W DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Cash +€4,632
up €4,632 (+883.2%), from €524 to €5,157
mainly Deferred charges and accrued income (+€2,336) and Tax, wage and social debts (+€1,525)
- Deferred charges and accrued income -€2,336
no longer reported in 2025 (was €2,336)
- Receivables within one year -€206
down €206 (-3.7%), from €5,627 to €5,421
of which Other amounts receivable: -€503
- Tax, wage and social debts +€1,525
up €1,525 (+82.5%), from €1,850 to €3,375
- Other debts -€1,189
down €1,189 (-10.8%), from €11,006 to €9,817
- Trade debts +€1,187
up €1,187 (+1694.5%), from €70 to €1,257
- Profit (loss) carried forward +€650
up €650 (+16.8%), from -€3,874 to -€3,224
- Taxes +€831
up €831 (+72.2%), from €1,151 to €1,982
- Other operating charges -€428
down €428 (-22.6%), from €1,898 to €1,470
- Gross operating margin +€178
up €178 (+3.4%), from €5,260 to €5,438
- Depreciation +€149
up €149 (+14.1%), from €1,056 to €1,205
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 | €14,052 | €16,226 | +€2,174 | +15.5% |
| Fixed assets | 21/28 | €5,564 | €5,648 | +€84 | +1.5% |
| Tangible fixed assets | 22/27 | €5,564 | €5,648 | +€84 | +1.5% |
| Furniture and vehicles | 24 | €718 | €1,394 | +€676 | +94.1% |
| Other tangible fixed assets | 26 | €4,846 | €4,254 | -€592 | -12.2% |
| Current assets | 29/58 | €8,488 | €10,578 | +€2,090 | +24.6% |
| Amounts receivable within one year | 40/41 | €5,627 | €5,421 | -€206 | -3.7% |
| Trade receivables | 40 | €5,124 | €5,421 | +€297 | +5.8% |
| Other amounts receivable | 41 | €503 | - | -€503 | |
| Cash at bank and in hand | 54/58 | €524 | €5,157 | +€4,632 | +883.2% |
| Deferred charges and accrued income | 490/1 | €2,336 | - | -€2,336 | |
| Total equity and liabilities | 10/49 | €14,052 | €16,226 | +€2,174 | +15.5% |
| Equity | 10/15 | €1,126 | €1,776 | +€650 | +57.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,874 | -€3,224 | +€650 | +16.8% |
| Amounts payable | 17/49 | €12,926 | €14,450 | +€1,524 | +11.8% |
| Amounts payable within one year | 42/48 | €12,926 | €14,450 | +€1,524 | +11.8% |
| Trade debts | 44 | €70 | €1,257 | +€1,187 | +1694.5% |
| Suppliers | 440/4 | €70 | €1,257 | +€1,187 | +1694.5% |
| Taxes, remuneration and social security | 45 | €1,850 | €3,375 | +€1,525 | +82.5% |
| Taxes | 450/3 | €1,850 | €3,375 | +€1,525 | +82.5% |
| Other amounts payable | 47/48 | €11,006 | €9,817 | -€1,189 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056 | €1,205 | +€149 | +14.1% |
| Other operating charges | 640/8 | €1,898 | €1,470 | -€428 | -22.6% |
| Gross operating margin | 9900 | €5,260 | €5,438 | +€178 | +3.4% |
| Operating profit (loss) | 9901 | €2,306 | €2,763 | +€457 | +19.8% |
| Financial charges | 65/66B | €143 | €131 | -€12 | -8.5% |
| Recurring financial charges | 65 | €143 | €131 | -€12 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €2,163 | €2,632 | +€469 | +21.7% |
| Income taxes | 67/77 | €1,151 | €1,982 | +€831 | +72.2% |
| Profit (loss) for the period | 9904 | €1,012 | €650 | -€362 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012 | €650 | -€362 | -35.7% |
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 5 October 2026 via checked.be.