 67/77 | €34,481 | €22,553 | -€11,928 | -34.6% |
| Profit (loss) for the period | 9904 | €89,692 | €81,281 | -€8,411 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,692 | €81,281 | -€8,411 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.