WHYZZLE: 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.
WHYZZLE
Largest movements
- Financial fixed assets +€83,600
new in 2025: €83,600
- Intangible fixed assets +€74,258
new in 2025: €74,258
- Tangible fixed assets +€8,381
new in 2025: €8,381
- Receivables within one year +€3,598
up €3,598 (+5.4%), from €66,786 to €70,384
of which Trade receivables: +€1,910
- Debts after one year +€111,843
new in 2025: €111,843
- Trade debts +€30,573
up €30,573 (+569.3%), from €5,370 to €35,943
- Current portion of long-term debt +€23,157
new in 2025: €23,157
- Profit (loss) carried forward +€12,465
up €12,465 (+134.6%), from €9,262 to €21,727
- Short-term financial debts -€5,001
down €5,001 (-22.8%), from €21,927 to €16,926
- Gross operating margin +€3,532
up €3,532 (+18.0%), from €19,583 to €23,115
- Other operating charges -€2,905
down €2,905 (-82.6%), from €3,517 to €612
- Depreciation +€1,875
up €1,875 (+1359.1%), from €138 to €2,013
- Financial charges +€743
up €743 (+25.2%), from €2,951 to €3,693
- Financial income +€273
up €273 (+40086.8%), from €1 to €273
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 | €67,010 | €236,624 | +€169,613 | +253.1% |
| Fixed assets | 21/28 | - | €166,240 | +€166,240 | |
| Intangible fixed assets | 21 | - | €74,258 | +€74,258 | |
| Tangible fixed assets | 22/27 | - | €8,381 | +€8,381 | |
| Furniture and vehicles | 24 | - | €8,381 | +€8,381 | |
| Financial fixed assets | 28 | - | €83,600 | +€83,600 | |
| Current assets | 29/58 | €67,010 | €70,384 | +€3,374 | +5.0% |
| Amounts receivable within one year | 40/41 | €66,786 | €70,384 | +€3,598 | +5.4% |
| Trade receivables | 40 | €66,618 | €68,529 | +€1,910 | +2.9% |
| Other amounts receivable | 41 | €168 | €1,855 | +€1,687 | +1004.4% |
| Cash at bank and in hand | 54/58 | €24 | - | -€24 | |
| Deferred charges and accrued income | 490/1 | €200 | - | -€200 | |
| Total equity and liabilities | 10/49 | €67,010 | €236,624 | +€169,613 | +253.1% |
| Equity | 10/15 | €27,322 | €39,787 | +€12,465 | +45.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,262 | €21,727 | +€12,465 | +134.6% |
| Amounts payable | 17/49 | €39,688 | €196,837 | +€157,149 | +396.0% |
| Amounts payable after more than one year | 17 | - | €111,843 | +€111,843 | |
| Financial debts | 170/4 | - | €111,843 | +€111,843 | |
| Amounts payable within one year | 42/48 | €39,688 | €84,994 | +€45,305 | +114.2% |
| Current portion of amounts payable after more than one year | 42 | - | €23,157 | +€23,157 | |
| Financial debts | 43 | €21,927 | €16,926 | -€5,001 | -22.8% |
| Credit institutions | 430/8 | €21,927 | €16,926 | -€5,001 | -22.8% |
| Trade debts | 44 | €5,370 | €35,943 | +€30,573 | +569.3% |
| Suppliers | 440/4 | €5,370 | €35,943 | +€30,573 | +569.3% |
| Taxes, remuneration and social security | 45 | €12,391 | €8,968 | -€3,423 | -27.6% |
| Taxes | 450/3 | €12,391 | €8,968 | -€3,423 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €2,013 | +€1,875 | +1359.1% |
| Other operating charges | 640/8 | €3,517 | €612 | -€2,905 | -82.6% |
| Gross operating margin | 9900 | €19,583 | €23,115 | +€3,532 | +18.0% |
| Operating profit (loss) | 9901 | €15,929 | €20,491 | +€4,562 | +28.6% |
| Financial income | 75/76B | €1 | €273 | +€273 | +40086.8% |
| Recurring financial income | 75 | €1 | €273 | +€273 | +40086.8% |
| Financial charges | 65/66B | €2,951 | €3,693 | +€743 | +25.2% |
| Recurring financial charges | 65 | €2,951 | €3,693 | +€743 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €12,979 | €17,071 | +€4,092 | +31.5% |
| Income taxes | 67/77 | €4,695 | €4,606 | -€89 | -1.9% |
| Profit (loss) for the period | 9904 | €8,284 | €12,465 | +€4,181 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,284 | €12,465 | +€4,181 | +50.5% |
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 8 October 2026 via checked.be.