W HOME: 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 HOME
Largest movements
- Stocks and contracts -€21,586
down €21,586 (-82.8%), from €26,086 to €4,500
- Cash +€21,338
up €21,338 (+227%), from €9,394 to €30,732
mainly Stocks and contracts (+€21,586) and Depreciation (+€5,554)
- Tangible fixed assets -€5,554
down €5,554 (-40.0%), from €13,872 to €8,318
- Receivables within one year -€1,935
down €1,935 (-54.6%), from €3,543 to €1,608
of which Trade receivables: -€1,891
- Trade debts -€3,812
down €3,812 (-58.6%), from €6,500 to €2,688
- Debts after one year -€3,716
down €3,716 (-68.4%), from €5,431 to €1,715
- Other debts -€2,368
down €2,368 (-78.7%), from €3,009 to €640
- Profit (loss) carried forward +€2,156
up €2,156 (+18.1%), from €11,915 to €14,071
- Staff costs -€22,294
down €22,294 (-63.9%), from €34,871 to €12,577
- Gross operating margin -€16,467
down €16,467 (-41.3%), from €39,832 to €23,365
- Depreciation +€1,896
up €1,896 (+51.8%), from €3,658 to €5,554
- Taxes +€973
new in 2025: €973
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 | €53,191 | €45,496 | -€7,695 | -14.5% |
| Fixed assets | 21/28 | €14,102 | €8,548 | -€5,554 | -39.4% |
| Tangible fixed assets | 22/27 | €13,872 | €8,318 | -€5,554 | -40.0% |
| Furniture and vehicles | 24 | €13,872 | €8,318 | -€5,554 | -40.0% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €39,089 | €36,948 | -€2,141 | -5.5% |
| Stocks and contracts in progress | 3 | €26,086 | €4,500 | -€21,586 | -82.8% |
| Stocks | 30/36 | €26,086 | €4,500 | -€21,586 | -82.8% |
| Amounts receivable within one year | 40/41 | €3,543 | €1,608 | -€1,935 | -54.6% |
| Trade receivables | 40 | €2,140 | €249 | -€1,891 | -88.4% |
| Other amounts receivable | 41 | €1,403 | €1,359 | -€44 | -3.1% |
| Cash at bank and in hand | 54/58 | €9,394 | €30,732 | +€21,338 | +227% |
| Deferred charges and accrued income | 490/1 | €67 | €108 | +€41 | +61.9% |
| Total equity and liabilities | 10/49 | €53,191 | €45,496 | -€7,695 | -14.5% |
| Equity | 10/15 | €30,535 | €32,690 | +€2,156 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19 | €19 | = | 0.0% |
| Distributable reserves | 133 | €19 | €19 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,915 | €14,071 | +€2,156 | +18.1% |
| Amounts payable | 17/49 | €22,656 | €12,805 | -€9,851 | -43.5% |
| Amounts payable after more than one year | 17 | €5,431 | €1,715 | -€3,716 | -68.4% |
| Financial debts | 170/4 | €5,431 | €1,715 | -€3,716 | -68.4% |
| Amounts payable within one year | 42/48 | €17,225 | €10,867 | -€6,358 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €3,748 | €3,716 | -€32 | -0.9% |
| Trade debts | 44 | €6,500 | €2,688 | -€3,812 | -58.6% |
| Suppliers | 440/4 | €6,500 | €2,688 | -€3,812 | -58.6% |
| Taxes, remuneration and social security | 45 | €3,969 | €3,823 | -€145 | -3.7% |
| Taxes | 450/3 | - | €223 | +€223 | |
| Remuneration and social security | 454/9 | €3,969 | €3,600 | -€369 | -9.3% |
| Other amounts payable | 47/48 | €3,009 | €640 | -€2,368 | -78.7% |
| Accrued charges and deferred income | 492/3 | - | €223 | +€223 | |
| Remuneration, social security and pensions | 62 | €34,871 | €12,577 | -€22,294 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,658 | €5,554 | +€1,896 | +51.8% |
| Other operating charges | 640/8 | €1,423 | €1,516 | +€93 | +6.5% |
| Gross operating margin | 9900 | €39,832 | €23,365 | -€16,467 | -41.3% |
| Operating profit (loss) | 9901 | -€119 | €3,719 | +€3,838 | |
| Financial income | 75/76B | €7 | €52 | +€46 | +692% |
| Recurring financial income | 75 | €7 | €52 | +€46 | +692% |
| Financial charges | 65/66B | €594 | €642 | +€48 | +8.1% |
| Recurring financial charges | 65 | €594 | €642 | +€48 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€707 | €3,129 | +€3,836 | |
| Income taxes | 67/77 | - | €973 | +€973 | |
| Profit (loss) for the period | 9904 | -€707 | €2,156 | +€2,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€707 | €2,156 | +€2,862 |
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.