W-REALIZE: 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-REALIZE
Largest movements
- Receivables within one year -€17,447
down €17,447 (-65.9%), from €26,465 to €9,018
of which Trade receivables: -€20,613
- Cash +€15,433
up €15,433 (+116.0%), from €13,309 to €28,742
mainly Receivables within one year (+€17,447) and Tax, wage and social debts (+€3,887)
- Tangible fixed assets +€8,641
up €8,641 (+373.5%), from €2,314 to €10,955
of which Furniture and vehicles: +€9,897
- Deferred charges and accrued income -€983
no longer reported in 2025 (was €983)
- Tax, wage and social debts +€3,887
up €3,887 (+42.8%), from €9,091 to €12,977
of which Remuneration and social security: +€2,000
- Reserves +€3,012
up €3,012 (+10.8%), from €27,960 to €30,972
- Other debts -€1,721
no longer reported in 2025 (was €1,721)
- Depreciation +€2,238
up €2,238 (+150.0%), from €1,492 to €3,730
- Taxes -€1,221
down €1,221 (-35.7%), from €3,417 to €2,197
- Gross operating margin -€893
down €893 (-7.7%), from €11,531 to €10,637
- Staff costs +€391
up €391 (+106.1%), from €369 to €760
- Other operating charges -€161
down €161 (-15.9%), from €1,013 to €852
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 | €43,071 | €48,715 | +€5,644 | +13.1% |
| Fixed assets | 21/28 | €2,314 | €10,955 | +€8,641 | +373.5% |
| Tangible fixed assets | 22/27 | €2,314 | €10,955 | +€8,641 | +373.5% |
| Plant, machinery and equipment | 23 | €924 | - | -€924 | |
| Furniture and vehicles | 24 | - | €9,897 | +€9,897 | |
| Other tangible fixed assets | 26 | €1,390 | €1,058 | -€332 | -23.9% |
| Current assets | 29/58 | €40,757 | €37,760 | -€2,997 | -7.4% |
| Amounts receivable within one year | 40/41 | €26,465 | €9,018 | -€17,447 | -65.9% |
| Trade receivables | 40 | €26,465 | €5,853 | -€20,613 | -77.9% |
| Other amounts receivable | 41 | - | €3,166 | +€3,166 | |
| Cash at bank and in hand | 54/58 | €13,309 | €28,742 | +€15,433 | +116.0% |
| Deferred charges and accrued income | 490/1 | €983 | - | -€983 | |
| Total equity and liabilities | 10/49 | €43,071 | €48,715 | +€5,644 | +13.1% |
| Equity | 10/15 | €29,960 | €32,972 | +€3,012 | +10.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,960 | €30,972 | +€3,012 | +10.8% |
| Distributable reserves | 133 | €27,960 | €30,972 | +€3,012 | +10.8% |
| Amounts payable | 17/49 | €13,111 | €15,743 | +€2,632 | +20.1% |
| Amounts payable within one year | 42/48 | €13,111 | €15,743 | +€2,632 | +20.1% |
| Trade debts | 44 | €2,299 | €2,765 | +€467 | +20.3% |
| Suppliers | 440/4 | €2,299 | €2,765 | +€467 | +20.3% |
| Taxes, remuneration and social security | 45 | €9,091 | €12,977 | +€3,887 | +42.8% |
| Taxes | 450/3 | €9,091 | €10,977 | +€1,887 | +20.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,721 | - | -€1,721 | |
| Remuneration, social security and pensions | 62 | €369 | €760 | +€391 | +106.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €3,730 | +€2,238 | +150.0% |
| Other operating charges | 640/8 | €1,013 | €852 | -€161 | -15.9% |
| Gross operating margin | 9900 | €11,531 | €10,637 | -€893 | -7.7% |
| Operating profit (loss) | 9901 | €8,657 | €5,295 | -€3,362 | -38.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €70 | €86 | +€15 | +21.8% |
| Recurring financial charges | 65 | €70 | €86 | +€15 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €8,586 | €5,209 | -€3,377 | -39.3% |
| Income taxes | 67/77 | €3,417 | €2,197 | -€1,221 | -35.7% |
| Profit (loss) for the period | 9904 | €5,169 | €3,012 | -€2,157 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,169 | €3,012 | -€2,157 | -41.7% |
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 8 October 2026 via checked.be.