WEB MANAGEMENT: 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.
WEB MANAGEMENT
Largest movements
- Receivables within one year +€370,026
up €370,026 (+247.5%), from €149,503 to €519,529
of which Other amounts receivable: +€354,901
- Tangible fixed assets -€29,362
down €29,362 (-17.0%), from €173,110 to €143,748
- Other debts +€277,186
up €277,186 (+51.8%), from €534,959 to €812,144
- Debts after one year -€118,629
down €118,629 (-11.7%), from €1.0m to €891,314
- Profit (loss) carried forward +€109,410
up €109,410, from -€102,329 to €7,081
- Current portion of long-term debt +€71,275
up €71,275 (+124.3%), from €57,355 to €128,629
- Tax, wage and social debts +€21,714
up €21,714 (+303.1%), from €7,164 to €28,878
- Gross operating margin +€124,202
up €124,202 (+146.7%), from €84,659 to €208,861
- Taxes +€33,623
up €33,623 (+14009.6%), from €240 to €33,863
- Other operating charges -€18,234
down €18,234 (-89.6%), from €20,352 to €2,118
- Financial charges +€16,666
up €16,666 (+95.5%), from €17,448 to €34,114
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 | €1,547,658 | €1,901,212 | +€353,554 | +22.8% |
| Fixed assets | 21/28 | €1,383,110 | €1,353,748 | -€29,362 | -2.1% |
| Tangible fixed assets | 22/27 | €173,110 | €143,748 | -€29,362 | -17.0% |
| Land and buildings | 22 | €173,110 | €143,748 | -€29,362 | -17.0% |
| Financial fixed assets | 28 | €1,210,000 | €1,210,000 | = | 0.0% |
| Current assets | 29/58 | €164,548 | €547,464 | +€382,915 | +232.7% |
| Amounts receivable within one year | 40/41 | €149,503 | €519,529 | +€370,026 | +247.5% |
| Trade receivables | 40 | - | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €149,503 | €504,404 | +€354,901 | +237.4% |
| Cash at bank and in hand | 54/58 | €10,045 | €27,934 | +€17,889 | +178.1% |
| Deferred charges and accrued income | 490/1 | €5,000 | - | -€5,000 | |
| Total equity and liabilities | 10/49 | €1,547,658 | €1,901,212 | +€353,554 | +22.8% |
| Equity | 10/15 | -€70,687 | €38,723 | +€109,410 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,442 | €25,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,173 | €1,173 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,173 | €1,173 | = | 0.0% |
| Distributable reserves | 133 | €24,269 | €24,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,329 | €7,081 | +€109,410 | |
| Amounts payable | 17/49 | €1,618,345 | €1,862,488 | +€244,144 | +15.1% |
| Amounts payable after more than one year | 17 | €1,009,944 | €891,314 | -€118,629 | -11.7% |
| Financial debts | 170/4 | €1,009,944 | €891,314 | -€118,629 | -11.7% |
| Amounts payable within one year | 42/48 | €608,401 | €971,174 | +€362,773 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €57,355 | €128,629 | +€71,275 | +124.3% |
| Trade debts | 44 | €8,924 | €1,523 | -€7,401 | -82.9% |
| Suppliers | 440/4 | €8,924 | €1,523 | -€7,401 | -82.9% |
| Taxes, remuneration and social security | 45 | €7,164 | €28,878 | +€21,714 | +303.1% |
| Taxes | 450/3 | €7,164 | €28,878 | +€21,714 | +303.1% |
| Other amounts payable | 47/48 | €534,959 | €812,144 | +€277,186 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,362 | €29,362 | = | 0.0% |
| Other operating charges | 640/8 | €20,352 | €2,118 | -€18,234 | -89.6% |
| Gross operating margin | 9900 | €84,659 | €208,861 | +€124,202 | +146.7% |
| Operating profit (loss) | 9901 | €34,945 | €177,382 | +€142,436 | +407.6% |
| Financial income | 75/76B | €56 | €5 | -€51 | -91.0% |
| Recurring financial income | 75 | €56 | €5 | -€51 | -91.0% |
| Financial charges | 65/66B | €17,448 | €34,114 | +€16,666 | +95.5% |
| Recurring financial charges | 65 | €17,448 | €34,114 | +€16,666 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €17,553 | €143,273 | +€125,720 | +716.2% |
| Income taxes | 67/77 | €240 | €33,863 | +€33,623 | +14009.6% |
| Profit (loss) for the period | 9904 | €17,313 | €109,410 | +€92,097 | +532.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,313 | €109,410 | +€92,097 | +532.0% |
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 5 October 2026 via checked.be.