W CONSEIL: 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 CONSEIL
Largest movements
- Cash -€785,213
down €785,213 (-86.9%), from €903,885 to €118,672
mainly Accrued charges and deferred income (-€728,997) and Other debts (-€195,647)
- Tangible fixed assets -€111,309
down €111,309 (-5.2%), from €2.2m to €2.0m
of which Land and buildings: -€106,885
- Receivables within one year +€52,437
up €52,437 (+146.6%), from €35,765 to €88,202
of which Other amounts receivable: +€34,012
- Accrued charges and deferred income -€728,997
down €728,997 (-41.4%), from €1.8m to €1.0m
- Reserves +€319,750
up €319,750 (+54.6%), from €585,450 to €905,200
of which Distributable reserves: +€425,000
- Other debts -€195,647
down €195,647 (-30.0%), from €651,147 to €455,500
- Debts after one year -€165,828
down €165,828 (-33.0%), from €502,262 to €336,434
- Trade debts -€56,578
down €56,578 (-66.1%), from €85,659 to €29,081
- Financial income +€80,588
up €80,588 (+208.3%), from €38,683 to €119,271
- Financial charges +€56,368
up €56,368 (+207.5%), from €27,164 to €83,532
- Other operating charges +€37,400
up €37,400 (+70.9%), from €52,735 to €90,135
- Gross operating margin -€24,603
down €24,603 (-3.6%), from €684,898 to €660,296
- Taxes -€11,951
down €11,951 (-10.3%), from €116,159 to €104,208
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 | €4,072,749 | €3,207,741 | -€865,008 | -21.2% |
| Fixed assets | 21/28 | €2,158,040 | €2,046,971 | -€111,069 | -5.1% |
| Tangible fixed assets | 22/27 | €2,156,883 | €2,045,574 | -€111,309 | -5.2% |
| Land and buildings | 22 | €2,142,638 | €2,035,753 | -€106,885 | -5.0% |
| Furniture and vehicles | 24 | €14,245 | €9,821 | -€4,424 | -31.1% |
| Financial fixed assets | 28 | €1,157 | €1,397 | +€240 | +20.7% |
| Current assets | 29/58 | €1,914,710 | €1,160,770 | -€753,940 | -39.4% |
| Amounts receivable within one year | 40/41 | €35,765 | €88,202 | +€52,437 | +146.6% |
| Trade receivables | 40 | €32,992 | €51,417 | +€18,425 | +55.8% |
| Other amounts receivable | 41 | €2,773 | €36,784 | +€34,012 | +1226.6% |
| Current investments | 50/53 | €971,454 | €950,000 | -€21,454 | -2.2% |
| Cash at bank and in hand | 54/58 | €903,885 | €118,672 | -€785,213 | -86.9% |
| Deferred charges and accrued income | 490/1 | €3,605 | €3,896 | +€291 | +8.1% |
| Total equity and liabilities | 10/49 | €4,072,749 | €3,207,741 | -€865,008 | -21.2% |
| Equity | 10/15 | €819,713 | €1,140,904 | +€321,191 | +39.2% |
| Contributions | 10/11 | €231,000 | €231,000 | = | 0.0% |
| Reserves | 13 | €585,450 | €905,200 | +€319,750 | +54.6% |
| Tax-exempt reserves | 132 | €105,250 | €0 | -€105,250 | -100.0% |
| Distributable reserves | 133 | €480,200 | €905,200 | +€425,000 | +88.5% |
| Profit (loss) carried forward | 14 | €3,263 | €4,704 | +€1,441 | +44.2% |
| Amounts payable | 17/49 | €3,253,037 | €2,066,837 | -€1.2m | -36.5% |
| Amounts payable after more than one year | 17 | €502,262 | €336,434 | -€165,828 | -33.0% |
| Financial debts | 170/4 | €502,262 | €336,434 | -€165,828 | -33.0% |
| Amounts payable within one year | 42/48 | €988,939 | €697,566 | -€291,374 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €164,256 | €165,828 | +€1,572 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €85,659 | €29,081 | -€56,578 | -66.1% |
| Suppliers | 440/4 | €85,659 | €29,081 | -€56,578 | -66.1% |
| Taxes, remuneration and social security | 45 | €87,878 | €47,157 | -€40,721 | -46.3% |
| Taxes | 450/3 | €87,878 | €47,157 | -€40,721 | -46.3% |
| Other amounts payable | 47/48 | €651,147 | €455,500 | -€195,647 | -30.0% |
| Accrued charges and deferred income | 492/3 | €1,761,835 | €1,032,838 | -€728,997 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,713 | €180,501 | +€3,788 | +2.1% |
| Other operating charges | 640/8 | €52,735 | €90,135 | +€37,400 | +70.9% |
| Gross operating margin | 9900 | €684,898 | €660,296 | -€24,603 | -3.6% |
| Operating profit (loss) | 9901 | €455,451 | €389,660 | -€65,791 | -14.4% |
| Financial income | 75/76B | €38,683 | €119,271 | +€80,588 | +208.3% |
| Recurring financial income | 75 | €38,683 | €119,271 | +€80,588 | +208.3% |
| Financial charges | 65/66B | €27,164 | €83,532 | +€56,368 | +207.5% |
| Recurring financial charges | 65 | €27,164 | €83,532 | +€56,368 | +207.5% |
| Profit (loss) for the period before taxes | 9903 | €466,970 | €425,399 | -€41,571 | -8.9% |
| Income taxes | 67/77 | €116,159 | €104,208 | -€11,951 | -10.3% |
| Profit (loss) for the period | 9904 | €350,811 | €321,191 | -€29,620 | -8.4% |
| Transfer from tax-exempt reserves | 789 | - | €105,250 | +€105,250 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €245,561 | €426,441 | +€180,880 | +73.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.