Wethink: 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.
Wethink
Largest movements
- Receivables within one year -€73,354
down €73,354 (-44.1%), from €166,257 to €92,902
- Tangible fixed assets -€31,131
down €31,131 (-76.3%), from €40,811 to €9,681
of which Leasing and similar rights: -€29,759
- Cash -€24,764
down €24,764 (-40.3%), from €61,431 to €36,667
mainly Net result for the year (-€97,675) and Tax, wage and social debts (-€32,161)
- Intangible fixed assets -€6,223
down €6,223 (-33.8%), from €18,390 to €12,168
- Deferred charges and accrued income +€3,788
up €3,788 (+39.1%), from €9,682 to €13,470
- Profit (loss) carried forward -€97,675
down €97,675 (-77.9%), from €125,461 to €27,786
- Tax, wage and social debts -€32,161
down €32,161 (-77.0%), from €41,754 to €9,593
of which Taxes: -€16,618
- Trade debts +€3,858
up €3,858 (+9.2%), from €42,040 to €45,898
- Debts after one year -€3,469
down €3,469 (-8.5%), from €40,637 to €37,168
- Gross operating margin -€186,577
down €186,577 (-74.9%), from €248,945 to €62,368
- Staff costs -€39,689
down €39,689 (-22.8%), from €174,015 to €134,326
- Taxes -€10,018
down €10,018, from €9,747 to -€271
- Depreciation -€9,252
down €9,252 (-39.9%), from €23,189 to €13,937
- Other operating charges +€5,573
up €5,573 (+559.0%), from €997 to €6,571
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 | €296,572 | €164,888 | -€131,684 | -44.4% |
| Fixed assets | 21/28 | €59,202 | €21,848 | -€37,354 | -63.1% |
| Intangible fixed assets | 21 | €18,390 | €12,168 | -€6,223 | -33.8% |
| Tangible fixed assets | 22/27 | €40,811 | €9,681 | -€31,131 | -76.3% |
| Plant, machinery and equipment | 23 | €4,398 | €2,331 | -€2,067 | -47.0% |
| Furniture and vehicles | 24 | €3,534 | €2,633 | -€901 | -25.5% |
| Leasing and similar rights | 25 | €32,828 | €3,070 | -€29,759 | -90.6% |
| Other tangible fixed assets | 26 | €51 | - | -€51 | |
| Assets under construction and advance payments | 27 | - | €1,647 | +€1,647 | |
| Current assets | 29/58 | €237,370 | €143,040 | -€94,330 | -39.7% |
| Amounts receivable within one year | 40/41 | €166,257 | €92,902 | -€73,354 | -44.1% |
| Trade receivables | 40 | €166,257 | €92,902 | -€73,354 | -44.1% |
| Cash at bank and in hand | 54/58 | €61,431 | €36,667 | -€24,764 | -40.3% |
| Deferred charges and accrued income | 490/1 | €9,682 | €13,470 | +€3,788 | +39.1% |
| Total equity and liabilities | 10/49 | €296,572 | €164,888 | -€131,684 | -44.4% |
| Equity | 10/15 | €145,921 | €48,246 | -€97,675 | -66.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,461 | €27,786 | -€97,675 | -77.9% |
| Amounts payable | 17/49 | €150,651 | €116,642 | -€34,009 | -22.6% |
| Amounts payable after more than one year | 17 | €40,637 | €37,168 | -€3,469 | -8.5% |
| Financial debts | 170/4 | €40,637 | €37,168 | -€3,469 | -8.5% |
| Amounts payable within one year | 42/48 | €109,996 | €79,474 | -€30,522 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €26,202 | €23,983 | -€2,219 | -8.5% |
| Trade debts | 44 | €42,040 | €45,898 | +€3,858 | +9.2% |
| Suppliers | 440/4 | €42,040 | €45,898 | +€3,858 | +9.2% |
| Taxes, remuneration and social security | 45 | €41,754 | €9,593 | -€32,161 | -77.0% |
| Taxes | 450/3 | €20,991 | €4,373 | -€16,618 | -79.2% |
| Remuneration and social security | 454/9 | €20,763 | €5,220 | -€15,543 | -74.9% |
| Accrued charges and deferred income | 492/3 | €18 | - | -€18 | |
| Remuneration, social security and pensions | 62 | €174,015 | €134,326 | -€39,689 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,189 | €13,937 | -€9,252 | -39.9% |
| Other operating charges | 640/8 | €997 | €6,571 | +€5,573 | +559.0% |
| Non-recurring operating charges | 66A | - | €132 | +€132 | |
| Gross operating margin | 9900 | €248,945 | €62,368 | -€186,577 | -74.9% |
| Operating profit (loss) | 9901 | €50,744 | -€92,597 | -€143,341 | |
| Financial charges | 65/66B | €4,847 | €5,349 | +€501 | +10.3% |
| Recurring financial charges | 65 | €4,847 | €5,349 | +€501 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €45,896 | -€97,946 | -€143,842 | |
| Income taxes | 67/77 | €9,747 | -€271 | -€10,018 | |
| Profit (loss) for the period | 9904 | €36,149 | -€97,675 | -€133,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,149 | -€97,675 | -€133,824 |
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 11 October 2026 via checked.be.