WGT Project: 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.
WGT Project
Largest movements
- Cash -€22,171
down €22,171 (-81.8%), from €27,098 to €4,927
mainly Contributions, distributions and other (-€20,000) and Debts after one year (-€19,384)
- Deferred charges and accrued income -€13,030
down €13,030 (-82.8%), from €15,729 to €2,700
- Tangible fixed assets -€8,278
down €8,278 (-2.3%), from €358,537 to €350,259
- Reserves -€22,654
down €22,654 (-12.0%), from €188,769 to €166,114
of which Distributable reserves: -€22,654
- Debts after one year -€19,384
down €19,384 (-12.2%), from €158,861 to €139,476
- Gross operating margin -€29,826
down €29,826 (-70.9%), from €42,052 to €12,226
- Taxes -€6,901
no longer reported in 2025 (was €6,901)
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 | €401,364 | €357,886 | -€43,479 | -10.8% |
| Fixed assets | 21/28 | €358,537 | €350,259 | -€8,278 | -2.3% |
| Tangible fixed assets | 22/27 | €358,537 | €350,259 | -€8,278 | -2.3% |
| Land and buildings | 22 | €358,537 | €350,259 | -€8,278 | -2.3% |
| Current assets | 29/58 | €42,827 | €7,626 | -€35,201 | -82.2% |
| Cash at bank and in hand | 54/58 | €27,098 | €4,927 | -€22,171 | -81.8% |
| Deferred charges and accrued income | 490/1 | €15,729 | €2,700 | -€13,030 | -82.8% |
| Total equity and liabilities | 10/49 | €401,364 | €357,886 | -€43,479 | -10.8% |
| Equity | 10/15 | €233,769 | €211,114 | -€22,654 | -9.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €188,769 | €166,114 | -€22,654 | -12.0% |
| Tax-exempt reserves | 132 | €12,159 | €12,159 | = | 0.0% |
| Distributable reserves | 133 | €176,609 | €153,955 | -€22,654 | -12.8% |
| Amounts payable | 17/49 | €167,596 | €146,772 | -€20,824 | -12.4% |
| Amounts payable after more than one year | 17 | €158,861 | €139,476 | -€19,384 | -12.2% |
| Financial debts | 170/4 | €158,861 | €139,476 | -€19,384 | -12.2% |
| Amounts payable within one year | 42/48 | €8,562 | €7,143 | -€1,419 | -16.6% |
| Trade debts | 44 | €5,810 | €5,242 | -€568 | -9.8% |
| Suppliers | 440/4 | €5,810 | €5,242 | -€568 | -9.8% |
| Taxes, remuneration and social security | 45 | €2,752 | €1,901 | -€851 | -30.9% |
| Taxes | 450/3 | €2,752 | €1,901 | -€851 | -30.9% |
| Accrued charges and deferred income | 492/3 | €173 | €152 | -€21 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,278 | €8,278 | = | 0.0% |
| Other operating charges | 640/8 | €4,150 | €4,278 | +€128 | +3.1% |
| Gross operating margin | 9900 | €42,052 | €12,226 | -€29,826 | -70.9% |
| Operating profit (loss) | 9901 | €29,624 | -€330 | -€29,954 | |
| Financial charges | 65/66B | €2,465 | €2,324 | -€140 | -5.7% |
| Recurring financial charges | 65 | €2,465 | €2,324 | -€140 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €27,159 | -€2,654 | -€29,814 | |
| Income taxes | 67/77 | €6,901 | - | -€6,901 | |
| Profit (loss) for the period | 9904 | €20,258 | -€2,654 | -€22,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,258 | -€2,654 | -€22,913 |
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 14 October 2026 via checked.be.