W6: 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.
W6
Largest movements
- Receivables within one year +€18,029
up €18,029 (+70.2%), from €25,689 to €43,718
of which Trade receivables: +€19,556
- Cash -€11,030
down €11,030 (-50.7%), from €21,740 to €10,710
mainly Tax, wage and social debts (-€20,482) and Receivables within one year (-€18,029)
- Tangible fixed assets -€8,954
down €8,954 (-17.5%), from €51,251 to €42,297
- Deferred charges and accrued income +€4,710
up €4,710 (+224%), from €2,101 to €6,811
- Tax, wage and social debts -€20,482
down €20,482 (-59.8%), from €34,266 to €13,784
of which Taxes: -€20,482
- Other debts +€18,497
up €18,497 (+61,657%), from €30 to €18,527
- Profit (loss) carried forward -€12,839
down €12,839 (-74.1%), from -€17,321 to -€30,161
- Trade debts +€8,510
up €8,510 (+35.0%), from €24,282 to €32,791
- Advances received +€7,387
up €7,387 (+405%), from €1,822 to €9,209
- Gross operating margin +€6,676
up €6,676, from -€1,406 to €5,270
- Other operating charges +€5,079
up €5,079 (+424%), from €1,198 to €6,277
- Depreciation -€2,956
down €2,956 (-20.5%), from €14,406 to €11,451
- Financial charges +€94
up €94 (+95.3%), from €98 to €192
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 | €100,781 | €103,536 | +€2,755 | +2.7% |
| Fixed assets | 21/28 | €51,251 | €42,297 | -€8,954 | -17.5% |
| Tangible fixed assets | 22/27 | €51,251 | €42,297 | -€8,954 | -17.5% |
| Furniture and vehicles | 24 | €51,251 | €42,297 | -€8,954 | -17.5% |
| Current assets | 29/58 | €49,530 | €61,239 | +€11,709 | +23.6% |
| Amounts receivable within one year | 40/41 | €25,689 | €43,718 | +€18,029 | +70.2% |
| Trade receivables | 40 | €23,062 | €42,618 | +€19,556 | +84.8% |
| Other amounts receivable | 41 | €2,627 | €1,100 | -€1,527 | -58.1% |
| Cash at bank and in hand | 54/58 | €21,740 | €10,710 | -€11,030 | -50.7% |
| Deferred charges and accrued income | 490/1 | €2,101 | €6,811 | +€4,710 | +224% |
| Total equity and liabilities | 10/49 | €100,781 | €103,536 | +€2,755 | +2.7% |
| Equity | 10/15 | €40,381 | €27,541 | -€12,839 | -31.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,702 | €54,702 | = | 0.0% |
| Distributable reserves | 133 | €54,702 | €54,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,321 | -€30,161 | -€12,839 | -74.1% |
| Amounts payable | 17/49 | €60,400 | €75,994 | +€15,594 | +25.8% |
| Amounts payable within one year | 42/48 | €60,399 | €74,311 | +€13,912 | +23.0% |
| Trade debts | 44 | €24,282 | €32,791 | +€8,510 | +35.0% |
| Suppliers | 440/4 | €24,282 | €32,791 | +€8,510 | +35.0% |
| Advances received on contracts in progress | 46 | €1,822 | €9,209 | +€7,387 | +405% |
| Taxes, remuneration and social security | 45 | €34,266 | €13,784 | -€20,482 | -59.8% |
| Taxes | 450/3 | €20,672 | €190 | -€20,482 | -99.1% |
| Remuneration and social security | 454/9 | €13,594 | €13,594 | = | 0.0% |
| Other amounts payable | 47/48 | €30 | €18,527 | +€18,497 | +61,657% |
| Accrued charges and deferred income | 492/3 | €1 | €1,683 | +€1,682 | +227,351% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,406 | €11,451 | -€2,956 | -20.5% |
| Other operating charges | 640/8 | €1,198 | €6,277 | +€5,079 | +424% |
| Gross operating margin | 9900 | -€1,406 | €5,270 | +€6,676 | |
| Operating profit (loss) | 9901 | -€17,010 | -€12,458 | +€4,552 | +26.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €98 | €192 | +€94 | +95.3% |
| Recurring financial charges | 65 | €98 | €192 | +€94 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,108 | -€12,650 | +€4,458 | +26.1% |
| Income taxes | 67/77 | €214 | €190 | -€24 | -11.2% |
| Profit (loss) for the period | 9904 | -€17,321 | -€12,839 | +€4,482 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,321 | -€12,839 | +€4,482 | +25.9% |
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 13 October 2026 via checked.be.