W.S. PROPERTIES: 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. PROPERTIES
Largest movements
- Cash -€64,490
down €64,490 (-55.8%), from €115,632 to €51,142
mainly Receivables within one year (-€60,891) and Debts after one year (-€42,495)
- Receivables within one year +€60,891
up €60,891 (+250%), from €24,380 to €85,271
of which Other amounts receivable: +€42,836
- Tangible fixed assets -€40,800
down €40,800 (-3.3%), from €1.2m to €1.2m
- Debts after one year -€42,495
down €42,495 (-17.8%), from €239,316 to €196,821
- Gross operating margin -€1,812
down €1,812 (-1.4%), from €133,877 to €132,065
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 | €1,365,546 | €1,321,147 | -€44,400 | -3.3% |
| Fixed assets | 21/28 | €1,225,534 | €1,184,734 | -€40,800 | -3.3% |
| Tangible fixed assets | 22/27 | €1,225,534 | €1,184,734 | -€40,800 | -3.3% |
| Land and buildings | 22 | €1,225,534 | €1,184,734 | -€40,800 | -3.3% |
| Current assets | 29/58 | €140,012 | €136,412 | -€3,600 | -2.6% |
| Amounts receivable within one year | 40/41 | €24,380 | €85,271 | +€60,891 | +250% |
| Trade receivables | 40 | €873 | €18,928 | +€18,055 | +2,067% |
| Other amounts receivable | 41 | €23,506 | €66,343 | +€42,836 | +182% |
| Cash at bank and in hand | 54/58 | €115,632 | €51,142 | -€64,490 | -55.8% |
| Total equity and liabilities | 10/49 | €1,365,546 | €1,321,147 | -€44,400 | -3.3% |
| Equity | 10/15 | €1,040,287 | €1,040,287 | = | 0.0% |
| Contributions | 10/11 | €1,007,200 | €1,007,200 | = | 0.0% |
| Reserves | 13 | €33,087 | €33,087 | = | 0.0% |
| Distributable reserves | 133 | €33,087 | €33,087 | = | 0.0% |
| Amounts payable | 17/49 | €325,259 | €280,860 | -€44,400 | -13.7% |
| Amounts payable after more than one year | 17 | €239,316 | €196,821 | -€42,495 | -17.8% |
| Financial debts | 170/4 | €239,316 | €196,821 | -€42,495 | -17.8% |
| Amounts payable within one year | 42/48 | €85,944 | €84,039 | -€1,905 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €41,453 | €42,495 | +€1,042 | +2.5% |
| Trade debts | 44 | €2,534 | €1,709 | -€825 | -32.5% |
| Suppliers | 440/4 | €2,534 | €1,709 | -€825 | -32.5% |
| Other amounts payable | 47/48 | €41,956 | €39,835 | -€2,122 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,800 | €40,800 | = | 0.0% |
| Other operating charges | 640/8 | €29,597 | €30,636 | +€1,039 | +3.5% |
| Gross operating margin | 9900 | €133,877 | €132,065 | -€1,812 | -1.4% |
| Operating profit (loss) | 9901 | €63,480 | €60,629 | -€2,852 | -4.5% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €7,682 | €6,629 | -€1,053 | -13.7% |
| Recurring financial charges | 65 | €7,682 | €6,629 | -€1,053 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €55,828 | €53,999 | -€1,829 | -3.3% |
| Income taxes | 67/77 | €13,957 | €14,250 | +€293 | +2.1% |
| Profit (loss) for the period | 9904 | €41,871 | €39,750 | -€2,122 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,871 | €39,750 | -€2,122 | -5.1% |
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 19 October 2026 via checked.be.