W. TEAM: 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. TEAM
Largest movements
- Tangible fixed assets -€31,089
down €31,089 (-45.9%), from €67,755 to €36,666
of which Leasing and similar rights: -€29,782
- Receivables within one year +€26,762
up €26,762 (+24.2%), from €110,379 to €137,141
of which Trade receivables: +€23,975
- Cash +€8,929
up €8,929 (+26.2%), from €34,135 to €43,064
mainly Other debts (+€82,000) and Trade debts (+€48,527)
- Profit (loss) carried forward -€105,844
down €105,844 (-20.3%), from -€520,127 to -€625,971
- Other debts +€82,000
up €82,000 (+25.6%), from €320,000 to €402,000
- Trade debts +€48,527
up €48,527 (+107%), from €45,506 to €94,033
- Debts after one year -€20,533
down €20,533 (-88.6%), from €23,181 to €2,648
- Current portion of long-term debt -€9,249
down €9,249 (-37.0%), from €24,986 to €15,737
- Gross operating margin +€25,740
up €25,740 (+7.6%), from €337,285 to €363,025
- Other operating charges +€24,368
up €24,368 (+86.6%), from €28,136 to €52,505
- Staff costs +€22,035
up €22,035 (+6.3%), from €351,285 to €373,320
- Depreciation -€13,209
down €13,209 (-37.5%), from €35,229 to €22,020
- Financial charges +€9,230
up €9,230 (+62.0%), from €14,888 to €24,118
of which Financial charges: +€9,190
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 | €227,685 | €229,500 | +€1,814 | +0.8% |
| Fixed assets | 21/28 | €68,255 | €37,166 | -€31,089 | -45.5% |
| Tangible fixed assets | 22/27 | €67,755 | €36,666 | -€31,089 | -45.9% |
| Plant, machinery and equipment | 23 | €15,856 | €15,144 | -€713 | -4.5% |
| Furniture and vehicles | 24 | €3,731 | €3,137 | -€595 | -15.9% |
| Leasing and similar rights | 25 | €48,167 | €18,385 | -€29,782 | -61.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €159,430 | €192,334 | +€32,904 | +20.6% |
| Stocks and contracts in progress | 3 | €8,353 | €6,681 | -€1,671 | -20.0% |
| Stocks | 30/36 | €8,353 | €6,681 | -€1,671 | -20.0% |
| Amounts receivable within one year | 40/41 | €110,379 | €137,141 | +€26,762 | +24.2% |
| Trade receivables | 40 | €52,420 | €76,395 | +€23,975 | +45.7% |
| Other amounts receivable | 41 | €57,960 | €60,746 | +€2,787 | +4.8% |
| Cash at bank and in hand | 54/58 | €34,135 | €43,064 | +€8,929 | +26.2% |
| Deferred charges and accrued income | 490/1 | €6,563 | €5,447 | -€1,116 | -17.0% |
| Total equity and liabilities | 10/49 | €227,685 | €229,500 | +€1,814 | +0.8% |
| Equity | 10/15 | -€245,127 | -€350,971 | -€105,844 | -43.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,127 | -€625,971 | -€105,844 | -20.3% |
| Amounts payable | 17/49 | €472,813 | €580,471 | +€107,658 | +22.8% |
| Amounts payable after more than one year | 17 | €23,181 | €2,648 | -€20,533 | -88.6% |
| Financial debts | 170/4 | €23,181 | €2,648 | -€20,533 | -88.6% |
| Amounts payable within one year | 42/48 | €449,527 | €577,735 | +€128,207 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €24,986 | €15,737 | -€9,249 | -37.0% |
| Trade debts | 44 | €45,506 | €94,033 | +€48,527 | +107% |
| Suppliers | 440/4 | €45,506 | €94,033 | +€48,527 | +107% |
| Taxes, remuneration and social security | 45 | €59,035 | €65,965 | +€6,930 | +11.7% |
| Taxes | 450/3 | €10,645 | €12,840 | +€2,195 | +20.6% |
| Remuneration and social security | 454/9 | €48,390 | €53,125 | +€4,735 | +9.8% |
| Other amounts payable | 47/48 | €320,000 | €402,000 | +€82,000 | +25.6% |
| Accrued charges and deferred income | 492/3 | €104 | €88 | -€16 | -15.8% |
| Remuneration, social security and pensions | 62 | €351,285 | €373,320 | +€22,035 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,229 | €22,020 | -€13,209 | -37.5% |
| Other operating charges | 640/8 | €28,136 | €52,505 | +€24,368 | +86.6% |
| Gross operating margin | 9900 | €337,285 | €363,025 | +€25,740 | +7.6% |
| Operating profit (loss) | 9901 | -€77,365 | -€84,819 | -€7,454 | -9.6% |
| Financial income | 75/76B | €1,738 | €3,590 | +€1,852 | +107% |
| Recurring financial income | 75 | €1,738 | €3,590 | +€1,852 | +107% |
| Financial charges | 65/66B | €14,888 | €24,118 | +€9,230 | +62.0% |
| Recurring financial charges | 65 | €14,888 | €24,078 | +€9,190 | +61.7% |
| Non-recurring financial charges | 66B | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | -€90,516 | -€105,348 | -€14,832 | -16.4% |
| Income taxes | 67/77 | -€4,446 | €496 | +€4,942 | |
| Profit (loss) for the period | 9904 | -€86,070 | -€105,844 | -€19,774 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,070 | -€105,844 | -€19,774 | -23.0% |
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 17 October 2026 via checked.be.