W-Advies: 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-Advies
Largest movements
- Receivables within one year +€9,528
up €9,528 (+5.4%), from €174,842 to €184,370
of which Trade receivables: +€12,176
- Cash +€9,395
up €9,395 (+23.6%), from €39,774 to €49,169
mainly Net result for the year (+€71,952) and Other debts (+€7,460)
- Other debts +€7,460
up €7,460 (+10.8%), from €68,800 to €76,260
- Reserves +€6,952
up €6,952 (+8.6%), from €80,465 to €87,417
of which Distributable reserves: +€6,952
- Accrued charges and deferred income +€2,800
new in 2025: €2,800
- Gross operating margin -€4,130
down €4,130 (-4.0%), from €103,547 to €99,417
- Other operating charges -€2,832
down €2,832 (-85.9%), from €3,297 to €465
- Taxes -€1,330
down €1,330 (-4.8%), from €27,522 to €26,192
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 | €214,616 | €233,539 | +€18,923 | +8.8% |
| Current assets | 29/58 | €214,616 | €233,539 | +€18,923 | +8.8% |
| Amounts receivable within one year | 40/41 | €174,842 | €184,370 | +€9,528 | +5.4% |
| Trade receivables | 40 | - | €12,176 | +€12,176 | |
| Other amounts receivable | 41 | €174,842 | €172,194 | -€2,648 | -1.5% |
| Cash at bank and in hand | 54/58 | €39,774 | €49,169 | +€9,395 | +23.6% |
| Total equity and liabilities | 10/49 | €214,616 | €233,539 | +€18,923 | +8.8% |
| Equity | 10/15 | €86,665 | €93,617 | +€6,952 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,465 | €87,417 | +€6,952 | +8.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,605 | €85,557 | +€6,952 | +8.8% |
| Amounts payable | 17/49 | €127,951 | €139,922 | +€11,971 | +9.4% |
| Amounts payable within one year | 42/48 | €127,951 | €137,122 | +€9,171 | +7.2% |
| Taxes, remuneration and social security | 45 | €59,151 | €60,862 | +€1,711 | +2.9% |
| Taxes | 450/3 | €59,151 | €60,862 | +€1,711 | +2.9% |
| Other amounts payable | 47/48 | €68,800 | €76,260 | +€7,460 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €2,800 | +€2,800 | |
| Non-recurring operating income | 76A | €8,192 | €8,552 | +€360 | +4.4% |
| Other operating charges | 640/8 | €3,297 | €465 | -€2,832 | -85.9% |
| Gross operating margin | 9900 | €103,547 | €99,417 | -€4,130 | -4.0% |
| Operating profit (loss) | 9901 | €100,250 | €98,952 | -€1,298 | -1.3% |
| Financial charges | 65/66B | €480 | €807 | +€327 | +68.2% |
| Recurring financial charges | 65 | €480 | €807 | +€327 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €99,770 | €98,145 | -€1,625 | -1.6% |
| Income taxes | 67/77 | €27,522 | €26,192 | -€1,330 | -4.8% |
| Profit (loss) for the period | 9904 | €72,247 | €71,952 | -€295 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,247 | €71,952 | -€295 | -0.4% |
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 21 October 2026 via checked.be.