W R B: 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 R B
Largest movements
- Receivables within one year +€58,103
up €58,103 (+558%), from €10,412 to €68,515
of which Trade receivables: +€58,384
- Cash +€30,045
up €30,045 (+114%), from €26,289 to €56,334
mainly Debts after one year (+€27,375) and Accrued charges and deferred income (+€25,943)
- Tangible fixed assets -€23,156
down €23,156 (-43.5%), from €53,265 to €30,110
- Debts after one year +€27,375
up €27,375 (+54.7%), from €50,000 to €77,375
- Accrued charges and deferred income +€25,943
up €25,943 (+82.5%), from €31,433 to €57,376
- Tax, wage and social debts +€9,168
up €9,168 (+198%), from €4,641 to €13,809
- Trade debts +€1,989
up €1,989 (+10.9%), from €18,329 to €20,318
- Gross operating margin +€29,275
up €29,275, from -€2,399 to €26,876
- Depreciation +€6,954
up €6,954 (+42.9%), from €16,202 to €23,156
- Financial charges +€2,367
up €2,367 (+283%), from €835 to €3,202
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 | €89,966 | €154,959 | +€64,992 | +72.2% |
| Fixed assets | 21/28 | €53,265 | €30,110 | -€23,156 | -43.5% |
| Tangible fixed assets | 22/27 | €53,265 | €30,110 | -€23,156 | -43.5% |
| Furniture and vehicles | 24 | €53,265 | €30,110 | -€23,156 | -43.5% |
| Current assets | 29/58 | €36,701 | €124,849 | +€88,148 | +240% |
| Amounts receivable within one year | 40/41 | €10,412 | €68,515 | +€58,103 | +558% |
| Trade receivables | 40 | €10,048 | €68,432 | +€58,384 | +581% |
| Other amounts receivable | 41 | €364 | €83 | -€281 | -77.2% |
| Cash at bank and in hand | 54/58 | €26,289 | €56,334 | +€30,045 | +114% |
| Total equity and liabilities | 10/49 | €89,966 | €154,959 | +€64,992 | +72.2% |
| Equity | 10/15 | -€14,436 | -€13,919 | +€518 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,436 | -€18,919 | +€518 | +2.7% |
| Amounts payable | 17/49 | €104,403 | €168,877 | +€64,475 | +61.8% |
| Amounts payable after more than one year | 17 | €50,000 | €77,375 | +€27,375 | +54.7% |
| Financial debts | 170/4 | €50,000 | €77,375 | +€27,375 | +54.7% |
| Amounts payable within one year | 42/48 | €22,970 | €34,127 | +€11,157 | +48.6% |
| Trade debts | 44 | €18,329 | €20,318 | +€1,989 | +10.9% |
| Suppliers | 440/4 | €18,329 | €20,318 | +€1,989 | +10.9% |
| Taxes, remuneration and social security | 45 | €4,641 | €13,809 | +€9,168 | +198% |
| Taxes | 450/3 | €4,641 | €13,809 | +€9,168 | +198% |
| Accrued charges and deferred income | 492/3 | €31,433 | €57,376 | +€25,943 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,202 | €23,156 | +€6,954 | +42.9% |
| Gross operating margin | 9900 | -€2,399 | €26,876 | +€29,275 | |
| Operating profit (loss) | 9901 | -€18,601 | €3,720 | +€22,321 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €835 | €3,202 | +€2,367 | +283% |
| Recurring financial charges | 65 | €835 | €3,202 | +€2,367 | +283% |
| Profit (loss) for the period before taxes | 9903 | -€19,436 | €518 | +€19,954 | |
| Profit (loss) for the period | 9904 | -€19,436 | €518 | +€19,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,436 | €518 | +€19,954 |
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 16 October 2026 via checked.be.