WF-Projects: 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.
WF-Projects
Largest movements
- Tangible fixed assets -€24,643
down €24,643 (-33.8%), from €72,896 to €48,253
of which Plant, machinery and equipment: -€20,475
- Receivables within one year +€11,659
up €11,659 (+22.5%), from €51,771 to €63,430
of which Other amounts receivable: +€17,033
- Financial fixed assets -€5,586
down €5,586 (-99.8%), from €5,600 to €14
- Deferred charges and accrued income +€4,175
new in 2022: €4,175
- Current portion of long-term debt -€20,686
down €20,686 (-59.0%), from €35,079 to €14,393
- Debts after one year +€7,668
up €7,668 (+19.5%), from €39,345 to €47,013
- Tax, wage and social debts -€5,216
down €5,216 (-73.9%), from €7,055 to €1,839
of which Taxes: -€3,216
- Other debts -€4,721
down €4,721 (-73.5%), from €6,424 to €1,703
- Trade debts +€4,412
up €4,412 (+5.1%), from €85,894 to €90,306
- Staff costs +€24,262
up €24,262 (+2515.6%), from €964 to €25,227
- Gross operating margin +€6,980
up €6,980 (+13.3%), from €52,465 to €59,444
- Financial charges +€2,966
up €2,966 (+186.2%), from €1,593 to €4,559
- Other operating charges -€1,097
down €1,097 (-45.8%), from €2,395 to €1,298
- Depreciation +€921
up €921 (+3.9%), from €23,722 to €24,643
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,695 | €115,872 | -€14,823 | -11.3% |
| Fixed assets | 21/28 | €78,496 | €48,266 | -€30,229 | -38.5% |
| Tangible fixed assets | 22/27 | €72,896 | €48,253 | -€24,643 | -33.8% |
| Plant, machinery and equipment | 23 | €60,339 | €39,864 | -€20,475 | -33.9% |
| Furniture and vehicles | 24 | €12,557 | €8,389 | -€4,168 | -33.2% |
| Financial fixed assets | 28 | €5,600 | €14 | -€5,586 | -99.8% |
| Current assets | 29/58 | €52,199 | €67,606 | +€15,407 | +29.5% |
| Amounts receivable within one year | 40/41 | €51,771 | €63,430 | +€11,659 | +22.5% |
| Trade receivables | 40 | €27,659 | €22,285 | -€5,374 | -19.4% |
| Other amounts receivable | 41 | €24,112 | €41,145 | +€17,033 | +70.6% |
| Cash at bank and in hand | 54/58 | €429 | €0 | -€428 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €4,175 | +€4,175 | |
| Total equity and liabilities | 10/49 | €130,695 | €115,872 | -€14,823 | -11.3% |
| Equity | 10/15 | -€43,102 | -€39,383 | +€3,719 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,102 | -€59,383 | +€3,719 | +5.9% |
| Amounts payable | 17/49 | €173,797 | €155,255 | -€18,541 | -10.7% |
| Amounts payable after more than one year | 17 | €39,345 | €47,013 | +€7,668 | +19.5% |
| Financial debts | 170/4 | €39,345 | €47,013 | +€7,668 | +19.5% |
| Amounts payable within one year | 42/48 | €134,452 | €108,242 | -€26,210 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €35,079 | €14,393 | -€20,686 | -59.0% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €85,894 | €90,306 | +€4,412 | +5.1% |
| Suppliers | 440/4 | €85,894 | €90,306 | +€4,412 | +5.1% |
| Taxes, remuneration and social security | 45 | €7,055 | €1,839 | -€5,216 | -73.9% |
| Taxes | 450/3 | €5,055 | €1,839 | -€3,216 | -63.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €6,424 | €1,703 | -€4,721 | -73.5% |
| Remuneration, social security and pensions | 62 | €964 | €25,227 | +€24,262 | +2515.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,722 | €24,643 | +€921 | +3.9% |
| Other operating charges | 640/8 | €2,395 | €1,298 | -€1,097 | -45.8% |
| Gross operating margin | 9900 | €52,465 | €59,444 | +€6,980 | +13.3% |
| Operating profit (loss) | 9901 | €25,383 | €8,276 | -€17,107 | -67.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,593 | €4,559 | +€2,966 | +186.2% |
| Recurring financial charges | 65 | €1,593 | €4,559 | +€2,966 | +186.2% |
| Profit (loss) for the period before taxes | 9903 | €23,790 | €3,719 | -€20,071 | -84.4% |
| Profit (loss) for the period | 9904 | €23,790 | €3,719 | -€20,071 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,790 | €3,719 | -€20,071 | -84.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.