WHUT: 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.
WHUT
Largest movements
- Intangible fixed assets -€9,378
down €9,378 (-11.6%), from €80,796 to €71,418
- Cash -€6,312
down €6,312 (-18.8%), from €33,650 to €27,338
mainly Other debts (-€34,008) and Investment in fixed assets (net) (-€2,148)
- Receivables within one year +€1,787
up €1,787 (+25.6%), from €6,992 to €8,780
of which Other amounts receivable: +€1,644
- Other debts -€34,008
down €34,008 (-93.4%), from €36,400 to €2,392
- Profit (loss) carried forward +€19,020
up €19,020 (+45.6%), from €41,717 to €60,737
- Tax, wage and social debts +€2,550
up €2,550 (+10.1%), from €25,217 to €27,767
of which Taxes: +€4,879
- Staff costs +€28,951
up €28,951 (+25.3%), from €114,305 to €143,256
- Gross operating margin +€16,832
up €16,832 (+10.1%), from €166,674 to €183,505
- Taxes -€2,638
down €2,638 (-35.0%), from €7,526 to €4,889
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 | €129,712 | €116,763 | -€12,949 | -10.0% |
| Fixed assets | 21/28 | €86,962 | €78,681 | -€8,281 | -9.5% |
| Intangible fixed assets | 21 | €80,796 | €71,418 | -€9,378 | -11.6% |
| Tangible fixed assets | 22/27 | €6,166 | €7,264 | +€1,098 | +17.8% |
| Plant, machinery and equipment | 23 | €6,166 | €5,294 | -€872 | -14.1% |
| Furniture and vehicles | 24 | - | €1,969 | +€1,969 | |
| Current assets | 29/58 | €42,750 | €38,082 | -€4,668 | -10.9% |
| Amounts receivable within one year | 40/41 | €6,992 | €8,780 | +€1,787 | +25.6% |
| Trade receivables | 40 | €48 | €192 | +€144 | +297% |
| Other amounts receivable | 41 | €6,944 | €8,588 | +€1,644 | +23.7% |
| Cash at bank and in hand | 54/58 | €33,650 | €27,338 | -€6,312 | -18.8% |
| Deferred charges and accrued income | 490/1 | €2,109 | €1,965 | -€144 | -6.8% |
| Total equity and liabilities | 10/49 | €129,712 | €116,763 | -€12,949 | -10.0% |
| Equity | 10/15 | €46,717 | €65,737 | +€19,020 | +40.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,717 | €60,737 | +€19,020 | +45.6% |
| Amounts payable | 17/49 | €82,995 | €51,026 | -€31,969 | -38.5% |
| Amounts payable within one year | 42/48 | €82,995 | €51,026 | -€31,969 | -38.5% |
| Trade debts | 44 | €21,378 | €20,867 | -€511 | -2.4% |
| Suppliers | 440/4 | €21,378 | €20,867 | -€511 | -2.4% |
| Taxes, remuneration and social security | 45 | €25,217 | €27,767 | +€2,550 | +10.1% |
| Taxes | 450/3 | €7,536 | €12,415 | +€4,879 | +64.7% |
| Remuneration and social security | 454/9 | €17,681 | €15,352 | -€2,328 | -13.2% |
| Other amounts payable | 47/48 | €36,400 | €2,392 | -€34,008 | -93.4% |
| Remuneration, social security and pensions | 62 | €114,305 | €143,256 | +€28,951 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,810 | €10,429 | +€618 | +6.3% |
| Other operating charges | 640/8 | €1,733 | €1,787 | +€55 | +3.1% |
| Gross operating margin | 9900 | €166,674 | €183,505 | +€16,832 | +10.1% |
| Operating profit (loss) | 9901 | €40,826 | €28,034 | -€12,792 | -31.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €4,435 | €4,125 | -€310 | -7.0% |
| Recurring financial charges | 65 | €4,435 | €4,125 | -€310 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €36,392 | €23,909 | -€12,483 | -34.3% |
| Income taxes | 67/77 | €7,526 | €4,889 | -€2,638 | -35.0% |
| Profit (loss) for the period | 9904 | €28,865 | €19,020 | -€9,845 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,865 | €19,020 | -€9,845 | -34.1% |
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.