W.H. Finanz: 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.H. Finanz
Largest movements
- Financial fixed assets -€157,700
no longer reported in 2026 (was €157,700)
- Tangible fixed assets +€33,058
up €33,058 (+97.9%), from €33,783 to €66,842
of which Furniture and vehicles: +€41,206
- Cash +€31,725
up €31,725 (+82.4%), from €38,505 to €70,230
mainly Net result for the year (+€3.7m) and Investment in fixed assets (net) (+€97,711)
- Receivables within one year +€15,314
up €15,314 (+195%), from €7,872 to €23,186
of which Trade receivables: +€23,186
- Other debts -€72,602
down €72,602 (-40.6%), from €178,879 to €106,277
- Tax, wage and social debts +€28,704
up €28,704 (+258%), from €11,120 to €39,824
- Current portion of long-term debt -€12,249
down €12,249 (-53.3%), from €22,981 to €10,732
- Reserves -€11,658
no longer reported in 2026 (was €11,658)
- Debts after one year -€9,471
down €9,471 (-70.6%), from €13,422 to €3,950
of which Financial debts: -€9,477
- Gross operating margin +€3.2m
up €3.2m (+6,385%), from €50,670 to €3.3m
- Financial income -€488,086
down €488,086 (-52.1%), from €937,233 to €449,147
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,203 | €161,360 | -€76,844 | -32.3% |
| Fixed assets | 21/28 | €191,483 | €66,842 | -€124,642 | -65.1% |
| Tangible fixed assets | 22/27 | €33,783 | €66,842 | +€33,058 | +97.9% |
| Furniture and vehicles | 24 | €10,754 | €51,959 | +€41,206 | +383% |
| Leasing and similar rights | 25 | €16,260 | €9,363 | -€6,897 | -42.4% |
| Other tangible fixed assets | 26 | €6,769 | €5,519 | -€1,250 | -18.5% |
| Financial fixed assets | 28 | €157,700 | - | -€157,700 | |
| Current assets | 29/58 | €46,720 | €94,518 | +€47,798 | +102% |
| Amounts receivable within one year | 40/41 | €7,872 | €23,186 | +€15,314 | +195% |
| Trade receivables | 40 | - | €23,186 | +€23,186 | |
| Other amounts receivable | 41 | €7,872 | - | -€7,872 | |
| Cash at bank and in hand | 54/58 | €38,505 | €70,230 | +€31,725 | +82.4% |
| Deferred charges and accrued income | 490/1 | €343 | €1,102 | +€759 | +221% |
| Total equity and liabilities | 10/49 | €238,203 | €161,360 | -€76,844 | -32.3% |
| Equity | 10/15 | €11,659 | €1 | -€11,658 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €11,658 | - | -€11,658 | |
| Distributable reserves | 133 | €11,658 | - | -€11,658 | |
| Amounts payable | 17/49 | €226,544 | €161,359 | -€65,185 | -28.8% |
| Amounts payable after more than one year | 17 | €13,422 | €3,950 | -€9,471 | -70.6% |
| Financial debts | 170/4 | €12,874 | €3,397 | -€9,477 | -73.6% |
| Other amounts payable | 178/9 | €548 | €553 | +€5 | +1.0% |
| Amounts payable within one year | 42/48 | €213,123 | €157,349 | -€55,774 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €22,981 | €10,732 | -€12,249 | -53.3% |
| Trade debts | 44 | €143 | €515 | +€372 | +261% |
| Suppliers | 440/4 | €143 | €515 | +€372 | +261% |
| Taxes, remuneration and social security | 45 | €11,120 | €39,824 | +€28,704 | +258% |
| Taxes | 450/3 | €11,120 | €39,824 | +€28,704 | +258% |
| Other amounts payable | 47/48 | €178,879 | €106,277 | -€72,602 | -40.6% |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,776 | €26,931 | +€17,155 | +175% |
| Other operating charges | 640/8 | €20,751 | €6,117 | -€14,634 | -70.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €7,440 | €349 | -€7,091 | -95.3% |
| Gross operating margin | 9900 | €50,670 | €3,285,773 | +€3.2m | +6,385% |
| Operating profit (loss) | 9901 | €12,703 | €3,252,377 | +€3.2m | +25,502% |
| Financial income | 75/76B | €937,233 | €449,147 | -€488,086 | -52.1% |
| Recurring financial income | 75 | €937,233 | €449,147 | -€488,086 | -52.1% |
| Financial charges | 65/66B | €1,615 | €915 | -€700 | -43.4% |
| Recurring financial charges | 65 | €1,615 | €915 | -€700 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €948,321 | €3,700,609 | +€2.8m | +290% |
| Income taxes | 67/77 | €5,598 | - | -€5,598 | |
| Profit (loss) for the period | 9904 | €942,723 | €3,700,609 | +€2.8m | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €942,723 | €3,700,609 | +€2.8m | +293% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.