W&Di: 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&Di
Largest movements
- Stocks and contracts +€824,456
up €824,456 (+16.1%), from €5.1m to €6.0m
- Cash -€119,521
down €119,521 (-23.8%), from €502,668 to €383,147
mainly Stocks and contracts (-€824,456) and Net result for the year (-€225,000)
- Accrued charges and deferred income +€515,454
up €515,454 (+5420.6%), from €9,509 to €524,963
- Current portion of long-term debt +€255,000
up €255,000 (+76.1%), from €335,000 to €590,000
- Profit (loss) carried forward -€225,000
down €225,000 (-2412.2%), from -€9,327 to -€234,328
- Provisions +€210,501
new in 2025: €210,501
- Debts after one year -€119,035
down €119,035 (-2.4%), from €5.0m to €4.9m
- Other operating charges +€211,114
up €211,114 (+41776.6%), from €505 to €211,619
- Financial charges +€9,848
up €9,848 (+1455.5%), from €677 to €10,524
- Gross operating margin +€4,631
up €4,631 (+61.0%), from -€7,585 to -€2,954
- Financial income +€98
new in 2025: €98
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 | €5,649,431 | €6,356,385 | +€706,954 | +12.5% |
| Current assets | 29/58 | €5,649,431 | €6,356,385 | +€706,954 | +12.5% |
| Stocks and contracts in progress | 3 | €5,127,359 | €5,951,815 | +€824,456 | +16.1% |
| Stocks | 30/36 | €5,127,359 | €5,951,815 | +€824,456 | +16.1% |
| Amounts receivable within one year | 40/41 | €19,405 | €21,423 | +€2,018 | +10.4% |
| Trade receivables | 40 | €5,000 | €18,431 | +€13,431 | +268.6% |
| Other amounts receivable | 41 | €14,405 | €2,992 | -€11,413 | -79.2% |
| Cash at bank and in hand | 54/58 | €502,668 | €383,147 | -€119,521 | -23.8% |
| Total equity and liabilities | 10/49 | €5,649,431 | €6,356,385 | +€706,954 | +12.5% |
| Equity | 10/15 | €40,673 | -€184,328 | -€225,000 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,327 | -€234,328 | -€225,000 | -2412.2% |
| Provisions and deferred taxes | 16 | - | €210,501 | +€210,501 | |
| Provisions for liabilities and charges | 160/5 | - | €210,501 | +€210,501 | |
| Other liabilities and charges | 164/5 | - | €210,501 | +€210,501 | |
| Amounts payable | 17/49 | €5,608,759 | €6,330,212 | +€721,453 | +12.9% |
| Amounts payable after more than one year | 17 | €5,028,035 | €4,909,000 | -€119,035 | -2.4% |
| Financial debts | 170/4 | €5,028,035 | €4,909,000 | -€119,035 | -2.4% |
| Amounts payable within one year | 42/48 | €571,214 | €896,249 | +€325,034 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €335,000 | €590,000 | +€255,000 | +76.1% |
| Trade debts | 44 | €36,715 | €3,459 | -€33,256 | -90.6% |
| Suppliers | 440/4 | €36,715 | €3,459 | -€33,256 | -90.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €199,500 | €302,790 | +€103,290 | +51.8% |
| Accrued charges and deferred income | 492/3 | €9,509 | €524,963 | +€515,454 | +5420.6% |
| Other operating charges | 640/8 | €505 | €211,619 | +€211,114 | +41776.6% |
| Gross operating margin | 9900 | -€7,585 | -€2,954 | +€4,631 | +61.0% |
| Operating profit (loss) | 9901 | -€8,090 | -€214,574 | -€206,483 | -2552.2% |
| Financial income | 75/76B | - | €98 | +€98 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Financial charges | 65/66B | €677 | €10,524 | +€9,848 | +1455.5% |
| Recurring financial charges | 65 | €677 | €10,524 | +€9,848 | +1455.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,767 | -€225,000 | -€216,233 | -2466.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,767 | -€225,000 | -€216,233 | -2466.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,767 | -€225,000 | -€216,233 | -2466.4% |
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 8 October 2026 via checked.be.