W. 58: 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. 58
Largest movements
- Cash +€3,777
new in 2025: €3,777
mainly Depreciation (+€2,178) and Other debts (+€2,122)
- Tangible fixed assets -€2,178
down €2,178 (-6.1%), from €35,980 to €33,802
of which Land and buildings: -€2,029
- Other debts +€2,122
up €2,122 (+45.3%), from €4,682 to €6,804
- Tax, wage and social debts -€994
no longer reported in 2025 (was €994)
- Financial income +€6,000
new in 2025: €6,000
- Gross operating margin +€4,251
up €4,251 (+62.2%), from -€6,837 to -€2,586
- Other operating charges -€4,228
no longer reported in 2025 (was €4,228)
- Financial charges -€1,014
down €1,014 (-46.1%), from €2,200 to €1,186
of which Non-recurring financial charges: -€1,435
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 | €87,958 | €89,136 | +€1,179 | +1.3% |
| Fixed assets | 21/28 | €35,980 | €33,802 | -€2,178 | -6.1% |
| Tangible fixed assets | 22/27 | €35,980 | €33,802 | -€2,178 | -6.1% |
| Land and buildings | 22 | €35,800 | €33,771 | -€2,029 | -5.7% |
| Plant, machinery and equipment | 23 | €180 | €31 | -€149 | -82.8% |
| Current assets | 29/58 | €51,978 | €55,335 | +€3,357 | +6.5% |
| Amounts receivable after more than one year | 29 | €49,569 | €49,569 | = | 0.0% |
| Other amounts receivable | 291 | €49,569 | €49,569 | = | 0.0% |
| Stocks and contracts in progress | 3 | €595 | €175 | -€420 | -70.6% |
| Stocks | 30/36 | €595 | €175 | -€420 | -70.6% |
| Amounts receivable within one year | 40/41 | €1,814 | €1,814 | = | 0.0% |
| Other amounts receivable | 41 | €1,814 | €1,814 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €3,777 | +€3,777 | |
| Total equity and liabilities | 10/49 | €87,958 | €89,136 | +€1,179 | +1.3% |
| Equity | 10/15 | €82,275 | €82,326 | +€50 | +0.1% |
| Contributions | 10/11 | €131,384 | €131,384 | = | 0.0% |
| Capital | 10 | €131,384 | €131,384 | = | 0.0% |
| Issued capital | 100 | €131,384 | €131,384 | = | 0.0% |
| Reserves | 13 | €44,355 | €44,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,138 | €13,138 | = | 0.0% |
| Legal reserve | 130 | €13,138 | €13,138 | = | 0.0% |
| Distributable reserves | 133 | €31,216 | €31,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,463 | -€93,412 | +€50 | +0.1% |
| Amounts payable | 17/49 | €5,682 | €6,811 | +€1,128 | +19.9% |
| Amounts payable within one year | 42/48 | €5,682 | €6,811 | +€1,128 | +19.9% |
| Financial debts | 43 | €6 | €6 | = | 0.0% |
| Credit institutions | 430/8 | €6 | €6 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €994 | - | -€994 | |
| Taxes | 450/3 | €994 | - | -€994 | |
| Other amounts payable | 47/48 | €4,682 | €6,804 | +€2,122 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,178 | €2,178 | = | 0.0% |
| Other operating charges | 640/8 | €4,228 | - | -€4,228 | |
| Non-recurring operating charges | 66A | €1,257 | - | -€1,257 | |
| Gross operating margin | 9900 | -€6,837 | -€2,586 | +€4,251 | +62.2% |
| Operating profit (loss) | 9901 | -€14,501 | -€4,764 | +€9,737 | +67.1% |
| Financial income | 75/76B | - | €6,000 | +€6,000 | |
| Recurring financial income | 75 | - | €6,000 | +€6,000 | |
| Financial charges | 65/66B | €2,200 | €1,186 | -€1,014 | -46.1% |
| Recurring financial charges | 65 | €764 | €1,186 | +€421 | +55.1% |
| Non-recurring financial charges | 66B | €1,435 | - | -€1,435 | |
| Profit (loss) for the period before taxes | 9903 | -€16,700 | €50 | +€16,751 | |
| Income taxes | 67/77 | €21 | - | -€21 | |
| Profit (loss) for the period | 9904 | -€16,721 | €50 | +€16,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,721 | €50 | +€16,771 |
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 8 October 2026 via checked.be.