W & W CLE: 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 CLE
Largest movements
- Receivables within one year +€41,912
up €41,912 (+982%), from €4,267 to €46,179
of which Trade receivables: +€30,536
- Cash -€4,700
down €4,700 (-11.7%), from €40,300 to €35,600
mainly Contributions, distributions and other (-€87,480) and Receivables within one year (-€41,912)
- Tangible fixed assets -€2,696
down €2,696 (-13.9%), from €19,384 to €16,688
of which Other tangible fixed assets: -€1,676
- Other debts +€67,205
up €67,205 (+331%), from €20,275 to €87,480
- Reserves -€45,025
no longer reported in 2025 (was €45,025)
- Advances received +€19,700
new in 2025: €19,700
- Profit (loss) carried forward -€10,690
no longer reported in 2025 (was €10,690)
- Trade debts +€2,345
up €2,345 (+56.8%), from €4,128 to €6,474
- Gross operating margin +€28,271
up €28,271 (+138%), from €20,428 to €48,699
- Taxes +€5,151
up €5,151 (+81.1%), from €6,349 to €11,500
- Depreciation +€1,958
up €1,958 (+265%), from €739 to €2,696
- Other operating charges +€1,401
up €1,401 (+153%), from €916 to €2,317
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 | €106,060 | €140,576 | +€34,516 | +32.5% |
| Fixed assets | 21/28 | €19,493 | €16,797 | -€2,696 | -13.8% |
| Tangible fixed assets | 22/27 | €19,384 | €16,688 | -€2,696 | -13.9% |
| Furniture and vehicles | 24 | €2,790 | €1,770 | -€1,020 | -36.6% |
| Other tangible fixed assets | 26 | €16,593 | €14,918 | -€1,676 | -10.1% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €86,567 | €123,779 | +€37,212 | +43.0% |
| Amounts receivable after more than one year | 29 | €42,000 | €42,000 | = | 0.0% |
| Other amounts receivable | 291 | €42,000 | €42,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,267 | €46,179 | +€41,912 | +982% |
| Trade receivables | 40 | €616 | €31,151 | +€30,536 | +4,961% |
| Other amounts receivable | 41 | €3,651 | €15,028 | +€11,376 | +312% |
| Cash at bank and in hand | 54/58 | €40,300 | €35,600 | -€4,700 | -11.7% |
| Total equity and liabilities | 10/49 | €106,060 | €140,576 | +€34,516 | +32.5% |
| Equity | 10/15 | €74,315 | €18,600 | -€55,715 | -75.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,025 | - | -€45,025 | |
| Distributable reserves | 133 | €45,025 | - | -€45,025 | |
| Profit (loss) carried forward | 14 | €10,690 | - | -€10,690 | |
| Amounts payable | 17/49 | €31,744 | €121,976 | +€90,232 | +284% |
| Amounts payable within one year | 42/48 | €31,744 | €121,976 | +€90,232 | +284% |
| Trade debts | 44 | €4,128 | €6,474 | +€2,345 | +56.8% |
| Suppliers | 440/4 | €4,128 | €6,474 | +€2,345 | +56.8% |
| Advances received on contracts in progress | 46 | - | €19,700 | +€19,700 | |
| Taxes, remuneration and social security | 45 | €7,341 | €8,322 | +€981 | +13.4% |
| Taxes | 450/3 | €4,678 | €7,583 | +€2,905 | +62.1% |
| Remuneration and social security | 454/9 | €2,663 | €739 | -€1,924 | -72.3% |
| Other amounts payable | 47/48 | €20,275 | €87,480 | +€67,205 | +331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €739 | €2,696 | +€1,958 | +265% |
| Other operating charges | 640/8 | €916 | €2,317 | +€1,401 | +153% |
| Gross operating margin | 9900 | €20,428 | €48,699 | +€28,271 | +138% |
| Operating profit (loss) | 9901 | €18,774 | €43,686 | +€24,912 | +133% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €841 | €459 | -€382 | -45.5% |
| Recurring financial charges | 65 | €841 | €459 | -€382 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €17,933 | €43,265 | +€25,331 | +141% |
| Income taxes | 67/77 | €6,349 | €11,500 | +€5,151 | +81.1% |
| Profit (loss) for the period | 9904 | €11,584 | €31,765 | +€20,180 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €11,584 | €31,765 | +€20,180 | +174% |
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.