W Properties & Management: 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 Properties & Management
Largest movements
- Receivables within one year -€13,550
down €13,550 (-23.7%), from €57,147 to €43,597
- Cash +€7,404
up €7,404 (+217%), from €3,415 to €10,819
mainly Receivables within one year (+€13,550) and Other debts (+€12,718)
- Financial fixed assets +€2,000
up €2,000 (+926%), from €216 to €2,216
- Intangible fixed assets -€1,860
down €1,860 (-23.5%), from €7,918 to €6,058
- Other debts +€12,718
up €12,718 (+257%), from €4,944 to €17,663
- Trade debts -€11,040
down €11,040 (-24.7%), from €44,753 to €33,713
- Tax, wage and social debts -€8,688
down €8,688 (-28.4%), from €30,561 to €21,874
of which Remuneration and social security: -€4,638
- Gross operating margin -€35,986
down €35,986 (-52.6%), from €68,355 to €32,369
- Staff costs -€3,178
down €3,178 (-13.6%), from €23,432 to €20,254
- Depreciation +€1,821
up €1,821 (+53.8%), from €3,381 to €5,202
- Other operating charges -€855
down €855 (-18.1%), from €4,727 to €3,871
- Financial charges -€723
down €723 (-22.1%), from €3,268 to €2,546
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,819 | €80,316 | -€6,503 | -7.5% |
| Fixed assets | 21/28 | €26,150 | €25,790 | -€360 | -1.4% |
| Intangible fixed assets | 21 | €7,918 | €6,058 | -€1,860 | -23.5% |
| Tangible fixed assets | 22/27 | €18,016 | €17,517 | -€500 | -2.8% |
| Furniture and vehicles | 24 | €17,550 | €17,517 | -€34 | -0.2% |
| Other tangible fixed assets | 26 | €466 | - | -€466 | |
| Financial fixed assets | 28 | €216 | €2,216 | +€2,000 | +926% |
| Current assets | 29/58 | €60,669 | €54,525 | -€6,144 | -10.1% |
| Amounts receivable within one year | 40/41 | €57,147 | €43,597 | -€13,550 | -23.7% |
| Trade receivables | 40 | €57,147 | €43,597 | -€13,550 | -23.7% |
| Cash at bank and in hand | 54/58 | €3,415 | €10,819 | +€7,404 | +217% |
| Deferred charges and accrued income | 490/1 | €106 | €109 | +€3 | +2.5% |
| Total equity and liabilities | 10/49 | €86,819 | €80,316 | -€6,503 | -7.5% |
| Equity | 10/15 | -€24,441 | -€23,934 | +€506 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,041 | -€42,534 | +€506 | +1.2% |
| Amounts payable | 17/49 | €111,259 | €104,250 | -€7,009 | -6.3% |
| Amounts payable after more than one year | 17 | €31,000 | €31,000 | = | 0.0% |
| Financial debts | 170/4 | €31,000 | €31,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,259 | €73,250 | -€7,009 | -8.7% |
| Trade debts | 44 | €44,753 | €33,713 | -€11,040 | -24.7% |
| Suppliers | 440/4 | €44,753 | €33,713 | -€11,040 | -24.7% |
| Taxes, remuneration and social security | 45 | €30,561 | €21,874 | -€8,688 | -28.4% |
| Taxes | 450/3 | €23,020 | €18,970 | -€4,049 | -17.6% |
| Remuneration and social security | 454/9 | €7,542 | €2,903 | -€4,638 | -61.5% |
| Other amounts payable | 47/48 | €4,944 | €17,663 | +€12,718 | +257% |
| Remuneration, social security and pensions | 62 | €23,432 | €20,254 | -€3,178 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,381 | €5,202 | +€1,821 | +53.8% |
| Other operating charges | 640/8 | €4,727 | €3,871 | -€855 | -18.1% |
| Gross operating margin | 9900 | €68,355 | €32,369 | -€35,986 | -52.6% |
| Operating profit (loss) | 9901 | €36,815 | €3,042 | -€33,774 | -91.7% |
| Financial income | 75/76B | €40 | €10 | -€30 | -75.2% |
| Recurring financial income | 75 | €40 | €10 | -€30 | -75.2% |
| Financial charges | 65/66B | €3,268 | €2,546 | -€723 | -22.1% |
| Recurring financial charges | 65 | €3,268 | €2,546 | -€723 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €33,587 | €506 | -€33,081 | -98.5% |
| Income taxes | 67/77 | €279 | - | -€279 | |
| Profit (loss) for the period | 9904 | €33,308 | €506 | -€32,802 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,308 | €506 | -€32,802 | -98.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.