W Properties: 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 Properties
Largest movements
- Financial fixed assets -€96,000
no longer reported in 2025 (was €96,000)
- Receivables within one year -€9,936
down €9,936 (-44.1%), from €22,523 to €12,588
of which Trade receivables: -€9,896
- Profit (loss) carried forward -€96,914
down €96,914 (-86.8%), from €111,648 to €14,734
- Trade debts -€11,792
down €11,792 (-76.8%), from €15,349 to €3,557
- Tax, wage and social debts +€2,300
up €2,300 (+280.0%), from €822 to €3,122
- Gross operating margin +€3,588
up €3,588, from -€2,914 to €673
- Depreciation -€498
down €498 (-25.8%), from €1,934 to €1,436
- Other operating charges +€108
new in 2025: €108
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 | €151,791 | €45,385 | -€106,406 | -70.1% |
| Fixed assets | 21/28 | €99,533 | €2,098 | -€97,436 | -97.9% |
| Tangible fixed assets | 22/27 | €3,533 | €2,098 | -€1,436 | -40.6% |
| Furniture and vehicles | 24 | €3,533 | €2,098 | -€1,436 | -40.6% |
| Financial fixed assets | 28 | €96,000 | - | -€96,000 | |
| Current assets | 29/58 | €52,257 | €43,287 | -€8,970 | -17.2% |
| Amounts receivable within one year | 40/41 | €22,523 | €12,588 | -€9,936 | -44.1% |
| Trade receivables | 40 | €12,000 | €2,104 | -€9,896 | -82.5% |
| Other amounts receivable | 41 | €10,523 | €10,484 | -€39 | -0.4% |
| Cash at bank and in hand | 54/58 | €29,734 | €30,605 | +€871 | +2.9% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €151,791 | €45,385 | -€106,406 | -70.1% |
| Equity | 10/15 | €129,620 | €32,706 | -€96,914 | -74.8% |
| Contributions | 10/11 | €15,741 | €15,741 | = | 0.0% |
| Reserves | 13 | €2,231 | €2,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,231 | €0 | -€2,231 | -100.0% |
| Reserves not available under the articles | 1311 | €2,231 | - | -€2,231 | |
| Distributable reserves | 133 | - | €2,231 | +€2,231 | |
| Profit (loss) carried forward | 14 | €111,648 | €14,734 | -€96,914 | -86.8% |
| Amounts payable | 17/49 | €22,170 | €12,679 | -€9,492 | -42.8% |
| Amounts payable within one year | 42/48 | €16,170 | €6,679 | -€9,492 | -58.7% |
| Trade debts | 44 | €15,349 | €3,557 | -€11,792 | -76.8% |
| Suppliers | 440/4 | €15,349 | €3,557 | -€11,792 | -76.8% |
| Taxes, remuneration and social security | 45 | €822 | €3,122 | +€2,300 | +280.0% |
| Taxes | 450/3 | €822 | €3,122 | +€2,300 | +280.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €1,436 | -€498 | -25.8% |
| Other operating charges | 640/8 | - | €108 | +€108 | |
| Non-recurring operating charges | 66A | €63,999 | €95,999 | +€32,000 | +50.0% |
| Gross operating margin | 9900 | -€2,914 | €673 | +€3,588 | |
| Operating profit (loss) | 9901 | -€68,847 | -€96,869 | -€28,022 | -40.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €71 | €45 | -€26 | -36.2% |
| Recurring financial charges | 65 | €71 | €45 | -€26 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,918 | -€96,914 | -€27,997 | -40.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€68,918 | -€96,914 | -€27,997 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,918 | -€96,914 | -€27,997 | -40.6% |
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 3 October 2026 via checked.be.