W.K. TRADING: 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.K. TRADING
Largest movements
- Receivables within one year -€7,907
down €7,907 (-11.5%), from €68,646 to €60,739
of which Trade receivables: -€12,963
- Deferred charges and accrued income +€2,263
up €2,263 (+116%), from €1,947 to €4,210
- Cash +€1,327
up €1,327 (+22.8%), from €5,808 to €7,135
mainly Debts after one year (+€23,298) and Receivables within one year (+€7,907)
- Financial fixed assets -€1,000
down €1,000 (-65.6%), from €1,525 to €525
- Tangible fixed assets -€918
down €918 (-40.4%), from €2,272 to €1,354
- Profit (loss) carried forward -€29,349
down €29,349 (-619%), from -€4,740 to -€34,089
- Debts after one year +€23,298
up €23,298 (+317%), from €7,342 to €30,640
- Trade debts -€7,374
down €7,374 (-15.9%), from €46,369 to €38,995
- Current portion of long-term debt +€4,656
up €4,656 (+133%), from €3,511 to €8,168
- Accrued charges and deferred income +€2,355
new in 2025: €2,355
- Gross operating margin -€16,959
down €16,959 (-754%), from -€2,249 to -€19,208
- Financial charges +€831
up €831 (+63.5%), from €1,308 to €2,139
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 | €84,248 | €78,013 | -€6,235 | -7.4% |
| Fixed assets | 21/28 | €3,797 | €1,879 | -€1,918 | -50.5% |
| Tangible fixed assets | 22/27 | €2,272 | €1,354 | -€918 | -40.4% |
| Plant, machinery and equipment | 23 | €2,272 | €1,354 | -€918 | -40.4% |
| Financial fixed assets | 28 | €1,525 | €525 | -€1,000 | -65.6% |
| Current assets | 29/58 | €80,452 | €76,135 | -€4,317 | -5.4% |
| Stocks and contracts in progress | 3 | €4,051 | €4,051 | = | 0.0% |
| Stocks | 30/36 | €4,051 | €4,051 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,646 | €60,739 | -€7,907 | -11.5% |
| Trade receivables | 40 | €18,000 | €5,037 | -€12,963 | -72.0% |
| Other amounts receivable | 41 | €50,645 | €55,702 | +€5,056 | +10.0% |
| Cash at bank and in hand | 54/58 | €5,808 | €7,135 | +€1,327 | +22.8% |
| Deferred charges and accrued income | 490/1 | €1,947 | €4,210 | +€2,263 | +116% |
| Total equity and liabilities | 10/49 | €84,248 | €78,013 | -€6,235 | -7.4% |
| Equity | 10/15 | €27,026 | -€2,323 | -€29,349 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,766 | €6,766 | = | 0.0% |
| Distributable reserves | 133 | €6,766 | €6,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,740 | -€34,089 | -€29,349 | -619% |
| Amounts payable | 17/49 | €57,222 | €80,336 | +€23,114 | +40.4% |
| Amounts payable after more than one year | 17 | €7,342 | €30,640 | +€23,298 | +317% |
| Financial debts | 170/4 | €7,342 | €30,640 | +€23,298 | +317% |
| Amounts payable within one year | 42/48 | €49,881 | €47,341 | -€2,539 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €3,511 | €8,168 | +€4,656 | +133% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,369 | €38,995 | -€7,374 | -15.9% |
| Suppliers | 440/4 | €46,369 | €38,995 | -€7,374 | -15.9% |
| Taxes, remuneration and social security | 45 | €0 | €178 | +€178 | |
| Taxes | 450/3 | €0 | €178 | +€178 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €2,355 | +€2,355 | |
| Non-recurring operating income | 76A | €20,906 | €0 | -€20,906 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,006 | €918 | -€88 | -8.7% |
| Other operating charges | 640/8 | €1,149 | €1,279 | +€130 | +11.4% |
| Non-recurring operating charges | 66A | - | €5,626 | +€5,626 | |
| Gross operating margin | 9900 | -€2,249 | -€19,208 | -€16,959 | -754% |
| Operating profit (loss) | 9901 | -€4,403 | -€27,031 | -€22,628 | -514% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,308 | €2,139 | +€831 | +63.5% |
| Recurring financial charges | 65 | €1,308 | €2,139 | +€831 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,712 | -€29,171 | -€23,459 | -411% |
| Income taxes | 67/77 | €290 | €178 | -€111 | -38.4% |
| Profit (loss) for the period | 9904 | -€6,001 | -€29,349 | -€23,348 | -389% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,001 | -€29,349 | -€23,348 | -389% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.