w+w: 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+w
Largest movements
- Cash -€4,929
down €4,929 (-49.5%), from €9,950 to €5,021
mainly Net result for the year (-€2,450) and Other debts (-€1,852)
- Tangible fixed assets -€1,536
down €1,536 (-58.7%), from €2,618 to €1,082
- Receivables within one year +€731
up €731 (+25.5%), from €2,869 to €3,600
of which Trade receivables: +€408
- Deferred charges and accrued income +€243
up €243 (+726.1%), from €33 to €276
- Profit (loss) carried forward -€2,450
down €2,450, from €2,017 to -€433
- Other debts -€1,852
no longer reported in 2025 (was €1,852)
- Tax, wage and social debts -€1,133
down €1,133 (-62.5%), from €1,813 to €680
- Gross operating margin -€9,335
down €9,335 (-88.0%), from €10,605 to €1,270
- Taxes -€857
down €857 (-56.7%), from €1,512 to €655
- Financial charges +€290
up €290 (+73.9%), from €393 to €683
- Other operating charges -€181
down €181 (-17.6%), from €1,027 to €846
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.
Cash bridge derived
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 | €15,470 | €9,979 | -€5,491 | -35.5% |
| Fixed assets | 21/28 | €2,618 | €1,082 | -€1,536 | -58.7% |
| Tangible fixed assets | 22/27 | €2,618 | €1,082 | -€1,536 | -58.7% |
| Furniture and vehicles | 24 | €2,618 | €1,082 | -€1,536 | -58.7% |
| Current assets | 29/58 | €12,852 | €8,897 | -€3,955 | -30.8% |
| Amounts receivable within one year | 40/41 | €2,869 | €3,600 | +€731 | +25.5% |
| Trade receivables | 40 | €2,869 | €3,277 | +€408 | +14.2% |
| Other amounts receivable | 41 | - | €323 | +€323 | |
| Cash at bank and in hand | 54/58 | €9,950 | €5,021 | -€4,929 | -49.5% |
| Deferred charges and accrued income | 490/1 | €33 | €276 | +€243 | +726.1% |
| Total equity and liabilities | 10/49 | €15,470 | €9,979 | -€5,491 | -35.5% |
| Equity | 10/15 | €8,217 | €5,767 | -€2,450 | -29.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,017 | -€433 | -€2,450 | |
| Amounts payable | 17/49 | €7,253 | €4,213 | -€3,041 | -41.9% |
| Amounts payable within one year | 42/48 | €4,199 | €1,138 | -€3,062 | -72.9% |
| Trade debts | 44 | €534 | €458 | -€77 | -14.4% |
| Suppliers | 440/4 | €534 | €458 | -€77 | -14.4% |
| Taxes, remuneration and social security | 45 | €1,813 | €680 | -€1,133 | -62.5% |
| Taxes | 450/3 | €1,813 | €680 | -€1,133 | -62.5% |
| Other amounts payable | 47/48 | €1,852 | - | -€1,852 | |
| Accrued charges and deferred income | 492/3 | €3,054 | €3,075 | +€21 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,522 | €1,536 | +€14 | +0.9% |
| Other operating charges | 640/8 | €1,027 | €846 | -€181 | -17.6% |
| Gross operating margin | 9900 | €10,605 | €1,270 | -€9,335 | -88.0% |
| Operating profit (loss) | 9901 | €8,056 | -€1,112 | -€9,168 | |
| Financial charges | 65/66B | €393 | €683 | +€290 | +73.9% |
| Recurring financial charges | 65 | €393 | €683 | +€290 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €7,664 | -€1,795 | -€9,458 | |
| Income taxes | 67/77 | €1,512 | €655 | -€857 | -56.7% |
| Profit (loss) for the period | 9904 | €6,151 | -€2,450 | -€8,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,151 | -€2,450 | -€8,601 |
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 11 October 2026 via checked.be.