W-Design: 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-Design
Largest movements
- Stocks and contracts -€22,790
down €22,790 (-26.3%), from €86,534 to €63,744
- Receivables within one year +€14,566
up €14,566 (+28.5%), from €51,074 to €65,640
of which Other amounts receivable: +€8,073
- Tangible fixed assets -€8,725
down €8,725 (-15.9%), from €54,762 to €46,037
- Profit (loss) carried forward -€36,760
down €36,760 (-7.7%), from -€478,342 to -€515,102
- Trade debts +€17,390
up €17,390 (+5.0%), from €347,713 to €365,103
- Accrued charges and deferred income +€3,900
up €3,900 (+26.4%), from €14,770 to €18,670
- Staff costs -€33,181
down €33,181 (-63.1%), from €52,579 to €19,399
- Gross operating margin -€14,891
down €14,891, from €14,859 to -€33
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 | €195,549 | €180,220 | -€15,329 | -7.8% |
| Fixed assets | 21/28 | €54,762 | €46,037 | -€8,725 | -15.9% |
| Tangible fixed assets | 22/27 | €54,762 | €46,037 | -€8,725 | -15.9% |
| Plant, machinery and equipment | 23 | €54,762 | €46,037 | -€8,725 | -15.9% |
| Current assets | 29/58 | €140,787 | €134,183 | -€6,604 | -4.7% |
| Stocks and contracts in progress | 3 | €86,534 | €63,744 | -€22,790 | -26.3% |
| Stocks | 30/36 | €86,534 | €63,744 | -€22,790 | -26.3% |
| Amounts receivable within one year | 40/41 | €51,074 | €65,640 | +€14,566 | +28.5% |
| Trade receivables | 40 | €30,092 | €36,585 | +€6,493 | +21.6% |
| Other amounts receivable | 41 | €20,982 | €29,055 | +€8,073 | +38.5% |
| Cash at bank and in hand | 54/58 | €2,537 | €4,157 | +€1,620 | +63.9% |
| Deferred charges and accrued income | 490/1 | €642 | €642 | = | 0.0% |
| Total equity and liabilities | 10/49 | €195,549 | €180,220 | -€15,329 | -7.8% |
| Equity | 10/15 | -€427,882 | -€464,642 | -€36,760 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€478,342 | -€515,102 | -€36,760 | -7.7% |
| Amounts payable | 17/49 | €623,431 | €644,862 | +€21,431 | +3.4% |
| Amounts payable within one year | 42/48 | €608,661 | €626,192 | +€17,531 | +2.9% |
| Financial debts | 43 | €260,000 | €260,000 | = | 0.0% |
| Other loans | 439 | €260,000 | €260,000 | = | 0.0% |
| Trade debts | 44 | €347,713 | €365,103 | +€17,390 | +5.0% |
| Suppliers | 440/4 | €347,713 | €365,103 | +€17,390 | +5.0% |
| Taxes, remuneration and social security | 45 | €90 | €231 | +€141 | +156.6% |
| Taxes | 450/3 | €90 | €231 | +€141 | +156.6% |
| Other amounts payable | 47/48 | €858 | €858 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,770 | €18,670 | +€3,900 | +26.4% |
| Remuneration, social security and pensions | 62 | €52,579 | €19,399 | -€33,181 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,725 | €8,725 | = | 0.0% |
| Other operating charges | 640/8 | €3,000 | €2,906 | -€93 | -3.1% |
| Gross operating margin | 9900 | €14,859 | -€33 | -€14,891 | |
| Operating profit (loss) | 9901 | -€49,445 | -€31,063 | +€18,382 | +37.2% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €5,664 | €5,697 | +€33 | +0.6% |
| Recurring financial charges | 65 | €5,664 | €5,697 | +€33 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,087 | -€36,760 | +€18,326 | +33.3% |
| Profit (loss) for the period | 9904 | -€55,087 | -€36,760 | +€18,326 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,087 | -€36,760 | +€18,326 | +33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.