W.S. Group: 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. Group
Largest movements
- Cash -€10,319
down €10,319 (-56.1%), from €18,401 to €8,081
mainly Trade debts (-€6,501) and Net result for the year (-€1,565)
- Receivables within one year +€1,373
up €1,373 (+26.0%), from €5,286 to €6,659
of which Trade receivables: +€726
- Tangible fixed assets +€881
new in 2025: €881
- Trade debts -€6,501
down €6,501 (-82.5%), from €7,883 to €1,382
- Profit (loss) carried forward -€1,565
down €1,565 (-34.8%), from €4,504 to €2,939
- Staff costs +€3,606
new in 2025: €3,606
- Other operating charges +€1,124
new in 2025: €1,124
- Gross operating margin -€986
down €986 (-21.2%), from €4,642 to €3,656
- Depreciation +€440
new in 2025: €440
- Financial charges -€51
down €51 (-37.2%), from €138 to €87
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 | €27,387 | €19,321 | -€8,066 | -29.5% |
| Fixed assets | 21/28 | €3,700 | €4,581 | +€881 | +23.8% |
| Tangible fixed assets | 22/27 | - | €881 | +€881 | |
| Furniture and vehicles | 24 | - | €881 | +€881 | |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €23,687 | €14,740 | -€8,947 | -37.8% |
| Amounts receivable within one year | 40/41 | €5,286 | €6,659 | +€1,373 | +26.0% |
| Trade receivables | 40 | - | €726 | +€726 | |
| Other amounts receivable | 41 | €5,286 | €5,933 | +€647 | +12.2% |
| Cash at bank and in hand | 54/58 | €18,401 | €8,081 | -€10,319 | -56.1% |
| Total equity and liabilities | 10/49 | €27,387 | €19,321 | -€8,066 | -29.5% |
| Equity | 10/15 | €19,504 | €17,939 | -€1,565 | -8.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,504 | €2,939 | -€1,565 | -34.8% |
| Amounts payable | 17/49 | €7,883 | €1,382 | -€6,501 | -82.5% |
| Amounts payable within one year | 42/48 | €7,883 | €1,382 | -€6,501 | -82.5% |
| Trade debts | 44 | €7,883 | €1,382 | -€6,501 | -82.5% |
| Suppliers | 440/4 | €7,883 | €1,382 | -€6,501 | -82.5% |
| Remuneration, social security and pensions | 62 | - | €3,606 | +€3,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €440 | +€440 | |
| Other operating charges | 640/8 | - | €1,124 | +€1,124 | |
| Gross operating margin | 9900 | €4,642 | €3,656 | -€986 | -21.2% |
| Operating profit (loss) | 9901 | €4,642 | -€1,514 | -€6,156 | |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €138 | €87 | -€51 | -37.2% |
| Recurring financial charges | 65 | €138 | €87 | -€51 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €4,504 | -€1,565 | -€6,069 | |
| Profit (loss) for the period | 9904 | €4,504 | -€1,565 | -€6,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,504 | -€1,565 | -€6,069 |
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 24 October 2026 via checked.be.