W.T.O.: 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.T.O.
Largest movements
- Receivables within one year +€18,166
up €18,166 (+42.1%), from €43,195 to €61,361
of which Trade receivables: +€18,150
- Reserves +€17,173
up €17,173 (+1.7%), from €1.0m to €1.0m
of which Distributable reserves: +€17,173
- Financial income +€100,000
up €100,000, from €0 to €100,000
- Staff costs +€1,060
up €1,060 (+3.6%), from €29,661 to €30,721
- Gross operating margin -€638
down €638 (-1.1%), from €55,978 to €55,340
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,079,222 | €1,096,429 | +€17,207 | +1.6% |
| Fixed assets | 21/28 | €1,024,997 | €1,024,997 | = | 0.0% |
| Financial fixed assets | 28 | €1,024,997 | €1,024,997 | = | 0.0% |
| Current assets | 29/58 | €54,225 | €71,431 | +€17,207 | +31.7% |
| Amounts receivable within one year | 40/41 | €43,195 | €61,361 | +€18,166 | +42.1% |
| Trade receivables | 40 | €42,350 | €60,500 | +€18,150 | +42.9% |
| Other amounts receivable | 41 | €845 | €861 | +€16 | +1.9% |
| Cash at bank and in hand | 54/58 | €10,902 | €9,942 | -€961 | -8.8% |
| Deferred charges and accrued income | 490/1 | €127 | €128 | +€1 | +1.0% |
| Total equity and liabilities | 10/49 | €1,079,222 | €1,096,429 | +€17,207 | +1.6% |
| Equity | 10/15 | €1,072,212 | €1,089,385 | +€17,173 | +1.6% |
| Contributions | 10/11 | €71,295 | €71,295 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,295 | €1,295 | = | 0.0% |
| Other | 1109/19 | €1,295 | €1,295 | = | 0.0% |
| Reserves | 13 | €1,000,917 | €1,018,090 | +€17,173 | +1.7% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,819 | €20,819 | = | 0.0% |
| Distributable reserves | 133 | €973,097 | €990,271 | +€17,173 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,010 | €7,044 | +€34 | +0.5% |
| Amounts payable within one year | 42/48 | €7,010 | €7,044 | +€34 | +0.5% |
| Trade debts | 44 | €283 | €450 | +€167 | +59.0% |
| Suppliers | 440/4 | €283 | €450 | +€167 | +59.0% |
| Taxes, remuneration and social security | 45 | €6,727 | €6,593 | -€133 | -2.0% |
| Taxes | 450/3 | €4,445 | €4,121 | -€324 | -7.3% |
| Remuneration and social security | 454/9 | €2,282 | €2,473 | +€191 | +8.4% |
| Remuneration, social security and pensions | 62 | €29,661 | €30,721 | +€1,060 | +3.6% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €55,978 | €55,340 | -€638 | -1.1% |
| Operating profit (loss) | 9901 | €25,224 | €23,492 | -€1,732 | -6.9% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €218 | €207 | -€10 | -4.7% |
| Recurring financial charges | 65 | €218 | €207 | -€10 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €25,006 | €123,285 | +€98,279 | +393% |
| Income taxes | 67/77 | €6,514 | €6,112 | -€402 | -6.2% |
| Profit (loss) for the period | 9904 | €18,492 | €117,173 | +€98,681 | +534% |
| Profit (loss) for the period to be appropriated | 9905 | €18,492 | €117,173 | +€98,681 | +534% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.