WCBO: 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.
WCBO
Largest movements
- Receivables within one year -€26,898
down €26,898 (-75.8%), from €35,484 to €8,586
of which Trade receivables: -€27,136
- Cash -€12,543
down €12,543 (-95.3%), from €13,162 to €619
mainly Trade debts (-€36,029) and Debts after one year (-€6,000)
- Trade debts -€36,029
down €36,029 (-87.6%), from €41,116 to €5,087
- Other debts +€7,016
up €7,016 (+9.4%), from €74,300 to €81,316
- Debts after one year -€6,000
down €6,000 (-1.8%), from €332,800 to €326,800
- Tax, wage and social debts -€2,216
no longer reported in 2025 (was €2,216)
- Profit (loss) carried forward -€2,212
down €2,212 (-0.5%), from -€451,787 to -€453,998
- Financial charges -€12,857
down €12,857 (-99.2%), from €12,961 to €103
- Gross operating margin -€4,518
down €4,518, from €2,409 to -€2,108
- Depreciation -€156
no longer reported in 2025 (was €156)
- Other operating charges -€50
no longer reported in 2025 (was €50)
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 | €48,646 | €9,205 | -€39,440 | -81.1% |
| Current assets | 29/58 | €48,646 | €9,205 | -€39,440 | -81.1% |
| Amounts receivable within one year | 40/41 | €35,484 | €8,586 | -€26,898 | -75.8% |
| Trade receivables | 40 | €33,958 | €6,822 | -€27,136 | -79.9% |
| Other amounts receivable | 41 | €1,526 | €1,764 | +€239 | +15.6% |
| Cash at bank and in hand | 54/58 | €13,162 | €619 | -€12,543 | -95.3% |
| Total equity and liabilities | 10/49 | €48,646 | €9,205 | -€39,440 | -81.1% |
| Equity | 10/15 | -€401,787 | -€403,998 | -€2,212 | -0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,787 | -€453,998 | -€2,212 | -0.5% |
| Amounts payable | 17/49 | €450,432 | €413,204 | -€37,229 | -8.3% |
| Amounts payable after more than one year | 17 | €332,800 | €326,800 | -€6,000 | -1.8% |
| Financial debts | 170/4 | €332,800 | €326,800 | -€6,000 | -1.8% |
| Amounts payable within one year | 42/48 | €117,632 | €86,404 | -€31,229 | -26.5% |
| Trade debts | 44 | €41,116 | €5,087 | -€36,029 | -87.6% |
| Suppliers | 440/4 | €41,116 | €5,087 | -€36,029 | -87.6% |
| Taxes, remuneration and social security | 45 | €2,216 | - | -€2,216 | |
| Remuneration and social security | 454/9 | €2,216 | - | -€2,216 | |
| Other amounts payable | 47/48 | €74,300 | €81,316 | +€7,016 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | - | -€156 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Non-recurring operating charges | 66A | €55,411 | - | -€55,411 | |
| Gross operating margin | 9900 | €2,409 | -€2,108 | -€4,518 | |
| Operating profit (loss) | 9901 | -€53,208 | -€2,108 | +€51,099 | +96.0% |
| Financial charges | 65/66B | €12,961 | €103 | -€12,857 | -99.2% |
| Recurring financial charges | 65 | €12,961 | €103 | -€12,857 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€66,168 | -€2,212 | +€63,957 | +96.7% |
| Profit (loss) for the period | 9904 | -€66,168 | -€2,212 | +€63,957 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,168 | -€2,212 | +€63,957 | +96.7% |
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 2 October 2026 via checked.be.