WH-SYSTEMS: 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-SYSTEMS
Largest movements
- Receivables within one year +€52,493
up €52,493 (+71.4%), from €73,481 to €125,974
of which Other amounts receivable: +€29,979
- Tangible fixed assets -€11,699
down €11,699 (-31.1%), from €37,656 to €25,957
of which Furniture and vehicles: -€9,765
- Trade debts +€72,170
up €72,170 (+100%), from €71,811 to €143,981
- Profit (loss) carried forward -€15,944
down €15,944 (-28.4%), from -€56,228 to -€72,172
- Debts after one year -€14,918
down €14,918 (-25.1%), from €59,417 to €44,499
- Gross operating margin -€2,157
down €2,157, from €808 to -€1,349
- Other operating charges -€739
down €739 (-81.7%), from €904 to €165
- Depreciation -€441
down €441 (-3.6%), from €12,140 to €11,699
- Financial charges +€203
up €203 (+7.9%), from €2,557 to €2,760
- Financial income -€131
down €131 (-81.8%), from €160 to €29
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 | €130,128 | €170,946 | +€40,819 | +31.4% |
| Fixed assets | 21/28 | €37,656 | €25,957 | -€11,699 | -31.1% |
| Tangible fixed assets | 22/27 | €37,656 | €25,957 | -€11,699 | -31.1% |
| Plant, machinery and equipment | 23 | €20,382 | €18,448 | -€1,934 | -9.5% |
| Furniture and vehicles | 24 | €17,274 | €7,509 | -€9,765 | -56.5% |
| Current assets | 29/58 | €92,472 | €144,989 | +€52,518 | +56.8% |
| Stocks and contracts in progress | 3 | €18,643 | €18,643 | = | 0.0% |
| Stocks | 30/36 | €18,643 | €18,643 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,481 | €125,974 | +€52,493 | +71.4% |
| Trade receivables | 40 | €42,460 | €64,974 | +€22,514 | +53.0% |
| Other amounts receivable | 41 | €31,021 | €61,000 | +€29,979 | +96.6% |
| Cash at bank and in hand | 54/58 | €308 | €124 | -€184 | -59.6% |
| Deferred charges and accrued income | 490/1 | €39 | €248 | +€209 | +533% |
| Total equity and liabilities | 10/49 | €130,128 | €170,946 | +€40,819 | +31.4% |
| Equity | 10/15 | -€53,728 | -€69,672 | -€15,944 | -29.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,228 | -€72,172 | -€15,944 | -28.4% |
| Amounts payable | 17/49 | €183,856 | €240,618 | +€56,763 | +30.9% |
| Amounts payable after more than one year | 17 | €59,417 | €44,499 | -€14,918 | -25.1% |
| Financial debts | 170/4 | €59,417 | €44,499 | -€14,918 | -25.1% |
| Amounts payable within one year | 42/48 | €124,439 | €196,119 | +€71,681 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €14,609 | €14,918 | +€309 | +2.1% |
| Trade debts | 44 | €71,811 | €143,981 | +€72,170 | +100% |
| Suppliers | 440/4 | €71,811 | €143,981 | +€72,170 | +100% |
| Taxes, remuneration and social security | 45 | €3,229 | €2,052 | -€1,177 | -36.5% |
| Taxes | 450/3 | €3,229 | €2,052 | -€1,177 | -36.5% |
| Other amounts payable | 47/48 | €34,789 | €35,168 | +€379 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,140 | €11,699 | -€441 | -3.6% |
| Other operating charges | 640/8 | €904 | €165 | -€739 | -81.7% |
| Gross operating margin | 9900 | €808 | -€1,349 | -€2,157 | |
| Operating profit (loss) | 9901 | -€12,236 | -€13,213 | -€977 | -8.0% |
| Financial income | 75/76B | €160 | €29 | -€131 | -81.8% |
| Recurring financial income | 75 | €160 | €29 | -€131 | -81.8% |
| Financial charges | 65/66B | €2,557 | €2,760 | +€203 | +7.9% |
| Recurring financial charges | 65 | €2,557 | €2,760 | +€203 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,633 | -€15,944 | -€1,311 | -9.0% |
| Profit (loss) for the period | 9904 | -€14,633 | -€15,944 | -€1,311 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,633 | -€15,944 | -€1,311 | -9.0% |
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 19 October 2026 via checked.be.