W-bouw: 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-bouw
Largest movements
- Stocks and contracts +€353,933
up €353,933 (+168%), from €210,659 to €564,592
of which Stocks: +€195,527
- Receivables within one year -€52,220
down €52,220 (-24.4%), from €214,326 to €162,106
of which Trade receivables: -€50,026
- Cash -€51,830
down €51,830 (-82.4%), from €62,878 to €11,048
mainly Stocks and contracts (-€353,933) and Trade debts (-€34,596)
- Debts after one year +€200,000
new in 2026: €200,000
- Short-term financial debts +€50,273
new in 2026: €50,273
- Trade debts -€34,596
down €34,596 (-9.4%), from €369,790 to €335,194
- Reserves +€30,898
up €30,898 (+26.7%), from €115,936 to €146,834
- Gross operating margin +€4,953
up €4,953 (+13.8%), from €36,000 to €40,953
- Financial income -€3,791
down €3,791 (-51.0%), from €7,432 to €3,642
- Financial charges +€2,063
up €2,063 (+257%), from €802 to €2,865
- Other operating charges -€1,409
down €1,409 (-72.0%), from €1,957 to €548
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,603 | €744,841 | +€252,238 | +51.2% |
| Current assets | 29/58 | €492,603 | €744,841 | +€252,238 | +51.2% |
| Stocks and contracts in progress | 3 | €210,659 | €564,592 | +€353,933 | +168% |
| Stocks | 30/36 | €2,959 | €198,486 | +€195,527 | +6,608% |
| Contracts in progress | 37 | €207,700 | €366,107 | +€158,406 | +76.3% |
| Amounts receivable within one year | 40/41 | €214,326 | €162,106 | -€52,220 | -24.4% |
| Trade receivables | 40 | €176,448 | €126,422 | -€50,026 | -28.4% |
| Other amounts receivable | 41 | €37,878 | €35,685 | -€2,193 | -5.8% |
| Cash at bank and in hand | 54/58 | €62,878 | €11,048 | -€51,830 | -82.4% |
| Deferred charges and accrued income | 490/1 | €4,740 | €7,095 | +€2,355 | +49.7% |
| Total equity and liabilities | 10/49 | €492,603 | €744,841 | +€252,238 | +51.2% |
| Equity | 10/15 | €116,936 | €147,834 | +€30,898 | +26.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €115,936 | €146,834 | +€30,898 | +26.7% |
| Distributable reserves | 133 | €115,936 | €146,834 | +€30,898 | +26.7% |
| Amounts payable | 17/49 | €375,667 | €597,007 | +€221,340 | +58.9% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €375,667 | €393,487 | +€17,820 | +4.7% |
| Financial debts | 43 | - | €50,273 | +€50,273 | |
| Credit institutions | 430/8 | - | €50,273 | +€50,273 | |
| Trade debts | 44 | €369,790 | €335,194 | -€34,596 | -9.4% |
| Suppliers | 440/4 | €369,790 | €335,194 | -€34,596 | -9.4% |
| Taxes, remuneration and social security | 45 | €5,877 | €8,020 | +€2,143 | +36.5% |
| Taxes | 450/3 | €5,877 | €8,020 | +€2,143 | +36.5% |
| Accrued charges and deferred income | 492/3 | - | €3,520 | +€3,520 | |
| Other operating charges | 640/8 | €1,957 | €548 | -€1,409 | -72.0% |
| Gross operating margin | 9900 | €36,000 | €40,953 | +€4,953 | +13.8% |
| Operating profit (loss) | 9901 | €34,043 | €40,405 | +€6,362 | +18.7% |
| Financial income | 75/76B | €7,432 | €3,642 | -€3,791 | -51.0% |
| Recurring financial income | 75 | €7,432 | €3,642 | -€3,791 | -51.0% |
| Financial charges | 65/66B | €802 | €2,865 | +€2,063 | +257% |
| Recurring financial charges | 65 | €802 | €2,865 | +€2,063 | +257% |
| Profit (loss) for the period before taxes | 9903 | €40,674 | €41,182 | +€508 | +1.2% |
| Income taxes | 67/77 | €10,531 | €10,284 | -€247 | -2.3% |
| Profit (loss) for the period | 9904 | €30,143 | €30,898 | +€755 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,143 | €30,898 | +€755 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.