W&S Int.: 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 Int.
Largest movements
- Receivables within one year +€36,971
up €36,971 (+85.2%), from €43,373 to €80,344
of which Trade receivables: +€39,461
- Receivables after one year -€33,113
down €33,113 (-16.4%), from €201,989 to €168,876
- Reserves -€56,933
down €56,933 (-18.8%), from €302,152 to €245,219
- Other debts +€48,856
up €48,856 (+281%), from €17,392 to €66,248
- Trade debts +€31,680
up €31,680 (+101%), from €31,511 to €63,191
- Debts after one year -€25,000
down €25,000 (-8.6%), from €290,000 to €265,000
- Staff costs +€34,984
up €34,984 (+149%), from €23,460 to €58,443
- Gross operating margin +€29,349
up €29,349 (+91.4%), from €32,124 to €61,473
- Financial income +€1,762
up €1,762 (+29.9%), from €5,888 to €7,650
- Financial charges +€874
up €874 (+19.0%), from €4,597 to €5,471
- Taxes -€826
down €826 (-52.8%), from €1,564 to €738
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,640 | €689,972 | -€668 | -0.1% |
| Fixed assets | 21/28 | €421,959 | €418,576 | -€3,384 | -0.8% |
| Tangible fixed assets | 22/27 | €13,534 | €10,151 | -€3,384 | -25.0% |
| Other tangible fixed assets | 26 | €13,534 | €10,151 | -€3,384 | -25.0% |
| Financial fixed assets | 28 | €408,425 | €408,425 | = | 0.0% |
| Current assets | 29/58 | €268,680 | €271,396 | +€2,716 | +1.0% |
| Amounts receivable after more than one year | 29 | €201,989 | €168,876 | -€33,113 | -16.4% |
| Other amounts receivable | 291 | €201,989 | €168,876 | -€33,113 | -16.4% |
| Amounts receivable within one year | 40/41 | €43,373 | €80,344 | +€36,971 | +85.2% |
| Trade receivables | 40 | €18,119 | €57,580 | +€39,461 | +218% |
| Other amounts receivable | 41 | €25,254 | €22,764 | -€2,490 | -9.9% |
| Current investments | 50/53 | €12,249 | €13,077 | +€828 | +6.8% |
| Cash at bank and in hand | 54/58 | €10,923 | €8,953 | -€1,970 | -18.0% |
| Deferred charges and accrued income | 490/1 | €146 | €146 | = | 0.0% |
| Total equity and liabilities | 10/49 | €690,640 | €689,972 | -€668 | -0.1% |
| Equity | 10/15 | €320,702 | €263,769 | -€56,933 | -17.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €302,152 | €245,219 | -€56,933 | -18.8% |
| Distributable reserves | 133 | €302,152 | €245,219 | -€56,933 | -18.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €369,937 | €426,202 | +€56,265 | +15.2% |
| Amounts payable after more than one year | 17 | €290,000 | €265,000 | -€25,000 | -8.6% |
| Financial debts | 170/4 | €290,000 | €265,000 | -€25,000 | -8.6% |
| Amounts payable within one year | 42/48 | €76,169 | €158,335 | +€82,166 | +108% |
| Trade debts | 44 | €31,511 | €63,191 | +€31,680 | +101% |
| Suppliers | 440/4 | €31,511 | €63,191 | +€31,680 | +101% |
| Taxes, remuneration and social security | 45 | €27,266 | €28,896 | +€1,630 | +6.0% |
| Taxes | 450/3 | €16,927 | €11,622 | -€5,306 | -31.3% |
| Remuneration and social security | 454/9 | €10,338 | €17,274 | +€6,936 | +67.1% |
| Other amounts payable | 47/48 | €17,392 | €66,248 | +€48,856 | +281% |
| Accrued charges and deferred income | 492/3 | €3,768 | €2,868 | -€901 | -23.9% |
| Remuneration, social security and pensions | 62 | €23,460 | €58,443 | +€34,984 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €3,384 | -€50 | -1.5% |
| Other operating charges | 640/8 | €759 | €412 | -€347 | -45.7% |
| Gross operating margin | 9900 | €32,124 | €61,473 | +€29,349 | +91.4% |
| Operating profit (loss) | 9901 | €4,471 | -€766 | -€5,237 | |
| Financial income | 75/76B | €5,888 | €7,650 | +€1,762 | +29.9% |
| Recurring financial income | 75 | €5,888 | €7,650 | +€1,762 | +29.9% |
| Financial charges | 65/66B | €4,597 | €5,471 | +€874 | +19.0% |
| Recurring financial charges | 65 | €4,597 | €5,471 | +€874 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €5,762 | €1,413 | -€4,350 | -75.5% |
| Income taxes | 67/77 | €1,564 | €738 | -€826 | -52.8% |
| Profit (loss) for the period | 9904 | €4,198 | €675 | -€3,523 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,198 | €675 | -€3,523 | -83.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.