Whai: what changed
Two fiscal 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.
Whai
Largest movements
- Cash +€63,192
up €63,192 (+84.4%), from €74,892 to €138,084
mainly Net result for the year (+€45,617) and Receivables within one year (+€25,018)
- Receivables within one year -€25,018
down €25,018 (-63.3%), from €39,521 to €14,503
of which Trade receivables: -€12,962
- Tangible fixed assets -€2,722
down €2,722 (-38.2%), from €7,118 to €4,396
- Reserves +€43,430
up €43,430 (+41.4%), from €104,894 to €148,324
- Tax, wage and social debts -€4,219
down €4,219 (-38.9%), from €10,858 to €6,640
- Trade debts -€3,208
down €3,208 (-97.6%), from €3,288 to €79
- Gross operating margin -€10,789
down €10,789 (-14.8%), from €72,917 to €62,127
- Taxes -€2,092
down €2,092 (-14.7%), from €14,205 to €12,113
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 | €122,190 | €158,379 | +€36,188 | +29.6% |
| Fixed assets | 21/28 | €7,118 | €4,396 | -€2,722 | -38.2% |
| Tangible fixed assets | 22/27 | €7,118 | €4,396 | -€2,722 | -38.2% |
| Furniture and vehicles | 24 | €7,118 | €4,396 | -€2,722 | -38.2% |
| Current assets | 29/58 | €115,072 | €153,982 | +€38,911 | +33.8% |
| Amounts receivable within one year | 40/41 | €39,521 | €14,503 | -€25,018 | -63.3% |
| Trade receivables | 40 | €24,578 | €11,616 | -€12,962 | -52.7% |
| Other amounts receivable | 41 | €14,943 | €2,887 | -€12,056 | -80.7% |
| Cash at bank and in hand | 54/58 | €74,892 | €138,084 | +€63,192 | +84.4% |
| Deferred charges and accrued income | 490/1 | €659 | €1,395 | +€737 | +111.9% |
| Total equity and liabilities | 10/49 | €122,190 | €158,379 | +€36,188 | +29.6% |
| Equity | 10/15 | €107,894 | €151,324 | +€43,430 | +40.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,894 | €148,324 | +€43,430 | +41.4% |
| Distributable reserves | 133 | €104,894 | €148,324 | +€43,430 | +41.4% |
| Amounts payable | 17/49 | €14,297 | €7,055 | -€7,241 | -50.7% |
| Amounts payable within one year | 42/48 | €14,297 | €7,042 | -€7,255 | -50.7% |
| Trade debts | 44 | €3,288 | €79 | -€3,208 | -97.6% |
| Suppliers | 440/4 | €3,288 | €79 | -€3,208 | -97.6% |
| Taxes, remuneration and social security | 45 | €10,858 | €6,640 | -€4,219 | -38.9% |
| Taxes | 450/3 | €10,858 | €6,640 | -€4,219 | -38.9% |
| Other amounts payable | 47/48 | €151 | €323 | +€172 | +114.2% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,611 | €3,811 | +€201 | +5.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €72,917 | €62,127 | -€10,789 | -14.8% |
| Operating profit (loss) | 9901 | €68,801 | €57,796 | -€11,004 | -16.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €66 | €69 | +€3 | +4.8% |
| Recurring financial charges | 65 | €66 | €69 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €68,734 | €57,731 | -€11,003 | -16.0% |
| Income taxes | 67/77 | €14,205 | €12,113 | -€2,092 | -14.7% |
| Profit (loss) for the period | 9904 | €54,529 | €45,617 | -€8,912 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,529 | €45,617 | -€8,912 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.