WGW: 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.
WGW
Largest movements
- Cash +€2,240
up €2,240 (+8.2%), from €27,215 to €29,455
mainly Current portion of long-term debt (+€20,510) and Net result for the year (+€3,950)
- Current portion of long-term debt +€20,510
new in 2025: €20,510
- Other debts -€13,571
no longer reported in 2025 (was €13,571)
- Trade debts -€6,260
down €6,260 (-56.5%), from €11,072 to €4,812
- Profit (loss) carried forward +€3,949
up €3,949 (+12.5%), from €31,570 to €35,519
- Tax, wage and social debts -€1,134
no longer reported in 2025 (was €1,134)
- Turnover +€38,590
up €38,590 (+18.6%), from €207,720 to €246,310
- Purchases and services +€34,585
up €34,585 (+17.1%), from €201,998 to €236,583
- Other operating charges -€16,298
down €16,298 (-77.9%), from €20,919 to €4,621
- Financial income -€8,858
down €8,858 (-80.4%), from €11,016 to €2,158
of which Non-recurring financial income: -€11,016
- Gross operating margin +€4,005
up €4,005 (+70.0%), from €5,722 to €9,727
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 | €108,547 | €112,041 | +€3,494 | +3.2% |
| Current assets | 29/58 | €108,547 | €112,041 | +€3,494 | +3.2% |
| Stocks and contracts in progress | 3 | €80,000 | €80,000 | = | 0.0% |
| Stocks | 30/36 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,332 | €2,222 | +€890 | +66.8% |
| Trade receivables | 40 | €1,332 | €1,995 | +€663 | +49.8% |
| Other amounts receivable | 41 | - | €227 | +€227 | |
| Cash at bank and in hand | 54/58 | €27,215 | €29,455 | +€2,240 | +8.2% |
| Deferred charges and accrued income | 490/1 | - | €364 | +€364 | |
| Total equity and liabilities | 10/49 | €108,547 | €112,041 | +€3,494 | +3.2% |
| Equity | 10/15 | €37,770 | €41,719 | +€3,949 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,570 | €35,519 | +€3,949 | +12.5% |
| Amounts payable | 17/49 | €70,777 | €70,322 | -€455 | -0.6% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,777 | €25,322 | -€455 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | - | €20,510 | +€20,510 | |
| Trade debts | 44 | €11,072 | €4,812 | -€6,260 | -56.5% |
| Suppliers | 440/4 | €11,072 | €4,812 | -€6,260 | -56.5% |
| Taxes, remuneration and social security | 45 | €1,134 | - | -€1,134 | |
| Taxes | 450/3 | €1,134 | - | -€1,134 | |
| Other amounts payable | 47/48 | €13,571 | - | -€13,571 | |
| Turnover | 70 | €207,720 | €246,310 | +€38,590 | +18.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €201,998 | €236,583 | +€34,585 | +17.1% |
| Remuneration, social security and pensions | 62 | €75 | - | -€75 | |
| Other operating charges | 640/8 | €20,919 | €4,621 | -€16,298 | -77.9% |
| Gross operating margin | 9900 | €5,722 | €9,727 | +€4,005 | +70.0% |
| Operating profit (loss) | 9901 | -€15,272 | €5,106 | +€20,378 | |
| Financial income | 75/76B | €11,016 | €2,158 | -€8,858 | -80.4% |
| Recurring financial income | 75 | €11,016 | €2,158 | -€8,858 | -80.4% |
| Non-recurring financial income | 76B | €11,016 | - | -€11,016 | |
| Financial charges | 65/66B | €2,470 | €2,537 | +€67 | +2.7% |
| Recurring financial charges | 65 | €2,470 | €2,537 | +€67 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,726 | €4,727 | +€11,453 | |
| Income taxes | 67/77 | - | €777 | +€777 | |
| Profit (loss) for the period | 9904 | -€6,726 | €3,950 | +€10,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,726 | €3,950 | +€10,676 |
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 13 October 2026 via checked.be.