WE: 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.
WE
Largest movements
- Financial fixed assets -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Receivables within one year +€29,293
up €29,293 (+403.6%), from €7,257 to €36,550
of which Trade receivables: +€29,037
- Cash -€11,639
down €11,639 (-74.4%), from €15,640 to €4,001
mainly Net result for the year (-€30,523) and Receivables within one year (-€29,293)
- Tangible fixed assets -€9,324
down €9,324 (-17.7%), from €52,559 to €43,234
- Profit (loss) carried forward -€28,223
down €28,223, from €91 to -€28,132
- Other debts +€14,211
up €14,211 (+32.0%), from €44,410 to €58,621
- Debts after one year -€8,714
down €8,714 (-21.1%), from €41,304 to €32,590
- Reserves -€2,300
down €2,300 (-100.0%), from €2,300 to €0
- Trade debts +€1,762
up €1,762 (+245.4%), from €718 to €2,480
- Financial charges +€22,104
up €22,104 (+1123.2%), from €1,968 to €24,072
of which Non-recurring financial charges: +€21,585
- Depreciation +€3,000
up €3,000 (+42.4%), from €7,081 to €10,081
- Gross operating margin -€2,923
down €2,923 (-18.9%), from €15,428 to €12,504
- Other operating charges -€775
down €775 (-59.3%), from €1,306 to €532
- Taxes -€689
down €689 (-94.0%), from €733 to €44
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 | €105,456 | €83,786 | -€21,670 | -20.5% |
| Fixed assets | 21/28 | €82,559 | €43,234 | -€39,324 | -47.6% |
| Tangible fixed assets | 22/27 | €52,559 | €43,234 | -€9,324 | -17.7% |
| Furniture and vehicles | 24 | €52,559 | €43,234 | -€9,324 | -17.7% |
| Financial fixed assets | 28 | €30,000 | €0 | -€30,000 | -100.0% |
| Current assets | 29/58 | €22,897 | €40,551 | +€17,654 | +77.1% |
| Amounts receivable within one year | 40/41 | €7,257 | €36,550 | +€29,293 | +403.6% |
| Trade receivables | 40 | €5,491 | €34,528 | +€29,037 | +528.9% |
| Other amounts receivable | 41 | €1,767 | €2,022 | +€256 | +14.5% |
| Cash at bank and in hand | 54/58 | €15,640 | €4,001 | -€11,639 | -74.4% |
| Total equity and liabilities | 10/49 | €105,456 | €83,786 | -€21,670 | -20.5% |
| Equity | 10/15 | €7,391 | -€23,132 | -€30,523 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,300 | €0 | -€2,300 | -100.0% |
| Distributable reserves | 133 | €2,300 | €0 | -€2,300 | -100.0% |
| Profit (loss) carried forward | 14 | €91 | -€28,132 | -€28,223 | |
| Amounts payable | 17/49 | €98,065 | €106,918 | +€8,853 | +9.0% |
| Amounts payable after more than one year | 17 | €41,304 | €32,590 | -€8,714 | -21.1% |
| Financial debts | 170/4 | €41,304 | €32,590 | -€8,714 | -21.1% |
| Amounts payable within one year | 42/48 | €56,761 | €74,328 | +€17,567 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €8,267 | €8,714 | +€446 | +5.4% |
| Trade debts | 44 | €718 | €2,480 | +€1,762 | +245.4% |
| Suppliers | 440/4 | €718 | €2,480 | +€1,762 | +245.4% |
| Taxes, remuneration and social security | 45 | €3,365 | €4,513 | +€1,147 | +34.1% |
| Taxes | 450/3 | €3,365 | €4,513 | +€1,147 | +34.1% |
| Other amounts payable | 47/48 | €44,410 | €58,621 | +€14,211 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,081 | €10,081 | +€3,000 | +42.4% |
| Other operating charges | 640/8 | €1,306 | €532 | -€775 | -59.3% |
| Non-recurring operating charges | 66A | - | €8,414 | +€8,414 | |
| Gross operating margin | 9900 | €15,428 | €12,504 | -€2,923 | -18.9% |
| Operating profit (loss) | 9901 | €7,040 | -€6,522 | -€13,563 | |
| Financial income | 75/76B | €0 | €116 | +€116 | |
| Recurring financial income | 75 | €0 | €116 | +€116 | |
| Financial charges | 65/66B | €1,968 | €24,072 | +€22,104 | +1123.2% |
| Recurring financial charges | 65 | €1,968 | €2,487 | +€519 | +26.4% |
| Non-recurring financial charges | 66B | - | €21,585 | +€21,585 | |
| Profit (loss) for the period before taxes | 9903 | €5,072 | -€30,479 | -€35,551 | |
| Income taxes | 67/77 | €733 | €44 | -€689 | -94.0% |
| Profit (loss) for the period | 9904 | €4,339 | -€30,523 | -€34,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,339 | -€30,523 | -€34,862 |
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 6 October 2026 via checked.be.