WH SOLUTION: 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.
WH SOLUTION
Largest movements
- Tangible fixed assets -€10,380
down €10,380 (-25.3%), from €40,993 to €30,613
of which Furniture and vehicles: -€10,501
- Receivables within one year +€6,640
up €6,640 (+6.7%), from €99,355 to €105,995
of which Trade receivables: +€9,707
- Profit (loss) carried forward +€9,223
up €9,223 (+26.7%), from €34,542 to €43,765
- Debts after one year -€8,275
down €8,275 (-35.0%), from €23,659 to €15,384
- Tax, wage and social debts -€4,397
down €4,397 (-31.7%), from €13,871 to €9,475
of which Taxes: -€3,647
- Trade debts -€2,504
down €2,504 (-6.0%), from €41,765 to €39,261
- Gross operating margin +€648
up €648 (+2.6%), from €24,683 to €25,331
- Financial charges +€465
up €465 (+28.5%), from €1,631 to €2,097
- Other operating charges -€300
down €300 (-82.9%), from €362 to €62
- Depreciation +€276
up €276 (+2.5%), from €11,178 to €11,454
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 | €165,760 | €160,163 | -€5,597 | -3.4% |
| Fixed assets | 21/28 | €40,993 | €30,613 | -€10,380 | -25.3% |
| Tangible fixed assets | 22/27 | €40,993 | €30,613 | -€10,380 | -25.3% |
| Plant, machinery and equipment | 23 | €2,096 | €2,217 | +€121 | +5.8% |
| Furniture and vehicles | 24 | €38,896 | €28,396 | -€10,501 | -27.0% |
| Current assets | 29/58 | €124,768 | €129,551 | +€4,783 | +3.8% |
| Amounts receivable within one year | 40/41 | €99,355 | €105,995 | +€6,640 | +6.7% |
| Trade receivables | 40 | €88,535 | €98,242 | +€9,707 | +11.0% |
| Other amounts receivable | 41 | €10,820 | €7,753 | -€3,067 | -28.3% |
| Cash at bank and in hand | 54/58 | €24,073 | €22,885 | -€1,188 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,340 | €671 | -€669 | -50.0% |
| Total equity and liabilities | 10/49 | €165,760 | €160,163 | -€5,597 | -3.4% |
| Equity | 10/15 | €46,399 | €55,622 | +€9,223 | +19.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,357 | €10,357 | = | 0.0% |
| Distributable reserves | 133 | €10,357 | €10,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,542 | €43,765 | +€9,223 | +26.7% |
| Amounts payable | 17/49 | €119,362 | €104,542 | -€14,820 | -12.4% |
| Amounts payable after more than one year | 17 | €23,659 | €15,384 | -€8,275 | -35.0% |
| Financial debts | 170/4 | €23,659 | €15,384 | -€8,275 | -35.0% |
| Amounts payable within one year | 42/48 | €95,703 | €89,157 | -€6,545 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €7,919 | €8,275 | +€356 | +4.5% |
| Trade debts | 44 | €41,765 | €39,261 | -€2,504 | -6.0% |
| Suppliers | 440/4 | €41,765 | €39,261 | -€2,504 | -6.0% |
| Advances received on contracts in progress | 46 | €32,147 | €32,147 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,871 | €9,475 | -€4,397 | -31.7% |
| Taxes | 450/3 | €11,185 | €7,538 | -€3,647 | -32.6% |
| Remuneration and social security | 454/9 | €2,686 | €1,936 | -€750 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,178 | €11,454 | +€276 | +2.5% |
| Other operating charges | 640/8 | €362 | €62 | -€300 | -82.9% |
| Gross operating margin | 9900 | €24,683 | €25,331 | +€648 | +2.6% |
| Operating profit (loss) | 9901 | €13,143 | €13,815 | +€672 | +5.1% |
| Financial income | 75/76B | €248 | €396 | +€148 | +59.7% |
| Recurring financial income | 75 | €248 | €396 | +€148 | +59.7% |
| Financial charges | 65/66B | €1,631 | €2,097 | +€465 | +28.5% |
| Recurring financial charges | 65 | €1,631 | €2,097 | +€465 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €11,759 | €12,114 | +€355 | +3.0% |
| Income taxes | 67/77 | €2,810 | €2,891 | +€81 | +2.9% |
| Profit (loss) for the period | 9904 | €8,949 | €9,223 | +€274 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,949 | €9,223 | +€274 | +3.1% |
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 10 October 2026 via checked.be.