WASH TIME: what changed
Two fiscal 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.
WASH TIME
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+55.0%), from €1.9m to €2.9m
of which Land and buildings: +€2.4m
- Receivables within one year +€106,575
up €106,575 (+2126.7%), from €5,011 to €111,587
of which Trade receivables: +€111,302
- Cash +€49,957
up €49,957 (+57461.2%), from €87 to €50,044
mainly Debts after one year (+€536,994) and Other debts (+€222,430)
- Debts after one year +€536,994
up €536,994 (+39.9%), from €1.3m to €1.9m
- Other debts +€222,430
up €222,430 (+37.3%), from €595,713 to €818,144
- Trade debts +€179,672
up €179,672, from €0 to €179,672
- Current portion of long-term debt +€142,639
new in 2025: €142,639
- Profit (loss) carried forward +€68,219
up €68,219 (+76.2%), from -€89,485 to -€21,266
- Gross operating margin +€268,879
up €268,879, from -€5,634 to €263,245
- Staff costs +€74,844
new in 2025: €74,844
- Financial charges +€48,463
up €48,463 (+133.7%), from €36,250 to €84,714
- Depreciation +€21,018
up €21,018 (+171.4%), from €12,259 to €33,277
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 | €1,866,141 | €3,050,058 | +€1.2m | +63.4% |
| Fixed assets | 21/28 | €1,861,043 | €2,885,187 | +€1.0m | +55.0% |
| Tangible fixed assets | 22/27 | €1,859,043 | €2,882,443 | +€1.0m | +55.0% |
| Land and buildings | 22 | €419,925 | €2,860,779 | +€2.4m | +581.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €21,664 | +€21,664 | |
| Assets under construction and advance payments | 27 | €1,439,118 | €0 | -€1.4m | -100.0% |
| Financial fixed assets | 28 | €2,000 | €2,745 | +€745 | +37.2% |
| Current assets | 29/58 | €5,098 | €164,870 | +€159,772 | +3133.9% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,011 | €111,587 | +€106,575 | +2126.7% |
| Trade receivables | 40 | €0 | €111,302 | +€111,302 | |
| Other amounts receivable | 41 | €5,011 | €284 | -€4,727 | -94.3% |
| Cash at bank and in hand | 54/58 | €87 | €50,044 | +€49,957 | +57461.2% |
| Deferred charges and accrued income | 490/1 | - | €3,240 | +€3,240 | |
| Total equity and liabilities | 10/49 | €1,866,141 | €3,050,058 | +€1.2m | +63.4% |
| Equity | 10/15 | -€74,485 | -€6,266 | +€68,219 | +91.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,485 | -€21,266 | +€68,219 | +76.2% |
| Amounts payable | 17/49 | €1,940,627 | €3,056,324 | +€1.1m | +57.5% |
| Amounts payable after more than one year | 17 | €1,344,913 | €1,881,907 | +€536,994 | +39.9% |
| Financial debts | 170/4 | €1,344,913 | €1,881,907 | +€536,994 | +39.9% |
| Amounts payable within one year | 42/48 | €595,713 | €1,174,417 | +€578,703 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | - | €142,639 | +€142,639 | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €0 | €179,672 | +€179,672 | |
| Suppliers | 440/4 | €0 | €179,672 | +€179,672 | |
| Taxes, remuneration and social security | 45 | €0 | €33,962 | +€33,962 | |
| Taxes | 450/3 | €0 | €19,382 | +€19,382 | |
| Remuneration and social security | 454/9 | - | €14,580 | +€14,580 | |
| Other amounts payable | 47/48 | €595,713 | €818,144 | +€222,430 | +37.3% |
| Remuneration, social security and pensions | 62 | - | €74,844 | +€74,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,259 | €33,277 | +€21,018 | +171.4% |
| Other operating charges | 640/8 | €1,038 | €2,197 | +€1,159 | +111.7% |
| Gross operating margin | 9900 | -€5,634 | €263,245 | +€268,879 | |
| Operating profit (loss) | 9901 | -€18,930 | €152,928 | +€171,858 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €36,250 | €84,714 | +€48,463 | +133.7% |
| Recurring financial charges | 65 | €36,250 | €84,714 | +€48,463 | +133.7% |
| Profit (loss) for the period before taxes | 9903 | -€55,181 | €68,219 | +€123,400 | |
| Profit (loss) for the period | 9904 | -€55,181 | €68,219 | +€123,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,181 | €68,219 | +€123,400 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.