WBI: 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.
WBI
Largest movements
- Receivables within one year +€52,855
up €52,855 (+115.2%), from €45,868 to €98,722
of which Other amounts receivable: +€53,697
- Tangible fixed assets -€23,873
down €23,873 (-4.3%), from €549,254 to €525,381
of which Land and buildings: -€13,873
- Cash +€15,469
up €15,469 (+127.6%), from €12,122 to €27,590
mainly Other debts (+€306,870) and Provisions (+€47,400)
- Other debts +€306,870
up €306,870 (+2406.8%), from €12,750 to €319,620
- Reserves -€278,959
no longer reported in 2025 (was €278,959)
- Provisions +€47,400
new in 2025: €47,400
- Debts after one year -€32,036
down €32,036 (-13.7%), from €233,499 to €201,463
- Provisions +€47,400
new in 2025: €47,400
- Gross operating margin +€39,425
up €39,425 (+32.4%), from €121,809 to €161,234
- Taxes +€13,843
up €13,843 (+70.2%), from €19,706 to €33,549
- Financial income +€2,256
up €2,256 (+46409.5%), from €5 to €2,260
- Financial charges -€1,836
down €1,836 (-15.6%), from €11,747 to €9,910
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 | €609,824 | €656,790 | +€46,966 | +7.7% |
| Fixed assets | 21/28 | €549,254 | €525,381 | -€23,873 | -4.3% |
| Tangible fixed assets | 22/27 | €549,254 | €525,381 | -€23,873 | -4.3% |
| Land and buildings | 22 | €511,762 | €497,889 | -€13,873 | -2.7% |
| Plant, machinery and equipment | 23 | €7,450 | €3,911 | -€3,538 | -47.5% |
| Furniture and vehicles | 24 | €30,042 | €23,581 | -€6,461 | -21.5% |
| Current assets | 29/58 | €60,570 | €131,409 | +€70,839 | +117.0% |
| Amounts receivable within one year | 40/41 | €45,868 | €98,722 | +€52,855 | +115.2% |
| Trade receivables | 40 | €26,759 | €25,916 | -€843 | -3.1% |
| Other amounts receivable | 41 | €19,109 | €72,806 | +€53,697 | +281.0% |
| Cash at bank and in hand | 54/58 | €12,122 | €27,590 | +€15,469 | +127.6% |
| Deferred charges and accrued income | 490/1 | €2,581 | €5,097 | +€2,516 | +97.5% |
| Total equity and liabilities | 10/49 | €609,824 | €656,790 | +€46,966 | +7.7% |
| Equity | 10/15 | €297,559 | €18,600 | -€278,959 | -93.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,959 | - | -€278,959 | |
| Distributable reserves | 133 | €278,959 | - | -€278,959 | |
| Provisions and deferred taxes | 16 | - | €47,400 | +€47,400 | |
| Provisions for liabilities and charges | 160/5 | - | €47,400 | +€47,400 | |
| Other liabilities and charges | 164/5 | - | €47,400 | +€47,400 | |
| Amounts payable | 17/49 | €312,266 | €590,790 | +€278,525 | +89.2% |
| Amounts payable after more than one year | 17 | €233,499 | €201,463 | -€32,036 | -13.7% |
| Financial debts | 170/4 | €233,499 | €201,463 | -€32,036 | -13.7% |
| Amounts payable within one year | 42/48 | €78,767 | €389,328 | +€310,561 | +394.3% |
| Current portion of amounts payable after more than one year | 42 | €24,121 | €25,095 | +€974 | +4.0% |
| Financial debts | 43 | €6,739 | €6,941 | +€202 | +3.0% |
| Credit institutions | 430/8 | €6,739 | €6,941 | +€202 | +3.0% |
| Trade debts | 44 | €1,515 | €8,058 | +€6,543 | +432.0% |
| Suppliers | 440/4 | €1,515 | €8,058 | +€6,543 | +432.0% |
| Taxes, remuneration and social security | 45 | €33,643 | €29,614 | -€4,029 | -12.0% |
| Taxes | 450/3 | €33,643 | €29,614 | -€4,029 | -12.0% |
| Other amounts payable | 47/48 | €12,750 | €319,620 | +€306,870 | +2406.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,850 | €28,623 | -€1,227 | -4.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €47,400 | +€47,400 | |
| Other operating charges | 640/8 | €2,911 | €3,313 | +€403 | +13.8% |
| Non-recurring operating charges | 66A | - | €37 | +€37 | |
| Gross operating margin | 9900 | €121,809 | €161,234 | +€39,425 | +32.4% |
| Operating profit (loss) | 9901 | €89,048 | €81,861 | -€7,188 | -8.1% |
| Financial income | 75/76B | €5 | €2,260 | +€2,256 | +46409.5% |
| Recurring financial income | 75 | €5 | €2,260 | +€2,256 | +46409.5% |
| Financial charges | 65/66B | €11,747 | €9,910 | -€1,836 | -15.6% |
| Recurring financial charges | 65 | €11,747 | €9,910 | -€1,836 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €77,306 | €74,211 | -€3,096 | -4.0% |
| Income taxes | 67/77 | €19,706 | €33,549 | +€13,843 | +70.2% |
| Profit (loss) for the period | 9904 | €57,600 | €40,661 | -€16,938 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,600 | €40,661 | -€16,938 | -29.4% |
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 7 October 2026 via checked.be.