W-TECH: what changed
What changed
W-TECH
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€39,188
2024 · €66,441-€27,253
Equity
€520,265
2024 · €522,055-€1,790
Cash
€253,089
2024 · €175,436+€77,653
Balance sheet total
€613,213
2024 · €572,549+€40,663
Largest movements
Assets
- Cash +€77,653
up €77,653 (+44.3%), from €175,436 to €253,089
mainly Net result for the year (+€39,188) and Other debts (+€38,929)
- Receivables within one year -€35,847
down €35,847 (-23.4%), from €153,044 to €117,197
of which Trade receivables: -€19,096
Equity and liabilities
- Other debts +€38,929
up €38,929, from €0 to €38,929
- Tax, wage and social debts +€7,406
up €7,406 (+29.6%), from €25,031 to €32,437
of which Taxes: +€7,354
Income statement
- Gross operating margin -€51,825
down €51,825 (-36.7%), from €141,073 to €89,248
- Taxes -€13,394
down €13,394 (-43.6%), from €30,748 to €17,354
- Depreciation -€5,695
down €5,695 (-16.5%), from €34,600 to €28,905
- Staff costs -€5,099
down €5,099 (-100%), from €5,099 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€66,441
Gross operating margin
-€51,825
Staff costs
+€5,099
Depreciation
+€5,695
Other operating charges
+€177
Financial income
-€220
Financial charges
+€427
Taxes
+€13,394
Result 2025
€39,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,699
Investment
-€34,526
Financing
-€43,521
Cash 2024
€175,436
From operations (derived)
+€155,699
Net result for the year
+€39,188
Depreciation
+€28,905
Stocks and contracts
+€4,765
Receivables within one year
+€35,847
Deferred charges and accrued income
+€1,998
Trade debts
-€1,561
Tax, wage and social debts
+€7,406
Advances received
+€221
Other debts
+€38,929
Investment (derived)
-€34,526
Investment in fixed assets (net)
-€34,526
Financing
-€43,521
Current portion of long-term debt
-€2,542
Contributions, distributions and other
-€40,978
Cash 2025
€253,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,549 | €613,213 | +€40,663 | +7.1% |
| Fixed assets | 21/28 | €210,666 | €216,286 | +€5,620 | +2.7% |
| Tangible fixed assets | 22/27 | €210,571 | €216,191 | +€5,620 | +2.7% |
| Land and buildings | 22 | €141,272 | €150,798 | +€9,527 | +6.7% |
| Plant, machinery and equipment | 23 | €6,035 | €9,651 | +€3,616 | +59.9% |
| Furniture and vehicles | 24 | €63,264 | €55,742 | -€7,523 | -11.9% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €361,884 | €396,927 | +€35,043 | +9.7% |
| Stocks and contracts in progress | 3 | €30,902 | €26,137 | -€4,765 | -15.4% |
| Stocks | 30/36 | €30,902 | €26,137 | -€4,765 | -15.4% |
| Amounts receivable within one year | 40/41 | €153,044 | €117,197 | -€35,847 | -23.4% |
| Trade receivables | 40 | €126,137 | €107,041 | -€19,096 | -15.1% |
| Other amounts receivable | 41 | €26,907 | €10,156 | -€16,751 | -62.3% |
| Cash at bank and in hand | 54/58 | €175,436 | €253,089 | +€77,653 | +44.3% |
| Deferred charges and accrued income | 490/1 | €2,502 | €504 | -€1,998 | -79.9% |
| Total equity and liabilities | 10/49 | €572,549 | €613,213 | +€40,663 | +7.1% |
| Equity | 10/15 | €522,055 | €520,265 | -€1,790 | -0.3% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Reserves | 13 | €436,055 | €434,265 | -€1,790 | -0.4% |
| Distributable reserves | 133 | €436,055 | €434,265 | -€1,790 | -0.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,494 | €92,948 | +€42,454 | +84.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,494 | €92,948 | +€42,454 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €2,542 | €0 | -€2,542 | -100% |
| Trade debts | 44 | €22,921 | €21,360 | -€1,561 | -6.8% |
| Suppliers | 440/4 | €22,921 | €21,360 | -€1,561 | -6.8% |
| Advances received on contracts in progress | 46 | - | €221 | +€221 | |
| Taxes, remuneration and social security | 45 | €25,031 | €32,437 | +€7,406 | +29.6% |
| Taxes | 450/3 | €20,865 | €28,219 | +€7,354 | +35.2% |
| Remuneration and social security | 454/9 | €4,167 | €4,219 | +€52 | +1.2% |
| Other amounts payable | 47/48 | €0 | €38,929 | +€38,929 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €5,099 | €0 | -€5,099 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,600 | €28,905 | -€5,695 | -16.5% |
| Other operating charges | 640/8 | €3,776 | €3,599 | -€177 | -4.7% |
| Gross operating margin | 9900 | €141,073 | €89,248 | -€51,825 | -36.7% |
| Operating profit (loss) | 9901 | €97,598 | €56,744 | -€40,854 | -41.9% |
| Financial income | 75/76B | €236 | €16 | -€220 | -93.1% |
| Recurring financial income | 75 | €236 | €16 | -€220 | -93.1% |
| Financial charges | 65/66B | €646 | €218 | -€427 | -66.2% |
| Recurring financial charges | 65 | €646 | €218 | -€427 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €97,188 | €56,542 | -€40,646 | -41.8% |
| Income taxes | 67/77 | €30,748 | €17,354 | -€13,394 | -43.6% |
| Profit (loss) for the period | 9904 | €66,441 | €39,188 | -€27,253 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,441 | €39,188 | -€27,253 | -41.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.