To Wash @: 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.
To Wash @
Largest movements
- Receivables within one year +€241,226
up €241,226 (+1,753%), from €13,759 to €254,986
of which Trade receivables: +€206,710
- Tangible fixed assets +€164,856
up €164,856 (+22.9%), from €720,052 to €884,908
of which Plant, machinery and equipment: +€174,993
- Receivables after one year -€25,667
down €25,667 (-16.7%), from €154,000 to €128,333
- Cash +€18,111
up €18,111 (+53.8%), from €33,688 to €51,800
mainly Trade debts (+€262,691) and Depreciation (+€100,450)
- Trade debts +€262,691
up €262,691 (+589%), from €44,586 to €307,277
- Reserves +€64,149
up €64,149 (+25.1%), from €255,633 to €319,782
- Debts after one year +€51,508
up €51,508 (+9.7%), from €529,325 to €580,833
- Tax, wage and social debts -€23,232
down €23,232 (-68.0%), from €34,152 to €10,920
of which Taxes: -€23,943
- Current portion of long-term debt +€23,172
up €23,172 (+18.9%), from €122,547 to €145,718
- Financial income +€60,047
up €60,047 (+12,509,833%), from €0 to €60,048
- Staff costs +€21,992
up €21,992 (+19.8%), from €110,800 to €132,792
- Depreciation +€14,409
up €14,409 (+16.7%), from €86,041 to €100,450
- Gross operating margin +€8,580
up €8,580 (+3.0%), from €284,429 to €293,009
- Taxes -€8,022
down €8,022 (-52.9%), from €15,156 to €7,134
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 | €1,132,307 | €1,522,052 | +€389,745 | +34.4% |
| Fixed assets | 21/28 | €897,164 | €1,062,020 | +€164,856 | +18.4% |
| Tangible fixed assets | 22/27 | €720,052 | €884,908 | +€164,856 | +22.9% |
| Land and buildings | 22 | €107,205 | €105,188 | -€2,017 | -1.9% |
| Plant, machinery and equipment | 23 | €585,778 | €760,771 | +€174,993 | +29.9% |
| Furniture and vehicles | 24 | €11,981 | €11,364 | -€617 | -5.1% |
| Leasing and similar rights | 25 | €15,087 | €7,585 | -€7,503 | -49.7% |
| Financial fixed assets | 28 | €177,113 | €177,113 | = | 0.0% |
| Current assets | 29/58 | €235,143 | €460,032 | +€224,889 | +95.6% |
| Amounts receivable after more than one year | 29 | €154,000 | €128,333 | -€25,667 | -16.7% |
| Trade receivables | 290 | €154,000 | €128,333 | -€25,667 | -16.7% |
| Stocks and contracts in progress | 3 | €27,500 | €17,500 | -€10,000 | -36.4% |
| Stocks | 30/36 | €27,500 | €17,500 | -€10,000 | -36.4% |
| Amounts receivable within one year | 40/41 | €13,759 | €254,986 | +€241,226 | +1,753% |
| Trade receivables | 40 | €9,699 | €216,409 | +€206,710 | +2,131% |
| Other amounts receivable | 41 | €4,060 | €38,577 | +€34,517 | +850% |
| Cash at bank and in hand | 54/58 | €33,688 | €51,800 | +€18,111 | +53.8% |
| Deferred charges and accrued income | 490/1 | €6,195 | €7,413 | +€1,218 | +19.7% |
| Total equity and liabilities | 10/49 | €1,132,307 | €1,522,052 | +€389,745 | +34.4% |
| Equity | 10/15 | €315,633 | €379,782 | +€64,149 | +20.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €255,633 | €319,782 | +€64,149 | +25.1% |
| Distributable reserves | 133 | €255,633 | €319,782 | +€64,149 | +25.1% |
| Amounts payable | 17/49 | €816,673 | €1,142,270 | +€325,597 | +39.9% |
| Amounts payable after more than one year | 17 | €529,325 | €580,833 | +€51,508 | +9.7% |
| Financial debts | 170/4 | €529,325 | €580,833 | +€51,508 | +9.7% |
| Amounts payable within one year | 42/48 | €284,645 | €559,318 | +€274,673 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €122,547 | €145,718 | +€23,172 | +18.9% |
| Financial debts | 43 | €3,382 | €20,225 | +€16,843 | +498% |
| Credit institutions | 430/8 | €3,382 | €20,225 | +€16,843 | +498% |
| Trade debts | 44 | €44,586 | €307,277 | +€262,691 | +589% |
| Suppliers | 440/4 | €44,586 | €307,277 | +€262,691 | +589% |
| Taxes, remuneration and social security | 45 | €34,152 | €10,920 | -€23,232 | -68.0% |
| Taxes | 450/3 | €24,481 | €538 | -€23,943 | -97.8% |
| Remuneration and social security | 454/9 | €9,671 | €10,382 | +€711 | +7.4% |
| Other amounts payable | 47/48 | €79,978 | €75,178 | -€4,800 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,704 | €2,120 | -€584 | -21.6% |
| Remuneration, social security and pensions | 62 | €110,800 | €132,792 | +€21,992 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,041 | €100,450 | +€14,409 | +16.7% |
| Other operating charges | 640/8 | €11,736 | €9,161 | -€2,575 | -21.9% |
| Gross operating margin | 9900 | €284,429 | €293,009 | +€8,580 | +3.0% |
| Operating profit (loss) | 9901 | €75,852 | €50,606 | -€25,246 | -33.3% |
| Financial income | 75/76B | €0 | €60,048 | +€60,047 | +12,509,833% |
| Recurring financial income | 75 | €0 | €60,048 | +€60,047 | +12,509,833% |
| Financial charges | 65/66B | €37,827 | €39,372 | +€1,545 | +4.1% |
| Recurring financial charges | 65 | €37,827 | €39,372 | +€1,545 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €38,026 | €71,282 | +€33,256 | +87.5% |
| Income taxes | 67/77 | €15,156 | €7,134 | -€8,022 | -52.9% |
| Profit (loss) for the period | 9904 | €22,871 | €64,149 | +€41,278 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €22,871 | €64,149 | +€41,278 | +180% |
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 15 October 2026 via checked.be.