WCK 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.
WCK Management
Largest movements
- Cash +€345,232
up €345,232 (+283%), from €122,020 to €467,252
mainly Net result for the year (+€149,251) and Current investments (+€110,000)
- Current investments -€110,000
no longer reported in 2025 (was €110,000)
- Tangible fixed assets -€84,954
down €84,954 (-3.5%), from €2.4m to €2.4m
of which Land and buildings: -€106,473
- Reserves +€236,111
up €236,111 (+21.7%), from €1.1m to €1.3m
of which Tax-exempt reserves: +€236,111
- Profit (loss) carried forward -€86,860
down €86,860 (-33.0%), from -€262,861 to -€349,721
- Provisions +€78,704
up €78,704 (+25.7%), from €306,748 to €385,452
- Other debts -€62,534
down €62,534 (-72.2%), from €86,653 to €24,119
- Gross operating margin +€417,376
up €417,376, from -€18,304 to €399,072
- Financial income -€7,572
down €7,572 (-53.7%), from €14,107 to €6,536
- Staff costs -€7,117
down €7,117 (-22.7%), from €31,401 to €24,284
- Depreciation +€7,098
up €7,098 (+7.2%), from €98,526 to €105,624
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 | €2,715,993 | €2,853,311 | +€137,318 | +5.1% |
| Fixed assets | 21/28 | €2,440,811 | €2,355,856 | -€84,954 | -3.5% |
| Tangible fixed assets | 22/27 | €2,440,811 | €2,355,856 | -€84,954 | -3.5% |
| Land and buildings | 22 | €2,308,289 | €2,201,816 | -€106,473 | -4.6% |
| Plant, machinery and equipment | 23 | €35,709 | €35,405 | -€304 | -0.9% |
| Furniture and vehicles | 24 | €96,813 | €118,635 | +€21,822 | +22.5% |
| Current assets | 29/58 | €275,182 | €497,454 | +€222,272 | +80.8% |
| Amounts receivable within one year | 40/41 | €35,063 | €23,692 | -€11,371 | -32.4% |
| Trade receivables | 40 | €34,927 | €23,053 | -€11,873 | -34.0% |
| Other amounts receivable | 41 | €136 | €639 | +€503 | +370% |
| Current investments | 50/53 | €110,000 | - | -€110,000 | |
| Cash at bank and in hand | 54/58 | €122,020 | €467,252 | +€345,232 | +283% |
| Deferred charges and accrued income | 490/1 | €8,100 | €6,510 | -€1,590 | -19.6% |
| Total equity and liabilities | 10/49 | €2,715,993 | €2,853,311 | +€137,318 | +5.1% |
| Equity | 10/15 | €842,487 | €991,738 | +€149,251 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,086,748 | €1,322,858 | +€236,111 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €920,245 | €1,156,355 | +€236,111 | +25.7% |
| Distributable reserves | 133 | €164,643 | €164,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,861 | -€349,721 | -€86,860 | -33.0% |
| Provisions and deferred taxes | 16 | €306,748 | €385,452 | +€78,704 | +25.7% |
| Deferred taxes | 168 | €306,748 | €385,452 | +€78,704 | +25.7% |
| Amounts payable | 17/49 | €1,566,758 | €1,476,121 | -€90,637 | -5.8% |
| Amounts payable after more than one year | 17 | €1,426,116 | €1,408,360 | -€17,756 | -1.2% |
| Financial debts | 170/4 | €1,426,116 | €1,408,360 | -€17,756 | -1.2% |
| Amounts payable within one year | 42/48 | €140,642 | €60,085 | -€80,558 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €20,611 | €19,502 | -€1,109 | -5.4% |
| Trade debts | 44 | €27,527 | €9,550 | -€17,977 | -65.3% |
| Suppliers | 440/4 | €27,527 | €9,550 | -€17,977 | -65.3% |
| Taxes, remuneration and social security | 45 | €5,852 | €6,914 | +€1,062 | +18.2% |
| Taxes | 450/3 | €1,710 | €6,893 | +€5,183 | +303% |
| Remuneration and social security | 454/9 | €4,142 | €21 | -€4,121 | -99.5% |
| Other amounts payable | 47/48 | €86,653 | €24,119 | -€62,534 | -72.2% |
| Accrued charges and deferred income | 492/3 | - | €7,677 | +€7,677 | |
| Non-recurring operating income | 76A | - | €399,287 | +€399,287 | |
| Remuneration, social security and pensions | 62 | €31,401 | €24,284 | -€7,117 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,526 | €105,624 | +€7,098 | +7.2% |
| Other operating charges | 640/8 | €5,433 | €5,643 | +€210 | +3.9% |
| Gross operating margin | 9900 | -€18,304 | €399,072 | +€417,376 | |
| Operating profit (loss) | 9901 | -€153,664 | €263,521 | +€417,185 | |
| Financial income | 75/76B | €14,107 | €6,536 | -€7,572 | -53.7% |
| Recurring financial income | 75 | €14,107 | €6,536 | -€7,572 | -53.7% |
| Financial charges | 65/66B | €43,047 | €41,868 | -€1,179 | -2.7% |
| Recurring financial charges | 65 | €43,047 | €41,868 | -€1,179 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€182,604 | €228,189 | +€410,793 | |
| Transfer from deferred taxes | 780 | - | €21,118 | +€21,118 | |
| Transfer to deferred taxes | 680 | - | €99,822 | +€99,822 | |
| Income taxes | 67/77 | €246 | €234 | -€12 | -4.7% |
| Profit (loss) for the period | 9904 | -€182,850 | €149,251 | +€332,101 | |
| Transfer from tax-exempt reserves | 789 | €61,199 | €63,354 | +€2,156 | +3.5% |
| Transfer to tax-exempt reserves | 689 | - | €299,465 | +€299,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,651 | -€86,860 | +€34,791 | +28.6% |
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.