W.Z.B.: what changed
W.Z.B.
Largest movements
- Cash +€4,641
up €4,641 (+42.9%), from €10,810 to €15,451
mainly Net result for the year (+€9,644) and Depreciation (+€4,333)
- Tangible fixed assets -€4,333
down €4,333 (-91.6%), from €4,730 to €397
of which Furniture and vehicles: -€3,098
- Receivables within one year -€4,190
down €4,190 (-1.2%), from €343,333 to €339,143
of which Other amounts receivable: -€40,628
- Profit (loss) carried forward +€9,644
up €9,644 (+6.2%), from €156,430 to €166,074
- Trade debts -€9,378
down €9,378 (-5.6%), from €167,578 to €158,201
of which Bills of exchange payable: -€60,371
- Tax, wage and social debts -€4,149
down €4,149 (-19.2%), from €21,624 to €17,475
- Taxes -€3,373
down €3,373 (-21.2%), from €15,913 to €12,540
- Gross operating margin +€2,201
up €2,201 (+8.6%), from €25,467 to €27,668
- Depreciation -€2,153
down €2,153 (-33.2%), from €6,486 to €4,333
- Financial charges -€2,117
down €2,117 (-81.9%), from €2,585 to €468
- Other operating charges -€799
down €799 (-66.2%), from €1,207 to €407
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,873 | €354,991 | -€3,882 | -1.1% |
| Fixed assets | 21/28 | €4,730 | €397 | -€4,333 | -91.6% |
| Tangible fixed assets | 22/27 | €4,730 | €397 | -€4,333 | -91.6% |
| Plant, machinery and equipment | 23 | €1,597 | €362 | -€1,236 | -77.4% |
| Furniture and vehicles | 24 | €3,133 | €35 | -€3,098 | -98.9% |
| Current assets | 29/58 | €354,143 | €354,594 | +€451 | +0.1% |
| Amounts receivable within one year | 40/41 | €343,333 | €339,143 | -€4,190 | -1.2% |
| Trade receivables | 40 | €158,066 | €194,504 | +€36,438 | +23.1% |
| Other amounts receivable | 41 | €185,267 | €144,639 | -€40,628 | -21.9% |
| Cash at bank and in hand | 54/58 | €10,810 | €15,451 | +€4,641 | +42.9% |
| Total equity and liabilities | 10/49 | €358,873 | €354,991 | -€3,882 | -1.1% |
| Equity | 10/15 | €164,490 | €174,134 | +€9,644 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €156,430 | €166,074 | +€9,644 | +6.2% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €189,383 | €175,857 | -€13,526 | -7.1% |
| Amounts payable within one year | 42/48 | €189,383 | €175,857 | -€13,526 | -7.1% |
| Trade debts | 44 | €167,578 | €158,201 | -€9,378 | -5.6% |
| Suppliers | 440/4 | €2,136 | €53,129 | +€50,993 | +2,387% |
| Bills of exchange payable | 441 | €165,442 | €105,071 | -€60,371 | -36.5% |
| Taxes, remuneration and social security | 45 | €21,624 | €17,475 | -€4,149 | -19.2% |
| Taxes | 450/3 | €21,624 | €17,475 | -€4,149 | -19.2% |
| Other amounts payable | 47/48 | €181 | €181 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €275 | +€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,486 | €4,333 | -€2,153 | -33.2% |
| Other operating charges | 640/8 | €1,207 | €407 | -€799 | -66.2% |
| Gross operating margin | 9900 | €25,467 | €27,668 | +€2,201 | +8.6% |
| Operating profit (loss) | 9901 | €17,774 | €22,652 | +€4,878 | +27.4% |
| Financial charges | 65/66B | €2,585 | €468 | -€2,117 | -81.9% |
| Recurring financial charges | 65 | €2,585 | €468 | -€2,117 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €15,189 | €22,184 | +€6,995 | +46.1% |
| Income taxes | 67/77 | €15,913 | €12,540 | -€3,373 | -21.2% |
| Profit (loss) for the period | 9904 | -€724 | €9,644 | +€10,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€724 | €9,644 | +€10,368 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.