WBR: 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.
WBR
Largest movements
- Receivables within one year +€10,442
up €10,442 (+72.3%), from €14,438 to €24,880
of which Trade receivables: +€10,180
- Cash -€9,225
down €9,225 (-7.1%), from €129,362 to €120,137
mainly Contributions, distributions and other (-€17,482) and Receivables within one year (-€10,442)
- Tangible fixed assets -€2,034
down €2,034 (-46.3%), from €4,390 to €2,356
- Reserves -€2,182
down €2,182 (-1.6%), from €139,722 to €137,540
- Gross operating margin +€5,705
up €5,705 (+25.6%), from €22,292 to €27,997
- Taxes +€2,166
up €2,166 (+33.8%), from €6,398 to €8,564
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 | €150,051 | €148,953 | -€1,098 | -0.7% |
| Fixed assets | 21/28 | €4,390 | €2,356 | -€2,034 | -46.3% |
| Tangible fixed assets | 22/27 | €4,390 | €2,356 | -€2,034 | -46.3% |
| Furniture and vehicles | 24 | €4,390 | €2,356 | -€2,034 | -46.3% |
| Current assets | 29/58 | €145,661 | €146,597 | +€937 | +0.6% |
| Amounts receivable within one year | 40/41 | €14,438 | €24,880 | +€10,442 | +72.3% |
| Trade receivables | 40 | €9,662 | €19,842 | +€10,180 | +105.4% |
| Other amounts receivable | 41 | €4,776 | €5,038 | +€262 | +5.5% |
| Cash at bank and in hand | 54/58 | €129,362 | €120,137 | -€9,225 | -7.1% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,580 | -€281 | -15.1% |
| Total equity and liabilities | 10/49 | €150,051 | €148,953 | -€1,098 | -0.7% |
| Equity | 10/15 | €140,122 | €137,940 | -€2,182 | -1.6% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €139,722 | €137,540 | -€2,182 | -1.6% |
| Distributable reserves | 133 | €139,722 | €137,540 | -€2,182 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,929 | €11,013 | +€1,084 | +10.9% |
| Amounts payable within one year | 42/48 | €9,929 | €11,013 | +€1,084 | +10.9% |
| Financial debts | 43 | €20 | €174 | +€154 | +774.3% |
| Credit institutions | 430/8 | €20 | €174 | +€154 | +774.3% |
| Trade debts | 44 | €1,808 | €806 | -€1,002 | -55.4% |
| Suppliers | 440/4 | €1,808 | €806 | -€1,002 | -55.4% |
| Taxes, remuneration and social security | 45 | €7,131 | €7,742 | +€610 | +8.6% |
| Taxes | 450/3 | €7,131 | €7,742 | +€610 | +8.6% |
| Other amounts payable | 47/48 | €970 | €2,291 | +€1,321 | +136.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,518 | €3,242 | -€277 | -7.9% |
| Other operating charges | 640/8 | €705 | €720 | +€15 | +2.1% |
| Gross operating margin | 9900 | €22,292 | €27,997 | +€5,705 | +25.6% |
| Operating profit (loss) | 9901 | €18,068 | €24,035 | +€5,967 | +33.0% |
| Financial income | 75/76B | €74 | €110 | +€36 | +48.6% |
| Recurring financial income | 75 | €74 | €110 | +€36 | +48.6% |
| Financial charges | 65/66B | €342 | €281 | -€61 | -17.9% |
| Recurring financial charges | 65 | €342 | €281 | -€61 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €17,801 | €23,864 | +€6,064 | +34.1% |
| Income taxes | 67/77 | €6,398 | €8,564 | +€2,166 | +33.8% |
| Profit (loss) for the period | 9904 | €11,402 | €15,300 | +€3,898 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,402 | €15,300 | +€3,898 | +34.2% |
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 10 October 2026 via checked.be.