W&J Projects: what changed
W&J Projects
Largest movements
- Receivables within one year +€67,874
up €67,874 (+273%), from €24,888 to €92,761
of which Trade receivables: +€53,464
- Cash -€60,417
down €60,417 (-82.4%), from €73,358 to €12,940
mainly Investment in fixed assets (net) (-€88,390) and Receivables within one year (-€67,874)
- Tangible fixed assets +€32,778
up €32,778 (+5.8%), from €567,183 to €599,961
of which Furniture and vehicles: +€28,354
- Reserves +€23,144
up €23,144 (+11.0%), from €209,665 to €232,809
- Trade debts +€22,533
up €22,533 (+125%), from €18,019 to €40,552
- Accrued charges and deferred income +€15,434
up €15,434 (+921%), from €1,675 to €17,109
- Debts after one year -€10,632
down €10,632 (-5.9%), from €180,812 to €170,179
- Other debts -€10,262
down €10,262 (-3.5%), from €295,678 to €285,416
- Financial charges +€20,029
up €20,029 (+226%), from €8,845 to €28,874
- Depreciation +€13,280
up €13,280 (+31.4%), from €42,332 to €55,612
- Gross operating margin -€9,563
down €9,563 (-7.8%), from €122,407 to €112,844
- Taxes -€7,924
down €7,924 (-44.9%), from €17,657 to €9,733
- Financial income +€2,160
up €2,160 (+67.1%), from €3,217 to €5,377
of which Non-recurring financial income: +€3,303
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €736,614 | €780,442 | +€43,828 | +5.9% |
| Fixed assets | 21/28 | €567,183 | €599,961 | +€32,778 | +5.8% |
| Tangible fixed assets | 22/27 | €567,183 | €599,961 | +€32,778 | +5.8% |
| Land and buildings | 22 | €524,226 | €541,815 | +€17,589 | +3.4% |
| Plant, machinery and equipment | 23 | €28,371 | €15,207 | -€13,164 | -46.4% |
| Furniture and vehicles | 24 | €14,586 | €42,940 | +€28,354 | +194% |
| Current assets | 29/58 | €169,431 | €180,481 | +€11,050 | +6.5% |
| Stocks and contracts in progress | 3 | €69,480 | €71,082 | +€1,602 | +2.3% |
| Stocks | 30/36 | €69,480 | €71,082 | +€1,602 | +2.3% |
| Amounts receivable within one year | 40/41 | €24,888 | €92,761 | +€67,874 | +273% |
| Trade receivables | 40 | €11,567 | €65,030 | +€53,464 | +462% |
| Other amounts receivable | 41 | €13,321 | €27,731 | +€14,410 | +108% |
| Cash at bank and in hand | 54/58 | €73,358 | €12,940 | -€60,417 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,706 | €3,697 | +€1,992 | +117% |
| Total equity and liabilities | 10/49 | €736,614 | €780,442 | +€43,828 | +5.9% |
| Equity | 10/15 | €224,665 | €247,809 | +€23,144 | +10.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €209,665 | €232,809 | +€23,144 | +11.0% |
| Distributable reserves | 133 | €209,665 | €232,809 | +€23,144 | +11.0% |
| Amounts payable | 17/49 | €511,948 | €532,633 | +€20,685 | +4.0% |
| Amounts payable after more than one year | 17 | €180,812 | €170,179 | -€10,632 | -5.9% |
| Financial debts | 170/4 | €180,812 | €170,179 | -€10,632 | -5.9% |
| Amounts payable within one year | 42/48 | €329,462 | €345,345 | +€15,883 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €10,201 | €10,632 | +€431 | +4.2% |
| Trade debts | 44 | €18,019 | €40,552 | +€22,533 | +125% |
| Suppliers | 440/4 | €18,019 | €40,552 | +€22,533 | +125% |
| Taxes, remuneration and social security | 45 | €5,564 | €8,744 | +€3,181 | +57.2% |
| Taxes | 450/3 | €5,564 | €8,744 | +€3,181 | +57.2% |
| Other amounts payable | 47/48 | €295,678 | €285,416 | -€10,262 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,675 | €17,109 | +€15,434 | +921% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,332 | €55,612 | +€13,280 | +31.4% |
| Other operating charges | 640/8 | €1,192 | €858 | -€333 | -28.0% |
| Gross operating margin | 9900 | €122,407 | €112,844 | -€9,563 | -7.8% |
| Operating profit (loss) | 9901 | €78,883 | €56,373 | -€22,510 | -28.5% |
| Financial income | 75/76B | €3,217 | €5,377 | +€2,160 | +67.1% |
| Recurring financial income | 75 | €3,217 | €2,074 | -€1,143 | -35.5% |
| Non-recurring financial income | 76B | - | €3,303 | +€3,303 | |
| Financial charges | 65/66B | €8,845 | €28,874 | +€20,029 | +226% |
| Recurring financial charges | 65 | €8,845 | €28,874 | +€20,029 | +226% |
| Profit (loss) for the period before taxes | 9903 | €73,254 | €32,876 | -€40,378 | -55.1% |
| Income taxes | 67/77 | €17,657 | €9,733 | -€7,924 | -44.9% |
| Profit (loss) for the period | 9904 | €55,598 | €23,144 | -€32,454 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,598 | €23,144 | -€32,454 | -58.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.