W-Car: 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-Car
Largest movements
- Cash +€68,921
up €68,921 (+1723.2%), from €4,000 to €72,920
mainly Net result for the year (+€36,388) and Depreciation (+€19,775)
- Receivables within one year +€7,357
up €7,357 (+115.4%), from €6,376 to €13,733
of which Trade receivables: +€6,814
- Tangible fixed assets +€6,450
up €6,450 (+8.3%), from €77,981 to €84,431
of which Furniture and vehicles: +€5,495
- Reserves +€34,720
up €34,720 (+890.3%), from €3,900 to €38,620
- Tax, wage and social debts +€17,177
up €17,177 (+383.3%), from €4,481 to €21,658
of which Remuneration and social security: +€9,345
- Accrued charges and deferred income +€13,357
up €13,357 (+3026.7%), from €441 to €13,798
- Trade debts +€9,437
up €9,437 (+192.7%), from €4,898 to €14,336
- Debts after one year +€6,126
up €6,126 (+12.8%), from €47,953 to €54,079
- Gross operating margin +€118,104
up €118,104 (+546.6%), from €21,609 to €139,713
- Staff costs +€61,481
new in 2025: €61,481
- Depreciation +€8,716
up €8,716 (+78.8%), from €11,060 to €19,775
- Taxes +€8,299
up €8,299 (+404.9%), from €2,050 to €10,348
- Other operating charges +€7,775
up €7,775 (+770.7%), from €1,009 to €8,784
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 | €92,248 | €175,548 | +€83,300 | +90.3% |
| Fixed assets | 21/28 | €80,614 | €87,064 | +€6,450 | +8.0% |
| Tangible fixed assets | 22/27 | €77,981 | €84,431 | +€6,450 | +8.3% |
| Plant, machinery and equipment | 23 | - | €1,643 | +€1,643 | |
| Furniture and vehicles | 24 | €72,564 | €78,059 | +€5,495 | +7.6% |
| Other tangible fixed assets | 26 | €5,417 | €4,729 | -€688 | -12.7% |
| Financial fixed assets | 28 | €2,634 | €2,634 | = | 0.0% |
| Current assets | 29/58 | €11,633 | €88,484 | +€76,851 | +660.6% |
| Amounts receivable within one year | 40/41 | €6,376 | €13,733 | +€7,357 | +115.4% |
| Trade receivables | 40 | €6,121 | €12,935 | +€6,814 | +111.3% |
| Other amounts receivable | 41 | €256 | €799 | +€543 | +212.5% |
| Cash at bank and in hand | 54/58 | €4,000 | €72,920 | +€68,921 | +1723.2% |
| Deferred charges and accrued income | 490/1 | €1,258 | €1,831 | +€573 | +45.6% |
| Total equity and liabilities | 10/49 | €92,248 | €175,548 | +€83,300 | +90.3% |
| Equity | 10/15 | €8,983 | €43,705 | +€34,722 | +386.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,900 | €38,620 | +€34,720 | +890.3% |
| Distributable reserves | 133 | €3,900 | €38,620 | +€34,720 | +890.3% |
| Profit (loss) carried forward | 14 | €83 | €85 | +€2 | +1.8% |
| Amounts payable | 17/49 | €83,264 | €131,843 | +€48,579 | +58.3% |
| Amounts payable after more than one year | 17 | €47,953 | €54,079 | +€6,126 | +12.8% |
| Financial debts | 170/4 | €47,953 | €54,079 | +€6,126 | +12.8% |
| Amounts payable within one year | 42/48 | €34,870 | €63,966 | +€29,096 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €12,698 | €17,169 | +€4,471 | +35.2% |
| Trade debts | 44 | €4,898 | €14,336 | +€9,437 | +192.7% |
| Suppliers | 440/4 | €4,898 | €14,336 | +€9,437 | +192.7% |
| Advances received on contracts in progress | 46 | €1,400 | - | -€1,400 | |
| Taxes, remuneration and social security | 45 | €4,481 | €21,658 | +€17,177 | +383.3% |
| Taxes | 450/3 | €4,481 | €12,313 | +€7,832 | +174.8% |
| Remuneration and social security | 454/9 | - | €9,345 | +€9,345 | |
| Other amounts payable | 47/48 | €11,393 | €10,803 | -€589 | -5.2% |
| Accrued charges and deferred income | 492/3 | €441 | €13,798 | +€13,357 | +3026.7% |
| Remuneration, social security and pensions | 62 | - | €61,481 | +€61,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,060 | €19,775 | +€8,716 | +78.8% |
| Other operating charges | 640/8 | €1,009 | €8,784 | +€7,775 | +770.7% |
| Gross operating margin | 9900 | €21,609 | €139,713 | +€118,104 | +546.6% |
| Operating profit (loss) | 9901 | €9,540 | €49,673 | +€40,133 | +420.7% |
| Financial income | 75/76B | €13 | €1,629 | +€1,616 | +12506.0% |
| Recurring financial income | 75 | €13 | €1,629 | +€1,616 | +12506.0% |
| Financial charges | 65/66B | €2,320 | €4,566 | +€2,246 | +96.8% |
| Recurring financial charges | 65 | €2,320 | €4,566 | +€2,246 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €7,234 | €46,736 | +€39,502 | +546.1% |
| Income taxes | 67/77 | €2,050 | €10,348 | +€8,299 | +404.9% |
| Profit (loss) for the period | 9904 | €5,184 | €36,388 | +€31,204 | +601.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,184 | €36,388 | +€31,204 | +601.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.