WG: 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.
WG
Largest movements
- Tangible fixed assets -€11,337
down €11,337 (-20.6%), from €55,160 to €43,824
- Cash +€8,483
up €8,483 (+107.3%), from €7,909 to €16,392
mainly Depreciation (+€11,337) and Trade debts (+€7,964)
- Other debts -€27,467
down €27,467 (-47.3%), from €58,014 to €30,547
- Trade debts +€7,964
up €7,964 (+2154.4%), from €370 to €8,334
- Reserves +€6,945
up €6,945 (+76.1%), from €9,128 to €16,073
- Tax, wage and social debts +€6,435
up €6,435 (+253.9%), from €2,534 to €8,969
of which Taxes: +€6,435
- Accrued charges and deferred income +€3,530
new in 2025: €3,530
- Depreciation +€10,485
up €10,485 (+1231.2%), from €852 to €11,337
- Gross operating margin +€9,240
up €9,240 (+53.4%), from €17,298 to €26,538
- Financial charges +€3,536
up €3,536 (+2233.4%), from €158 to €3,694
- Other operating charges +€839
up €839 (+274.0%), from €306 to €1,145
- Taxes -€681
down €681 (-16.5%), from €4,138 to €3,457
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 | €73,045 | €70,453 | -€2,593 | -3.5% |
| Fixed assets | 21/28 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Tangible fixed assets | 22/27 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Furniture and vehicles | 24 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Current assets | 29/58 | €17,885 | €26,629 | +€8,744 | +48.9% |
| Amounts receivable within one year | 40/41 | €9,480 | €9,680 | +€200 | +2.1% |
| Trade receivables | 40 | €8,470 | €9,680 | +€1,210 | +14.3% |
| Other amounts receivable | 41 | €1,010 | €0 | -€1,010 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,909 | €16,392 | +€8,483 | +107.3% |
| Deferred charges and accrued income | 490/1 | €497 | €557 | +€61 | +12.3% |
| Total equity and liabilities | 10/49 | €73,045 | €70,453 | -€2,593 | -3.5% |
| Equity | 10/15 | €12,128 | €19,073 | +€6,945 | +57.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,128 | €16,073 | +€6,945 | +76.1% |
| Distributable reserves | 133 | €9,128 | €16,073 | +€6,945 | +76.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €60,918 | €51,380 | -€9,538 | -15.7% |
| Amounts payable within one year | 42/48 | €60,918 | €47,850 | -€13,068 | -21.5% |
| Trade debts | 44 | €370 | €8,334 | +€7,964 | +2154.4% |
| Suppliers | 440/4 | €370 | €8,334 | +€7,964 | +2154.4% |
| Taxes, remuneration and social security | 45 | €2,534 | €8,969 | +€6,435 | +253.9% |
| Taxes | 450/3 | €2,534 | €8,969 | +€6,435 | +253.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58,014 | €30,547 | -€27,467 | -47.3% |
| Accrued charges and deferred income | 492/3 | - | €3,530 | +€3,530 | |
| Non-recurring operating income | 76A | €9,158 | €0 | -€9,158 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €11,337 | +€10,485 | +1231.2% |
| Other operating charges | 640/8 | €306 | €1,145 | +€839 | +274.0% |
| Gross operating margin | 9900 | €17,298 | €26,538 | +€9,240 | +53.4% |
| Operating profit (loss) | 9901 | €16,140 | €14,055 | -€2,084 | -12.9% |
| Financial income | 75/76B | €56 | €41 | -€15 | -26.6% |
| Recurring financial income | 75 | €56 | €41 | -€15 | -26.6% |
| Financial charges | 65/66B | €158 | €3,694 | +€3,536 | +2233.4% |
| Recurring financial charges | 65 | €158 | €3,694 | +€3,536 | +2233.4% |
| Profit (loss) for the period before taxes | 9903 | €16,037 | €10,402 | -€5,635 | -35.1% |
| Income taxes | 67/77 | €4,138 | €3,457 | -€681 | -16.5% |
| Profit (loss) for the period | 9904 | €11,899 | €6,945 | -€4,954 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,899 | €6,945 | -€4,954 | -41.6% |
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 12 October 2026 via checked.be.