WD50: 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.
WD50
Largest movements
- Receivables within one year -€36,662
down €36,662 (-74.0%), from €49,516 to €12,854
- Cash +€36,480
up €36,480 (+314.2%), from €11,609 to €48,089
mainly Receivables within one year (+€36,662) and Net result for the year (+€4,038)
- Deferred charges and accrued income +€2,565
up €2,565 (+172.1%), from €1,490 to €4,056
- Tangible fixed assets +€1,024
up €1,024 (+100.6%), from €1,019 to €2,043
of which Plant, machinery and equipment: +€948
- Other debts -€4,524
down €4,524 (-39.8%), from €11,373 to €6,849
- Reserves +€4,038
up €4,038 (+18.4%), from €21,963 to €26,000
- Trade debts +€2,251
up €2,251 (+141.7%), from €1,588 to €3,839
- Tax, wage and social debts +€1,643
up €1,643 (+18.9%), from €8,710 to €10,353
of which Taxes: +€1,643
- Gross operating margin -€20,835
down €20,835 (-73.0%), from €28,557 to €7,723
- Taxes -€4,413
down €4,413 (-78.0%), from €5,655 to €1,242
- Financial charges +€979
up €979 (+268.7%), from €364 to €1,344
- Depreciation +€497
up €497 (+311.0%), from €160 to €657
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 | €63,634 | €67,042 | +€3,408 | +5.4% |
| Fixed assets | 21/28 | €1,019 | €2,043 | +€1,024 | +100.6% |
| Tangible fixed assets | 22/27 | €1,019 | €2,043 | +€1,024 | +100.6% |
| Plant, machinery and equipment | 23 | - | €948 | +€948 | |
| Furniture and vehicles | 24 | €1,019 | €1,095 | +€76 | +7.5% |
| Current assets | 29/58 | €62,616 | €64,999 | +€2,383 | +3.8% |
| Amounts receivable within one year | 40/41 | €49,516 | €12,854 | -€36,662 | -74.0% |
| Trade receivables | 40 | €49,516 | €12,854 | -€36,662 | -74.0% |
| Cash at bank and in hand | 54/58 | €11,609 | €48,089 | +€36,480 | +314.2% |
| Deferred charges and accrued income | 490/1 | €1,490 | €4,056 | +€2,565 | +172.1% |
| Total equity and liabilities | 10/49 | €63,634 | €67,042 | +€3,408 | +5.4% |
| Equity | 10/15 | €26,963 | €31,000 | +€4,038 | +15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,963 | €26,000 | +€4,038 | +18.4% |
| Distributable reserves | 133 | €21,963 | €26,000 | +€4,038 | +18.4% |
| Amounts payable | 17/49 | €36,671 | €36,041 | -€630 | -1.7% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,671 | €21,041 | -€630 | -2.9% |
| Trade debts | 44 | €1,588 | €3,839 | +€2,251 | +141.7% |
| Suppliers | 440/4 | €1,588 | €3,839 | +€2,251 | +141.7% |
| Taxes, remuneration and social security | 45 | €8,710 | €10,353 | +€1,643 | +18.9% |
| Taxes | 450/3 | €6,710 | €8,353 | +€1,643 | +24.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,373 | €6,849 | -€4,524 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €657 | +€497 | +311.0% |
| Other operating charges | 640/8 | €419 | €442 | +€23 | +5.5% |
| Gross operating margin | 9900 | €28,557 | €7,723 | -€20,835 | -73.0% |
| Operating profit (loss) | 9901 | €27,978 | €6,623 | -€21,355 | -76.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €364 | €1,344 | +€979 | +268.7% |
| Recurring financial charges | 65 | €364 | €1,344 | +€979 | +268.7% |
| Profit (loss) for the period before taxes | 9903 | €27,618 | €5,279 | -€22,338 | -80.9% |
| Income taxes | 67/77 | €5,655 | €1,242 | -€4,413 | -78.0% |
| Profit (loss) for the period | 9904 | €21,963 | €4,038 | -€17,925 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,963 | €4,038 | -€17,925 | -81.6% |
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 10 October 2026 via checked.be.