W.W.T.: 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.T.
Largest movements
- Receivables within one year +€12,980
up €12,980 (+27.3%), from €47,592 to €60,572
of which Trade receivables: +€8,318
- Tangible fixed assets -€12,202
down €12,202 (-30.3%), from €40,325 to €28,122
of which Furniture and vehicles: -€9,562
- Cash +€5,260
up €5,260 (+20.5%), from €25,609 to €30,869
mainly Net result for the year (+€19,858) and Depreciation (+€12,202)
- Stocks and contracts -€3,307
down €3,307 (-10.4%), from €31,765 to €28,458
- Reserves +€19,857
up €19,857 (+1,068%), from €1,860 to €21,717
- Trade debts -€15,404
down €15,404 (-82.4%), from €18,683 to €3,279
- Debts after one year -€11,500
down €11,500 (-63.2%), from €18,208 to €6,708
- Tax, wage and social debts +€10,018
up €10,018 (+62.2%), from €16,118 to €26,136
of which Taxes: +€11,473
- Gross operating margin -€27,556
down €27,556 (-18.4%), from €150,112 to €122,556
- Taxes -€4,446
down €4,446 (-30.3%), from €14,675 to €10,230
- Staff costs +€2,432
up €2,432 (+3.3%), from €73,491 to €75,924
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 | €152,414 | €155,145 | +€2,731 | +1.8% |
| Fixed assets | 21/28 | €46,522 | €34,319 | -€12,202 | -26.2% |
| Tangible fixed assets | 22/27 | €40,325 | €28,122 | -€12,202 | -30.3% |
| Plant, machinery and equipment | 23 | €6,850 | €4,210 | -€2,640 | -38.5% |
| Furniture and vehicles | 24 | €33,475 | €23,912 | -€9,562 | -28.6% |
| Financial fixed assets | 28 | €6,197 | €6,197 | = | 0.0% |
| Current assets | 29/58 | €105,892 | €120,826 | +€14,933 | +14.1% |
| Stocks and contracts in progress | 3 | €31,765 | €28,458 | -€3,307 | -10.4% |
| Stocks | 30/36 | €31,765 | €28,458 | -€3,307 | -10.4% |
| Amounts receivable within one year | 40/41 | €47,592 | €60,572 | +€12,980 | +27.3% |
| Trade receivables | 40 | €44,816 | €53,133 | +€8,318 | +18.6% |
| Other amounts receivable | 41 | €2,776 | €7,439 | +€4,663 | +168% |
| Cash at bank and in hand | 54/58 | €25,609 | €30,869 | +€5,260 | +20.5% |
| Deferred charges and accrued income | 490/1 | €926 | €926 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €152,414 | €155,145 | +€2,731 | +1.8% |
| Equity | 10/15 | €80,940 | €100,798 | +€19,858 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,717 | +€19,857 | +1,068% |
| Distributable reserves | 133 | €1,860 | €21,717 | +€19,857 | +1,068% |
| Profit (loss) carried forward | 14 | €60,480 | €60,480 | +€1 | 0.0% |
| Amounts payable | 17/49 | €71,474 | €54,347 | -€17,127 | -24.0% |
| Amounts payable after more than one year | 17 | €18,208 | €6,708 | -€11,500 | -63.2% |
| Financial debts | 170/4 | €18,208 | €6,708 | -€11,500 | -63.2% |
| Amounts payable within one year | 42/48 | €53,266 | €47,124 | -€6,142 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €13,627 | €13,627 | = | 0.0% |
| Trade debts | 44 | €18,683 | €3,279 | -€15,404 | -82.4% |
| Suppliers | 440/4 | €18,683 | €3,279 | -€15,404 | -82.4% |
| Taxes, remuneration and social security | 45 | €16,118 | €26,136 | +€10,018 | +62.2% |
| Taxes | 450/3 | €8,940 | €20,413 | +€11,473 | +128% |
| Remuneration and social security | 454/9 | €7,179 | €5,724 | -€1,455 | -20.3% |
| Other amounts payable | 47/48 | €4,837 | €4,081 | -€755 | -15.6% |
| Accrued charges and deferred income | 492/3 | - | €515 | +€515 | |
| Remuneration, social security and pensions | 62 | €73,491 | €75,924 | +€2,432 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,766 | €12,202 | +€1,437 | +13.3% |
| Other operating charges | 640/8 | €3,903 | €2,550 | -€1,353 | -34.7% |
| Gross operating margin | 9900 | €150,112 | €122,556 | -€27,556 | -18.4% |
| Operating profit (loss) | 9901 | €61,952 | €31,880 | -€30,072 | -48.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €1,814 | €1,793 | -€22 | -1.2% |
| Recurring financial charges | 65 | €1,814 | €1,793 | -€22 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €60,138 | €30,087 | -€30,051 | -50.0% |
| Income taxes | 67/77 | €14,675 | €10,230 | -€4,446 | -30.3% |
| Profit (loss) for the period | 9904 | €45,463 | €19,858 | -€25,605 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,463 | €19,858 | -€25,605 | -56.3% |
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 16 October 2026 via checked.be.