WHALL: 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.
WHALL
Largest movements
- Cash +€53,384
up €53,384 (+64.1%), from €83,220 to €136,604
mainly Net result for the year (+€86,915) and Other debts (+€39,567)
- Tangible fixed assets -€14,438
down €14,438 (-27.4%), from €52,601 to €38,163
of which Furniture and vehicles: -€13,311
- Receivables within one year +€4,281
up €4,281 (+26.2%), from €16,336 to €20,617
of which Trade receivables: +€4,281
- Other debts +€39,567
up €39,567 (+48.3%), from €81,849 to €121,416
- Tax, wage and social debts +€16,735
up €16,735 (+112%), from €14,902 to €31,637
- Profit (loss) carried forward -€13,085
down €13,085 (-36.2%), from €36,116 to €23,031
- Gross operating margin +€21,273
up €21,273 (+20.3%), from €104,904 to €126,177
- Depreciation +€4,606
up €4,606 (+44.4%), from €10,368 to €14,974
- Taxes +€4,120
up €4,120 (+21.1%), from €19,555 to €23,675
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 | €153,400 | €196,709 | +€43,309 | +28.2% |
| Fixed assets | 21/28 | €52,601 | €38,163 | -€14,438 | -27.4% |
| Tangible fixed assets | 22/27 | €52,601 | €38,163 | -€14,438 | -27.4% |
| Plant, machinery and equipment | 23 | €7,080 | €5,953 | -€1,127 | -15.9% |
| Furniture and vehicles | 24 | €45,521 | €32,210 | -€13,311 | -29.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €100,799 | €158,546 | +€57,747 | +57.3% |
| Amounts receivable within one year | 40/41 | €16,336 | €20,617 | +€4,281 | +26.2% |
| Trade receivables | 40 | €14,891 | €19,172 | +€4,281 | +28.7% |
| Other amounts receivable | 41 | €1,445 | €1,445 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €83,220 | €136,604 | +€53,384 | +64.1% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,325 | +€82 | +6.6% |
| Total equity and liabilities | 10/49 | €153,400 | €196,709 | +€43,309 | +28.2% |
| Equity | 10/15 | €56,576 | €43,491 | -€13,085 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,116 | €23,031 | -€13,085 | -36.2% |
| Amounts payable | 17/49 | €96,824 | €153,218 | +€56,394 | +58.2% |
| Amounts payable within one year | 42/48 | €96,824 | €153,218 | +€56,394 | +58.2% |
| Trade debts | 44 | €73 | €164 | +€91 | +125% |
| Suppliers | 440/4 | €73 | €164 | +€91 | +125% |
| Taxes, remuneration and social security | 45 | €14,902 | €31,637 | +€16,735 | +112% |
| Taxes | 450/3 | €14,902 | €31,637 | +€16,735 | +112% |
| Other amounts payable | 47/48 | €81,849 | €121,416 | +€39,567 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €14,974 | +€4,606 | +44.4% |
| Other operating charges | 640/8 | €560 | €509 | -€51 | -9.1% |
| Gross operating margin | 9900 | €104,904 | €126,177 | +€21,273 | +20.3% |
| Operating profit (loss) | 9901 | €93,976 | €110,693 | +€16,717 | +17.8% |
| Financial income | 75/76B | €4 | €1 | -€3 | -65.3% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -65.3% |
| Financial charges | 65/66B | €309 | €104 | -€205 | -66.3% |
| Recurring financial charges | 65 | €309 | €104 | -€205 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €93,671 | €110,591 | +€16,920 | +18.1% |
| Income taxes | 67/77 | €19,555 | €23,675 | +€4,120 | +21.1% |
| Profit (loss) for the period | 9904 | €74,116 | €86,915 | +€12,799 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,116 | €86,915 | +€12,799 | +17.3% |
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 18 October 2026 via checked.be.