WHEEL CAT: 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.
WHEEL CAT
Largest movements
- Current investments +€43,880
new in 2025: €43,880
- Cash -€21,654
no longer reported in 2025 (was €21,654)
mainly Current investments (-€43,880) and Investment in fixed assets (net) (-€3,537)
- Stocks and contracts -€3,255
down €3,255 (-6.9%), from €47,196 to €43,941
- Tangible fixed assets +€2,830
new in 2025: €2,830
- Receivables within one year +€933
new in 2025: €933
- Other debts +€19,124
up €19,124 (+96.4%), from €19,847 to €38,971
- Trade debts +€4,248
up €4,248 (+390.2%), from €1,089 to €5,337
- Reserves -€2,780
down €2,780 (-10.3%), from €26,911 to €24,131
of which Distributable reserves: -€2,780
- Tax, wage and social debts +€2,143
up €2,143 (+89.2%), from €2,402 to €4,545
- Gross operating margin -€5,794
down €5,794 (-99.2%), from €5,841 to €47
- Other operating charges -€702
down €702 (-27.1%), from €2,586 to €1,884
- Depreciation +€132
up €132 (+22.9%), from €576 to €707
- Financial charges +€80
up €80 (+51.1%), from €156 to €236
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 | €68,850 | €91,584 | +€22,735 | +33.0% |
| Fixed assets | 21/28 | - | €2,830 | +€2,830 | |
| Tangible fixed assets | 22/27 | - | €2,830 | +€2,830 | |
| Plant, machinery and equipment | 23 | - | €2,830 | +€2,830 | |
| Current assets | 29/58 | €68,850 | €88,755 | +€19,905 | +28.9% |
| Stocks and contracts in progress | 3 | €47,196 | €43,941 | -€3,255 | -6.9% |
| Stocks | 30/36 | €47,196 | €43,941 | -€3,255 | -6.9% |
| Amounts receivable within one year | 40/41 | - | €933 | +€933 | |
| Trade receivables | 40 | - | €933 | +€933 | |
| Current investments | 50/53 | - | €43,880 | +€43,880 | |
| Cash at bank and in hand | 54/58 | €21,654 | - | -€21,654 | |
| Total equity and liabilities | 10/49 | €68,850 | €91,584 | +€22,735 | +33.0% |
| Equity | 10/15 | €45,511 | €42,731 | -€2,780 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,911 | €24,131 | -€2,780 | -10.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,052 | €22,272 | -€2,780 | -11.1% |
| Amounts payable | 17/49 | €23,338 | €48,853 | +€25,515 | +109.3% |
| Amounts payable within one year | 42/48 | €23,338 | €48,853 | +€25,515 | +109.3% |
| Trade debts | 44 | €1,089 | €5,337 | +€4,248 | +390.2% |
| Suppliers | 440/4 | €1,089 | €5,337 | +€4,248 | +390.2% |
| Taxes, remuneration and social security | 45 | €2,402 | €4,545 | +€2,143 | +89.2% |
| Taxes | 450/3 | €2,402 | €4,545 | +€2,143 | +89.2% |
| Other amounts payable | 47/48 | €19,847 | €38,971 | +€19,124 | +96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €707 | +€132 | +22.9% |
| Other operating charges | 640/8 | €2,586 | €1,884 | -€702 | -27.1% |
| Gross operating margin | 9900 | €5,841 | €47 | -€5,794 | -99.2% |
| Operating profit (loss) | 9901 | €2,679 | -€2,545 | -€5,224 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +471.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +471.4% |
| Financial charges | 65/66B | €156 | €236 | +€80 | +51.1% |
| Recurring financial charges | 65 | €156 | €236 | +€80 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €2,523 | -€2,780 | -€5,303 | |
| Profit (loss) for the period | 9904 | €2,523 | -€2,780 | -€5,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,523 | -€2,780 | -€5,303 |
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.