WC SERVICES: 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.
WC SERVICES
Largest movements
- Tangible fixed assets -€517,908
down €517,908 (-100.0%), from €517,908 to €0
- Cash +€102,203
up €102,203 (+255.1%), from €40,066 to €142,269
mainly Investment in fixed assets (net) (+€518,448) and Deferred charges and accrued income (+€11,333)
- Deferred charges and accrued income -€11,333
down €11,333 (-96.7%), from €11,719 to €386
- Receivables within one year -€7,034
down €7,034 (-58.4%), from €12,045 to €5,011
of which Trade receivables: -€7,369
- Debts after one year -€252,203
down €252,203 (-83.5%), from €302,203 to €50,000
- Current portion of long-term debt -€59,220
down €59,220 (-100.0%), from €59,220 to €0
- Profit (loss) carried forward -€54,071
down €54,071 (-42.1%), from -€128,381 to -€182,452
- Other debts -€54,000
down €54,000 (-17.0%), from €317,533 to €263,533
- Trade debts -€17,019
down €17,019 (-91.4%), from €18,624 to €1,605
- Depreciation -€95,504
down €95,504 (-98.1%), from €97,372 to €1,868
- Gross operating margin -€61,173
down €61,173 (-80.5%), from €76,021 to €14,848
- Other operating charges -€1,096
down €1,096 (-39.1%), from €2,803 to €1,707
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 | €591,166 | €152,686 | -€438,480 | -74.2% |
| Formation expenses | 20 | €2,457 | €1,638 | -€820 | -33.3% |
| Fixed assets | 21/28 | €522,877 | €3,381 | -€519,496 | -99.4% |
| Intangible fixed assets | 21 | €1,281 | €232 | -€1,048 | -81.9% |
| Tangible fixed assets | 22/27 | €517,908 | €0 | -€517,908 | -100.0% |
| Plant, machinery and equipment | 23 | €129,853 | €0 | -€129,853 | -100.0% |
| Furniture and vehicles | 24 | €250,389 | €0 | -€250,389 | -100.0% |
| Leasing and similar rights | 25 | €137,666 | €0 | -€137,666 | -100.0% |
| Financial fixed assets | 28 | €3,689 | €3,149 | -€540 | -14.6% |
| Current assets | 29/58 | €65,831 | €147,667 | +€81,836 | +124.3% |
| Stocks and contracts in progress | 3 | €2,000 | €0 | -€2,000 | -100.0% |
| Stocks | 30/36 | €2,000 | €0 | -€2,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €12,045 | €5,011 | -€7,034 | -58.4% |
| Trade receivables | 40 | €11,715 | €4,346 | -€7,369 | -62.9% |
| Other amounts receivable | 41 | €331 | €665 | +€334 | +101.1% |
| Cash at bank and in hand | 54/58 | €40,066 | €142,269 | +€102,203 | +255.1% |
| Deferred charges and accrued income | 490/1 | €11,719 | €386 | -€11,333 | -96.7% |
| Total equity and liabilities | 10/49 | €591,166 | €152,686 | -€438,480 | -74.2% |
| Equity | 10/15 | -€108,381 | -€162,452 | -€54,071 | -49.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,381 | -€182,452 | -€54,071 | -42.1% |
| Amounts payable | 17/49 | €699,546 | €315,138 | -€384,408 | -55.0% |
| Amounts payable after more than one year | 17 | €302,203 | €50,000 | -€252,203 | -83.5% |
| Financial debts | 170/4 | €302,203 | €50,000 | -€252,203 | -83.5% |
| Amounts payable within one year | 42/48 | €395,377 | €265,138 | -€130,239 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €59,220 | €0 | -€59,220 | -100.0% |
| Trade debts | 44 | €18,624 | €1,605 | -€17,019 | -91.4% |
| Suppliers | 440/4 | €18,624 | €1,605 | -€17,019 | -91.4% |
| Other amounts payable | 47/48 | €317,533 | €263,533 | -€54,000 | -17.0% |
| Accrued charges and deferred income | 492/3 | €1,967 | €0 | -€1,967 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,372 | €1,868 | -€95,504 | -98.1% |
| Other operating charges | 640/8 | €2,803 | €1,707 | -€1,096 | -39.1% |
| Non-recurring operating charges | 66A | - | €52,908 | +€52,908 | |
| Gross operating margin | 9900 | €76,021 | €14,848 | -€61,173 | -80.5% |
| Operating profit (loss) | 9901 | -€24,154 | -€41,634 | -€17,480 | -72.4% |
| Financial charges | 65/66B | €12,568 | €12,437 | -€130 | -1.0% |
| Recurring financial charges | 65 | €12,568 | €12,437 | -€130 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,722 | -€54,071 | -€17,349 | -47.2% |
| Profit (loss) for the period | 9904 | -€36,722 | -€54,071 | -€17,349 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,722 | -€54,071 | -€17,349 | -47.2% |
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 5 October 2026 via checked.be.