W.G.C.: 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.C.
Largest movements
- Tangible fixed assets -€20,438
down €20,438 (-37.8%), from €54,071 to €33,633
of which Furniture and vehicles: -€12,375
- Receivables within one year +€10,091
up €10,091 (+53.7%), from €18,796 to €28,887
of which Other amounts receivable: +€14,408
- Debts after one year -€9,160
down €9,160 (-28.6%), from €32,062 to €22,903
- Profit (loss) carried forward -€6,788
down €6,788 (-94.6%), from €7,175 to €387
- Trade debts +€6,101
up €6,101 (+39.8%), from €15,337 to €21,438
- Other debts -€2,326
no longer reported in 2025 (was €2,326)
- Current portion of long-term debt +€2,065
up €2,065 (+29.1%), from €7,095 to €9,160
- Gross operating margin -€11,116
down €11,116 (-29.1%), from €38,242 to €27,126
- Depreciation +€8,885
up €8,885 (+76.9%), from €11,553 to €20,438
- Taxes -€953
no longer reported in 2025 (was €953)
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 | €73,083 | €62,901 | -€10,182 | -13.9% |
| Fixed assets | 21/28 | €54,071 | €33,633 | -€20,438 | -37.8% |
| Tangible fixed assets | 22/27 | €54,071 | €33,633 | -€20,438 | -37.8% |
| Plant, machinery and equipment | 23 | €8,063 | - | -€8,063 | |
| Furniture and vehicles | 24 | €46,008 | €33,633 | -€12,375 | -26.9% |
| Current assets | 29/58 | €19,012 | €29,268 | +€10,256 | +53.9% |
| Amounts receivable within one year | 40/41 | €18,796 | €28,887 | +€10,091 | +53.7% |
| Trade receivables | 40 | €4,916 | €599 | -€4,317 | -87.8% |
| Other amounts receivable | 41 | €13,881 | €28,288 | +€14,408 | +104% |
| Cash at bank and in hand | 54/58 | - | €208 | +€208 | |
| Deferred charges and accrued income | 490/1 | €215 | €173 | -€42 | -19.6% |
| Total equity and liabilities | 10/49 | €73,083 | €62,901 | -€10,182 | -13.9% |
| Equity | 10/15 | €15,235 | €8,447 | -€6,788 | -44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,175 | €387 | -€6,788 | -94.6% |
| Amounts payable | 17/49 | €57,847 | €54,454 | -€3,394 | -5.9% |
| Amounts payable after more than one year | 17 | €32,062 | €22,903 | -€9,160 | -28.6% |
| Financial debts | 170/4 | €32,062 | €22,903 | -€9,160 | -28.6% |
| Amounts payable within one year | 42/48 | €25,785 | €31,551 | +€5,766 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €7,095 | €9,160 | +€2,065 | +29.1% |
| Financial debts | 43 | €74 | - | -€74 | |
| Credit institutions | 430/8 | €74 | - | -€74 | |
| Trade debts | 44 | €15,337 | €21,438 | +€6,101 | +39.8% |
| Suppliers | 440/4 | €15,337 | €21,438 | +€6,101 | +39.8% |
| Taxes, remuneration and social security | 45 | €953 | €953 | = | 0.0% |
| Taxes | 450/3 | €953 | €953 | = | 0.0% |
| Other amounts payable | 47/48 | €2,326 | - | -€2,326 | |
| Non-recurring operating income | 76A | €2,805 | - | -€2,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,553 | €20,438 | +€8,885 | +76.9% |
| Other operating charges | 640/8 | €244 | - | -€244 | |
| Non-recurring operating charges | 66A | €480 | - | -€480 | |
| Gross operating margin | 9900 | €38,242 | €27,126 | -€11,116 | -29.1% |
| Operating profit (loss) | 9901 | €25,965 | €6,688 | -€19,277 | -74.2% |
| Financial income | 75/76B | €616 | €387 | -€229 | -37.2% |
| Recurring financial income | 75 | €616 | €387 | -€229 | -37.2% |
| Financial charges | 65/66B | €267 | €598 | +€331 | +124% |
| Recurring financial charges | 65 | €267 | €598 | +€331 | +124% |
| Profit (loss) for the period before taxes | 9903 | €26,314 | €6,477 | -€19,838 | -75.4% |
| Income taxes | 67/77 | €953 | - | -€953 | |
| Profit (loss) for the period | 9904 | €25,361 | €6,477 | -€18,884 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,361 | €6,477 | -€18,884 | -74.5% |
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.