W3i: what changed
W3i
Largest movements
- Tangible fixed assets -€17,461
down €17,461 (-9.3%), from €188,703 to €171,242
of which Land and buildings: -€12,117
- Debts after one year -€12,000
down €12,000 (-78.7%), from €15,250 to €3,250
- Trade debts -€3,502
down €3,502 (-77.0%), from €4,546 to €1,044
- Reserves -€2,941
down €2,941 (-2.0%), from €149,522 to €146,581
- Gross operating margin +€499
up €499 (+2.8%), from €17,855 to €18,354
- Other operating charges -€461
down €461 (-11.0%), from €4,174 to €3,713
- Depreciation +€412
up €412 (+2.4%), from €17,049 to €17,461
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 | €191,297 | €172,888 | -€18,409 | -9.6% |
| Fixed assets | 21/28 | €188,804 | €171,343 | -€17,461 | -9.2% |
| Tangible fixed assets | 22/27 | €188,703 | €171,242 | -€17,461 | -9.3% |
| Land and buildings | 22 | €177,591 | €165,474 | -€12,117 | -6.8% |
| Furniture and vehicles | 24 | €11,112 | €5,768 | -€5,344 | -48.1% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €2,493 | €1,545 | -€948 | -38.0% |
| Cash at bank and in hand | 54/58 | €395 | €759 | +€364 | +92.3% |
| Deferred charges and accrued income | 490/1 | €2,099 | €786 | -€1,313 | -62.5% |
| Total equity and liabilities | 10/49 | €191,297 | €172,888 | -€18,409 | -9.6% |
| Equity | 10/15 | €168,122 | €165,181 | -€2,941 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,522 | €146,581 | -€2,941 | -2.0% |
| Distributable reserves | 133 | €149,522 | €146,581 | -€2,941 | -2.0% |
| Amounts payable | 17/49 | €23,176 | €7,707 | -€15,469 | -66.7% |
| Amounts payable after more than one year | 17 | €15,250 | €3,250 | -€12,000 | -78.7% |
| Financial debts | 170/4 | €15,250 | €3,250 | -€12,000 | -78.7% |
| Amounts payable within one year | 42/48 | €7,926 | €4,457 | -€3,469 | -43.8% |
| Trade debts | 44 | €4,546 | €1,044 | -€3,502 | -77.0% |
| Suppliers | 440/4 | €4,546 | €1,044 | -€3,502 | -77.0% |
| Taxes, remuneration and social security | 45 | €339 | €249 | -€90 | -26.4% |
| Taxes | 450/3 | €339 | €249 | -€90 | -26.4% |
| Other amounts payable | 47/48 | €3,041 | €3,164 | +€123 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,049 | €17,461 | +€412 | +2.4% |
| Other operating charges | 640/8 | €4,174 | €3,713 | -€461 | -11.0% |
| Gross operating margin | 9900 | €17,855 | €18,354 | +€499 | +2.8% |
| Operating profit (loss) | 9901 | -€3,368 | -€2,821 | +€548 | +16.3% |
| Financial charges | 65/66B | €56 | €45 | -€11 | -20.2% |
| Recurring financial charges | 65 | €56 | €45 | -€11 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,425 | -€2,866 | +€559 | +16.3% |
| Income taxes | 67/77 | €174 | €75 | -€100 | -57.1% |
| Profit (loss) for the period | 9904 | -€3,599 | -€2,941 | +€658 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,599 | -€2,941 | +€658 | +18.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.