WB Construct: 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.
WB Construct
Largest movements
- Receivables within one year +€12,093
up €12,093 (+12.2%), from €99,355 to €111,449
of which Other amounts receivable: +€9,302
- Cash +€4,158
up €4,158 (+8.2%), from €50,915 to €55,073
mainly Net result for the year (+€21,511) and Depreciation (+€2,981)
- Tangible fixed assets -€2,569
down €2,569 (-65.3%), from €3,933 to €1,364
of which Furniture and vehicles: -€2,388
- Reserves +€21,511
up €21,511 (+17.3%), from €124,111 to €145,623
of which Distributable reserves: +€21,511
- Tax, wage and social debts -€6,564
down €6,564 (-45.5%), from €14,440 to €7,877
of which Taxes: -€4,464
- Gross operating margin -€9,824
down €9,824 (-25.1%), from €39,111 to €29,287
- Taxes -€6,614
down €6,614 (-41.8%), from €15,817 to €9,203
- Depreciation -€2,137
down €2,137 (-41.8%), from €5,119 to €2,981
- Financial income -€464
down €464 (-7.9%), from €5,860 to €5,396
of which Financial income: -€257
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 | €155,269 | €168,664 | +€13,395 | +8.6% |
| Fixed assets | 21/28 | €3,933 | €1,364 | -€2,569 | -65.3% |
| Tangible fixed assets | 22/27 | €3,933 | €1,364 | -€2,569 | -65.3% |
| Plant, machinery and equipment | 23 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €3,752 | €1,364 | -€2,388 | -63.7% |
| Current assets | 29/58 | €151,337 | €167,300 | +€15,963 | +10.5% |
| Amounts receivable within one year | 40/41 | €99,355 | €111,449 | +€12,093 | +12.2% |
| Trade receivables | 40 | €4,566 | €7,357 | +€2,791 | +61.1% |
| Other amounts receivable | 41 | €94,790 | €104,092 | +€9,302 | +9.8% |
| Cash at bank and in hand | 54/58 | €50,915 | €55,073 | +€4,158 | +8.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €778 | -€288 | -27.0% |
| Total equity and liabilities | 10/49 | €155,269 | €168,664 | +€13,395 | +8.6% |
| Equity | 10/15 | €130,311 | €151,823 | +€21,511 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,111 | €145,623 | +€21,511 | +17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,251 | €143,763 | +€21,511 | +17.6% |
| Amounts payable | 17/49 | €24,958 | €16,841 | -€8,117 | -32.5% |
| Amounts payable within one year | 42/48 | €24,958 | €16,841 | -€8,117 | -32.5% |
| Financial debts | 43 | €2,544 | €2,532 | -€12 | -0.5% |
| Credit institutions | 430/8 | €2,544 | €2,532 | -€12 | -0.5% |
| Trade debts | 44 | €7,974 | €6,432 | -€1,541 | -19.3% |
| Suppliers | 440/4 | €7,974 | €6,432 | -€1,541 | -19.3% |
| Taxes, remuneration and social security | 45 | €14,440 | €7,877 | -€6,564 | -45.5% |
| Taxes | 450/3 | €12,340 | €7,877 | -€4,464 | -36.2% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €2,981 | -€2,137 | -41.8% |
| Other operating charges | 640/8 | €274 | €281 | +€7 | +2.4% |
| Gross operating margin | 9900 | €39,111 | €29,287 | -€9,824 | -25.1% |
| Operating profit (loss) | 9901 | €33,718 | €26,025 | -€7,694 | -22.8% |
| Financial income | 75/76B | €5,860 | €5,396 | -€464 | -7.9% |
| Recurring financial income | 75 | €5,653 | €5,396 | -€257 | -4.5% |
| Non-recurring financial income | 76B | €207 | - | -€207 | |
| Financial charges | 65/66B | €555 | €706 | +€152 | +27.4% |
| Recurring financial charges | 65 | €555 | €706 | +€152 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €39,024 | €30,714 | -€8,309 | -21.3% |
| Income taxes | 67/77 | €15,817 | €9,203 | -€6,614 | -41.8% |
| Profit (loss) for the period | 9904 | €23,206 | €21,511 | -€1,695 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,206 | €21,511 | -€1,695 | -7.3% |
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 15 October 2026 via checked.be.