W-Invest: 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-Invest
Largest movements
- Tangible fixed assets +€707,191
up €707,191 (+50,746%), from €1,394 to €708,585
of which Land and buildings: +€704,924
- Cash +€59,675
up €59,675 (+1,282%), from €4,654 to €64,329
mainly Debts after one year (+€461,092) and Net result for the year (+€116,106)
- Stocks and contracts -€47,475
down €47,475 (-15.8%), from €300,057 to €252,582
- Receivables within one year -€46,455
down €46,455 (-91.7%), from €50,659 to €4,204
of which Trade receivables: -€50,175
- Debts after one year +€461,092
new in 2025: €461,092
- Reserves +€116,106
up €116,106 (+270%), from €43,054 to €159,160
- Advances received -€95,000
down €95,000 (-95.0%), from €100,000 to €5,000
- Trade debts +€82,428
up €82,428 (+3,068%), from €2,687 to €85,115
- Other debts +€43,329
up €43,329 (+26.2%), from €165,265 to €208,594
- Gross operating margin +€105,088
up €105,088 (+140%), from €75,198 to €180,286
- Taxes +€18,926
up €18,926 (+124%), from €15,305 to €34,231
- Depreciation +€13,653
up €13,653 (+1,987%), from €687 to €14,340
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 | €358,154 | €1,031,757 | +€673,603 | +188% |
| Fixed assets | 21/28 | €1,394 | €708,585 | +€707,191 | +50,746% |
| Tangible fixed assets | 22/27 | €1,394 | €708,585 | +€707,191 | +50,746% |
| Land and buildings | 22 | - | €704,924 | +€704,924 | |
| Plant, machinery and equipment | 23 | €1,394 | €3,661 | +€2,267 | +163% |
| Current assets | 29/58 | €356,761 | €323,172 | -€33,588 | -9.4% |
| Stocks and contracts in progress | 3 | €300,057 | €252,582 | -€47,475 | -15.8% |
| Stocks | 30/36 | €300,057 | €252,582 | -€47,475 | -15.8% |
| Amounts receivable within one year | 40/41 | €50,659 | €4,204 | -€46,455 | -91.7% |
| Trade receivables | 40 | €50,659 | €484 | -€50,175 | -99.0% |
| Other amounts receivable | 41 | - | €3,720 | +€3,720 | |
| Cash at bank and in hand | 54/58 | €4,654 | €64,329 | +€59,675 | +1,282% |
| Deferred charges and accrued income | 490/1 | €1,390 | €2,057 | +€667 | +47.9% |
| Total equity and liabilities | 10/49 | €358,154 | €1,031,757 | +€673,603 | +188% |
| Equity | 10/15 | €58,054 | €174,160 | +€116,106 | +200% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,054 | €159,160 | +€116,106 | +270% |
| Distributable reserves | 133 | €43,054 | €159,160 | +€116,106 | +270% |
| Amounts payable | 17/49 | €300,100 | €857,597 | +€557,497 | +186% |
| Amounts payable after more than one year | 17 | - | €461,092 | +€461,092 | |
| Financial debts | 170/4 | - | €461,092 | +€461,092 | |
| Amounts payable within one year | 42/48 | €300,100 | €371,505 | +€71,405 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €25,796 | +€25,796 | |
| Trade debts | 44 | €2,687 | €85,115 | +€82,428 | +3,068% |
| Suppliers | 440/4 | €2,687 | €85,115 | +€82,428 | +3,068% |
| Advances received on contracts in progress | 46 | €100,000 | €5,000 | -€95,000 | -95.0% |
| Taxes, remuneration and social security | 45 | €32,149 | €47,000 | +€14,851 | +46.2% |
| Taxes | 450/3 | €17,049 | €34,231 | +€17,182 | +101% |
| Remuneration and social security | 454/9 | €15,100 | €12,769 | -€2,331 | -15.4% |
| Other amounts payable | 47/48 | €165,265 | €208,594 | +€43,329 | +26.2% |
| Accrued charges and deferred income | 492/3 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €14,340 | +€13,653 | +1,987% |
| Other operating charges | 640/8 | €244 | €946 | +€702 | +288% |
| Gross operating margin | 9900 | €75,198 | €180,286 | +€105,088 | +140% |
| Operating profit (loss) | 9901 | €74,267 | €165,000 | +€90,733 | +122% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €15,990 | €14,662 | -€1,327 | -8.3% |
| Recurring financial charges | 65 | €15,990 | €14,662 | -€1,327 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €58,359 | €150,337 | +€91,978 | +158% |
| Income taxes | 67/77 | €15,305 | €34,231 | +€18,926 | +124% |
| Profit (loss) for the period | 9904 | €43,054 | €116,106 | +€73,052 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €43,054 | €116,106 | +€73,052 | +170% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.