W+: 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.
W+
Largest movements
- Tangible fixed assets -€1,769
down €1,769 (-24.3%), from €7,264 to €5,496
- Cash -€933
down €933 (-28.5%), from €3,279 to €2,346
mainly Other debts (-€4,745) and Trade debts (-€2,258)
- Receivables within one year -€145
down €145 (-100.0%), from €145 to €0
of which Other amounts receivable: -€145
- Other debts -€4,745
down €4,745 (-11.4%), from €41,683 to €36,937
- Profit (loss) carried forward +€4,725
up €4,725 (+8.0%), from -€58,919 to -€54,194
- Trade debts -€2,258
down €2,258 (-32.2%), from €7,005 to €4,747
- Tax, wage and social debts -€529
down €529 (-40.5%), from €1,306 to €777
- Gross operating margin +€14,649
up €14,649, from -€6,335 to €8,314
- Depreciation +€985
up €985 (+125.7%), from €784 to €1,769
- Other operating charges +€629
up €629 (+72.5%), from €868 to €1,497
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 | €11,525 | €8,718 | -€2,807 | -24.4% |
| Fixed assets | 21/28 | €7,264 | €5,496 | -€1,769 | -24.3% |
| Tangible fixed assets | 22/27 | €7,264 | €5,496 | -€1,769 | -24.3% |
| Furniture and vehicles | 24 | €7,264 | €5,496 | -€1,769 | -24.3% |
| Current assets | 29/58 | €4,261 | €3,222 | -€1,038 | -24.4% |
| Amounts receivable within one year | 40/41 | €145 | €0 | -€145 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €145 | €0 | -€145 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,279 | €2,346 | -€933 | -28.5% |
| Deferred charges and accrued income | 490/1 | €837 | €877 | +€40 | +4.8% |
| Total equity and liabilities | 10/49 | €11,525 | €8,718 | -€2,807 | -24.4% |
| Equity | 10/15 | -€38,468 | -€33,743 | +€4,725 | +12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,919 | -€54,194 | +€4,725 | +8.0% |
| Amounts payable | 17/49 | €49,993 | €42,461 | -€7,532 | -15.1% |
| Amounts payable within one year | 42/48 | €49,993 | €42,461 | -€7,532 | -15.1% |
| Trade debts | 44 | €7,005 | €4,747 | -€2,258 | -32.2% |
| Suppliers | 440/4 | €7,005 | €4,747 | -€2,258 | -32.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,306 | €777 | -€529 | -40.5% |
| Taxes | 450/3 | €1,306 | €777 | -€529 | -40.5% |
| Other amounts payable | 47/48 | €41,683 | €36,937 | -€4,745 | -11.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €1,769 | +€985 | +125.7% |
| Other operating charges | 640/8 | €868 | €1,497 | +€629 | +72.5% |
| Gross operating margin | 9900 | -€6,335 | €8,314 | +€14,649 | |
| Operating profit (loss) | 9901 | -€7,986 | €5,048 | +€13,035 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -17.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -17.4% |
| Financial charges | 65/66B | €164 | €168 | +€4 | +2.6% |
| Recurring financial charges | 65 | €164 | €168 | +€4 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,150 | €4,880 | +€13,030 | |
| Income taxes | 67/77 | €176 | €156 | -€21 | -11.7% |
| Profit (loss) for the period | 9904 | -€8,326 | €4,725 | +€13,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,326 | €4,725 | +€13,051 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.