W.E. Bridge: 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.E. Bridge
Largest movements
- Stocks and contracts +€344,598
new in 2025: €344,598
- Cash -€41,824
down €41,824 (-85.9%), from €48,709 to €6,885
mainly Stocks and contracts (-€344,598) and Net result for the year (-€3,785)
- Receivables within one year -€11,682
down €11,682 (-93.2%), from €12,536 to €854
of which Trade receivables: -€10,373
- Tangible fixed assets -€3,853
down €3,853 (-66.7%), from €5,780 to €1,927
- Trade debts +€242,848
up €242,848 (+589%), from €41,215 to €284,063
- Other debts +€30,901
up €30,901 (+7,018%), from €440 to €31,341
- Tax, wage and social debts +€17,275
up €17,275 (+82.4%), from €20,965 to €38,240
of which Remuneration and social security: +€18,240
- Profit (loss) carried forward -€3,785
down €3,785 (-26.7%), from -€14,196 to -€17,981
- Gross operating margin +€19,807
up €19,807, from -€1,327 to €18,481
- Taxes +€17,435
new in 2025: €17,435
- Depreciation +€3,853
new in 2025: €3,853
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.
Derived cash bridge
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 | €67,025 | €354,263 | +€287,239 | +429% |
| Fixed assets | 21/28 | €5,780 | €1,927 | -€3,853 | -66.7% |
| Tangible fixed assets | 22/27 | €5,780 | €1,927 | -€3,853 | -66.7% |
| Furniture and vehicles | 24 | €5,780 | €1,927 | -€3,853 | -66.7% |
| Current assets | 29/58 | €61,245 | €352,337 | +€291,092 | +475% |
| Stocks and contracts in progress | 3 | - | €344,598 | +€344,598 | |
| Stocks | 30/36 | - | €344,598 | +€344,598 | |
| Amounts receivable within one year | 40/41 | €12,536 | €854 | -€11,682 | -93.2% |
| Trade receivables | 40 | €10,373 | €0 | -€10,373 | -100% |
| Other amounts receivable | 41 | €2,163 | €854 | -€1,309 | -60.5% |
| Cash at bank and in hand | 54/58 | €48,709 | €6,885 | -€41,824 | -85.9% |
| Total equity and liabilities | 10/49 | €67,025 | €354,263 | +€287,239 | +429% |
| Equity | 10/15 | €4,404 | €619 | -€3,785 | -85.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,196 | -€17,981 | -€3,785 | -26.7% |
| Amounts payable | 17/49 | €62,621 | €353,645 | +€291,024 | +465% |
| Amounts payable within one year | 42/48 | €62,621 | €353,645 | +€291,024 | +465% |
| Trade debts | 44 | €41,215 | €284,063 | +€242,848 | +589% |
| Suppliers | 440/4 | €41,215 | €284,063 | +€242,848 | +589% |
| Taxes, remuneration and social security | 45 | €20,965 | €38,240 | +€17,275 | +82.4% |
| Taxes | 450/3 | €965 | - | -€965 | |
| Remuneration and social security | 454/9 | €20,000 | €38,240 | +€18,240 | +91.2% |
| Other amounts payable | 47/48 | €440 | €31,341 | +€30,901 | +7,018% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,853 | +€3,853 | |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | -€1,327 | €18,481 | +€19,807 | |
| Operating profit (loss) | 9901 | -€1,327 | €14,553 | +€15,879 | |
| Financial charges | 65/66B | €745 | €903 | +€158 | +21.2% |
| Recurring financial charges | 65 | €745 | €903 | +€158 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,071 | €13,650 | +€15,721 | |
| Income taxes | 67/77 | - | €17,435 | +€17,435 | |
| Profit (loss) for the period | 9904 | -€2,071 | -€3,785 | -€1,714 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,071 | -€3,785 | -€1,714 | -82.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.