W-ENGINEERING: 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-ENGINEERING
Largest movements
- Deferred charges and accrued income -€8,411
down €8,411 (-23.4%), from €35,903 to €27,493
- Cash +€7,727
up €7,727 (+5.7%), from €136,569 to €144,296
mainly Net result for the year (+€23,110) and Deferred charges and accrued income (+€8,411)
- Tangible fixed assets -€2,844
down €2,844 (-39.8%), from €7,144 to €4,300
- Other debts -€23,525
down €23,525 (-12.0%), from €195,761 to €172,236
- Profit (loss) carried forward +€23,110
up €23,110 (+22.5%), from -€102,823 to -€79,713
- Trade debts -€6,247
down €6,247 (-69.6%), from €8,980 to €2,733
- Tax, wage and social debts +€3,498
up €3,498 (+23.9%), from €14,662 to €18,160
of which Taxes: +€6,168
- Gross operating margin -€6,760
down €6,760 (-8.5%), from €79,422 to €72,662
- Financial charges -€3,608
down €3,608 (-7.6%), from €47,522 to €43,914
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 | €212,700 | €209,537 | -€3,163 | -1.5% |
| Fixed assets | 21/28 | €7,144 | €4,300 | -€2,844 | -39.8% |
| Tangible fixed assets | 22/27 | €7,144 | €4,300 | -€2,844 | -39.8% |
| Furniture and vehicles | 24 | €7,144 | €4,300 | -€2,844 | -39.8% |
| Current assets | 29/58 | €205,556 | €205,237 | -€319 | -0.2% |
| Amounts receivable within one year | 40/41 | €33,083 | €33,448 | +€365 | +1.1% |
| Trade receivables | 40 | €32,871 | €33,448 | +€577 | +1.8% |
| Other amounts receivable | 41 | €213 | - | -€213 | |
| Cash at bank and in hand | 54/58 | €136,569 | €144,296 | +€7,727 | +5.7% |
| Deferred charges and accrued income | 490/1 | €35,903 | €27,493 | -€8,411 | -23.4% |
| Total equity and liabilities | 10/49 | €212,700 | €209,537 | -€3,163 | -1.5% |
| Equity | 10/15 | -€6,703 | €16,407 | +€23,110 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €83,720 | €83,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €81,860 | €83,720 | +€1,860 | +2.3% |
| Profit (loss) carried forward | 14 | -€102,823 | -€79,713 | +€23,110 | +22.5% |
| Amounts payable | 17/49 | €219,403 | €193,130 | -€26,273 | -12.0% |
| Amounts payable within one year | 42/48 | €219,403 | €193,130 | -€26,273 | -12.0% |
| Trade debts | 44 | €8,980 | €2,733 | -€6,247 | -69.6% |
| Suppliers | 440/4 | €8,980 | €2,733 | -€6,247 | -69.6% |
| Taxes, remuneration and social security | 45 | €14,662 | €18,160 | +€3,498 | +23.9% |
| Taxes | 450/3 | €11,992 | €18,160 | +€6,168 | +51.4% |
| Remuneration and social security | 454/9 | €2,670 | - | -€2,670 | |
| Other amounts payable | 47/48 | €195,761 | €172,236 | -€23,525 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €3,179 | +€579 | +22.3% |
| Other operating charges | 640/8 | €1,288 | €1,668 | +€380 | +29.5% |
| Gross operating margin | 9900 | €79,422 | €72,662 | -€6,760 | -8.5% |
| Operating profit (loss) | 9901 | €75,535 | €67,815 | -€7,720 | -10.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1871.4% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1871.4% |
| Financial charges | 65/66B | €47,522 | €43,914 | -€3,608 | -7.6% |
| Recurring financial charges | 65 | €47,522 | €43,914 | -€3,608 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €28,014 | €23,903 | -€4,111 | -14.7% |
| Income taxes | 67/77 | €552 | €793 | +€241 | +43.8% |
| Profit (loss) for the period | 9904 | €27,462 | €23,110 | -€4,352 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,462 | €23,110 | -€4,352 | -15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.