W4U: 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.
W4U
Largest movements
- Receivables within one year -€13,668
down €13,668 (-44.6%), from €30,677 to €17,009
of which Trade receivables: -€14,284
- Cash +€5,987
up €5,987 (+30.6%), from €19,586 to €25,573
mainly Receivables within one year (+€13,668) and Net result for the year (+€10,944)
- Deferred charges and accrued income -€1,372
down €1,372 (-64.6%), from €2,123 to €751
- Tax, wage and social debts -€11,857
down €11,857 (-46.4%), from €25,529 to €13,672
of which Taxes: -€12,498
- Profit (loss) carried forward +€10,944
up €10,944, from -€2,185 to €8,759
- Trade debts -€7,420
down €7,420 (-72.9%), from €10,171 to €2,751
- Other debts -€571
down €571 (-59.0%), from €969 to €398
- Gross operating margin +€13,644
up €13,644 (+93.6%), from €14,582 to €28,226
- Other operating charges -€3,173
down €3,173 (-46.1%), from €6,890 to €3,717
- Depreciation -€1,269
down €1,269 (-58.5%), from €2,170 to €901
- Financial charges +€1,219
up €1,219 (+30.9%), from €3,946 to €5,166
- Taxes +€942
up €942 (+14.4%), from €6,557 to €7,499
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 | €53,734 | €44,830 | -€8,904 | -16.6% |
| Fixed assets | 21/28 | €1,349 | €1,497 | +€148 | +11.0% |
| Tangible fixed assets | 22/27 | €1,349 | €1,497 | +€148 | +11.0% |
| Furniture and vehicles | 24 | €1,349 | €1,497 | +€148 | +11.0% |
| Current assets | 29/58 | €52,386 | €43,333 | -€9,052 | -17.3% |
| Amounts receivable within one year | 40/41 | €30,677 | €17,009 | -€13,668 | -44.6% |
| Trade receivables | 40 | €30,677 | €16,393 | -€14,284 | -46.6% |
| Other amounts receivable | 41 | - | €616 | +€616 | |
| Cash at bank and in hand | 54/58 | €19,586 | €25,573 | +€5,987 | +30.6% |
| Deferred charges and accrued income | 490/1 | €2,123 | €751 | -€1,372 | -64.6% |
| Total equity and liabilities | 10/49 | €53,734 | €44,830 | -€8,904 | -16.6% |
| Equity | 10/15 | €17,065 | €28,009 | +€10,944 | +64.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,050 | €13,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,185 | €8,759 | +€10,944 | |
| Amounts payable | 17/49 | €36,669 | €16,821 | -€19,848 | -54.1% |
| Amounts payable within one year | 42/48 | €36,669 | €16,821 | -€19,848 | -54.1% |
| Trade debts | 44 | €10,171 | €2,751 | -€7,420 | -72.9% |
| Suppliers | 440/4 | €10,171 | €2,751 | -€7,420 | -72.9% |
| Taxes, remuneration and social security | 45 | €25,529 | €13,672 | -€11,857 | -46.4% |
| Taxes | 450/3 | €25,529 | €13,031 | -€12,498 | -49.0% |
| Remuneration and social security | 454/9 | - | €641 | +€641 | |
| Other amounts payable | 47/48 | €969 | €398 | -€571 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,170 | €901 | -€1,269 | -58.5% |
| Other operating charges | 640/8 | €6,890 | €3,717 | -€3,173 | -46.1% |
| Gross operating margin | 9900 | €14,582 | €28,226 | +€13,644 | +93.6% |
| Operating profit (loss) | 9901 | €5,522 | €23,608 | +€18,086 | +327.5% |
| Financial income | 75/76B | €148 | €0 | -€148 | -99.7% |
| Recurring financial income | 75 | €148 | €0 | -€148 | -99.7% |
| Financial charges | 65/66B | €3,946 | €5,166 | +€1,219 | +30.9% |
| Recurring financial charges | 65 | €3,946 | €5,166 | +€1,219 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €1,724 | €18,443 | +€16,718 | +969.6% |
| Income taxes | 67/77 | €6,557 | €7,499 | +€942 | +14.4% |
| Profit (loss) for the period | 9904 | -€4,833 | €10,944 | +€15,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,833 | €10,944 | +€15,777 |
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 11 October 2026 via checked.be.