W&A Services: 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&A Services
Largest movements
- Tangible fixed assets -€12,092
down €12,092 (-10.3%), from €117,329 to €105,237
of which Plant, machinery and equipment: -€18,619
- Cash -€7,128
down €7,128 (-24.7%), from €28,915 to €21,787
mainly Current portion of long-term debt (-€38,690) and Investment in fixed assets (net) (-€11,000)
- Current investments +€5,500
up €5,500 (+16.9%), from €32,500 to €38,000
- Deferred charges and accrued income -€3,756
down €3,756 (-56.7%), from €6,627 to €2,872
- Current portion of long-term debt -€38,690
down €38,690 (-86.6%), from €44,690 to €6,000
- Reserves +€13,042
up €13,042 (+14.2%), from €91,860 to €104,902
of which Distributable reserves: +€103,042
- Tax, wage and social debts +€9,011
up €9,011 (+200.5%), from €4,494 to €13,504
- Debts after one year -€6,000
down €6,000 (-66.7%), from €9,000 to €3,000
- Accrued charges and deferred income +€3,774
up €3,774 (+12.6%), from €29,931 to €33,705
- Gross operating margin +€22,159
up €22,159 (+60.7%), from €36,524 to €58,683
- Taxes +€9,929
up €9,929 (+50476.5%), from €20 to €9,948
- Other operating charges +€6,837
up €6,837 (+133.0%), from €5,140 to €11,977
- Depreciation -€6,449
down €6,449 (-21.8%), from €29,542 to €23,092
- Financial charges -€714
down €714 (-17.9%), from €3,995 to €3,281
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 | €226,829 | €208,172 | -€18,657 | -8.2% |
| Fixed assets | 21/28 | €117,329 | €105,237 | -€12,092 | -10.3% |
| Tangible fixed assets | 22/27 | €117,329 | €105,237 | -€12,092 | -10.3% |
| Land and buildings | 22 | €1,120 | €120 | -€1,000 | -89.3% |
| Plant, machinery and equipment | 23 | €104,068 | €85,449 | -€18,619 | -17.9% |
| Furniture and vehicles | 24 | €12,141 | €19,668 | +€7,527 | +62.0% |
| Current assets | 29/58 | €109,500 | €102,935 | -€6,565 | -6.0% |
| Amounts receivable within one year | 40/41 | €41,458 | €40,276 | -€1,182 | -2.8% |
| Trade receivables | 40 | €27,074 | €27,924 | +€850 | +3.1% |
| Other amounts receivable | 41 | €14,383 | €12,352 | -€2,031 | -14.1% |
| Current investments | 50/53 | €32,500 | €38,000 | +€5,500 | +16.9% |
| Cash at bank and in hand | 54/58 | €28,915 | €21,787 | -€7,128 | -24.7% |
| Deferred charges and accrued income | 490/1 | €6,627 | €2,872 | -€3,756 | -56.7% |
| Total equity and liabilities | 10/49 | €226,829 | €208,172 | -€18,657 | -8.2% |
| Equity | 10/15 | €133,083 | €144,143 | +€11,060 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,860 | €104,902 | +€13,042 | +14.2% |
| Non-distributable reserves | 130/1 | €91,860 | €1,860 | -€90,000 | -98.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €90,000 | - | -€90,000 | |
| Distributable reserves | 133 | - | €103,042 | +€103,042 | |
| Profit (loss) carried forward | 14 | €25,114 | €25,114 | = | 0.0% |
| Investment grants | 15 | €9,909 | €7,927 | -€1,982 | -20.0% |
| Provisions and deferred taxes | 16 | €3,303 | €2,642 | -€661 | -20.0% |
| Deferred taxes | 168 | €3,303 | €2,642 | -€661 | -20.0% |
| Amounts payable | 17/49 | €90,443 | €61,386 | -€29,057 | -32.1% |
| Amounts payable after more than one year | 17 | €9,000 | €3,000 | -€6,000 | -66.7% |
| Financial debts | 170/4 | €9,000 | €3,000 | -€6,000 | -66.7% |
| Amounts payable within one year | 42/48 | €51,512 | €24,681 | -€26,831 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €44,690 | €6,000 | -€38,690 | -86.6% |
| Trade debts | 44 | €1,821 | €4,669 | +€2,849 | +156.5% |
| Suppliers | 440/4 | €1,821 | €4,669 | +€2,849 | +156.5% |
| Taxes, remuneration and social security | 45 | €4,494 | €13,504 | +€9,011 | +200.5% |
| Taxes | 450/3 | €4,494 | €13,504 | +€9,011 | +200.5% |
| Other amounts payable | 47/48 | €508 | €508 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €29,931 | €33,705 | +€3,774 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,542 | €23,092 | -€6,449 | -21.8% |
| Other operating charges | 640/8 | €5,140 | €11,977 | +€6,837 | +133.0% |
| Gross operating margin | 9900 | €36,524 | €58,683 | +€22,159 | +60.7% |
| Operating profit (loss) | 9901 | €1,843 | €23,614 | +€21,771 | +1181.6% |
| Financial income | 75/76B | €2,048 | €1,997 | -€51 | -2.5% |
| Recurring financial income | 75 | €2,048 | €1,997 | -€51 | -2.5% |
| Financial charges | 65/66B | €3,995 | €3,281 | -€714 | -17.9% |
| Recurring financial charges | 65 | €3,995 | €3,281 | -€714 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€105 | €22,330 | +€22,435 | |
| Transfer from deferred taxes | 780 | €661 | €661 | = | 0.0% |
| Income taxes | 67/77 | €20 | €9,948 | +€9,929 | +50476.5% |
| Profit (loss) for the period | 9904 | €536 | €13,042 | +€12,506 | +2332.7% |
| Profit (loss) for the period to be appropriated | 9905 | €536 | €13,042 | +€12,506 | +2332.7% |
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 5 October 2026 via checked.be.