W.A. & CO: 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.
W.A. & CO
Largest movements
- Cash +€40,428
up €40,428 (+35.4%), from €114,251 to €154,680
mainly Net result for the year (+€38,854) and Depreciation (+€9,534)
- Receivables within one year -€3,922
down €3,922 (-11.4%), from €34,360 to €30,438
of which Trade receivables: -€6,920
- Deferred charges and accrued income +€2,377
up €2,377, from €0 to €2,377
- Reserves +€38,854
up €38,854 (+57.9%), from €67,131 to €105,985
- Gross operating margin +€5,141
up €5,141 (+8.2%), from €63,047 to €68,188
- Depreciation +€2,012
up €2,012 (+26.7%), from €7,522 to €9,534
- Taxes +€725
up €725 (+3.7%), from €19,497 to €20,222
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 | €197,356 | €235,178 | +€37,821 | +19.2% |
| Fixed assets | 21/28 | €48,745 | €47,683 | -€1,062 | -2.2% |
| Tangible fixed assets | 22/27 | €48,625 | €47,563 | -€1,062 | -2.2% |
| Land and buildings | 22 | €45,009 | €38,884 | -€6,125 | -13.6% |
| Plant, machinery and equipment | 23 | €565 | €334 | -€231 | -40.9% |
| Furniture and vehicles | 24 | €3,050 | €8,345 | +€5,295 | +174% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €148,612 | €187,495 | +€38,883 | +26.2% |
| Amounts receivable within one year | 40/41 | €34,360 | €30,438 | -€3,922 | -11.4% |
| Trade receivables | 40 | €23,803 | €16,883 | -€6,920 | -29.1% |
| Other amounts receivable | 41 | €10,557 | €13,555 | +€2,998 | +28.4% |
| Cash at bank and in hand | 54/58 | €114,251 | €154,680 | +€40,428 | +35.4% |
| Deferred charges and accrued income | 490/1 | €0 | €2,377 | +€2,377 | |
| Total equity and liabilities | 10/49 | €197,356 | €235,178 | +€37,821 | +19.2% |
| Equity | 10/15 | €172,182 | €211,036 | +€38,854 | +22.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €67,131 | €105,985 | +€38,854 | +57.9% |
| Distributable reserves | 133 | €67,131 | €105,985 | +€38,854 | +57.9% |
| Profit (loss) carried forward | 14 | €86,051 | €86,051 | = | 0.0% |
| Amounts payable | 17/49 | €25,174 | €24,141 | -€1,033 | -4.1% |
| Amounts payable within one year | 42/48 | €25,174 | €24,141 | -€1,033 | -4.1% |
| Financial debts | 43 | €2,536 | €2,524 | -€12 | -0.5% |
| Credit institutions | 430/8 | €2,536 | €2,524 | -€12 | -0.5% |
| Trade debts | 44 | €755 | €1,117 | +€363 | +48.1% |
| Suppliers | 440/4 | €755 | €1,117 | +€363 | +48.1% |
| Taxes, remuneration and social security | 45 | €21,884 | €20,500 | -€1,384 | -6.3% |
| Taxes | 450/3 | €21,884 | €20,500 | -€1,384 | -6.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,557 | €0 | -€3,557 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,522 | €9,534 | +€2,012 | +26.7% |
| Other operating charges | 640/8 | €613 | €630 | +€18 | +2.9% |
| Gross operating margin | 9900 | €63,047 | €68,188 | +€5,141 | +8.2% |
| Operating profit (loss) | 9901 | €54,913 | €58,024 | +€3,111 | +5.7% |
| Financial income | 75/76B | €871 | €1,327 | +€456 | +52.3% |
| Recurring financial income | 75 | €871 | €1,327 | +€456 | +52.3% |
| Financial charges | 65/66B | €386 | €275 | -€111 | -28.9% |
| Recurring financial charges | 65 | €386 | €275 | -€111 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €55,398 | €59,076 | +€3,678 | +6.6% |
| Income taxes | 67/77 | €19,497 | €20,222 | +€725 | +3.7% |
| Profit (loss) for the period | 9904 | €35,901 | €38,854 | +€2,953 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,901 | €38,854 | +€2,953 | +8.2% |
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 22 October 2026 via checked.be.