WG CONCEPT: 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 CONCEPT
Largest movements
- Cash -€24,185
down €24,185 (-59.7%), from €40,534 to €16,349
mainly Receivables within one year (-€18,322) and Tax, wage and social debts (-€7,308)
- Receivables within one year +€18,322
up €18,322 (+34.6%), from €52,981 to €71,303
of which Trade receivables: +€18,390
- Tax, wage and social debts -€7,308
down €7,308 (-27.9%), from €26,196 to €18,888
of which Remuneration and social security: -€8,331
- Reserves +€2,273
up €2,273 (+4.3%), from €53,347 to €55,619
- Other debts -€974
down €974 (-65.0%), from €1,498 to €524
- Gross operating margin -€12,982
down €12,982 (-6.0%), from €217,990 to €205,008
- Taxes -€6,901
down €6,901 (-86.0%), from €8,027 to €1,126
- Write-downs +€3,055
no longer reported in 2025 (was -€3,055)
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 | €93,732 | €87,831 | -€5,901 | -6.3% |
| Fixed assets | 21/28 | €180 | €180 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €93,552 | €87,651 | -€5,901 | -6.3% |
| Amounts receivable within one year | 40/41 | €52,981 | €71,303 | +€18,322 | +34.6% |
| Trade receivables | 40 | €52,220 | €70,610 | +€18,390 | +35.2% |
| Other amounts receivable | 41 | €761 | €693 | -€68 | -8.9% |
| Cash at bank and in hand | 54/58 | €40,534 | €16,349 | -€24,185 | -59.7% |
| Deferred charges and accrued income | 490/1 | €37 | - | -€37 | |
| Total equity and liabilities | 10/49 | €93,732 | €87,831 | -€5,901 | -6.3% |
| Equity | 10/15 | €65,747 | €68,019 | +€2,273 | +3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,347 | €55,619 | +€2,273 | +4.3% |
| Distributable reserves | 133 | €53,347 | €55,619 | +€2,273 | +4.3% |
| Amounts payable | 17/49 | €27,985 | €19,812 | -€8,173 | -29.2% |
| Amounts payable within one year | 42/48 | €27,985 | €19,812 | -€8,173 | -29.2% |
| Trade debts | 44 | €291 | €400 | +€108 | +37.2% |
| Suppliers | 440/4 | €291 | €400 | +€108 | +37.2% |
| Taxes, remuneration and social security | 45 | €26,196 | €18,888 | -€7,308 | -27.9% |
| Taxes | 450/3 | €5,362 | €6,385 | +€1,023 | +19.1% |
| Remuneration and social security | 454/9 | €20,834 | €12,503 | -€8,331 | -40.0% |
| Other amounts payable | 47/48 | €1,498 | €524 | -€974 | -65.0% |
| Remuneration, social security and pensions | 62 | €201,169 | €201,021 | -€148 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,055 | - | +€3,055 | |
| Other operating charges | 640/8 | €992 | €400 | -€592 | -59.7% |
| Gross operating margin | 9900 | €217,990 | €205,008 | -€12,982 | -6.0% |
| Operating profit (loss) | 9901 | €18,883 | €3,587 | -€15,296 | -81.0% |
| Financial charges | 65/66B | €188 | €188 | -€1 | -0.4% |
| Recurring financial charges | 65 | €188 | €188 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €18,695 | €3,399 | -€15,296 | -81.8% |
| Income taxes | 67/77 | €8,027 | €1,126 | -€6,901 | -86.0% |
| Profit (loss) for the period | 9904 | €10,668 | €2,273 | -€8,395 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,668 | €2,273 | -€8,395 | -78.7% |
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 15 October 2026 via checked.be.