W-roll: 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-roll
Largest movements
- Tangible fixed assets -€10,819
down €10,819 (-27.6%), from €39,198 to €28,379
of which Furniture and vehicles: -€6,724
- Cash -€7,404
down €7,404 (-40.2%), from €18,399 to €10,995
mainly Net result for the year (-€24,900) and Trade debts (-€7,607)
- Receivables within one year -€2,777
down €2,777 (-37.6%), from €7,388 to €4,611
of which Trade receivables: -€1,734
- Deferred charges and accrued income +€684
new in 2025: €684
- Profit (loss) carried forward -€24,900
down €24,900 (-3587.9%), from -€694 to -€25,594
- Other debts +€15,607
up €15,607 (+31.4%), from €49,722 to €65,329
- Trade debts -€7,607
down €7,607 (-86.5%), from €8,794 to €1,187
- Tax, wage and social debts -€4,283
down €4,283 (-69.5%), from €6,163 to €1,880
of which Remuneration and social security: -€4,500
- Accrued charges and deferred income +€867
new in 2025: €867
- Gross operating margin -€23,984
down €23,984, from €11,016 to -€12,968
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 | €64,985 | €44,669 | -€20,316 | -31.3% |
| Fixed assets | 21/28 | €39,198 | €28,379 | -€10,819 | -27.6% |
| Tangible fixed assets | 22/27 | €39,198 | €28,379 | -€10,819 | -27.6% |
| Land and buildings | 22 | €4,427 | €3,812 | -€615 | -13.9% |
| Plant, machinery and equipment | 23 | €10,783 | €7,303 | -€3,480 | -32.3% |
| Furniture and vehicles | 24 | €23,988 | €17,264 | -€6,724 | -28.0% |
| Current assets | 29/58 | €25,787 | €16,290 | -€9,497 | -36.8% |
| Amounts receivable within one year | 40/41 | €7,388 | €4,611 | -€2,777 | -37.6% |
| Trade receivables | 40 | €6,345 | €4,611 | -€1,734 | -27.3% |
| Other amounts receivable | 41 | €1,043 | - | -€1,043 | |
| Cash at bank and in hand | 54/58 | €18,399 | €10,995 | -€7,404 | -40.2% |
| Deferred charges and accrued income | 490/1 | - | €684 | +€684 | |
| Total equity and liabilities | 10/49 | €64,985 | €44,669 | -€20,316 | -31.3% |
| Equity | 10/15 | €306 | -€24,594 | -€24,900 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694 | -€25,594 | -€24,900 | -3587.9% |
| Amounts payable | 17/49 | €64,679 | €69,263 | +€4,584 | +7.1% |
| Amounts payable within one year | 42/48 | €64,679 | €68,396 | +€3,717 | +5.7% |
| Trade debts | 44 | €8,794 | €1,187 | -€7,607 | -86.5% |
| Suppliers | 440/4 | €8,794 | €1,187 | -€7,607 | -86.5% |
| Taxes, remuneration and social security | 45 | €6,163 | €1,880 | -€4,283 | -69.5% |
| Taxes | 450/3 | €1,663 | €1,880 | +€217 | +13.0% |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €49,722 | €65,329 | +€15,607 | +31.4% |
| Accrued charges and deferred income | 492/3 | - | €867 | +€867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,824 | €10,819 | -€5 | 0.0% |
| Other operating charges | 640/8 | €705 | €831 | +€126 | +17.9% |
| Gross operating margin | 9900 | €11,016 | -€12,968 | -€23,984 | |
| Operating profit (loss) | 9901 | -€513 | -€24,618 | -€24,105 | -4698.8% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€648 | -€24,768 | -€24,120 | -3722.2% |
| Income taxes | 67/77 | €221 | €132 | -€89 | -40.3% |
| Profit (loss) for the period | 9904 | -€869 | -€24,900 | -€24,031 | -2765.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€869 | -€24,900 | -€24,031 | -2765.4% |
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 5 October 2026 via checked.be.