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
- Tangible fixed assets -€35,953
down €35,953 (-20.1%), from €179,186 to €143,234
of which Plant, machinery and equipment: -€24,817
- Stocks and contracts +€26,008
up €26,008 (+68.3%), from €38,081 to €64,089
of which Contracts in progress: +€23,882
- Receivables after one year +€11,167
up €11,167 (+16.2%), from €68,833 to €80,000
- Trade debts +€37,546
up €37,546 (+77.0%), from €48,777 to €86,323
- Profit (loss) carried forward -€28,649
down €28,649 (-23.1%), from €124,204 to €95,554
- Debts after one year -€20,229
down €20,229 (-9.9%), from €203,449 to €183,220
- Tax, wage and social debts +€15,416
up €15,416 (+63.8%), from €24,156 to €39,572
of which Taxes: +€7,726
- Staff costs +€57,978
up €57,978 (+696%), from €8,328 to €66,305
- Gross operating margin +€26,450
up €26,450 (+37.3%), from €70,889 to €97,339
- Depreciation +€6,541
up €6,541 (+16.8%), from €39,038 to €45,579
- Write-downs -€6,013
down €6,013 (-75.6%), from €7,951 to €1,938
- Taxes -€4,196
down €4,196 (-80.3%), from €5,227 to €1,031
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,382 | €432,551 | -€1,831 | -0.4% |
| Fixed assets | 21/28 | €181,686 | €145,734 | -€35,953 | -19.8% |
| Tangible fixed assets | 22/27 | €179,186 | €143,234 | -€35,953 | -20.1% |
| Plant, machinery and equipment | 23 | €128,062 | €103,245 | -€24,817 | -19.4% |
| Furniture and vehicles | 24 | €51,124 | €39,989 | -€11,135 | -21.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €252,696 | €286,817 | +€34,121 | +13.5% |
| Amounts receivable after more than one year | 29 | €68,833 | €80,000 | +€11,167 | +16.2% |
| Other amounts receivable | 291 | €68,833 | €80,000 | +€11,167 | +16.2% |
| Stocks and contracts in progress | 3 | €38,081 | €64,089 | +€26,008 | +68.3% |
| Stocks | 30/36 | €38,081 | €40,207 | +€2,126 | +5.6% |
| Contracts in progress | 37 | - | €23,882 | +€23,882 | |
| Amounts receivable within one year | 40/41 | €132,551 | €130,866 | -€1,685 | -1.3% |
| Trade receivables | 40 | €98,428 | €96,885 | -€1,543 | -1.6% |
| Other amounts receivable | 41 | €34,123 | €33,981 | -€142 | -0.4% |
| Cash at bank and in hand | 54/58 | €10,644 | €9,680 | -€964 | -9.1% |
| Deferred charges and accrued income | 490/1 | €2,586 | €2,183 | -€403 | -15.6% |
| Total equity and liabilities | 10/49 | €434,382 | €432,551 | -€1,831 | -0.4% |
| Equity | 10/15 | €126,704 | €98,054 | -€28,649 | -22.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,204 | €95,554 | -€28,649 | -23.1% |
| Amounts payable | 17/49 | €307,679 | €334,497 | +€26,818 | +8.7% |
| Amounts payable after more than one year | 17 | €203,449 | €183,220 | -€20,229 | -9.9% |
| Financial debts | 170/4 | €203,449 | €183,220 | -€20,229 | -9.9% |
| Amounts payable within one year | 42/48 | €102,470 | €151,276 | +€48,806 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €22,144 | €21,084 | -€1,060 | -4.8% |
| Trade debts | 44 | €48,777 | €86,323 | +€37,546 | +77.0% |
| Suppliers | 440/4 | €48,777 | €86,323 | +€37,546 | +77.0% |
| Taxes, remuneration and social security | 45 | €24,156 | €39,572 | +€15,416 | +63.8% |
| Taxes | 450/3 | €21,134 | €28,860 | +€7,726 | +36.6% |
| Remuneration and social security | 454/9 | €3,022 | €10,711 | +€7,690 | +254% |
| Other amounts payable | 47/48 | €7,393 | €4,297 | -€3,096 | -41.9% |
| Accrued charges and deferred income | 492/3 | €1,759 | - | -€1,759 | |
| Remuneration, social security and pensions | 62 | €8,328 | €66,305 | +€57,978 | +696% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,038 | €45,579 | +€6,541 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,951 | €1,938 | -€6,013 | -75.6% |
| Other operating charges | 640/8 | €1,353 | €1,994 | +€641 | +47.4% |
| Gross operating margin | 9900 | €70,889 | €97,339 | +€26,450 | +37.3% |
| Operating profit (loss) | 9901 | €14,219 | -€18,478 | -€32,697 | |
| Financial income | 75/76B | €930 | €2,092 | +€1,162 | +125% |
| Recurring financial income | 75 | €930 | €2,092 | +€1,162 | +125% |
| Financial charges | 65/66B | €9,685 | €11,233 | +€1,548 | +16.0% |
| Recurring financial charges | 65 | €9,685 | €11,233 | +€1,548 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €5,465 | -€27,618 | -€33,083 | |
| Income taxes | 67/77 | €5,227 | €1,031 | -€4,196 | -80.3% |
| Profit (loss) for the period | 9904 | €238 | -€28,649 | -€28,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €238 | -€28,649 | -€28,887 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.