W&G: 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&G
Largest movements
- Receivables within one year -€3,412
down €3,412 (-25.9%), from €13,179 to €9,768
of which Other amounts receivable: -€2,387
- Tangible fixed assets -€1,040
down €1,040 (-35.3%), from €2,949 to €1,909
- Cash +€302
up €302 (+52.1%), from €578 to €880
mainly Trade debts (+€5,306) and Receivables within one year (+€3,412)
- Current portion of long-term debt -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts +€5,306
up €5,306 (+1,071%), from €495 to €5,802
- Profit (loss) carried forward -€4,351
down €4,351 (-82.9%), from -€5,250 to -€9,601
- Tax, wage and social debts +€919
up €919 (+472%), from €195 to €1,114
- Taxes -€1,501
down €1,501 (-57.4%), from €2,615 to €1,114
- Gross operating margin +€1,434
up €1,434 (+49.5%), from -€2,898 to -€1,464
- Financial charges +€95
up €95 (+79.7%), from €119 to €213
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 | €17,290 | €13,165 | -€4,125 | -23.9% |
| Fixed assets | 21/28 | €2,949 | €1,909 | -€1,040 | -35.3% |
| Tangible fixed assets | 22/27 | €2,949 | €1,909 | -€1,040 | -35.3% |
| Furniture and vehicles | 24 | €2,949 | €1,909 | -€1,040 | -35.3% |
| Current assets | 29/58 | €14,341 | €11,256 | -€3,085 | -21.5% |
| Amounts receivable within one year | 40/41 | €13,179 | €9,768 | -€3,412 | -25.9% |
| Trade receivables | 40 | €5,865 | €4,840 | -€1,025 | -17.5% |
| Other amounts receivable | 41 | €7,314 | €4,928 | -€2,387 | -32.6% |
| Cash at bank and in hand | 54/58 | €578 | €880 | +€302 | +52.1% |
| Deferred charges and accrued income | 490/1 | €583 | €608 | +€25 | +4.3% |
| Total equity and liabilities | 10/49 | €17,290 | €13,165 | -€4,125 | -23.9% |
| Equity | 10/15 | €10,600 | €6,249 | -€4,351 | -41.0% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €5,650 | €5,650 | = | 0.0% |
| Distributable reserves | 133 | €5,650 | €5,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,250 | -€9,601 | -€4,351 | -82.9% |
| Amounts payable | 17/49 | €6,690 | €6,916 | +€226 | +3.4% |
| Amounts payable within one year | 42/48 | €6,690 | €6,916 | +€226 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €495 | €5,802 | +€5,306 | +1,071% |
| Suppliers | 440/4 | €495 | €5,802 | +€5,306 | +1,071% |
| Taxes, remuneration and social security | 45 | €195 | €1,114 | +€919 | +472% |
| Taxes | 450/3 | €195 | €1,114 | +€919 | +472% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | €1,040 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,898 | -€1,464 | +€1,434 | +49.5% |
| Operating profit (loss) | 9901 | -€4,443 | -€3,024 | +€1,419 | +31.9% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €119 | €213 | +€95 | +79.7% |
| Recurring financial charges | 65 | €119 | €213 | +€95 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,561 | -€3,236 | +€1,325 | +29.0% |
| Income taxes | 67/77 | €2,615 | €1,114 | -€1,501 | -57.4% |
| Profit (loss) for the period | 9904 | -€7,176 | -€4,351 | +€2,825 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,176 | -€4,351 | +€2,825 | +39.4% |
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 30 October 2026 via checked.be.