W & R: 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 & R
Largest movements
- Cash -€22,948
down €22,948 (-89.7%), from €25,578 to €2,630
- Receivables within one year -€19,292
down €19,292 (-87.1%), from €22,149 to €2,857
- Tangible fixed assets -€17,753
down €17,753 (-40.7%), from €43,580 to €25,827
- Deferred charges and accrued income -€1,313
no longer reported in 2025 (was €1,313)
- Intangible fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Profit (loss) carried forward -€20,955
down €20,955 (-69.0%), from -€30,373 to -€51,328
- Debts after one year -€17,439
down €17,439 (-48.7%), from €35,823 to €18,384
- Trade debts -€15,356
no longer reported in 2025 (was €15,356)
- Tax, wage and social debts -€10,429
no longer reported in 2025 (was €10,429)
of which Remuneration and social security: -€5,534
- Other debts +€1,046
new in 2025: €1,046
- Turnover -€246,171
no longer reported in 2025 (was €246,171)
- Purchases and services -€214,567
down €214,567 (-98.4%), from €218,039 to €3,472
- Staff costs -€49,277
down €49,277, from €46,762 to -€2,515
- Gross operating margin -€31,604
down €31,604, from €28,132 to -€3,472
- Taxes -€15,636
no longer reported in 2025 (was €15,636)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,744 | €31,439 | -€62,305 | -66.5% |
| Fixed assets | 21/28 | €44,705 | €25,952 | -€18,753 | -41.9% |
| Intangible fixed assets | 21 | €1,000 | - | -€1,000 | |
| Tangible fixed assets | 22/27 | €43,580 | €25,827 | -€17,753 | -40.7% |
| Furniture and vehicles | 24 | €43,580 | €25,827 | -€17,753 | -40.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €49,039 | €5,487 | -€43,552 | -88.8% |
| Amounts receivable within one year | 40/41 | €22,149 | €2,857 | -€19,292 | -87.1% |
| Other amounts receivable | 41 | €22,149 | €2,857 | -€19,292 | -87.1% |
| Cash at bank and in hand | 54/58 | €25,578 | €2,630 | -€22,948 | -89.7% |
| Deferred charges and accrued income | 490/1 | €1,313 | - | -€1,313 | |
| Total equity and liabilities | 10/49 | €93,744 | €31,439 | -€62,305 | -66.5% |
| Equity | 10/15 | €24,032 | €3,077 | -€20,955 | -87.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €35,805 | €35,805 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,790 | €1,790 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,790 | €1,790 | -€0 | 0.0% |
| Distributable reserves | 133 | €34,015 | €34,015 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€30,373 | -€51,328 | -€20,955 | -69.0% |
| Amounts payable | 17/49 | €69,712 | €28,362 | -€41,350 | -59.3% |
| Amounts payable after more than one year | 17 | €35,823 | €18,384 | -€17,439 | -48.7% |
| Financial debts | 170/4 | €35,823 | €18,384 | -€17,439 | -48.7% |
| Amounts payable within one year | 42/48 | €33,890 | €9,978 | -€23,912 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €8,105 | €8,932 | +€827 | +10.2% |
| Trade debts | 44 | €15,356 | - | -€15,356 | |
| Suppliers | 440/4 | €15,356 | - | -€15,356 | |
| Taxes, remuneration and social security | 45 | €10,429 | - | -€10,429 | |
| Taxes | 450/3 | €4,895 | - | -€4,895 | |
| Remuneration and social security | 454/9 | €5,534 | - | -€5,534 | |
| Other amounts payable | 47/48 | - | €1,046 | +€1,046 | |
| Turnover | 70 | €246,171 | - | -€246,171 | |
| Goods, raw materials, services and sundry goods | 60/61 | €218,039 | €3,472 | -€214,567 | -98.4% |
| Remuneration, social security and pensions | 62 | €46,762 | -€2,515 | -€49,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,034 | €8,877 | +€6,843 | +336.5% |
| Other operating charges | 640/8 | €5,096 | €2,583 | -€2,513 | -49.3% |
| Gross operating margin | 9900 | €28,132 | -€3,472 | -€31,604 | |
| Operating profit (loss) | 9901 | -€25,760 | -€12,417 | +€13,343 | +51.8% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,984 | €1,959 | -€25 | -1.3% |
| Recurring financial charges | 65 | €1,984 | €1,959 | -€25 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,737 | -€14,376 | +€13,361 | +48.2% |
| Income taxes | 67/77 | €15,636 | - | -€15,636 | |
| Profit (loss) for the period | 9904 | -€43,373 | -€14,376 | +€28,997 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,373 | -€14,376 | +€28,997 | +66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.