WBX MANAGEMENT: 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.
WBX MANAGEMENT
Largest movements
- Cash -€281,129
down €281,129 (-61.0%), from €460,589 to €179,460
mainly Current investments (-€250,000) and Contributions, distributions and other (-€87,000)
- Current investments +€250,000
up €250,000 (+250%), from €100,000 to €350,000
- Receivables within one year +€65,837
up €65,837 (+75.7%), from €87,027 to €152,864
of which Trade receivables: +€37,600
- Other debts +€31,619
up €31,619 (+5.1%), from €617,140 to €648,759
- Gross operating margin +€36,567
up €36,567 (+61.4%), from €59,557 to €96,124
- Taxes +€7,118
up €7,118 (+49.8%), from €14,294 to €21,412
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 | €651,045 | €684,765 | +€33,719 | +5.2% |
| Current assets | 29/58 | €651,045 | €684,765 | +€33,719 | +5.2% |
| Amounts receivable within one year | 40/41 | €87,027 | €152,864 | +€65,837 | +75.7% |
| Trade receivables | 40 | €30,998 | €68,597 | +€37,600 | +121% |
| Other amounts receivable | 41 | €56,030 | €84,267 | +€28,237 | +50.4% |
| Current investments | 50/53 | €100,000 | €350,000 | +€250,000 | +250% |
| Cash at bank and in hand | 54/58 | €460,589 | €179,460 | -€281,129 | -61.0% |
| Deferred charges and accrued income | 490/1 | €3,429 | €2,441 | -€989 | -28.8% |
| Total equity and liabilities | 10/49 | €651,045 | €684,765 | +€33,719 | +5.2% |
| Equity | 10/15 | €21,192 | €21,454 | +€261 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €732 | €994 | +€261 | +35.7% |
| Amounts payable | 17/49 | €629,853 | €663,311 | +€33,458 | +5.3% |
| Amounts payable within one year | 42/48 | €629,853 | €663,311 | +€33,458 | +5.3% |
| Trade debts | 44 | €3,594 | €3,812 | +€217 | +6.0% |
| Suppliers | 440/4 | €3,594 | €3,812 | +€217 | +6.0% |
| Taxes, remuneration and social security | 45 | €9,119 | €10,740 | +€1,622 | +17.8% |
| Taxes | 450/3 | €9,119 | €10,740 | +€1,622 | +17.8% |
| Other amounts payable | 47/48 | €617,140 | €648,759 | +€31,619 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €59,557 | €96,124 | +€36,567 | +61.4% |
| Operating profit (loss) | 9901 | €59,337 | €95,904 | +€36,567 | +61.6% |
| Financial income | 75/76B | €12,222 | €12,998 | +€775 | +6.3% |
| Recurring financial income | 75 | €12,222 | €12,998 | +€775 | +6.3% |
| Financial charges | 65/66B | €89 | €228 | +€139 | +157% |
| Recurring financial charges | 65 | €89 | €228 | +€139 | +157% |
| Profit (loss) for the period before taxes | 9903 | €71,470 | €108,673 | +€37,203 | +52.1% |
| Income taxes | 67/77 | €14,294 | €21,412 | +€7,118 | +49.8% |
| Profit (loss) for the period | 9904 | €57,176 | €87,261 | +€30,085 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,176 | €87,261 | +€30,085 | +52.6% |
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 26 October 2026 via checked.be.