W FINANCIAL: 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 FINANCIAL
Largest movements
- Cash +€11,650
up €11,650 (+161%), from €7,233 to €18,884
mainly Other debts (+€32,921) and Net result for the year (+€26,017)
- Tangible fixed assets -€8,444
down €8,444 (-7.1%), from €119,664 to €111,220
of which Land and buildings: -€8,444
- Other debts +€32,921
up €32,921 (+31.9%), from €103,176 to €136,097
- Debts after one year -€14,687
down €14,687 (-10.2%), from €144,686 to €129,999
of which Financial debts: -€14,687
- Profit (loss) carried forward -€11,483
down €11,483 (-31.1%), from €36,902 to €25,419
- Gross operating margin -€10,732
down €10,732 (-20.4%), from €52,606 to €41,874
- Taxes -€5,909
down €5,909 (-66.5%), from €8,882 to €2,973
- Financial charges -€894
down €894 (-28.2%), from €3,171 to €2,277
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 | €326,023 | €329,204 | +€3,181 | +1.0% |
| Fixed assets | 21/28 | €294,664 | €286,220 | -€8,444 | -2.9% |
| Tangible fixed assets | 22/27 | €119,664 | €111,220 | -€8,444 | -7.1% |
| Land and buildings | 22 | €118,179 | €109,735 | -€8,444 | -7.1% |
| Furniture and vehicles | 24 | €1,485 | €1,485 | = | 0.0% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €31,359 | €42,984 | +€11,624 | +37.1% |
| Amounts receivable within one year | 40/41 | €24,000 | €24,000 | = | 0.0% |
| Trade receivables | 40 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,233 | €18,884 | +€11,650 | +161% |
| Deferred charges and accrued income | 490/1 | €126 | €100 | -€26 | -20.7% |
| Total equity and liabilities | 10/49 | €326,023 | €329,204 | +€3,181 | +1.0% |
| Equity | 10/15 | €51,162 | €39,679 | -€11,483 | -22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,902 | €25,419 | -€11,483 | -31.1% |
| Amounts payable | 17/49 | €274,861 | €289,524 | +€14,663 | +5.3% |
| Amounts payable after more than one year | 17 | €144,686 | €129,999 | -€14,687 | -10.2% |
| Financial debts | 170/4 | €84,686 | €69,999 | -€14,687 | -17.3% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,175 | €158,586 | +€28,411 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €14,385 | €14,687 | +€302 | +2.1% |
| Trade debts | 44 | €4,109 | €2,456 | -€1,654 | -40.2% |
| Suppliers | 440/4 | €4,109 | €2,456 | -€1,654 | -40.2% |
| Taxes, remuneration and social security | 45 | €8,505 | €5,346 | -€3,158 | -37.1% |
| Taxes | 450/3 | €8,505 | €5,346 | -€3,158 | -37.1% |
| Other amounts payable | 47/48 | €103,176 | €136,097 | +€32,921 | +31.9% |
| Accrued charges and deferred income | 492/3 | - | €939 | +€939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,444 | €8,444 | = | 0.0% |
| Other operating charges | 640/8 | €1,957 | €2,163 | +€206 | +10.5% |
| Non-recurring operating charges | 66A | €1,023 | €0 | -€1,023 | -100% |
| Gross operating margin | 9900 | €52,606 | €41,874 | -€10,732 | -20.4% |
| Operating profit (loss) | 9901 | €41,182 | €31,267 | -€9,914 | -24.1% |
| Financial charges | 65/66B | €3,171 | €2,277 | -€894 | -28.2% |
| Recurring financial charges | 65 | €3,171 | €2,277 | -€894 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €38,011 | €28,990 | -€9,020 | -23.7% |
| Income taxes | 67/77 | €8,882 | €2,973 | -€5,909 | -66.5% |
| Profit (loss) for the period | 9904 | €29,129 | €26,017 | -€3,111 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,129 | €26,017 | -€3,111 | -10.7% |
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 21 October 2026 via checked.be.