W & K PROJECTS: 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 & K PROJECTS
Largest movements
- Receivables after one year -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Tangible fixed assets -€17,378
down €17,378 (-4.6%), from €374,711 to €357,333
- Deferred charges and accrued income -€12,955
down €12,955 (-30.2%), from €42,946 to €29,991
- Other debts -€265,362
down €265,362 (-100.0%), from €265,458 to €96
- Debts after one year -€12,836
down €12,836 (-5.9%), from €217,996 to €205,160
- Tax, wage and social debts -€9,084
down €9,084 (-92.4%), from €9,836 to €752
- Reserves +€7,539
up €7,539 (+5.2%), from €144,207 to €151,745
of which Distributable reserves: +€7,539
- Financial income -€5,193
down €5,193 (-67.5%), from €7,698 to €2,505
- Gross operating margin -€1,445
down €1,445 (-4.8%), from €30,237 to €28,792
- Other operating charges -€754
down €754 (-19.7%), from €3,837 to €3,083
- Taxes -€522
down €522 (-40.9%), from €1,276 to €754
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 | €670,382 | €391,678 | -€278,704 | -41.6% |
| Fixed assets | 21/28 | €374,711 | €357,333 | -€17,378 | -4.6% |
| Tangible fixed assets | 22/27 | €374,711 | €357,333 | -€17,378 | -4.6% |
| Land and buildings | 22 | €374,711 | €357,333 | -€17,378 | -4.6% |
| Current assets | 29/58 | €295,671 | €34,345 | -€261,326 | -88.4% |
| Amounts receivable after more than one year | 29 | €250,000 | €0 | -€250,000 | -100.0% |
| Other amounts receivable | 291 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,725 | €4,353 | +€1,629 | +59.8% |
| Deferred charges and accrued income | 490/1 | €42,946 | €29,991 | -€12,955 | -30.2% |
| Total equity and liabilities | 10/49 | €670,382 | €391,678 | -€278,704 | -41.6% |
| Equity | 10/15 | €164,207 | €171,745 | +€7,539 | +4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €144,207 | €151,745 | +€7,539 | +5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €144,207 | €151,745 | +€7,539 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €506,176 | €219,933 | -€286,243 | -56.6% |
| Amounts payable after more than one year | 17 | €217,996 | €205,160 | -€12,836 | -5.9% |
| Financial debts | 170/4 | €217,996 | €205,160 | -€12,836 | -5.9% |
| Amounts payable within one year | 42/48 | €288,179 | €14,773 | -€273,406 | -94.9% |
| Current portion of amounts payable after more than one year | 42 | €12,698 | €12,836 | +€138 | +1.1% |
| Trade debts | 44 | €187 | €1,088 | +€901 | +482.5% |
| Suppliers | 440/4 | €187 | €1,088 | +€901 | +482.5% |
| Taxes, remuneration and social security | 45 | €9,836 | €752 | -€9,084 | -92.4% |
| Taxes | 450/3 | €9,836 | €752 | -€9,084 | -92.4% |
| Other amounts payable | 47/48 | €265,458 | €96 | -€265,362 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,378 | €17,378 | = | 0.0% |
| Other operating charges | 640/8 | €3,837 | €3,083 | -€754 | -19.7% |
| Gross operating margin | 9900 | €30,237 | €28,792 | -€1,445 | -4.8% |
| Operating profit (loss) | 9901 | €9,022 | €8,332 | -€691 | -7.7% |
| Financial income | 75/76B | €7,698 | €2,505 | -€5,193 | -67.5% |
| Recurring financial income | 75 | €7,698 | €2,505 | -€5,193 | -67.5% |
| Financial charges | 65/66B | €2,687 | €2,545 | -€143 | -5.3% |
| Recurring financial charges | 65 | €2,687 | €2,545 | -€143 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €14,033 | €8,292 | -€5,741 | -40.9% |
| Income taxes | 67/77 | €1,276 | €754 | -€522 | -40.9% |
| Profit (loss) for the period | 9904 | €12,757 | €7,539 | -€5,219 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,757 | €7,539 | -€5,219 | -40.9% |
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 2 October 2026 via checked.be.