WFS: 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.
WFS
Largest movements
- Receivables within one year +€33,350
up €33,350 (+62.0%), from €53,786 to €87,136
of which Trade receivables: +€33,348
- Current investments +€24,993
up €24,993 (+7.9%), from €318,243 to €343,236
- Cash -€19,811
down €19,811 (-48.3%), from €41,001 to €21,190
mainly Other debts (-€35,935) and Receivables within one year (-€33,350)
- Reserves +€51,871
up €51,871 (+19.2%), from €269,650 to €321,522
of which Distributable reserves: +€51,871
- Other debts -€35,935
down €35,935 (-92.8%), from €38,733 to €2,798
- Trade debts +€12,435
up €12,435 (+54.2%), from €22,942 to €35,377
- Tax, wage and social debts +€8,242
up €8,242 (+36.9%), from €22,357 to €30,599
of which Taxes: +€8,242
- Gross operating margin +€22,714
up €22,714 (+41.7%), from €54,476 to €77,190
- Taxes +€13,164
up €13,164 (+66.0%), from €19,954 to €33,117
- Financial income -€1,248
down €1,248 (-10.8%), from €11,508 to €10,261
- Other operating charges +€904
up €904 (+162.7%), from €555 to €1,459
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 | €415,683 | €452,296 | +€36,613 | +8.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €415,683 | €452,296 | +€36,613 | +8.8% |
| Amounts receivable within one year | 40/41 | €53,786 | €87,136 | +€33,350 | +62.0% |
| Trade receivables | 40 | €53,786 | €87,134 | +€33,348 | +62.0% |
| Other amounts receivable | 41 | €0 | €3 | +€3 | |
| Current investments | 50/53 | €318,243 | €343,236 | +€24,993 | +7.9% |
| Cash at bank and in hand | 54/58 | €41,001 | €21,190 | -€19,811 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,653 | €733 | -€1,920 | -72.4% |
| Total equity and liabilities | 10/49 | €415,683 | €452,296 | +€36,613 | +8.8% |
| Equity | 10/15 | €331,650 | €383,522 | +€51,871 | +15.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €269,650 | €321,522 | +€51,871 | +19.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €263,450 | €315,322 | +€51,871 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,032 | €68,774 | -€15,258 | -18.2% |
| Amounts payable within one year | 42/48 | €84,032 | €68,774 | -€15,258 | -18.2% |
| Trade debts | 44 | €22,942 | €35,377 | +€12,435 | +54.2% |
| Suppliers | 440/4 | €22,942 | €35,377 | +€12,435 | +54.2% |
| Taxes, remuneration and social security | 45 | €22,357 | €30,599 | +€8,242 | +36.9% |
| Taxes | 450/3 | €21,148 | €29,390 | +€8,242 | +39.0% |
| Remuneration and social security | 454/9 | €1,209 | €1,209 | = | 0.0% |
| Other amounts payable | 47/48 | €38,733 | €2,798 | -€35,935 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €555 | €1,459 | +€904 | +162.7% |
| Gross operating margin | 9900 | €54,476 | €77,190 | +€22,714 | +41.7% |
| Operating profit (loss) | 9901 | €53,921 | €75,731 | +€21,810 | +40.4% |
| Financial income | 75/76B | €11,508 | €10,261 | -€1,248 | -10.8% |
| Recurring financial income | 75 | €11,508 | €10,261 | -€1,248 | -10.8% |
| Financial charges | 65/66B | €1,355 | €1,003 | -€352 | -26.0% |
| Recurring financial charges | 65 | €1,355 | €1,003 | -€352 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €64,074 | €84,989 | +€20,915 | +32.6% |
| Income taxes | 67/77 | €19,954 | €33,117 | +€13,164 | +66.0% |
| Profit (loss) for the period | 9904 | €44,120 | €51,871 | +€7,751 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,120 | €51,871 | +€7,751 | +17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.