WHYE: 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.
WHYE
Largest movements
- Receivables within one year +€40,294
up €40,294 (+180.3%), from €22,347 to €62,642
of which Trade receivables: +€21,990
- Cash +€33,802
up €33,802 (+48.8%), from €69,306 to €103,108
mainly Other debts (+€131,631) and Net result for the year (+€69,397)
- Tangible fixed assets +€3,540
up €3,540 (+21.1%), from €16,747 to €20,288
of which Furniture and vehicles: +€4,774
- Other debts +€131,631
up €131,631, from €0 to €131,631
- Profit (loss) carried forward -€62,234
down €62,234 (-100.0%), from €62,234 to €0
- Tax, wage and social debts +€6,894
up €6,894 (+50.3%), from €13,700 to €20,594
- Trade debts +€3,117
up €3,117 (+136.3%), from €2,286 to €5,403
- Gross operating margin +€9,944
up €9,944 (+11.2%), from €88,493 to €98,437
- Taxes +€2,229
up €2,229 (+11.2%), from €19,889 to €22,118
- Depreciation +€1,647
up €1,647 (+73.2%), from €2,249 to €3,896
- Financial charges -€1,082
down €1,082 (-37.6%), from €2,881 to €1,799
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 | €108,401 | €187,777 | +€79,375 | +73.2% |
| Fixed assets | 21/28 | €16,747 | €20,288 | +€3,540 | +21.1% |
| Tangible fixed assets | 22/27 | €16,747 | €20,288 | +€3,540 | +21.1% |
| Plant, machinery and equipment | 23 | - | €2,567 | +€2,567 | |
| Furniture and vehicles | 24 | - | €4,774 | +€4,774 | |
| Other tangible fixed assets | 26 | €16,747 | €12,947 | -€3,801 | -22.7% |
| Current assets | 29/58 | €91,654 | €167,489 | +€75,835 | +82.7% |
| Amounts receivable within one year | 40/41 | €22,347 | €62,642 | +€40,294 | +180.3% |
| Trade receivables | 40 | €20,570 | €42,560 | +€21,990 | +106.9% |
| Other amounts receivable | 41 | €1,777 | €20,082 | +€18,305 | +1029.8% |
| Current investments | 50/53 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €69,306 | €103,108 | +€33,802 | +48.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,239 | +€1,239 | |
| Total equity and liabilities | 10/49 | €108,401 | €187,777 | +€79,375 | +73.2% |
| Equity | 10/15 | €88,605 | €26,371 | -€62,234 | -70.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €25,871 | €25,871 | = | 0.0% |
| Distributable reserves | 133 | €25,871 | €25,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,234 | €0 | -€62,234 | -100.0% |
| Amounts payable | 17/49 | €19,796 | €161,406 | +€141,609 | +715.3% |
| Amounts payable within one year | 42/48 | €19,796 | €161,406 | +€141,609 | +715.3% |
| Financial debts | 43 | €3,811 | €3,778 | -€33 | -0.9% |
| Credit institutions | 430/8 | €3,811 | €3,778 | -€33 | -0.9% |
| Trade debts | 44 | €2,286 | €5,403 | +€3,117 | +136.3% |
| Suppliers | 440/4 | €2,286 | €5,403 | +€3,117 | +136.3% |
| Taxes, remuneration and social security | 45 | €13,700 | €20,594 | +€6,894 | +50.3% |
| Taxes | 450/3 | €13,700 | €20,594 | +€6,894 | +50.3% |
| Other amounts payable | 47/48 | €0 | €131,631 | +€131,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,249 | €3,896 | +€1,647 | +73.2% |
| Other operating charges | 640/8 | €1,517 | €1,528 | +€11 | +0.7% |
| Gross operating margin | 9900 | €88,493 | €98,437 | +€9,944 | +11.2% |
| Operating profit (loss) | 9901 | €84,727 | €93,013 | +€8,287 | +9.8% |
| Financial income | 75/76B | €277 | €301 | +€24 | +8.6% |
| Recurring financial income | 75 | €277 | €301 | +€24 | +8.6% |
| Financial charges | 65/66B | €2,881 | €1,799 | -€1,082 | -37.6% |
| Recurring financial charges | 65 | €2,881 | €1,799 | -€1,082 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €82,122 | €91,515 | +€9,393 | +11.4% |
| Income taxes | 67/77 | €19,889 | €22,118 | +€2,229 | +11.2% |
| Profit (loss) for the period | 9904 | €62,234 | €69,397 | +€7,164 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,234 | €69,397 | +€7,164 | +11.5% |
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 12 October 2026 via checked.be.