W² HOLDING: 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.
W² HOLDING
Largest movements
- Receivables within one year -€33,132
down €33,132 (-23.9%), from €138,820 to €105,688
of which Trade receivables: -€33,880
- Cash +€29,463
up €29,463 (+411%), from €7,167 to €36,630
mainly Net result for the year (+€58,591) and Receivables within one year (+€33,132)
- Other debts -€7,421
down €7,421 (-11.3%), from €65,421 to €58,000
- Gross operating margin -€875
down €875 (-1.1%), from €79,964 to €79,089
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 | €550,872 | €547,203 | -€3,669 | -0.7% |
| Fixed assets | 21/28 | €404,885 | €404,885 | = | 0.0% |
| Financial fixed assets | 28 | €404,885 | €404,885 | = | 0.0% |
| Current assets | 29/58 | €145,987 | €142,318 | -€3,669 | -2.5% |
| Amounts receivable within one year | 40/41 | €138,820 | €105,688 | -€33,132 | -23.9% |
| Trade receivables | 40 | €50,820 | €16,940 | -€33,880 | -66.7% |
| Other amounts receivable | 41 | €88,000 | €88,748 | +€748 | +0.8% |
| Cash at bank and in hand | 54/58 | €7,167 | €36,630 | +€29,463 | +411% |
| Total equity and liabilities | 10/49 | €550,872 | €547,203 | -€3,669 | -0.7% |
| Equity | 10/15 | €484,161 | €484,751 | +€591 | +0.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,161 | €462,751 | +€591 | +0.1% |
| Amounts payable | 17/49 | €66,711 | €62,452 | -€4,260 | -6.4% |
| Amounts payable within one year | 42/48 | €66,711 | €62,452 | -€4,260 | -6.4% |
| Taxes, remuneration and social security | 45 | €1,290 | €4,452 | +€3,162 | +245% |
| Taxes | 450/3 | €1,290 | €4,452 | +€3,162 | +245% |
| Other amounts payable | 47/48 | €65,421 | €58,000 | -€7,421 | -11.3% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €79,964 | €79,089 | -€875 | -1.1% |
| Operating profit (loss) | 9901 | €79,964 | €78,302 | -€1,662 | -2.1% |
| Financial charges | 65/66B | €248 | €180 | -€68 | -27.4% |
| Recurring financial charges | 65 | €248 | €180 | -€68 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €79,715 | €78,121 | -€1,594 | -2.0% |
| Income taxes | 67/77 | €20,165 | €19,531 | -€634 | -3.1% |
| Profit (loss) for the period | 9904 | €59,550 | €58,591 | -€960 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,550 | €58,591 | -€960 | -1.6% |
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 27 October 2026 via checked.be.