WG 625: 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 625
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-99.8%), from €2.0m to €3,060
of which Trade receivables: -€2.0m
- Tangible fixed assets -€37,623
down €37,623 (-4.6%), from €816,532 to €778,909
of which Other tangible fixed assets: -€37,623
- Tax, wage and social debts -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Debts after one year -€124,145
down €124,145 (-7.6%), from €1.6m to €1.5m
- Gross operating margin +€99,806
up €99,806 (+797%), from €12,527 to €112,333
- Financial charges +€30,139
up €30,139 (+111%), from €27,167 to €57,306
- Depreciation -€15,545
down €15,545 (-29.2%), from €53,168 to €37,623
- Other operating charges -€7,267
down €7,267 (-87.1%), from €8,341 to €1,073
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.
Derived cash bridge
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 | €2,886,464 | €852,013 | -€2.0m | -70.5% |
| Fixed assets | 21/28 | €816,532 | €778,909 | -€37,623 | -4.6% |
| Tangible fixed assets | 22/27 | €816,532 | €778,909 | -€37,623 | -4.6% |
| Land and buildings | 22 | €420,500 | €420,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €396,032 | €358,409 | -€37,623 | -9.5% |
| Current assets | 29/58 | €2,069,932 | €73,104 | -€2.0m | -96.5% |
| Amounts receivable within one year | 40/41 | €1,973,599 | €3,060 | -€2.0m | -99.8% |
| Trade receivables | 40 | €1,973,599 | €187 | -€2.0m | -100.0% |
| Other amounts receivable | 41 | - | €2,873 | +€2,873 | |
| Cash at bank and in hand | 54/58 | €96,333 | €70,044 | -€26,289 | -27.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,886,464 | €852,013 | -€2.0m | -70.5% |
| Equity | 10/15 | -€1,082,005 | -€1,065,560 | +€16,445 | +1.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,332,005 | -€1,315,560 | +€16,445 | +1.2% |
| Amounts payable | 17/49 | €3,968,468 | €1,917,572 | -€2.1m | -51.7% |
| Amounts payable after more than one year | 17 | €1,624,622 | €1,500,477 | -€124,145 | -7.6% |
| Financial debts | 170/4 | €1,624,622 | €1,500,477 | -€124,145 | -7.6% |
| Amounts payable within one year | 42/48 | €2,306,346 | €374,595 | -€1.9m | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €105,727 | €124,145 | +€18,418 | +17.4% |
| Trade debts | 44 | €1,489 | €14,353 | +€12,863 | +864% |
| Suppliers | 440/4 | €1,489 | €14,353 | +€12,863 | +864% |
| Taxes, remuneration and social security | 45 | €1,969,744 | €0 | -€2.0m | -100% |
| Taxes | 450/3 | €1,969,744 | €0 | -€2.0m | -100% |
| Other amounts payable | 47/48 | €229,385 | €236,097 | +€6,713 | +2.9% |
| Accrued charges and deferred income | 492/3 | €37,500 | €42,500 | +€5,000 | +13.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,168 | €37,623 | -€15,545 | -29.2% |
| Other operating charges | 640/8 | €8,341 | €1,073 | -€7,267 | -87.1% |
| Non-recurring operating charges | 66A | €1,252,991 | €0 | -€1.3m | -100% |
| Gross operating margin | 9900 | €12,527 | €112,333 | +€99,806 | +797% |
| Operating profit (loss) | 9901 | -€1,301,974 | €73,636 | +€1.4m | |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €27,167 | €57,306 | +€30,139 | +111% |
| Recurring financial charges | 65 | €27,167 | €57,306 | +€30,139 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€1,329,141 | €16,445 | +€1.3m | |
| Profit (loss) for the period | 9904 | -€1,329,141 | €16,445 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,329,141 | €16,445 | +€1.3m |
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 26 October 2026 via checked.be.