W.B.C.: 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.B.C.
Largest movements
- Cash -€6,214
down €6,214 (-8.9%), from €70,177 to €63,964
mainly Net result for the year (-€5,548) and Investment in fixed assets (net) (-€5,236)
- Tangible fixed assets -€4,130
down €4,130 (-12.7%), from €32,602 to €28,472
of which Furniture and vehicles: -€6,163
- Receivables within one year +€2,053
up €2,053 (+17.7%), from €11,566 to €13,619
of which Trade receivables: +€4,963
- Profit (loss) carried forward -€5,548
new in 2025: -€5,548
- Trade debts -€2,722
down €2,722 (-80.2%), from €3,393 to €671
- Gross operating margin -€5,173
down €5,173 (-49.5%), from €10,442 to €5,269
- Depreciation +€1,382
up €1,382 (+17.3%), from €7,984 to €9,366
- Taxes -€583
no longer reported in 2025 (was €583)
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 | €114,857 | €106,587 | -€8,271 | -7.2% |
| Fixed assets | 21/28 | €32,602 | €28,472 | -€4,130 | -12.7% |
| Tangible fixed assets | 22/27 | €32,602 | €28,472 | -€4,130 | -12.7% |
| Plant, machinery and equipment | 23 | €8,727 | €10,760 | +€2,033 | +23.3% |
| Furniture and vehicles | 24 | €23,875 | €17,712 | -€6,163 | -25.8% |
| Current assets | 29/58 | €82,255 | €78,114 | -€4,141 | -5.0% |
| Amounts receivable within one year | 40/41 | €11,566 | €13,619 | +€2,053 | +17.7% |
| Trade receivables | 40 | €2,610 | €7,573 | +€4,963 | +190.2% |
| Other amounts receivable | 41 | €8,956 | €6,046 | -€2,910 | -32.5% |
| Cash at bank and in hand | 54/58 | €70,177 | €63,964 | -€6,214 | -8.9% |
| Deferred charges and accrued income | 490/1 | €512 | €532 | +€20 | +3.9% |
| Total equity and liabilities | 10/49 | €114,857 | €106,587 | -€8,271 | -7.2% |
| Equity | 10/15 | €111,464 | €105,916 | -€5,548 | -5.0% |
| Contributions | 10/11 | €47,400 | €47,400 | = | 0.0% |
| Reserves | 13 | €64,064 | €64,064 | = | 0.0% |
| Distributable reserves | 133 | €64,064 | €64,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,548 | -€5,548 | |
| Amounts payable | 17/49 | €3,393 | €671 | -€2,722 | -80.2% |
| Amounts payable within one year | 42/48 | €3,393 | €671 | -€2,722 | -80.2% |
| Trade debts | 44 | €3,393 | €671 | -€2,722 | -80.2% |
| Suppliers | 440/4 | €3,393 | €671 | -€2,722 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,984 | €9,366 | +€1,382 | +17.3% |
| Other operating charges | 640/8 | €1,238 | €1,318 | +€80 | +6.4% |
| Gross operating margin | 9900 | €10,442 | €5,269 | -€5,173 | -49.5% |
| Operating profit (loss) | 9901 | €1,220 | -€5,415 | -€6,635 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €117 | €134 | +€17 | +14.5% |
| Recurring financial charges | 65 | €117 | €134 | +€17 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,103 | -€5,548 | -€6,652 | |
| Income taxes | 67/77 | €583 | - | -€583 | |
| Profit (loss) for the period | 9904 | €520 | -€5,548 | -€6,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €520 | -€5,548 | -€6,069 |
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 6 October 2026 via checked.be.