WF2creat: 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.
WF2creat
Largest movements
- Stocks and contracts +€243,412
new in 2025: €243,412
- Receivables within one year -€46,285
down €46,285 (-47.9%), from €96,666 to €50,381
of which Other amounts receivable: -€26,565
- Cash +€7,210
up €7,210 (+139.5%), from €5,168 to €12,378
mainly Short-term financial debts (+€143,500) and Other debts (+€69,464)
- Deferred charges and accrued income +€6,227
up €6,227 (+498.2%), from €1,250 to €7,477
- Short-term financial debts +€143,500
new in 2025: €143,500
- Other debts +€69,464
up €69,464 (+235.5%), from €29,495 to €98,959
- Reserves -€19,223
down €19,223 (-39.3%), from €48,970 to €29,747
- Trade debts +€15,218
up €15,218 (+3869.7%), from €393 to €15,611
- Gross operating margin -€13,361
down €13,361 (-27.2%), from €49,196 to €35,835
- Taxes -€2,950
down €2,950 (-30.6%), from €9,627 to €6,677
- Financial charges +€1,020
up €1,020 (+44.9%), from €2,272 to €3,292
- Other operating charges +€525
up €525 (+86.1%), from €610 to €1,135
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 | €108,504 | €316,915 | +€208,411 | +192.1% |
| Fixed assets | 21/28 | €5,420 | €3,267 | -€2,153 | -39.7% |
| Tangible fixed assets | 22/27 | €5,420 | €3,267 | -€2,153 | -39.7% |
| Plant, machinery and equipment | 23 | €833 | €533 | -€300 | -36.0% |
| Furniture and vehicles | 24 | €4,588 | €2,734 | -€1,853 | -40.4% |
| Current assets | 29/58 | €103,084 | €313,648 | +€210,564 | +204.3% |
| Stocks and contracts in progress | 3 | - | €243,412 | +€243,412 | |
| Contracts in progress | 37 | - | €243,412 | +€243,412 | |
| Amounts receivable within one year | 40/41 | €96,666 | €50,381 | -€46,285 | -47.9% |
| Trade receivables | 40 | €41,720 | €22,000 | -€19,720 | -47.3% |
| Other amounts receivable | 41 | €54,946 | €28,381 | -€26,565 | -48.3% |
| Cash at bank and in hand | 54/58 | €5,168 | €12,378 | +€7,210 | +139.5% |
| Deferred charges and accrued income | 490/1 | €1,250 | €7,477 | +€6,227 | +498.2% |
| Total equity and liabilities | 10/49 | €108,504 | €316,915 | +€208,411 | +192.1% |
| Equity | 10/15 | €67,570 | €48,347 | -€19,223 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,970 | €29,747 | -€19,223 | -39.3% |
| Distributable reserves | 133 | €48,970 | €29,747 | -€19,223 | -39.3% |
| Amounts payable | 17/49 | €40,934 | €268,568 | +€227,634 | +556.1% |
| Amounts payable within one year | 42/48 | €34,634 | €262,268 | +€227,634 | +657.3% |
| Financial debts | 43 | - | €143,500 | +€143,500 | |
| Credit institutions | 430/8 | - | €143,500 | +€143,500 | |
| Trade debts | 44 | €393 | €15,611 | +€15,218 | +3869.7% |
| Suppliers | 440/4 | €393 | €15,611 | +€15,218 | +3869.7% |
| Taxes, remuneration and social security | 45 | €4,745 | €4,198 | -€547 | -11.5% |
| Taxes | 450/3 | €4,745 | €4,198 | -€547 | -11.5% |
| Other amounts payable | 47/48 | €29,495 | €98,959 | +€69,464 | +235.5% |
| Accrued charges and deferred income | 492/3 | €6,300 | €6,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,153 | €2,153 | = | 0.0% |
| Other operating charges | 640/8 | €610 | €1,135 | +€525 | +86.1% |
| Gross operating margin | 9900 | €49,196 | €35,835 | -€13,361 | -27.2% |
| Operating profit (loss) | 9901 | €46,432 | €32,547 | -€13,886 | -29.9% |
| Financial charges | 65/66B | €2,272 | €3,292 | +€1,020 | +44.9% |
| Recurring financial charges | 65 | €2,272 | €3,292 | +€1,020 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €44,160 | €29,254 | -€14,906 | -33.8% |
| Income taxes | 67/77 | €9,627 | €6,677 | -€2,950 | -30.6% |
| Profit (loss) for the period | 9904 | €34,533 | €22,577 | -€11,956 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,533 | €22,577 | -€11,956 | -34.6% |
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 30 September 2026 via checked.be.