W-Charge: 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-Charge
Largest movements
- Receivables within one year -€62,251
down €62,251 (-72.1%), from €86,285 to €24,035
of which Other amounts receivable: -€52,185
- Cash +€26,827
up €26,827 (+4976.4%), from €539 to €27,366
mainly Receivables within one year (+€62,251) and Debts after one year (+€26,218)
- Tangible fixed assets -€1,661
down €1,661 (-22.5%), from €7,386 to €5,725
of which Furniture and vehicles: -€1,211
- Stocks and contracts +€983
up €983 (+98.3%), from €1,000 to €1,983
- Other debts -€40,666
down €40,666 (-100.0%), from €40,666 to €0
- Trade debts -€32,091
down €32,091 (-83.8%), from €38,297 to €6,206
- Debts after one year +€26,218
new in 2025: €26,218
- Current portion of long-term debt +€5,492
new in 2025: €5,492
- Reserves +€4,500
new in 2025: €4,500
- Gross operating margin -€49,499
down €49,499 (-84.9%), from €58,334 to €8,835
- Taxes -€12,276
down €12,276 (-87.0%), from €14,115 to €1,840
- Financial income +€1,629
up €1,629 (+84.6%), from €1,926 to €3,556
- Financial charges +€1,394
up €1,394 (+137.8%), from €1,011 to €2,405
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 | €96,423 | €59,934 | -€36,489 | -37.8% |
| Fixed assets | 21/28 | €7,387 | €5,725 | -€1,662 | -22.5% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -39.2% |
| Tangible fixed assets | 22/27 | €7,386 | €5,725 | -€1,661 | -22.5% |
| Plant, machinery and equipment | 23 | €3,309 | €3,175 | -€134 | -4.1% |
| Furniture and vehicles | 24 | €2,720 | €1,508 | -€1,211 | -44.5% |
| Other tangible fixed assets | 26 | €1,357 | €1,042 | -€316 | -23.3% |
| Current assets | 29/58 | €89,036 | €54,209 | -€34,827 | -39.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,983 | +€983 | +98.3% |
| Stocks | 30/36 | €1,000 | €1,983 | +€983 | +98.3% |
| Amounts receivable within one year | 40/41 | €86,285 | €24,035 | -€62,251 | -72.1% |
| Trade receivables | 40 | €16,061 | €5,996 | -€10,065 | -62.7% |
| Other amounts receivable | 41 | €70,224 | €18,039 | -€52,185 | -74.3% |
| Cash at bank and in hand | 54/58 | €539 | €27,366 | +€26,827 | +4976.4% |
| Deferred charges and accrued income | 490/1 | €1,212 | €825 | -€387 | -31.9% |
| Total equity and liabilities | 10/49 | €96,423 | €59,934 | -€36,489 | -37.8% |
| Equity | 10/15 | €3,000 | €7,500 | +€4,500 | +150.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €4,500 | +€4,500 | |
| Distributable reserves | 133 | - | €4,500 | +€4,500 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,423 | €52,434 | -€40,989 | -43.9% |
| Amounts payable after more than one year | 17 | - | €26,218 | +€26,218 | |
| Financial debts | 170/4 | - | €26,218 | +€26,218 | |
| Amounts payable within one year | 42/48 | €93,078 | €25,728 | -€67,350 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,492 | +€5,492 | |
| Trade debts | 44 | €38,297 | €6,206 | -€32,091 | -83.8% |
| Suppliers | 440/4 | €38,297 | €6,206 | -€32,091 | -83.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,115 | €14,030 | -€85 | -0.6% |
| Taxes | 450/3 | €14,115 | €14,030 | -€85 | -0.6% |
| Other amounts payable | 47/48 | €40,666 | €0 | -€40,666 | -100.0% |
| Accrued charges and deferred income | 492/3 | €345 | €488 | +€143 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,947 | €2,784 | -€162 | -5.5% |
| Other operating charges | 640/8 | €599 | €862 | +€262 | +43.8% |
| Gross operating margin | 9900 | €58,334 | €8,835 | -€49,499 | -84.9% |
| Operating profit (loss) | 9901 | €54,788 | €5,189 | -€49,599 | -90.5% |
| Financial income | 75/76B | €1,926 | €3,556 | +€1,629 | +84.6% |
| Recurring financial income | 75 | €1,926 | €3,556 | +€1,629 | +84.6% |
| Financial charges | 65/66B | €1,011 | €2,405 | +€1,394 | +137.8% |
| Recurring financial charges | 65 | €1,011 | €2,405 | +€1,394 | +137.8% |
| Profit (loss) for the period before taxes | 9903 | €55,703 | €6,340 | -€49,364 | -88.6% |
| Income taxes | 67/77 | €14,115 | €1,840 | -€12,276 | -87.0% |
| Profit (loss) for the period | 9904 | €41,588 | €4,500 | -€37,088 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,588 | €4,500 | -€37,088 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.