Whetstones engineering solutions: 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.
Whetstones engineering solutions
Largest movements
- Cash -€47,381
down €47,381 (-55.2%), from €85,796 to €38,415
mainly Contributions, distributions and other (-€45,000) and Other debts (-€20,000)
- Receivables within one year +€6,847
up €6,847 (+785%), from €873 to €7,719
of which Trade receivables: +€7,280
- Tangible fixed assets +€1,124
up €1,124 (+19.5%), from €5,777 to €6,901
of which Furniture and vehicles: +€1,432
- Other debts -€20,000
down €20,000 (-53.9%), from €37,100 to €17,100
- Profit (loss) carried forward -€15,720
down €15,720 (-49.0%), from €32,075 to €16,356
- Tax, wage and social debts -€3,968
down €3,968 (-20.0%), from €19,886 to €15,918
of which Remuneration and social security: -€2,000
No income-statement line moved by more than 1% of the activity.
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 | €93,101 | €53,456 | -€39,645 | -42.6% |
| Fixed assets | 21/28 | €5,777 | €6,901 | +€1,124 | +19.5% |
| Tangible fixed assets | 22/27 | €5,777 | €6,901 | +€1,124 | +19.5% |
| Plant, machinery and equipment | 23 | €649 | €341 | -€308 | -47.5% |
| Furniture and vehicles | 24 | €5,129 | €6,561 | +€1,432 | +27.9% |
| Current assets | 29/58 | €87,323 | €46,555 | -€40,769 | -46.7% |
| Amounts receivable within one year | 40/41 | €873 | €7,719 | +€6,847 | +785% |
| Trade receivables | 40 | - | €7,280 | +€7,280 | |
| Other amounts receivable | 41 | €873 | €439 | -€433 | -49.7% |
| Cash at bank and in hand | 54/58 | €85,796 | €38,415 | -€47,381 | -55.2% |
| Deferred charges and accrued income | 490/1 | €655 | €420 | -€235 | -35.8% |
| Total equity and liabilities | 10/49 | €93,101 | €53,456 | -€39,645 | -42.6% |
| Equity | 10/15 | €36,075 | €20,356 | -€15,720 | -43.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,075 | €16,356 | -€15,720 | -49.0% |
| Amounts payable | 17/49 | €57,025 | €33,100 | -€23,925 | -42.0% |
| Amounts payable within one year | 42/48 | €57,025 | €33,100 | -€23,925 | -42.0% |
| Trade debts | 44 | €40 | €83 | +€43 | +108% |
| Suppliers | 440/4 | €40 | €83 | +€43 | +108% |
| Taxes, remuneration and social security | 45 | €19,886 | €15,918 | -€3,968 | -20.0% |
| Taxes | 450/3 | €17,886 | €15,918 | -€1,968 | -11.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €37,100 | €17,100 | -€20,000 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €1,974 | -€326 | -14.2% |
| Gross operating margin | 9900 | €39,878 | €40,213 | +€336 | +0.8% |
| Operating profit (loss) | 9901 | €37,577 | €38,239 | +€662 | +1.8% |
| Financial charges | 65/66B | €564 | €380 | -€184 | -32.7% |
| Recurring financial charges | 65 | €564 | €380 | -€184 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €37,013 | €37,859 | +€846 | +2.3% |
| Income taxes | 67/77 | €8,366 | €8,579 | +€213 | +2.5% |
| Profit (loss) for the period | 9904 | €28,647 | €29,280 | +€633 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,647 | €29,280 | +€633 | +2.2% |
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 25 October 2026 via checked.be.