WB Consult: 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.
WB Consult
Largest movements
- Cash +€1.8m
up €1.8m (+940.4%), from €196,715 to €2.0m
mainly Net result for the year (+€1.9m) and Receivables after one year (+€545,530)
- Receivables within one year +€600,680
up €600,680 (+212.1%), from €283,264 to €883,944
of which Other amounts receivable: +€644,028
- Receivables after one year -€545,530
down €545,530 (-100.0%), from €545,530 to €0
- Reserves +€1.9m
up €1.9m (+178.4%), from €1.1m to €3.0m
of which Distributable reserves: +€1.9m
- Financial income +€1.8m
up €1.8m (+2270.0%), from €77,562 to €1.8m
of which Financial income: +€1.8m
- Gross operating margin -€28,183
down €28,183 (-14.0%), from €201,321 to €173,138
- Financial charges +€26,275
up €26,275 (+83.7%), from €31,391 to €57,665
- Taxes -€16,619
down €16,619 (-33.6%), from €49,459 to €32,840
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 | €2,224,496 | €4,128,507 | +€1.9m | +85.6% |
| Fixed assets | 21/28 | €1,194,342 | €1,195,191 | +€849 | +0.1% |
| Tangible fixed assets | 22/27 | €8,041 | €7,608 | -€433 | -5.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,041 | €238 | -€7,803 | -97.0% |
| Other tangible fixed assets | 26 | - | €7,370 | +€7,370 | |
| Financial fixed assets | 28 | €1,186,301 | €1,187,583 | +€1,282 | +0.1% |
| Current assets | 29/58 | €1,030,154 | €2,933,316 | +€1.9m | +184.7% |
| Amounts receivable after more than one year | 29 | €545,530 | €0 | -€545,530 | -100.0% |
| Other amounts receivable | 291 | €545,530 | €0 | -€545,530 | -100.0% |
| Amounts receivable within one year | 40/41 | €283,264 | €883,944 | +€600,680 | +212.1% |
| Trade receivables | 40 | €63,895 | €20,547 | -€43,348 | -67.8% |
| Other amounts receivable | 41 | €219,370 | €863,398 | +€644,028 | +293.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €196,715 | €2,046,639 | +€1.8m | +940.4% |
| Deferred charges and accrued income | 490/1 | €4,645 | €2,733 | -€1,912 | -41.2% |
| Total equity and liabilities | 10/49 | €2,224,496 | €4,128,507 | +€1.9m | +85.6% |
| Equity | 10/15 | €1,090,504 | €3,000,598 | +€1.9m | +175.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,070,504 | €2,980,598 | +€1.9m | +178.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €173 | €173 | = | 0.0% |
| Distributable reserves | 133 | €1,068,330 | €2,978,424 | +€1.9m | +178.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,133,992 | €1,127,910 | -€6,082 | -0.5% |
| Amounts payable after more than one year | 17 | €1,019,842 | €1,001,625 | -€18,217 | -1.8% |
| Financial debts | 170/4 | €291,496 | €310,071 | +€18,575 | +6.4% |
| Other amounts payable | 178/9 | €728,347 | €691,554 | -€36,792 | -5.1% |
| Amounts payable within one year | 42/48 | €112,651 | €125,760 | +€13,109 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €90,241 | €56,425 | -€33,816 | -37.5% |
| Trade debts | 44 | €2,617 | €2,897 | +€281 | +10.7% |
| Suppliers | 440/4 | €2,617 | €2,897 | +€281 | +10.7% |
| Taxes, remuneration and social security | 45 | €19,794 | €30,204 | +€10,410 | +52.6% |
| Taxes | 450/3 | €19,794 | €30,204 | +€10,410 | +52.6% |
| Other amounts payable | 47/48 | €0 | €36,234 | +€36,234 | |
| Accrued charges and deferred income | 492/3 | €1,499 | €525 | -€974 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,834 | €8,485 | -€350 | -4.0% |
| Other operating charges | 640/8 | €1,837 | €2,233 | +€395 | +21.5% |
| Gross operating margin | 9900 | €201,321 | €173,138 | -€28,183 | -14.0% |
| Operating profit (loss) | 9901 | €190,649 | €162,420 | -€28,229 | -14.8% |
| Financial income | 75/76B | €77,562 | €1,838,179 | +€1.8m | +2270.0% |
| Recurring financial income | 75 | €77,562 | €1,838,179 | +€1.8m | +2270.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €31,391 | €57,665 | +€26,275 | +83.7% |
| Recurring financial charges | 65 | €31,391 | €57,665 | +€26,275 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €236,821 | €1,942,934 | +€1.7m | +720.4% |
| Income taxes | 67/77 | €49,459 | €32,840 | -€16,619 | -33.6% |
| Profit (loss) for the period | 9904 | €187,362 | €1,910,094 | +€1.7m | +919.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €187,362 | €1,910,094 | +€1.7m | +919.5% |
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 30 September 2026 via checked.be.