W&S TEK: 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 TEK
Largest movements
- Receivables within one year -€11,168
down €11,168 (-44.4%), from €25,168 to €14,000
- Cash -€1,385
down €1,385 (-5.0%), from €27,482 to €26,097
mainly Current portion of long-term debt (-€4,488) and Tax, wage and social debts (-€4,228)
- Tangible fixed assets -€771
down €771 (-18.2%), from €4,235 to €3,465
of which Land and buildings: -€480
- Current portion of long-term debt -€4,488
no longer reported in 2025 (was €4,488)
- Tax, wage and social debts -€4,228
down €4,228 (-35.2%), from €12,012 to €7,785
of which Taxes: -€4,228
- Other debts -€3,035
down €3,035 (-13.0%), from €23,358 to €20,323
- Profit (loss) carried forward -€2,126
down €2,126 (-34.3%), from €6,193 to €4,067
- Gross operating margin -€40,116
down €40,116, from €39,653 to -€463
- Taxes -€6,614
down €6,614 (-98.0%), from €6,747 to €134
- Depreciation -€5,945
down €5,945 (-88.5%), from €6,715 to €771
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 | €57,596 | €44,314 | -€13,282 | -23.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,235 | €3,465 | -€771 | -18.2% |
| Tangible fixed assets | 22/27 | €4,235 | €3,465 | -€771 | -18.2% |
| Land and buildings | 22 | €3,436 | €2,956 | -€480 | -14.0% |
| Plant, machinery and equipment | 23 | €799 | €509 | -€291 | -36.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €53,361 | €40,849 | -€12,512 | -23.4% |
| Amounts receivable within one year | 40/41 | €25,168 | €14,000 | -€11,168 | -44.4% |
| Trade receivables | 40 | €25,168 | €14,000 | -€11,168 | -44.4% |
| Cash at bank and in hand | 54/58 | €27,482 | €26,097 | -€1,385 | -5.0% |
| Deferred charges and accrued income | 490/1 | €711 | €752 | +€41 | +5.8% |
| Total equity and liabilities | 10/49 | €57,596 | €44,314 | -€13,282 | -23.1% |
| Equity | 10/15 | €17,269 | €15,144 | -€2,126 | -12.3% |
| Contributions | 10/11 | €9,217 | €9,217 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,193 | €4,067 | -€2,126 | -34.3% |
| Amounts payable | 17/49 | €40,327 | €29,170 | -€11,156 | -27.7% |
| Amounts payable within one year | 42/48 | €40,288 | €29,054 | -€11,234 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €4,488 | - | -€4,488 | |
| Trade debts | 44 | €429 | €947 | +€518 | +121% |
| Suppliers | 440/4 | €429 | €947 | +€518 | +121% |
| Taxes, remuneration and social security | 45 | €12,012 | €7,785 | -€4,228 | -35.2% |
| Taxes | 450/3 | €8,727 | €4,500 | -€4,228 | -48.4% |
| Remuneration and social security | 454/9 | €3,285 | €3,285 | = | 0.0% |
| Other amounts payable | 47/48 | €23,358 | €20,323 | -€3,035 | -13.0% |
| Accrued charges and deferred income | 492/3 | €39 | €116 | +€77 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,715 | €771 | -€5,945 | -88.5% |
| Other operating charges | 640/8 | €629 | €591 | -€37 | -5.9% |
| Gross operating margin | 9900 | €39,653 | -€463 | -€40,116 | |
| Operating profit (loss) | 9901 | €32,309 | -€1,825 | -€34,134 | |
| Financial income | 75/76B | €76 | €78 | +€2 | +2.0% |
| Recurring financial income | 75 | €76 | €78 | +€2 | +2.0% |
| Financial charges | 65/66B | €303 | €245 | -€58 | -19.3% |
| Recurring financial charges | 65 | €303 | €245 | -€58 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €32,082 | -€1,992 | -€34,074 | |
| Income taxes | 67/77 | €6,747 | €134 | -€6,614 | -98.0% |
| Profit (loss) for the period | 9904 | €25,335 | -€2,126 | -€27,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,335 | -€2,126 | -€27,461 |
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 16 October 2026 via checked.be.