WB PROJECTS: 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 PROJECTS
Largest movements
- Cash +€34,460
up €34,460 (+75.0%), from €45,951 to €80,411
mainly Tax, wage and social debts (+€15,858) and Net result for the year (+€14,968)
- Stocks and contracts +€19,481
up €19,481 (+101.6%), from €19,176 to €38,657
of which Contracts in progress: +€20,059
- Receivables within one year -€13,381
down €13,381 (-80.2%), from €16,692 to €3,311
- Tangible fixed assets -€7,225
down €7,225 (-53.2%), from €13,576 to €6,351
of which Plant, machinery and equipment: -€5,094
- Tax, wage and social debts +€15,858
up €15,858 (+264.0%), from €6,006 to €21,864
of which Taxes: +€12,317
- Reserves +€14,968
up €14,968 (+43.2%), from €34,636 to €49,604
of which Distributable reserves: +€14,968
- Trade debts +€1,734
up €1,734 (+12.7%), from €13,692 to €15,426
- Gross operating margin +€19,512
up €19,512 (+119.5%), from €16,329 to €35,841
- Taxes +€8,247
up €8,247 (+655.0%), from €1,259 to €9,506
- Other operating charges -€3,591
down €3,591 (-76.8%), from €4,674 to €1,083
- Staff costs -€384
down €384 (-13.3%), from €2,891 to €2,507
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 | €97,558 | €130,309 | +€32,751 | +33.6% |
| Fixed assets | 21/28 | €15,155 | €7,930 | -€7,225 | -47.7% |
| Tangible fixed assets | 22/27 | €13,576 | €6,351 | -€7,225 | -53.2% |
| Plant, machinery and equipment | 23 | €9,303 | €4,209 | -€5,094 | -54.8% |
| Furniture and vehicles | 24 | €4,273 | €2,142 | -€2,131 | -49.9% |
| Financial fixed assets | 28 | €1,579 | €1,579 | = | 0.0% |
| Current assets | 29/58 | €82,403 | €122,379 | +€39,976 | +48.5% |
| Stocks and contracts in progress | 3 | €19,176 | €38,657 | +€19,481 | +101.6% |
| Stocks | 30/36 | €9,724 | €9,146 | -€578 | -5.9% |
| Contracts in progress | 37 | €9,452 | €29,511 | +€20,059 | +212.2% |
| Amounts receivable within one year | 40/41 | €16,692 | €3,311 | -€13,381 | -80.2% |
| Trade receivables | 40 | €16,692 | €3,311 | -€13,381 | -80.2% |
| Cash at bank and in hand | 54/58 | €45,951 | €80,411 | +€34,460 | +75.0% |
| Deferred charges and accrued income | 490/1 | €584 | - | -€584 | |
| Total equity and liabilities | 10/49 | €97,558 | €130,309 | +€32,751 | +33.6% |
| Equity | 10/15 | €53,236 | €68,204 | +€14,968 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,636 | €49,604 | +€14,968 | +43.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,776 | €47,744 | +€14,968 | +45.7% |
| Amounts payable | 17/49 | €44,322 | €62,105 | +€17,783 | +40.1% |
| Amounts payable within one year | 42/48 | €44,322 | €62,105 | +€17,783 | +40.1% |
| Trade debts | 44 | €13,692 | €15,426 | +€1,734 | +12.7% |
| Suppliers | 440/4 | €13,692 | €15,426 | +€1,734 | +12.7% |
| Taxes, remuneration and social security | 45 | €6,006 | €21,864 | +€15,858 | +264.0% |
| Taxes | 450/3 | €5,206 | €17,523 | +€12,317 | +236.6% |
| Remuneration and social security | 454/9 | €800 | €4,341 | +€3,541 | +442.6% |
| Other amounts payable | 47/48 | €24,624 | €24,815 | +€191 | +0.8% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €2,891 | €2,507 | -€384 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,025 | €7,225 | +€200 | +2.8% |
| Other operating charges | 640/8 | €4,674 | €1,083 | -€3,591 | -76.8% |
| Gross operating margin | 9900 | €16,329 | €35,841 | +€19,512 | +119.5% |
| Operating profit (loss) | 9901 | €1,739 | €25,026 | +€23,287 | +1339.1% |
| Financial income | 75/76B | €286 | €92 | -€194 | -67.8% |
| Recurring financial income | 75 | €286 | €92 | -€194 | -67.8% |
| Financial charges | 65/66B | €655 | €644 | -€11 | -1.7% |
| Recurring financial charges | 65 | €655 | €644 | -€11 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,370 | €24,474 | +€23,104 | +1686.4% |
| Income taxes | 67/77 | €1,259 | €9,506 | +€8,247 | +655.0% |
| Profit (loss) for the period | 9904 | €111 | €14,968 | +€14,857 | +13384.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111 | €14,968 | +€14,857 | +13384.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.