WDesigN: 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.
WDesigN
Largest movements
- Tangible fixed assets +€34,047
up €34,047 (+196.8%), from €17,299 to €51,346
of which Land and buildings: +€41,178
- Cash -€12,807
down €12,807 (-33.9%), from €37,775 to €24,967
mainly Investment in fixed assets (net) (-€41,580) and Contributions, distributions and other (-€19,000)
- Receivables within one year +€2,123
up €2,123 (+13.1%), from €16,181 to €18,304
of which Other amounts receivable: +€1,324
- Debts after one year +€23,518
new in 2025: €23,518
- Other debts -€9,816
down €9,816 (-28.5%), from €34,426 to €24,611
- Current portion of long-term debt +€5,574
new in 2025: €5,574
- Short-term financial debts +€5,000
new in 2025: €5,000
- Accrued charges and deferred income +€1,218
up €1,218, from €0 to €1,218
- Gross operating margin -€11,481
down €11,481 (-22.8%), from €50,425 to €38,944
- Other operating charges +€5,487
up €5,487 (+717.5%), from €765 to €6,251
- Taxes -€3,324
down €3,324 (-39.0%), from €8,524 to €5,200
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 | €72,969 | €96,934 | +€23,965 | +32.8% |
| Fixed assets | 21/28 | €17,449 | €51,496 | +€34,047 | +195.1% |
| Tangible fixed assets | 22/27 | €17,299 | €51,346 | +€34,047 | +196.8% |
| Land and buildings | 22 | - | €41,178 | +€41,178 | |
| Plant, machinery and equipment | 23 | €246 | €115 | -€131 | -53.3% |
| Furniture and vehicles | 24 | €12,822 | €6,882 | -€5,940 | -46.3% |
| Other tangible fixed assets | 26 | €4,231 | €3,172 | -€1,059 | -25.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €55,520 | €45,438 | -€10,083 | -18.2% |
| Amounts receivable within one year | 40/41 | €16,181 | €18,304 | +€2,123 | +13.1% |
| Trade receivables | 40 | €12,705 | €13,504 | +€799 | +6.3% |
| Other amounts receivable | 41 | €3,476 | €4,800 | +€1,324 | +38.1% |
| Cash at bank and in hand | 54/58 | €37,775 | €24,967 | -€12,807 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,565 | €2,166 | +€602 | +38.5% |
| Total equity and liabilities | 10/49 | €72,969 | €96,934 | +€23,965 | +32.8% |
| Equity | 10/15 | €26,969 | €25,869 | -€1,100 | -4.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,500 | €23,500 | = | 0.0% |
| Distributable reserves | 133 | €23,500 | €23,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,469 | €369 | -€1,100 | -74.9% |
| Amounts payable | 17/49 | €46,000 | €71,065 | +€25,065 | +54.5% |
| Amounts payable after more than one year | 17 | - | €23,518 | +€23,518 | |
| Financial debts | 170/4 | - | €23,518 | +€23,518 | |
| Amounts payable within one year | 42/48 | €46,000 | €46,328 | +€329 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,574 | +€5,574 | |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Other loans | 439 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €2,176 | €1,194 | -€982 | -45.1% |
| Suppliers | 440/4 | €2,176 | €1,194 | -€982 | -45.1% |
| Taxes, remuneration and social security | 45 | €9,398 | €9,949 | +€552 | +5.9% |
| Taxes | 450/3 | €9,398 | €9,333 | -€64 | -0.7% |
| Remuneration and social security | 454/9 | - | €616 | +€616 | |
| Other amounts payable | 47/48 | €34,426 | €24,611 | -€9,816 | -28.5% |
| Accrued charges and deferred income | 492/3 | €0 | €1,218 | +€1,218 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €7,533 | +€68 | +0.9% |
| Other operating charges | 640/8 | €765 | €6,251 | +€5,487 | +717.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,425 | €38,944 | -€11,481 | -22.8% |
| Operating profit (loss) | 9901 | €42,196 | €25,160 | -€17,035 | -40.4% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €2,526 | €2,061 | -€465 | -18.4% |
| Recurring financial charges | 65 | €2,526 | €2,061 | -€465 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €39,707 | €23,100 | -€16,607 | -41.8% |
| Income taxes | 67/77 | €8,524 | €5,200 | -€3,324 | -39.0% |
| Profit (loss) for the period | 9904 | €31,183 | €17,900 | -€13,283 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,183 | €17,900 | -€13,283 | -42.6% |
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 9 October 2026 via checked.be.