W&S Projects: 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 Projects
Largest movements
- Receivables within one year -€7,661
down €7,661 (-80.0%), from €9,583 to €1,921
of which Trade receivables: -€7,672
- Cash -€273
down €273 (-46.5%), from €586 to €314
mainly Tax, wage and social debts (-€4,940) and Net result for the year (-€3,932)
- Tax, wage and social debts -€4,940
down €4,940 (-74.0%), from €6,674 to €1,734
of which Taxes: -€4,940
- Profit (loss) carried forward -€3,750
new in 2023: -€3,750
- Trade debts +€966
up €966 (+149%), from €649 to €1,615
- Reserves -€182
down €182 (-100%), from €182 to €0
- Write-downs +€2,672
new in 2023: €2,672
- Financial charges +€1,841
up €1,841 (+1,461%), from €126 to €1,967
- Staff costs -€1,196
down €1,196 (-100%), from €1,196 to €0
- Gross operating margin -€880
down €880 (-53.2%), from €1,654 to €774
- Other operating charges -€662
down €662 (-80.8%), from €819 to €157
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,505 | €3,599 | -€7,906 | -68.7% |
| Fixed assets | 21/28 | €1,275 | €1,275 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €10,230 | €2,324 | -€7,906 | -77.3% |
| Amounts receivable within one year | 40/41 | €9,583 | €1,921 | -€7,661 | -80.0% |
| Trade receivables | 40 | €7,672 | €0 | -€7,672 | -100% |
| Other amounts receivable | 41 | €1,911 | €1,921 | +€10 | +0.5% |
| Cash at bank and in hand | 54/58 | €586 | €314 | -€273 | -46.5% |
| Deferred charges and accrued income | 490/1 | €61 | €89 | +€28 | +45.1% |
| Total equity and liabilities | 10/49 | €11,505 | €3,599 | -€7,906 | -68.7% |
| Equity | 10/15 | €4,182 | €250 | -€3,932 | -94.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €182 | €0 | -€182 | -100% |
| Distributable reserves | 133 | €182 | €0 | -€182 | -100% |
| Profit (loss) carried forward | 14 | - | -€3,750 | -€3,750 | |
| Amounts payable | 17/49 | €7,323 | €3,349 | -€3,974 | -54.3% |
| Amounts payable within one year | 42/48 | €7,323 | €3,349 | -€3,974 | -54.3% |
| Trade debts | 44 | €649 | €1,615 | +€966 | +149% |
| Suppliers | 440/4 | €649 | €1,615 | +€966 | +149% |
| Taxes, remuneration and social security | 45 | €6,674 | €1,734 | -€4,940 | -74.0% |
| Taxes | 450/3 | €6,674 | €1,734 | -€4,940 | -74.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,196 | €0 | -€1,196 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,672 | +€2,672 | |
| Other operating charges | 640/8 | €819 | €157 | -€662 | -80.8% |
| Non-recurring operating charges | 66A | €1,320 | - | -€1,320 | |
| Gross operating margin | 9900 | €1,654 | €774 | -€880 | -53.2% |
| Operating profit (loss) | 9901 | -€1,681 | -€2,055 | -€374 | -22.3% |
| Financial income | 75/76B | €61 | €89 | +€28 | +45.1% |
| Recurring financial income | 75 | €61 | €89 | +€28 | +45.1% |
| Financial charges | 65/66B | €126 | €1,967 | +€1,841 | +1,461% |
| Recurring financial charges | 65 | €126 | €1,967 | +€1,841 | +1,461% |
| Profit (loss) for the period before taxes | 9903 | -€1,745 | -€3,932 | -€2,187 | -125% |
| Income taxes | 67/77 | €440 | €0 | -€440 | -100% |
| Profit (loss) for the period | 9904 | -€2,185 | -€3,932 | -€1,747 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,185 | -€3,932 | -€1,747 | -79.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.