W-im: what changed
Two fiscal 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-im
Largest movements
- Tangible fixed assets -€27,584
down €27,584 (-6.9%), from €397,395 to €369,810
of which Land and buildings: -€26,533
- Receivables within one year -€11,520
down €11,520 (-24.5%), from €47,005 to €35,485
- Debts after one year -€28,505
down €28,505 (-11.4%), from €250,899 to €222,395
- Other debts -€13,865
down €13,865 (-14.6%), from €94,951 to €81,087
- Trade debts -€6,162
down €6,162 (-86.3%), from €7,144 to €982
- Tax, wage and social debts +€5,811
up €5,811 (+12.6%), from €46,028 to €51,839
of which Remuneration and social security: +€5,881
- Gross operating margin -€4,391
down €4,391 (-9.0%), from €48,640 to €44,249
- Other operating charges -€1,919
down €1,919 (-18.3%), from €10,475 to €8,557
- Taxes -€490
down €490 (-29.1%), from €1,687 to €1,197
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.
Cash bridge derived
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 | €448,809 | €411,159 | -€37,650 | -8.4% |
| Fixed assets | 21/28 | €397,395 | €369,810 | -€27,584 | -6.9% |
| Tangible fixed assets | 22/27 | €397,395 | €369,810 | -€27,584 | -6.9% |
| Land and buildings | 22 | €393,662 | €367,129 | -€26,533 | -6.7% |
| Furniture and vehicles | 24 | €1,120 | €836 | -€284 | -25.3% |
| Other tangible fixed assets | 26 | €2,613 | €1,845 | -€768 | -29.4% |
| Current assets | 29/58 | €51,415 | €41,349 | -€10,066 | -19.6% |
| Amounts receivable within one year | 40/41 | €47,005 | €35,485 | -€11,520 | -24.5% |
| Trade receivables | 40 | €47,005 | €35,485 | -€11,520 | -24.5% |
| Cash at bank and in hand | 54/58 | €2,959 | €4,351 | +€1,392 | +47.0% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,513 | +€62 | +4.3% |
| Total equity and liabilities | 10/49 | €448,809 | €411,159 | -€37,650 | -8.4% |
| Equity | 10/15 | €21,780 | €23,616 | +€1,836 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,180 | €5,016 | +€1,836 | +57.7% |
| Amounts payable | 17/49 | €427,029 | €387,543 | -€39,487 | -9.2% |
| Amounts payable after more than one year | 17 | €250,899 | €222,395 | -€28,505 | -11.4% |
| Financial debts | 170/4 | €250,899 | €222,395 | -€28,505 | -11.4% |
| Amounts payable within one year | 42/48 | €176,130 | €162,413 | -€13,717 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €28,007 | €28,505 | +€498 | +1.8% |
| Trade debts | 44 | €7,144 | €982 | -€6,162 | -86.3% |
| Suppliers | 440/4 | €7,144 | €982 | -€6,162 | -86.3% |
| Taxes, remuneration and social security | 45 | €46,028 | €51,839 | +€5,811 | +12.6% |
| Taxes | 450/3 | €3,904 | €3,835 | -€70 | -1.8% |
| Remuneration and social security | 454/9 | €42,124 | €48,005 | +€5,881 | +14.0% |
| Other amounts payable | 47/48 | €94,951 | €81,087 | -€13,865 | -14.6% |
| Accrued charges and deferred income | 492/3 | - | €2,735 | +€2,735 | |
| Non-recurring operating income | 76A | €8 | - | -€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,544 | €27,584 | +€40 | +0.1% |
| Other operating charges | 640/8 | €10,475 | €8,557 | -€1,919 | -18.3% |
| Gross operating margin | 9900 | €48,640 | €44,249 | -€4,391 | -9.0% |
| Operating profit (loss) | 9901 | €10,620 | €8,108 | -€2,512 | -23.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,551 | €5,075 | -€476 | -8.6% |
| Recurring financial charges | 65 | €5,551 | €5,075 | -€476 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €5,069 | €3,033 | -€2,036 | -40.2% |
| Income taxes | 67/77 | €1,687 | €1,197 | -€490 | -29.1% |
| Profit (loss) for the period | 9904 | €3,382 | €1,836 | -€1,546 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,382 | €1,836 | -€1,546 | -45.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.