WCO Consulting: 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.
WCO Consulting
Largest movements
- Financial fixed assets +€85,000
new in 2025: €85,000
- Receivables within one year -€35,348
down €35,348 (-73.6%), from €48,020 to €12,672
of which Other amounts receivable: -€34,097
- Cash +€17,373
up €17,373 (+365%), from €4,760 to €22,133
mainly Debts after one year (+€52,421) and Receivables within one year (+€35,348)
- Current investments -€10,825
down €10,825 (-100%), from €10,825 to €0
- Deferred charges and accrued income +€7,336
up €7,336 (+430%), from €1,708 to €9,043
- Debts after one year +€52,421
up €52,421 (+965%), from €5,431 to €57,852
- Current portion of long-term debt +€13,262
up €13,262 (+381%), from €3,484 to €16,746
- Tax, wage and social debts -€10,601
down €10,601 (-64.0%), from €16,566 to €5,965
- Other debts +€6,635
new in 2025: €6,635
- Short-term financial debts -€2,209
down €2,209 (-80.0%), from €2,763 to €554
- Gross operating margin -€8,177
down €8,177 (-36.4%), from €22,484 to €14,307
- Financial charges +€4,524
up €4,524 (+825%), from €548 to €5,072
- Taxes -€2,340
down €2,340 (-52.4%), from €4,464 to €2,124
- Financial income +€1,166
up €1,166 (+3,854%), from €30 to €1,196
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 | €76,923 | €134,691 | +€57,768 | +75.1% |
| Fixed assets | 21/28 | €11,610 | €90,842 | +€79,232 | +682% |
| Tangible fixed assets | 22/27 | €11,610 | €5,842 | -€5,768 | -49.7% |
| Plant, machinery and equipment | 23 | €3,030 | €2,240 | -€790 | -26.1% |
| Furniture and vehicles | 24 | €8,580 | €3,602 | -€4,978 | -58.0% |
| Financial fixed assets | 28 | - | €85,000 | +€85,000 | |
| Current assets | 29/58 | €65,313 | €43,848 | -€21,465 | -32.9% |
| Amounts receivable within one year | 40/41 | €48,020 | €12,672 | -€35,348 | -73.6% |
| Trade receivables | 40 | €12,544 | €11,293 | -€1,251 | -10.0% |
| Other amounts receivable | 41 | €35,477 | €1,379 | -€34,097 | -96.1% |
| Current investments | 50/53 | €10,825 | €0 | -€10,825 | -100% |
| Cash at bank and in hand | 54/58 | €4,760 | €22,133 | +€17,373 | +365% |
| Deferred charges and accrued income | 490/1 | €1,708 | €9,043 | +€7,336 | +430% |
| Total equity and liabilities | 10/49 | €76,923 | €134,691 | +€57,768 | +75.1% |
| Equity | 10/15 | €45,244 | €45,556 | +€312 | +0.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,744 | €43,056 | +€312 | +0.7% |
| Distributable reserves | 133 | €42,744 | €43,056 | +€312 | +0.7% |
| Amounts payable | 17/49 | €31,679 | €89,134 | +€57,455 | +181% |
| Amounts payable after more than one year | 17 | €5,431 | €57,852 | +€52,421 | +965% |
| Financial debts | 170/4 | €5,431 | €57,852 | +€52,421 | +965% |
| Amounts payable within one year | 42/48 | €26,248 | €31,282 | +€5,034 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €3,484 | €16,746 | +€13,262 | +381% |
| Financial debts | 43 | €2,763 | €554 | -€2,209 | -80.0% |
| Credit institutions | 430/8 | €2,763 | €554 | -€2,209 | -80.0% |
| Trade debts | 44 | €3,436 | €1,383 | -€2,052 | -59.7% |
| Suppliers | 440/4 | €3,436 | €1,383 | -€2,052 | -59.7% |
| Taxes, remuneration and social security | 45 | €16,566 | €5,965 | -€10,601 | -64.0% |
| Taxes | 450/3 | €16,566 | €5,965 | -€10,601 | -64.0% |
| Other amounts payable | 47/48 | - | €6,635 | +€6,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,749 | €5,768 | +€19 | +0.3% |
| Other operating charges | 640/8 | €676 | €754 | +€78 | +11.6% |
| Non-recurring operating charges | 66A | - | €1,473 | +€1,473 | |
| Gross operating margin | 9900 | €22,484 | €14,307 | -€8,177 | -36.4% |
| Operating profit (loss) | 9901 | €16,059 | €6,312 | -€9,747 | -60.7% |
| Financial income | 75/76B | €30 | €1,196 | +€1,166 | +3,854% |
| Recurring financial income | 75 | €30 | €1,196 | +€1,166 | +3,854% |
| Financial charges | 65/66B | €548 | €5,072 | +€4,524 | +825% |
| Recurring financial charges | 65 | €548 | €5,072 | +€4,524 | +825% |
| Profit (loss) for the period before taxes | 9903 | €15,541 | €2,436 | -€13,105 | -84.3% |
| Income taxes | 67/77 | €4,464 | €2,124 | -€2,340 | -52.4% |
| Profit (loss) for the period | 9904 | €11,078 | €312 | -€10,765 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,078 | €312 | -€10,765 | -97.2% |
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 15 October 2026 via checked.be.