W-Business: 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-Business
Largest movements
- Receivables within one year -€33,098
down €33,098 (-49.2%), from €67,313 to €34,216
of which Other amounts receivable: -€34,880
- Tangible fixed assets -€14,381
down €14,381 (-3.3%), from €431,672 to €417,290
of which Land and buildings: -€12,758
- Cash +€11,401
up €11,401 (+140%), from €8,118 to €19,519
mainly Receivables within one year (+€33,098) and Depreciation (+€14,381)
- Debts after one year -€20,736
down €20,736 (-6.2%), from €335,034 to €314,298
- Reserves -€14,558
down €14,558 (-12.2%), from €119,538 to €104,981
- Gross operating margin -€3,272
down €3,272 (-9.9%), from €33,137 to €29,866
- Other operating charges +€1,460
up €1,460 (+492%), from €297 to €1,757
- Depreciation -€1,320
down €1,320 (-8.4%), from €15,702 to €14,381
- Financial charges +€1,053
up €1,053 (+7.0%), from €15,093 to €16,146
- Taxes +€717
up €717 (+514%), from €140 to €857
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 | €527,103 | €492,233 | -€34,871 | -6.6% |
| Fixed assets | 21/28 | €451,672 | €437,290 | -€14,381 | -3.2% |
| Tangible fixed assets | 22/27 | €431,672 | €417,290 | -€14,381 | -3.3% |
| Land and buildings | 22 | €424,910 | €412,152 | -€12,758 | -3.0% |
| Furniture and vehicles | 24 | €6,761 | €5,138 | -€1,623 | -24.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €75,432 | €54,942 | -€20,489 | -27.2% |
| Amounts receivable within one year | 40/41 | €67,313 | €34,216 | -€33,098 | -49.2% |
| Trade receivables | 40 | €12,338 | €14,121 | +€1,783 | +14.4% |
| Other amounts receivable | 41 | €54,975 | €20,095 | -€34,880 | -63.4% |
| Cash at bank and in hand | 54/58 | €8,118 | €19,519 | +€11,401 | +140% |
| Deferred charges and accrued income | 490/1 | €0 | €1,207 | +€1,207 | |
| Total equity and liabilities | 10/49 | €527,103 | €492,233 | -€34,871 | -6.6% |
| Equity | 10/15 | €138,088 | €123,531 | -€14,558 | -10.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €119,538 | €104,981 | -€14,558 | -12.2% |
| Distributable reserves | 133 | €119,538 | €104,981 | -€14,558 | -12.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €389,015 | €368,702 | -€20,313 | -5.2% |
| Amounts payable after more than one year | 17 | €335,034 | €314,298 | -€20,736 | -6.2% |
| Financial debts | 170/4 | €335,034 | €314,298 | -€20,736 | -6.2% |
| Amounts payable within one year | 42/48 | €49,877 | €51,930 | +€2,053 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €19,771 | €20,736 | +€965 | +4.9% |
| Financial debts | 43 | €0 | €1,440 | +€1,440 | |
| Credit institutions | 430/8 | €0 | €1,440 | +€1,440 | |
| Trade debts | 44 | €26,485 | €28,623 | +€2,138 | +8.1% |
| Suppliers | 440/4 | €26,485 | €28,623 | +€2,138 | +8.1% |
| Taxes, remuneration and social security | 45 | €3,621 | €1,130 | -€2,491 | -68.8% |
| Taxes | 450/3 | €3,621 | €1,130 | -€2,491 | -68.8% |
| Accrued charges and deferred income | 492/3 | €4,104 | €2,474 | -€1,630 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,702 | €14,381 | -€1,320 | -8.4% |
| Other operating charges | 640/8 | €297 | €1,757 | +€1,460 | +492% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100% |
| Gross operating margin | 9900 | €33,137 | €29,866 | -€3,272 | -9.9% |
| Operating profit (loss) | 9901 | €12,139 | €13,727 | +€1,589 | +13.1% |
| Financial income | 75/76B | €27 | €34 | +€7 | +27.5% |
| Recurring financial income | 75 | €27 | €34 | +€7 | +27.5% |
| Financial charges | 65/66B | €15,093 | €16,146 | +€1,053 | +7.0% |
| Recurring financial charges | 65 | €15,093 | €16,146 | +€1,053 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,927 | -€2,385 | +€543 | +18.5% |
| Income taxes | 67/77 | €140 | €857 | +€717 | +514% |
| Profit (loss) for the period | 9904 | -€3,067 | -€3,241 | -€174 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,067 | -€3,241 | -€174 | -5.7% |
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 15 October 2026 via checked.be.