WEBPLICATIONS: 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.
What changed
WEBPLICATIONS
NACE 68.110, Buying and selling of own real estate
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€35.9m
31-12-2024 · €274,710-€36.2m
Equity
-€29.8m
31-12-2024 · €6.1m-€35.9m
Cash
€42,517
31-12-2024 · €115,717-€73,200
Balance sheet total
€80.1m
31-12-2024 · €62.4m+€17.8m
Largest movements
Assets
- Financial fixed assets +€17.8m
up €17.8m (+28.6%), from €62.2m to €80.0m
of which Affiliated companies: +€40.8m
Equity and liabilities
- Other debts +€53.5m
up €53.5m (+96.6%), from €55.4m to €108.8m
- Profit (loss) carried forward -€35.9m
down €35.9m (-656.5%), from -€5.5m to -€41.4m
Income statement
- Financial charges +€35.5m
up €35.5m (+1556.1%), from €2.3m to €37.8m
of which Non-recurring financial charges: +€34.9m
- Financial income -€2.0m
down €2.0m (-65.3%), from €3.0m to €1.0m
of which Non-recurring financial income: -€2.0m
- Services and other goods -€1.0m
down €1.0m (-81.9%), from €1.3m to €232,249
- Turnover +€60,536
up €60,536 (+13.5%), from €449,823 to €510,359
- Staff costs +€32,422
up €32,422 (+7.7%), from €423,401 to €455,824
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€274,710
Turnover
+€60,536
Other operating income
+€32,170
Services and other goods
+€1.0m
Staff costs
-€32,422
Depreciation
-€20
Other operating charges
-€224
Other operating items
+€139,415
Financial income
-€2.0m
Financial charges
-€35.5m
Taxes
+€90
Result 31-12-2025
-€35.9m
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€17.7m
Investment
-€17.8m
Financing
€0
Cash 31-12-2024
€115,717
From operations (derived)
+€17.7m
Net result for the year
-€35.9m
Depreciation
+€123
Smaller working-capital items
-€168,747
Other debts
+€53.5m
Accrued charges and deferred income
+€333,776
Investment (derived)
-€17.8m
Investment in fixed assets (net)
-€17.8m
Cash 31-12-2025
€42,517
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,370,776 | €80,122,661 | +€17.8m | +28.5% |
| Fixed assets | 21/28 | €62,187,766 | €79,960,723 | +€17.8m | +28.6% |
| Tangible fixed assets | 22/27 | €1,131 | €1,007 | -€123 | -10.9% |
| Plant, machinery and equipment | 23 | €1,131 | €1,007 | -€123 | -10.9% |
| Financial fixed assets | 28 | €62,186,635 | €79,959,715 | +€17.8m | +28.6% |
| Affiliated companies | 280/1 | €15,084,575 | €55,884,795 | +€40.8m | +270.5% |
| Participating interests | 280 | €15,084,575 | €55,884,795 | +€40.8m | +270.5% |
| Companies linked by participating interests | 282/3 | €44,102,060 | €22,574,920 | -€21.5m | -48.8% |
| Participating interests | 282 | €40,896,951 | €18,510,679 | -€22.4m | -54.7% |
| Amounts receivable | 283 | €3,205,109 | €4,064,241 | +€859,132 | +26.8% |
| Other financial fixed assets | 284/8 | €3,000,000 | €1,500,000 | -€1.5m | -50.0% |
| Shares | 284 | €3,000,000 | €1,500,000 | -€1.5m | -50.0% |
| Current assets | 29/58 | €183,010 | €161,938 | -€21,072 | -11.5% |
| Amounts receivable within one year | 40/41 | €67,293 | €117,746 | +€50,452 | +75.0% |
| Trade receivables | 40 | €49,603 | €43,642 | -€5,961 | -12.0% |
| Other amounts receivable | 41 | €17,691 | €74,104 | +€56,413 | +318.9% |
| Cash at bank and in hand | 54/58 | €115,717 | €42,517 | -€73,200 | -63.3% |
| Deferred charges and accrued income | 490/1 | - | €1,676 | +€1,676 | |
| Total equity and liabilities | 10/49 | €62,370,776 | €80,122,661 | +€17.8m | +28.5% |
| Equity | 10/15 | €6,113,416 | -€29,819,712 | -€35.9m | |
| Contributions | 10/11 | €11,587,000 | €11,587,000 | = | 0.0% |
| Capital | 10 | €11,587,000 | €11,587,000 | = | 0.0% |
| Issued capital | 100 | €11,587,000 | €11,587,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,473,584 | -€41,406,712 | -€35.9m | -656.5% |
| Amounts payable | 17/49 | €56,257,360 | €109,942,373 | +€53.7m | +95.4% |
| Amounts payable within one year | 42/48 | €55,676,306 | €109,027,543 | +€53.4m | +95.8% |
| Trade debts | 44 | €151,757 | €31,675 | -€120,082 | -79.1% |
| Suppliers | 440/4 | €151,757 | €31,675 | -€120,082 | -79.1% |
| Taxes, remuneration and social security | 45 | €150,968 | €154,431 | +€3,463 | +2.3% |
| Taxes | 450/3 | €14,839 | €16,805 | +€1,966 | +13.3% |
| Remuneration and social security | 454/9 | €136,130 | €137,626 | +€1,497 | +1.1% |
| Other amounts payable | 47/48 | €55,373,581 | €108,841,437 | +€53.5m | +96.6% |
| Accrued charges and deferred income | 492/3 | €581,054 | €914,830 | +€333,776 | +57.4% |
| Operating income | 70/76A | €1,261,710 | €1,493,831 | +€232,121 | +18.4% |
| Turnover | 70 | €449,823 | €510,359 | +€60,536 | +13.5% |
| Other operating income | 74 | €92,976 | €125,146 | +€32,170 | +34.6% |
| Non-recurring operating income | 76A | €718,911 | €858,326 | +€139,415 | +19.4% |
| Operating charges | 60/66A | €1,705,085 | €688,564 | -€1.0m | -59.6% |
| Services and other goods | 61 | €1,281,437 | €232,249 | -€1.0m | -81.9% |
| Remuneration, social security and pensions | 62 | €423,401 | €455,824 | +€32,422 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €123 | +€20 | +19.6% |
| Other operating charges | 640/8 | €143 | €368 | +€224 | +156.7% |
| Operating profit (loss) | 9901 | -€443,374 | €805,267 | +€1.2m | |
| Financial income | 75/76B | €3,000,014 | €1,041,323 | -€2.0m | -65.3% |
| Recurring financial income | 75 | €14 | €69,519 | +€69,504 | +483676.8% |
| Income from current assets | 751 | - | €69,518 | +€69,518 | |
| Other financial income | 752/9 | €14 | €1 | -€13 | -93.6% |
| Non-recurring financial income | 76B | €3,000,000 | €971,804 | -€2.0m | -67.6% |
| Financial charges | 65/66B | €2,281,279 | €37,779,156 | +€35.5m | +1556.1% |
| Recurring financial charges | 65 | €2,281,279 | €2,929,156 | +€647,878 | +28.4% |
| Debt charges | 650 | €2,277,884 | €2,927,147 | +€649,262 | +28.5% |
| Other financial charges | 652/9 | €3,394 | €2,010 | -€1,385 | -40.8% |
| Non-recurring financial charges | 66B | - | €34,850,000 | +€34.9m | |
| Profit (loss) for the period before taxes | 9903 | €275,361 | -€35,932,566 | -€36.2m | |
| Income taxes | 67/77 | €652 | €562 | -€90 | -13.8% |
| Taxes | 670/3 | €652 | €562 | -€90 | -13.8% |
| Profit (loss) for the period | 9904 | €274,710 | -€35,933,128 | -€36.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €274,710 | -€35,933,128 | -€36.2m |
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 29 September 2026 via checked.be.