Web Trading Services: 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.
Web Trading Services
Largest movements
- Cash +€152,236
up €152,236 (+67.5%), from €225,673 to €377,909
mainly Receivables within one year (+€146,521) and Net result for the year (+€122,296)
- Receivables within one year -€146,521
down €146,521 (-34.4%), from €425,351 to €278,830
of which Trade receivables: -€185,701
- Tax, wage and social debts -€61,993
down €61,993 (-90.7%), from €68,352 to €6,358
of which Taxes: -€56,839
- Other debts +€59,367
up €59,367 (+69.5%), from €85,433 to €144,800
- Trade debts +€46,632
up €46,632 (+460%), from €10,139 to €56,771
- Profit (loss) carried forward -€22,504
down €22,504 (-5.2%), from €429,647 to €407,143
- Gross operating margin -€74,303
down €74,303 (-23.5%), from €316,246 to €241,943
- Staff costs -€37,580
down €37,580 (-45.6%), from €82,479 to €44,899
- Taxes -€19,255
down €19,255 (-30.1%), from €63,955 to €44,699
- Financial charges +€16,663
up €16,663 (+2,145%), from €777 to €17,440
- Financial income +€5,846
up €5,846 (+75.1%), from €7,785 to €13,631
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.
Derived cash bridge
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 | €1,494,110 | €1,515,612 | +€21,502 | +1.4% |
| Fixed assets | 21/28 | €61,921 | €73,722 | +€11,802 | +19.1% |
| Intangible fixed assets | 21 | €56,911 | €68,881 | +€11,970 | +21.0% |
| Tangible fixed assets | 22/27 | €1,710 | €1,542 | -€168 | -9.8% |
| Furniture and vehicles | 24 | €1,710 | €1,542 | -€168 | -9.8% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €1,432,189 | €1,441,889 | +€9,700 | +0.7% |
| Amounts receivable within one year | 40/41 | €425,351 | €278,830 | -€146,521 | -34.4% |
| Trade receivables | 40 | €425,351 | €239,650 | -€185,701 | -43.7% |
| Other amounts receivable | 41 | €0 | €39,180 | +€39,180 | |
| Current investments | 50/53 | €780,560 | €784,455 | +€3,895 | +0.5% |
| Cash at bank and in hand | 54/58 | €225,673 | €377,909 | +€152,236 | +67.5% |
| Deferred charges and accrued income | 490/1 | €605 | €695 | +€90 | +14.9% |
| Total equity and liabilities | 10/49 | €1,494,110 | €1,515,612 | +€21,502 | +1.4% |
| Equity | 10/15 | €1,330,187 | €1,307,683 | -€22,504 | -1.7% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €863,339 | €863,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,720 | €108,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Own shares acquired | 1312 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €754,619 | €754,619 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,647 | €407,143 | -€22,504 | -5.2% |
| Amounts payable | 17/49 | €163,923 | €207,929 | +€44,006 | +26.8% |
| Amounts payable within one year | 42/48 | €163,923 | €207,929 | +€44,006 | +26.8% |
| Trade debts | 44 | €10,139 | €56,771 | +€46,632 | +460% |
| Suppliers | 440/4 | €10,139 | €56,771 | +€46,632 | +460% |
| Taxes, remuneration and social security | 45 | €68,352 | €6,358 | -€61,993 | -90.7% |
| Taxes | 450/3 | €56,839 | €0 | -€56,839 | -100% |
| Remuneration and social security | 454/9 | €11,512 | €6,358 | -€5,154 | -44.8% |
| Other amounts payable | 47/48 | €85,433 | €144,800 | +€59,367 | +69.5% |
| Remuneration, social security and pensions | 62 | €82,479 | €44,899 | -€37,580 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,412 | €25,175 | -€1,237 | -4.7% |
| Other operating charges | 640/8 | €1,049 | €1,064 | +€15 | +1.4% |
| Gross operating margin | 9900 | €316,246 | €241,943 | -€74,303 | -23.5% |
| Operating profit (loss) | 9901 | €206,305 | €170,805 | -€35,501 | -17.2% |
| Financial income | 75/76B | €7,785 | €13,631 | +€5,846 | +75.1% |
| Recurring financial income | 75 | €7,785 | €13,631 | +€5,846 | +75.1% |
| Financial charges | 65/66B | €777 | €17,440 | +€16,663 | +2,145% |
| Recurring financial charges | 65 | €777 | €17,440 | +€16,663 | +2,145% |
| Profit (loss) for the period before taxes | 9903 | €213,314 | €166,995 | -€46,318 | -21.7% |
| Income taxes | 67/77 | €63,955 | €44,699 | -€19,255 | -30.1% |
| Profit (loss) for the period | 9904 | €149,359 | €122,296 | -€27,063 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €149,359 | €122,296 | -€27,063 | -18.1% |
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 19 October 2026 via checked.be.