W.S CONSTRUCTION: 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.S CONSTRUCTION
Largest movements
- Receivables within one year +€47,078
up €47,078 (+623%), from €7,560 to €54,638
of which Trade receivables: +€52,126
- Cash +€35,435
up €35,435 (+40.2%), from €88,241 to €123,676
mainly Net result for the year (+€54,514) and Other debts (+€42,500)
- Tangible fixed assets -€6,015
down €6,015 (-88.1%), from €6,828 to €813
of which Furniture and vehicles: -€5,125
- Deferred charges and accrued income +€2,713
up €2,713 (+1,232%), from €220 to €2,933
- Other debts +€42,500
new in 2025: €42,500
- Trade debts +€25,360
up €25,360 (+2,416%), from €1,050 to €26,410
- Tax, wage and social debts +€12,605
up €12,605 (+83.2%), from €15,150 to €27,755
of which Taxes: +€13,350
- Profit (loss) carried forward +€4,514
up €4,514 (+6.2%), from €72,230 to €76,743
- Debts after one year -€2,475
down €2,475 (-100%), from €2,475 to €0
- Gross operating margin +€79,747
up €79,747 (+120%), from €66,496 to €146,243
- Staff costs +€23,729
up €23,729 (+58.7%), from €40,403 to €64,132
- Taxes +€11,904
up €11,904 (+306%), from €3,892 to €15,796
- Financial charges +€3,371
up €3,371 (+4,227%), from €80 to €3,451
- Other operating charges +€1,544
up €1,544 (+190%), from €812 to €2,356
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 | €105,805 | €185,883 | +€80,079 | +75.7% |
| Fixed assets | 21/28 | €7,728 | €1,713 | -€6,015 | -77.8% |
| Tangible fixed assets | 22/27 | €6,828 | €813 | -€6,015 | -88.1% |
| Plant, machinery and equipment | 23 | €1,703 | €813 | -€890 | -52.2% |
| Furniture and vehicles | 24 | €5,125 | €0 | -€5,125 | -100% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €98,076 | €184,170 | +€86,094 | +87.8% |
| Stocks and contracts in progress | 3 | €2,054 | €2,922 | +€868 | +42.3% |
| Stocks | 30/36 | €2,054 | €2,922 | +€868 | +42.3% |
| Amounts receivable within one year | 40/41 | €7,560 | €54,638 | +€47,078 | +623% |
| Trade receivables | 40 | €421 | €52,547 | +€52,126 | +12,381% |
| Other amounts receivable | 41 | €7,139 | €2,092 | -€5,048 | -70.7% |
| Cash at bank and in hand | 54/58 | €88,241 | €123,676 | +€35,435 | +40.2% |
| Deferred charges and accrued income | 490/1 | €220 | €2,933 | +€2,713 | +1,232% |
| Total equity and liabilities | 10/49 | €105,805 | €185,883 | +€80,079 | +75.7% |
| Equity | 10/15 | €82,230 | €86,743 | +€4,514 | +5.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €72,230 | €76,743 | +€4,514 | +6.2% |
| Amounts payable | 17/49 | €23,575 | €99,140 | +€75,565 | +321% |
| Amounts payable after more than one year | 17 | €2,475 | €0 | -€2,475 | -100% |
| Financial debts | 170/4 | €2,475 | €0 | -€2,475 | -100% |
| Amounts payable within one year | 42/48 | €21,100 | €99,140 | +€78,041 | +370% |
| Current portion of amounts payable after more than one year | 42 | €4,900 | €2,475 | -€2,425 | -49.5% |
| Trade debts | 44 | €1,050 | €26,410 | +€25,360 | +2,416% |
| Suppliers | 440/4 | €1,050 | €26,410 | +€25,360 | +2,416% |
| Taxes, remuneration and social security | 45 | €15,150 | €27,755 | +€12,605 | +83.2% |
| Taxes | 450/3 | €10,876 | €24,226 | +€13,350 | +123% |
| Remuneration and social security | 454/9 | €4,274 | €3,529 | -€745 | -17.4% |
| Other amounts payable | 47/48 | - | €42,500 | +€42,500 | |
| Non-recurring operating income | 76A | - | €6,127 | +€6,127 | |
| Remuneration, social security and pensions | 62 | €40,403 | €64,132 | +€23,729 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €6,015 | -€123 | -2.0% |
| Other operating charges | 640/8 | €812 | €2,356 | +€1,544 | +190% |
| Non-recurring operating charges | 66A | €908 | €0 | -€908 | -100% |
| Gross operating margin | 9900 | €66,496 | €146,243 | +€79,747 | +120% |
| Operating profit (loss) | 9901 | €18,236 | €73,740 | +€55,504 | +304% |
| Financial income | 75/76B | €1 | €21 | +€20 | +1,970% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +1,970% |
| Financial charges | 65/66B | €80 | €3,451 | +€3,371 | +4,227% |
| Recurring financial charges | 65 | €80 | €3,451 | +€3,371 | +4,227% |
| Profit (loss) for the period before taxes | 9903 | €18,157 | €70,310 | +€52,153 | +287% |
| Income taxes | 67/77 | €3,892 | €15,796 | +€11,904 | +306% |
| Profit (loss) for the period | 9904 | €14,265 | €54,514 | +€40,249 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €14,265 | €54,514 | +€40,249 | +282% |
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 20 October 2026 via checked.be.