WCorporation: 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.
WCorporation
Largest movements
- Receivables within one year -€52,890
down €52,890 (-19.9%), from €265,788 to €212,899
of which Other amounts receivable: -€121,826
- Tangible fixed assets -€22,991
down €22,991 (-2.1%), from €1.1m to €1.1m
of which Land and buildings: -€21,357
- Debts after one year -€199,478
down €199,478 (-19.7%), from €1.0m to €815,639
- Trade debts +€177,230
up €177,230 (+1,110%), from €15,961 to €193,191
- Advances received -€48,477
down €48,477 (-100%), from €48,477 to €0
- Profit (loss) carried forward +€42,093
up €42,093 (+13.4%), from €313,342 to €355,435
- Tax, wage and social debts -€27,487
down €27,487 (-44.9%), from €61,218 to €33,731
- Gross operating margin +€10,477
up €10,477 (+7.2%), from €145,758 to €156,235
- Depreciation +€3,255
up €3,255 (+8.7%), from €37,544 to €40,799
- Financial charges -€2,869
down €2,869 (-5.7%), from €50,092 to €47,223
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 | €1,526,567 | €1,461,451 | -€65,116 | -4.3% |
| Fixed assets | 21/28 | €1,257,920 | €1,234,929 | -€22,991 | -1.8% |
| Tangible fixed assets | 22/27 | €1,088,460 | €1,065,469 | -€22,991 | -2.1% |
| Land and buildings | 22 | €1,075,055 | €1,053,698 | -€21,357 | -2.0% |
| Plant, machinery and equipment | 23 | €5,990 | €5,230 | -€760 | -12.7% |
| Furniture and vehicles | 24 | €7,415 | €6,541 | -€874 | -11.8% |
| Financial fixed assets | 28 | €169,460 | €169,460 | = | 0.0% |
| Current assets | 29/58 | €268,647 | €226,521 | -€42,126 | -15.7% |
| Amounts receivable within one year | 40/41 | €265,788 | €212,899 | -€52,890 | -19.9% |
| Trade receivables | 40 | €40,159 | €109,095 | +€68,936 | +172% |
| Other amounts receivable | 41 | €225,629 | €103,804 | -€121,826 | -54.0% |
| Cash at bank and in hand | 54/58 | €1,839 | €664 | -€1,175 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,020 | €12,959 | +€11,939 | +1,170% |
| Total equity and liabilities | 10/49 | €1,526,567 | €1,461,451 | -€65,116 | -4.3% |
| Equity | 10/15 | €333,802 | €375,895 | +€42,093 | +12.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,342 | €355,435 | +€42,093 | +13.4% |
| Amounts payable | 17/49 | €1,192,765 | €1,085,556 | -€107,210 | -9.0% |
| Amounts payable after more than one year | 17 | €1,015,117 | €815,639 | -€199,478 | -19.7% |
| Financial debts | 170/4 | €1,015,117 | €815,639 | -€199,478 | -19.7% |
| Amounts payable within one year | 42/48 | €177,648 | €269,917 | +€92,269 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €29,979 | €35,554 | +€5,575 | +18.6% |
| Financial debts | 43 | €131 | €1,440 | +€1,308 | +997% |
| Credit institutions | 430/8 | €131 | €1,440 | +€1,308 | +997% |
| Trade debts | 44 | €15,961 | €193,191 | +€177,230 | +1,110% |
| Suppliers | 440/4 | €15,961 | €193,191 | +€177,230 | +1,110% |
| Advances received on contracts in progress | 46 | €48,477 | €0 | -€48,477 | -100% |
| Taxes, remuneration and social security | 45 | €61,218 | €33,731 | -€27,487 | -44.9% |
| Taxes | 450/3 | €61,218 | €33,731 | -€27,487 | -44.9% |
| Other amounts payable | 47/48 | €21,881 | €6,000 | -€15,880 | -72.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,544 | €40,799 | +€3,255 | +8.7% |
| Other operating charges | 640/8 | €6,145 | €5,626 | -€520 | -8.5% |
| Gross operating margin | 9900 | €145,758 | €156,235 | +€10,477 | +7.2% |
| Operating profit (loss) | 9901 | €102,069 | €109,810 | +€7,741 | +7.6% |
| Financial income | 75/76B | €1,262 | €64 | -€1,198 | -95.0% |
| Recurring financial income | 75 | €1,262 | €64 | -€1,198 | -95.0% |
| Financial charges | 65/66B | €50,092 | €47,223 | -€2,869 | -5.7% |
| Recurring financial charges | 65 | €50,092 | €47,223 | -€2,869 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €53,239 | €62,651 | +€9,412 | +17.7% |
| Income taxes | 67/77 | €21,265 | €20,557 | -€708 | -3.3% |
| Profit (loss) for the period | 9904 | €31,974 | €42,093 | +€10,120 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,974 | €42,093 | +€10,120 | +31.7% |
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 14 October 2026 via checked.be.