W-Wire: 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-Wire
Largest movements
- Tangible fixed assets +€23,359
up €23,359 (+94.5%), from €24,728 to €48,087
of which Leasing and similar rights: +€20,296
- Cash -€17,097
down €17,097 (-32.3%), from €53,004 to €35,906
mainly Investment in fixed assets (net) (-€38,256) and Other debts (-€7,515)
- Receivables within one year +€4,335
up €4,335 (+11.0%), from €39,533 to €43,868
of which Trade receivables: +€4,129
- Debts after one year +€14,792
up €14,792 (+348.6%), from €4,244 to €19,036
- Other debts -€7,515
down €7,515 (-35.5%), from €21,170 to €13,654
- Reserves +€3,375
up €3,375 (+8.2%), from €40,926 to €44,301
- Tax, wage and social debts -€2,123
down €2,123 (-6.5%), from €32,487 to €30,364
of which Taxes: -€9,653
- Trade debts +€1,995
up €1,995 (+53.4%), from €3,736 to €5,732
- Staff costs +€24,672
up €24,672 (+26.7%), from €92,349 to €117,021
- Gross operating margin +€19,884
up €19,884 (+15.3%), from €129,600 to €149,484
- Taxes -€2,363
down €2,363 (-44.4%), from €5,325 to €2,962
- Depreciation +€2,070
up €2,070 (+16.1%), from €12,827 to €14,897
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 | €119,888 | €129,827 | +€9,939 | +8.3% |
| Fixed assets | 21/28 | €24,728 | €48,087 | +€23,359 | +94.5% |
| Tangible fixed assets | 22/27 | €24,728 | €48,087 | +€23,359 | +94.5% |
| Plant, machinery and equipment | 23 | €1,235 | €675 | -€560 | -45.3% |
| Furniture and vehicles | 24 | €20,374 | €23,996 | +€3,623 | +17.8% |
| Leasing and similar rights | 25 | €3,119 | €23,415 | +€20,296 | +650.8% |
| Current assets | 29/58 | €95,160 | €81,740 | -€13,420 | -14.1% |
| Amounts receivable within one year | 40/41 | €39,533 | €43,868 | +€4,335 | +11.0% |
| Trade receivables | 40 | €39,238 | €43,367 | +€4,129 | +10.5% |
| Other amounts receivable | 41 | €295 | €501 | +€206 | +70.1% |
| Cash at bank and in hand | 54/58 | €53,004 | €35,906 | -€17,097 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,624 | €1,966 | -€658 | -25.1% |
| Total equity and liabilities | 10/49 | €119,888 | €129,827 | +€9,939 | +8.3% |
| Equity | 10/15 | €48,426 | €51,801 | +€3,375 | +7.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €40,926 | €44,301 | +€3,375 | +8.2% |
| Distributable reserves | 133 | €40,926 | €44,301 | +€3,375 | +8.2% |
| Amounts payable | 17/49 | €71,462 | €78,026 | +€6,564 | +9.2% |
| Amounts payable after more than one year | 17 | €4,244 | €19,036 | +€14,792 | +348.6% |
| Financial debts | 170/4 | €4,244 | €19,036 | +€14,792 | +348.6% |
| Amounts payable within one year | 42/48 | €67,218 | €58,990 | -€8,228 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €9,825 | €9,240 | -€585 | -6.0% |
| Trade debts | 44 | €3,736 | €5,732 | +€1,995 | +53.4% |
| Suppliers | 440/4 | €3,736 | €5,732 | +€1,995 | +53.4% |
| Taxes, remuneration and social security | 45 | €32,487 | €30,364 | -€2,123 | -6.5% |
| Taxes | 450/3 | €21,281 | €11,627 | -€9,653 | -45.4% |
| Remuneration and social security | 454/9 | €11,206 | €18,736 | +€7,530 | +67.2% |
| Other amounts payable | 47/48 | €21,170 | €13,654 | -€7,515 | -35.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €92,349 | €117,021 | +€24,672 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,827 | €14,897 | +€2,070 | +16.1% |
| Other operating charges | 640/8 | €1,359 | €1,725 | +€366 | +26.9% |
| Non-recurring operating charges | 66A | - | €6,926 | +€6,926 | |
| Gross operating margin | 9900 | €129,600 | €149,484 | +€19,884 | +15.3% |
| Operating profit (loss) | 9901 | €23,065 | €8,915 | -€14,149 | -61.3% |
| Financial income | 75/76B | €9 | €82 | +€73 | +850.3% |
| Recurring financial income | 75 | €9 | €82 | +€73 | +850.3% |
| Financial charges | 65/66B | €2,616 | €2,660 | +€44 | +1.7% |
| Recurring financial charges | 65 | €2,616 | €2,660 | +€44 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €20,457 | €6,337 | -€14,120 | -69.0% |
| Income taxes | 67/77 | €5,325 | €2,962 | -€2,363 | -44.4% |
| Profit (loss) for the period | 9904 | €15,132 | €3,375 | -€11,757 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,132 | €3,375 | -€11,757 | -77.7% |
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 10 October 2026 via checked.be.