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
- Deferred charges and accrued income -€6,936
down €6,936 (-89.9%), from €7,713 to €776
- Tangible fixed assets -€2,923
down €2,923 (-29.0%), from €10,084 to €7,161
of which Plant, machinery and equipment: -€1,860
- Intangible fixed assets +€2,335
new in 2025: €2,335
- Receivables within one year +€1,320
up €1,320 (+4.3%), from €30,757 to €32,077
of which Other amounts receivable: +€4,861
- Cash +€906
up €906, from €0 to €906
mainly Net result for the year (+€7,679) and Deferred charges and accrued income (+€6,936)
- Trade debts -€9,894
down €9,894 (-84.2%), from €11,744 to €1,850
- Profit (loss) carried forward +€7,679
up €7,679 (+71.7%), from -€10,703 to -€3,024
- Other debts -€4,250
down €4,250 (-100%), from €4,250 to €0
- Tax, wage and social debts +€2,451
up €2,451 (+86.2%), from €2,841 to €5,292
of which Remuneration and social security: +€1,300
- Short-term financial debts -€1,161
down €1,161 (-100%), from €1,161 to €0
- Gross operating margin +€2,859
up €2,859 (+20.4%), from €14,022 to €16,880
- Taxes +€2,596
up €2,596 (+389%), from €667 to €3,263
- Other operating charges -€1,020
down €1,020 (-29.2%), from €3,490 to €2,470
- Depreciation +€572
up €572 (+21.1%), from €2,716 to €3,288
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 | €48,554 | €43,254 | -€5,299 | -10.9% |
| Fixed assets | 21/28 | €10,084 | €9,496 | -€588 | -5.8% |
| Intangible fixed assets | 21 | - | €2,335 | +€2,335 | |
| Tangible fixed assets | 22/27 | €10,084 | €7,161 | -€2,923 | -29.0% |
| Plant, machinery and equipment | 23 | €7,161 | €5,300 | -€1,860 | -26.0% |
| Furniture and vehicles | 24 | €2,923 | €1,861 | -€1,062 | -36.3% |
| Current assets | 29/58 | €38,470 | €33,759 | -€4,711 | -12.2% |
| Amounts receivable within one year | 40/41 | €30,757 | €32,077 | +€1,320 | +4.3% |
| Trade receivables | 40 | €15,282 | €11,741 | -€3,541 | -23.2% |
| Other amounts receivable | 41 | €15,475 | €20,335 | +€4,861 | +31.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €906 | +€906 | |
| Deferred charges and accrued income | 490/1 | €7,713 | €776 | -€6,936 | -89.9% |
| Total equity and liabilities | 10/49 | €48,554 | €43,254 | -€5,299 | -10.9% |
| Equity | 10/15 | €28,434 | €36,113 | +€7,679 | +27.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,136 | €34,136 | = | 0.0% |
| Distributable reserves | 133 | €34,136 | €34,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,703 | -€3,024 | +€7,679 | +71.7% |
| Amounts payable | 17/49 | €20,120 | €7,142 | -€12,978 | -64.5% |
| Amounts payable within one year | 42/48 | €19,996 | €7,142 | -€12,854 | -64.3% |
| Financial debts | 43 | €1,161 | €0 | -€1,161 | -100% |
| Credit institutions | 430/8 | €1,161 | €0 | -€1,161 | -100% |
| Trade debts | 44 | €11,744 | €1,850 | -€9,894 | -84.2% |
| Suppliers | 440/4 | €11,744 | €1,850 | -€9,894 | -84.2% |
| Taxes, remuneration and social security | 45 | €2,841 | €5,292 | +€2,451 | +86.2% |
| Taxes | 450/3 | €2,841 | €3,992 | +€1,151 | +40.5% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €4,250 | €0 | -€4,250 | -100% |
| Accrued charges and deferred income | 492/3 | €124 | €0 | -€124 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €3,288 | +€572 | +21.1% |
| Other operating charges | 640/8 | €3,490 | €2,470 | -€1,020 | -29.2% |
| Gross operating margin | 9900 | €14,022 | €16,880 | +€2,859 | +20.4% |
| Operating profit (loss) | 9901 | €7,815 | €11,122 | +€3,306 | +42.3% |
| Financial income | 75/76B | €906 | €952 | +€46 | +5.1% |
| Recurring financial income | 75 | €906 | €952 | +€46 | +5.1% |
| Financial charges | 65/66B | €1,215 | €1,131 | -€83 | -6.8% |
| Recurring financial charges | 65 | €1,215 | €1,131 | -€83 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €7,506 | €10,942 | +€3,436 | +45.8% |
| Income taxes | 67/77 | €667 | €3,263 | +€2,596 | +389% |
| Profit (loss) for the period | 9904 | €6,839 | €7,679 | +€840 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,839 | €7,679 | +€840 | +12.3% |
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 31 October 2026 via checked.be.