W. INVESTERINGEN: 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. INVESTERINGEN
Largest movements
- Stocks and contracts -€191,026
no longer reported in 2025 (was €191,026)
- Receivables within one year +€50,694
up €50,694 (+17.2%), from €294,506 to €345,200
of which Trade receivables: +€80,000
- Short-term financial debts -€141,003
down €141,003 (-30.1%), from €468,286 to €327,283
- Financial charges +€15,969
up €15,969 (+107.7%), from €14,825 to €30,794
- Gross operating margin +€15,313
up €15,313 (+92.4%), from €16,572 to €31,885
- Other operating charges -€444
down €444 (-79.0%), from €562 to €118
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 | €486,333 | €346,018 | -€140,315 | -28.9% |
| Fixed assets | 21/28 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €485,533 | €345,218 | -€140,315 | -28.9% |
| Stocks and contracts in progress | 3 | €191,026 | - | -€191,026 | |
| Stocks | 30/36 | €191,026 | - | -€191,026 | |
| Amounts receivable within one year | 40/41 | €294,506 | €345,200 | +€50,694 | +17.2% |
| Trade receivables | 40 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 41 | €294,506 | €265,200 | -€29,306 | -10.0% |
| Cash at bank and in hand | 54/58 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €486,333 | €346,018 | -€140,315 | -28.9% |
| Equity | 10/15 | €17,762 | €18,470 | +€708 | +4.0% |
| Contributions | 10/11 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €862 | €1,570 | +€708 | +82.2% |
| Amounts payable | 17/49 | €468,571 | €327,548 | -€141,023 | -30.1% |
| Amounts payable within one year | 42/48 | €468,571 | €327,548 | -€141,023 | -30.1% |
| Financial debts | 43 | €468,286 | €327,283 | -€141,003 | -30.1% |
| Credit institutions | 430/8 | €468,286 | €327,283 | -€141,003 | -30.1% |
| Taxes, remuneration and social security | 45 | €285 | €265 | -€20 | -6.9% |
| Taxes | 450/3 | €285 | €265 | -€20 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118 | - | -€118 | |
| Other operating charges | 640/8 | €562 | €118 | -€444 | -79.0% |
| Gross operating margin | 9900 | €16,572 | €31,885 | +€15,313 | +92.4% |
| Operating profit (loss) | 9901 | €15,893 | €31,767 | +€15,874 | +99.9% |
| Financial charges | 65/66B | €14,825 | €30,794 | +€15,969 | +107.7% |
| Recurring financial charges | 65 | €14,825 | €30,794 | +€15,969 | +107.7% |
| Profit (loss) for the period before taxes | 9903 | €1,068 | €973 | -€95 | -8.9% |
| Income taxes | 67/77 | €305 | €265 | -€39 | -13.0% |
| Profit (loss) for the period | 9904 | €763 | €708 | -€55 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €763 | €708 | -€55 | -7.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.