W&A SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year +€37,733
up €37,733 (+258%), from €14,637 to €52,370
of which Other amounts receivable: +€38,535
- Cash +€2,042
up €2,042 (+50.4%), from €4,051 to €6,093
mainly Trade debts (+€19,964) and Net result for the year (+€14,728)
- Tangible fixed assets -€1,212
down €1,212 (-9.7%), from €12,537 to €11,325
of which Plant, machinery and equipment: -€2,860
- Deferred charges and accrued income +€869
new in 2025: €869
- Trade debts +€19,964
up €19,964 (+927%), from €2,154 to €22,118
- Reserves +€14,728
up €14,728 (+69.6%), from €21,176 to €35,904
- Tax, wage and social debts +€4,831
up €4,831 (+83.6%), from €5,779 to €10,610
- Gross operating margin -€5,468
down €5,468 (-18.8%), from €29,105 to €23,637
- Depreciation +€1,109
up €1,109 (+62.9%), from €1,763 to €2,872
- Taxes -€885
down €885 (-15.4%), from €5,748 to €4,863
- Other operating charges +€389
up €389 (+94.0%), from €414 to €803
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 | €32,200 | €71,633 | +€39,433 | +122% |
| Fixed assets | 21/28 | €13,512 | €12,300 | -€1,212 | -9.0% |
| Tangible fixed assets | 22/27 | €12,537 | €11,325 | -€1,212 | -9.7% |
| Plant, machinery and equipment | 23 | €12,537 | €9,677 | -€2,860 | -22.8% |
| Furniture and vehicles | 24 | - | €1,648 | +€1,648 | |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €18,688 | €59,332 | +€40,644 | +217% |
| Amounts receivable within one year | 40/41 | €14,637 | €52,370 | +€37,733 | +258% |
| Trade receivables | 40 | €14,637 | €13,835 | -€802 | -5.5% |
| Other amounts receivable | 41 | - | €38,535 | +€38,535 | |
| Cash at bank and in hand | 54/58 | €4,051 | €6,093 | +€2,042 | +50.4% |
| Deferred charges and accrued income | 490/1 | - | €869 | +€869 | |
| Total equity and liabilities | 10/49 | €32,200 | €71,633 | +€39,433 | +122% |
| Equity | 10/15 | €24,176 | €38,904 | +€14,728 | +60.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,176 | €35,904 | +€14,728 | +69.6% |
| Distributable reserves | 133 | €21,176 | €35,904 | +€14,728 | +69.6% |
| Amounts payable | 17/49 | €8,024 | €32,729 | +€24,704 | +308% |
| Amounts payable after more than one year | 17 | €91 | - | -€91 | |
| Other amounts payable | 178/9 | €91 | - | -€91 | |
| Amounts payable within one year | 42/48 | €7,934 | €32,729 | +€24,795 | +313% |
| Trade debts | 44 | €2,154 | €22,118 | +€19,964 | +927% |
| Suppliers | 440/4 | €2,154 | €22,118 | +€19,964 | +927% |
| Taxes, remuneration and social security | 45 | €5,779 | €10,610 | +€4,831 | +83.6% |
| Taxes | 450/3 | €5,779 | €10,610 | +€4,831 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763 | €2,872 | +€1,109 | +62.9% |
| Other operating charges | 640/8 | €414 | €803 | +€389 | +94.0% |
| Gross operating margin | 9900 | €29,105 | €23,637 | -€5,468 | -18.8% |
| Operating profit (loss) | 9901 | €26,928 | €19,961 | -€6,967 | -25.9% |
| Financial income | 75/76B | €154 | €34 | -€120 | -78.0% |
| Recurring financial income | 75 | €154 | €34 | -€120 | -78.0% |
| Financial charges | 65/66B | €158 | €404 | +€246 | +155% |
| Recurring financial charges | 65 | €158 | €404 | +€246 | +155% |
| Profit (loss) for the period before taxes | 9903 | €26,923 | €19,591 | -€7,332 | -27.2% |
| Income taxes | 67/77 | €5,748 | €4,863 | -€885 | -15.4% |
| Profit (loss) for the period | 9904 | €21,176 | €14,728 | -€6,447 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,176 | €14,728 | -€6,447 | -30.4% |
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 20 October 2026 via checked.be.