WCTF: 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.
WCTF
Largest movements
- Tangible fixed assets -€15,742
down €15,742 (-35.6%), from €44,188 to €28,446
of which Furniture and vehicles: -€14,782
- Cash +€5,623
up €5,623 (+30.9%), from €18,185 to €23,808
mainly Depreciation (+€15,742) and Deferred charges and accrued income (+€82)
- Profit (loss) carried forward -€3,690
down €3,690 (-7.1%), from €51,670 to €47,980
- Other debts -€3,017
down €3,017 (-66.7%), from €4,522 to €1,506
- Trade debts -€2,765
down €2,765 (-60.4%), from €4,580 to €1,815
- Gross operating margin -€4,887
down €4,887 (-23.5%), from €20,822 to €15,935
- Depreciation -€593
down €593 (-3.6%), from €16,335 to €15,742
- Staff costs -€357
down €357 (-16.2%), from €2,205 to €1,848
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 | €67,680 | €57,906 | -€9,774 | -14.4% |
| Fixed assets | 21/28 | €44,188 | €28,446 | -€15,742 | -35.6% |
| Tangible fixed assets | 22/27 | €44,188 | €28,446 | -€15,742 | -35.6% |
| Plant, machinery and equipment | 23 | €5,117 | €4,158 | -€960 | -18.8% |
| Furniture and vehicles | 24 | €39,071 | €24,288 | -€14,782 | -37.8% |
| Current assets | 29/58 | €23,492 | €29,460 | +€5,968 | +25.4% |
| Stocks and contracts in progress | 3 | €3,628 | €3,838 | +€211 | +5.8% |
| Stocks | 30/36 | €3,628 | €3,838 | +€211 | +5.8% |
| Amounts receivable within one year | 40/41 | €518 | €734 | +€216 | +41.8% |
| Other amounts receivable | 41 | €518 | €734 | +€216 | +41.8% |
| Cash at bank and in hand | 54/58 | €18,185 | €23,808 | +€5,623 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,079 | -€82 | -7.1% |
| Total equity and liabilities | 10/49 | €67,680 | €57,906 | -€9,774 | -14.4% |
| Equity | 10/15 | €56,670 | €52,980 | -€3,690 | -6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,670 | €47,980 | -€3,690 | -7.1% |
| Amounts payable | 17/49 | €11,010 | €4,926 | -€6,084 | -55.3% |
| Amounts payable within one year | 42/48 | €11,010 | €4,926 | -€6,084 | -55.3% |
| Trade debts | 44 | €4,580 | €1,815 | -€2,765 | -60.4% |
| Suppliers | 440/4 | €4,580 | €1,815 | -€2,765 | -60.4% |
| Taxes, remuneration and social security | 45 | €1,907 | €1,605 | -€302 | -15.8% |
| Taxes | 450/3 | €1,843 | €1,570 | -€273 | -14.8% |
| Remuneration and social security | 454/9 | €64 | €35 | -€29 | -45.5% |
| Other amounts payable | 47/48 | €4,522 | €1,506 | -€3,017 | -66.7% |
| Non-recurring operating income | 76A | €4,966 | - | -€4,966 | |
| Remuneration, social security and pensions | 62 | €2,205 | €1,848 | -€357 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,335 | €15,742 | -€593 | -3.6% |
| Other operating charges | 640/8 | €699 | €577 | -€122 | -17.5% |
| Gross operating margin | 9900 | €20,822 | €15,935 | -€4,887 | -23.5% |
| Operating profit (loss) | 9901 | €1,582 | -€2,232 | -€3,814 | |
| Financial income | 75/76B | €66 | €132 | +€66 | +99.1% |
| Recurring financial income | 75 | €66 | €132 | +€66 | +99.1% |
| Financial charges | 65/66B | €1,586 | €1,590 | +€4 | +0.2% |
| Recurring financial charges | 65 | €1,586 | €1,590 | +€4 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €63 | -€3,690 | -€3,752 | |
| Profit (loss) for the period | 9904 | €63 | -€3,690 | -€3,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €63 | -€3,690 | -€3,752 |
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 7 October 2026 via checked.be.