W.P.S.: 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.P.S.
Largest movements
- Cash +€90,397
up €90,397 (+126%), from €71,648 to €162,044
mainly Receivables within one year (+€57,866) and Depreciation (+€37,853)
- Receivables within one year -€57,866
down €57,866 (-93.0%), from €62,225 to €4,360
of which Trade receivables: -€53,071
- Tangible fixed assets -€37,853
down €37,853 (-33.4%), from €113,442 to €75,589
- Current investments -€29,755
down €29,755 (-34.4%), from €86,459 to €56,704
- Deferred charges and accrued income -€6,708
down €6,708 (-66.1%), from €10,140 to €3,433
- Other debts -€11,450
down €11,450 (-7.4%), from €154,768 to €143,318
- Profit (loss) carried forward -€11,308
down €11,308 (-88.6%), from -€12,765 to -€24,073
- Tax, wage and social debts -€9,345
down €9,345 (-95.1%), from €9,828 to €483
of which Taxes: -€6,556
- Trade debts -€8,740
down €8,740 (-93.9%), from €9,304 to €564
- Gross operating margin -€53,844
down €53,844 (-62.3%), from €86,416 to €32,572
- Staff costs -€49,748
down €49,748 (-85.5%), from €58,216 to €8,467
- Financial income +€6,003
up €6,003 (+186%), from €3,226 to €9,229
- Other operating charges -€2,270
down €2,270 (-28.7%), from €7,911 to €5,641
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 | €344,048 | €302,129 | -€41,919 | -12.2% |
| Fixed assets | 21/28 | €113,577 | €75,589 | -€37,988 | -33.4% |
| Tangible fixed assets | 22/27 | €113,442 | €75,589 | -€37,853 | -33.4% |
| Land and buildings | 22 | €113,442 | €75,589 | -€37,853 | -33.4% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €230,472 | €226,540 | -€3,932 | -1.7% |
| Amounts receivable within one year | 40/41 | €62,225 | €4,360 | -€57,866 | -93.0% |
| Trade receivables | 40 | €56,698 | €3,627 | -€53,071 | -93.6% |
| Other amounts receivable | 41 | €5,527 | €733 | -€4,795 | -86.7% |
| Current investments | 50/53 | €86,459 | €56,704 | -€29,755 | -34.4% |
| Cash at bank and in hand | 54/58 | €71,648 | €162,044 | +€90,397 | +126% |
| Deferred charges and accrued income | 490/1 | €10,140 | €3,433 | -€6,708 | -66.1% |
| Total equity and liabilities | 10/49 | €344,048 | €302,129 | -€41,919 | -12.2% |
| Equity | 10/15 | €167,013 | €154,979 | -€12,034 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,178 | €160,452 | -€726 | -0.5% |
| Tax-exempt reserves | 132 | €27,178 | €26,452 | -€726 | -2.7% |
| Distributable reserves | 133 | €134,000 | €134,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,765 | -€24,073 | -€11,308 | -88.6% |
| Provisions and deferred taxes | 16 | €1,122 | €748 | -€374 | -33.3% |
| Deferred taxes | 168 | €1,122 | €748 | -€374 | -33.3% |
| Amounts payable | 17/49 | €175,913 | €146,402 | -€29,511 | -16.8% |
| Amounts payable within one year | 42/48 | €173,900 | €144,365 | -€29,535 | -17.0% |
| Trade debts | 44 | €9,304 | €564 | -€8,740 | -93.9% |
| Suppliers | 440/4 | €9,304 | €564 | -€8,740 | -93.9% |
| Taxes, remuneration and social security | 45 | €9,828 | €483 | -€9,345 | -95.1% |
| Taxes | 450/3 | €7,039 | €483 | -€6,556 | -93.1% |
| Remuneration and social security | 454/9 | €2,789 | - | -€2,789 | |
| Other amounts payable | 47/48 | €154,768 | €143,318 | -€11,450 | -7.4% |
| Accrued charges and deferred income | 492/3 | €2,013 | €2,037 | +€24 | +1.2% |
| Remuneration, social security and pensions | 62 | €58,216 | €8,467 | -€49,748 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,117 | €37,853 | -€264 | -0.7% |
| Other operating charges | 640/8 | €7,911 | €5,641 | -€2,270 | -28.7% |
| Gross operating margin | 9900 | €86,416 | €32,572 | -€53,844 | -62.3% |
| Operating profit (loss) | 9901 | -€17,827 | -€19,389 | -€1,562 | -8.8% |
| Financial income | 75/76B | €3,226 | €9,229 | +€6,003 | +186% |
| Recurring financial income | 75 | €3,226 | €9,229 | +€6,003 | +186% |
| Financial charges | 65/66B | €1,556 | €1,787 | +€231 | +14.9% |
| Recurring financial charges | 65 | €1,556 | €1,787 | +€231 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,157 | -€11,947 | +€4,210 | +26.1% |
| Transfer from deferred taxes | 780 | €374 | €374 | = | 0.0% |
| Income taxes | 67/77 | €444 | €461 | +€17 | +3.8% |
| Profit (loss) for the period | 9904 | -€16,227 | -€12,034 | +€4,193 | +25.8% |
| Transfer from tax-exempt reserves | 789 | €726 | €726 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,501 | -€11,308 | +€4,193 | +27.1% |
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 18 October 2026 via checked.be.