WHYJ: 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.
WHYJ
Largest movements
- Cash -€32,792
down €32,792 (-43.2%), from €75,976 to €43,184
mainly Other debts (-€56,141) and Tax, wage and social debts (-€26,976)
- Receivables within one year -€1,203
down €1,203 (-3.7%), from €32,553 to €31,349
of which Trade receivables: -€4,230
- Other debts -€56,141
no longer reported in 2025 (was €56,141)
- Reserves +€54,719
new in 2025: €54,719
- Tax, wage and social debts -€26,976
down €26,976 (-74.9%), from €35,997 to €9,021
- Debts after one year -€5,978
no longer reported in 2025 (was €5,978)
- Trade debts +€4,381
up €4,381 (+112.2%), from €3,904 to €8,285
- Gross operating margin -€154,030
down €154,030, from €151,677 to -€2,353
- Taxes -€18,307
down €18,307 (-99.2%), from €18,460 to €154
- Depreciation -€6,926
down €6,926 (-46.1%), from €15,024 to €8,098
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 | €118,644 | €84,426 | -€34,218 | -28.8% |
| Fixed assets | 21/28 | €9,356 | €8,514 | -€843 | -9.0% |
| Tangible fixed assets | 22/27 | €9,356 | €8,514 | -€843 | -9.0% |
| Furniture and vehicles | 24 | €2,860 | €8,514 | +€5,654 | +197.7% |
| Leasing and similar rights | 25 | €6,497 | - | -€6,497 | |
| Current assets | 29/58 | €109,288 | €75,912 | -€33,375 | -30.5% |
| Amounts receivable within one year | 40/41 | €32,553 | €31,349 | -€1,203 | -3.7% |
| Trade receivables | 40 | €19,240 | €15,010 | -€4,230 | -22.0% |
| Other amounts receivable | 41 | €13,313 | €16,339 | +€3,026 | +22.7% |
| Cash at bank and in hand | 54/58 | €75,976 | €43,184 | -€32,792 | -43.2% |
| Deferred charges and accrued income | 490/1 | €759 | €1,379 | +€620 | +81.8% |
| Total equity and liabilities | 10/49 | €118,644 | €84,426 | -€34,218 | -28.8% |
| Equity | 10/15 | €12,400 | €67,119 | +€54,719 | +441.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €54,719 | +€54,719 | |
| Distributable reserves | 133 | - | €54,719 | +€54,719 | |
| Amounts payable | 17/49 | €106,244 | €17,307 | -€88,937 | -83.7% |
| Amounts payable after more than one year | 17 | €5,978 | - | -€5,978 | |
| Financial debts | 170/4 | €5,978 | - | -€5,978 | |
| Amounts payable within one year | 42/48 | €100,257 | €17,307 | -€82,950 | -82.7% |
| Current portion of amounts payable after more than one year | 42 | €4,214 | - | -€4,214 | |
| Trade debts | 44 | €3,904 | €8,285 | +€4,381 | +112.2% |
| Suppliers | 440/4 | €3,904 | €8,285 | +€4,381 | +112.2% |
| Taxes, remuneration and social security | 45 | €35,997 | €9,021 | -€26,976 | -74.9% |
| Taxes | 450/3 | €35,997 | €9,021 | -€26,976 | -74.9% |
| Other amounts payable | 47/48 | €56,141 | - | -€56,141 | |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,024 | €8,098 | -€6,926 | -46.1% |
| Other operating charges | 640/8 | €901 | €572 | -€329 | -36.6% |
| Gross operating margin | 9900 | €151,677 | -€2,353 | -€154,030 | |
| Operating profit (loss) | 9901 | €135,752 | -€11,023 | -€146,775 | |
| Financial income | 75/76B | €3 | €32 | +€29 | +969.0% |
| Recurring financial income | 75 | €3 | €32 | +€29 | +969.0% |
| Financial charges | 65/66B | €486 | €185 | -€301 | -62.0% |
| Recurring financial charges | 65 | €486 | €185 | -€301 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €135,269 | -€11,176 | -€146,444 | |
| Income taxes | 67/77 | €18,460 | €154 | -€18,307 | -99.2% |
| Profit (loss) for the period | 9904 | €116,808 | -€11,329 | -€128,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,808 | -€11,329 | -€128,137 |
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 5 October 2026 via checked.be.