W.L.B.: 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.L.B.
Largest movements
- Cash -€68,822
down €68,822 (-39.8%), from €173,084 to €104,263
mainly Net result for the year (-€64,571) and Other debts (-€26,868)
- Tangible fixed assets -€19,407
down €19,407 (-29.3%), from €66,224 to €46,818
of which Furniture and vehicles: -€10,774
- Deferred charges and accrued income -€12,870
down €12,870 (-95.8%), from €13,428 to €558
- Receivables within one year +€5,154
up €5,154 (+74.2%), from €6,942 to €12,096
of which Trade receivables: +€3,828
- Profit (loss) carried forward -€64,571
down €64,571, from €4,744 to -€59,827
- Other debts -€26,868
down €26,868 (-25.4%), from €105,754 to €78,886
- Tax, wage and social debts -€4,825
down €4,825 (-78.3%), from €6,158 to €1,334
of which Remuneration and social security: -€4,380
- Gross operating margin -€14,836
down €14,836 (-52.3%), from -€28,366 to -€43,202
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 | €259,679 | €163,734 | -€95,945 | -36.9% |
| Fixed assets | 21/28 | €66,224 | €46,818 | -€19,407 | -29.3% |
| Tangible fixed assets | 22/27 | €66,224 | €46,818 | -€19,407 | -29.3% |
| Furniture and vehicles | 24 | €40,935 | €30,160 | -€10,774 | -26.3% |
| Other tangible fixed assets | 26 | €25,290 | €16,657 | -€8,632 | -34.1% |
| Current assets | 29/58 | €193,455 | €116,917 | -€76,538 | -39.6% |
| Amounts receivable within one year | 40/41 | €6,942 | €12,096 | +€5,154 | +74.2% |
| Trade receivables | 40 | €2,441 | €6,269 | +€3,828 | +157% |
| Other amounts receivable | 41 | €4,501 | €5,827 | +€1,326 | +29.5% |
| Cash at bank and in hand | 54/58 | €173,084 | €104,263 | -€68,822 | -39.8% |
| Deferred charges and accrued income | 490/1 | €13,428 | €558 | -€12,870 | -95.8% |
| Total equity and liabilities | 10/49 | €259,679 | €163,734 | -€95,945 | -36.9% |
| Equity | 10/15 | €147,346 | €82,775 | -€64,571 | -43.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,403 | €136,403 | = | 0.0% |
| Distributable reserves | 133 | €136,403 | €136,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,744 | -€59,827 | -€64,571 | |
| Amounts payable | 17/49 | €112,333 | €80,959 | -€31,374 | -27.9% |
| Amounts payable within one year | 42/48 | €112,333 | €80,959 | -€31,374 | -27.9% |
| Trade debts | 44 | €420 | €739 | +€319 | +75.9% |
| Suppliers | 440/4 | €420 | €739 | +€319 | +75.9% |
| Taxes, remuneration and social security | 45 | €6,158 | €1,334 | -€4,825 | -78.3% |
| Taxes | 450/3 | €1,778 | €1,334 | -€444 | -25.0% |
| Remuneration and social security | 454/9 | €4,380 | €0 | -€4,380 | -100% |
| Other amounts payable | 47/48 | €105,754 | €78,886 | -€26,868 | -25.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,407 | €19,407 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,056 | €1,881 | -€174 | -8.5% |
| Gross operating margin | 9900 | -€28,366 | -€43,202 | -€14,836 | -52.3% |
| Operating profit (loss) | 9901 | -€49,829 | -€64,490 | -€14,662 | -29.4% |
| Financial income | 75/76B | €504 | €699 | +€196 | +38.8% |
| Recurring financial income | 75 | €504 | €699 | +€196 | +38.8% |
| Financial charges | 65/66B | €156 | €135 | -€21 | -13.3% |
| Recurring financial charges | 65 | €156 | €135 | -€21 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,481 | -€63,926 | -€14,446 | -29.2% |
| Income taxes | 67/77 | €643 | €645 | +€2 | +0.3% |
| Profit (loss) for the period | 9904 | -€50,123 | -€64,571 | -€14,448 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,123 | -€64,571 | -€14,448 | -28.8% |
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 17 October 2026 via checked.be.