WI BUILD: 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.
WI BUILD
Largest movements
- Stocks and contracts +€93,400
up €93,400 (+73.3%), from €127,491 to €220,891
- Cash +€91,765
up €91,765 (+144%), from €63,834 to €155,599
mainly Net result for the year (+€94,110) and Depreciation (+€29,168)
- Tangible fixed assets -€29,168
down €29,168 (-7.6%), from €384,250 to €355,082
of which Other tangible fixed assets: -€18,452
- Receivables within one year -€27,473
down €27,473 (-35.7%), from €76,861 to €49,388
of which Trade receivables: -€21,117
- Reserves +€68,514
up €68,514 (+41.6%), from €164,715 to €233,229
- Other debts +€24,441
up €24,441 (+31.2%), from €78,434 to €102,876
- Tax, wage and social debts +€19,802
up €19,802 (+338%), from €5,850 to €25,652
of which Taxes: +€20,891
- Trade debts +€12,625
up €12,625 (+84.9%), from €14,865 to €27,490
- Gross operating margin +€53,584
up €53,584 (+30.4%), from €176,077 to €229,661
- Other operating charges -€16,560
down €16,560 (-63.1%), from €26,232 to €9,672
- Taxes +€16,116
up €16,116 (+117%), from €13,824 to €29,940
- Staff costs +€5,379
up €5,379 (+10.4%), from €51,734 to €57,112
- Financial charges +€2,936
up €2,936 (+50.0%), from €5,878 to €8,814
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 | €654,644 | €785,123 | +€130,480 | +19.9% |
| Fixed assets | 21/28 | €384,250 | €355,082 | -€29,168 | -7.6% |
| Tangible fixed assets | 22/27 | €384,250 | €355,082 | -€29,168 | -7.6% |
| Plant, machinery and equipment | 23 | €15,138 | €7,194 | -€7,944 | -52.5% |
| Furniture and vehicles | 24 | €5,545 | €2,773 | -€2,772 | -50.0% |
| Other tangible fixed assets | 26 | €363,567 | €345,114 | -€18,452 | -5.1% |
| Current assets | 29/58 | €270,394 | €430,041 | +€159,647 | +59.0% |
| Stocks and contracts in progress | 3 | €127,491 | €220,891 | +€93,400 | +73.3% |
| Stocks | 30/36 | €127,491 | €220,891 | +€93,400 | +73.3% |
| Amounts receivable within one year | 40/41 | €76,861 | €49,388 | -€27,473 | -35.7% |
| Trade receivables | 40 | €70,505 | €49,388 | -€21,117 | -30.0% |
| Other amounts receivable | 41 | €6,356 | - | -€6,356 | |
| Cash at bank and in hand | 54/58 | €63,834 | €155,599 | +€91,765 | +144% |
| Deferred charges and accrued income | 490/1 | €2,208 | €4,164 | +€1,956 | +88.6% |
| Total equity and liabilities | 10/49 | €654,644 | €785,123 | +€130,480 | +19.9% |
| Equity | 10/15 | €188,778 | €251,403 | +€62,625 | +33.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €164,715 | €233,229 | +€68,514 | +41.6% |
| Distributable reserves | 133 | €164,715 | €233,229 | +€68,514 | +41.6% |
| Profit (loss) carried forward | 14 | €14,064 | €8,174 | -€5,890 | -41.9% |
| Amounts payable | 17/49 | €465,865 | €533,720 | +€67,855 | +14.6% |
| Amounts payable after more than one year | 17 | €339,502 | €346,899 | +€7,396 | +2.2% |
| Financial debts | 170/4 | €339,502 | €346,899 | +€7,396 | +2.2% |
| Amounts payable within one year | 42/48 | €124,981 | €182,131 | +€57,150 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €25,831 | €26,113 | +€282 | +1.1% |
| Trade debts | 44 | €14,865 | €27,490 | +€12,625 | +84.9% |
| Suppliers | 440/4 | €14,865 | €27,490 | +€12,625 | +84.9% |
| Taxes, remuneration and social security | 45 | €5,850 | €25,652 | +€19,802 | +338% |
| Taxes | 450/3 | €2,824 | €23,715 | +€20,891 | +740% |
| Remuneration and social security | 454/9 | €3,026 | €1,937 | -€1,089 | -36.0% |
| Other amounts payable | 47/48 | €78,434 | €102,876 | +€24,441 | +31.2% |
| Accrued charges and deferred income | 492/3 | €1,382 | €4,691 | +€3,308 | +239% |
| Remuneration, social security and pensions | 62 | €51,734 | €57,112 | +€5,379 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,634 | €29,168 | -€1,467 | -4.8% |
| Other operating charges | 640/8 | €26,232 | €9,672 | -€16,560 | -63.1% |
| Non-recurring operating charges | 66A | €444 | €1,723 | +€1,279 | +288% |
| Gross operating margin | 9900 | €176,077 | €229,661 | +€53,584 | +30.4% |
| Operating profit (loss) | 9901 | €67,033 | €131,987 | +€64,954 | +96.9% |
| Financial income | 75/76B | €124 | €878 | +€754 | +610% |
| Recurring financial income | 75 | €124 | €878 | +€754 | +610% |
| Financial charges | 65/66B | €5,878 | €8,814 | +€2,936 | +50.0% |
| Recurring financial charges | 65 | €5,878 | €8,814 | +€2,936 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €61,279 | €124,051 | +€62,772 | +102% |
| Income taxes | 67/77 | €13,824 | €29,940 | +€16,116 | +117% |
| Profit (loss) for the period | 9904 | €47,455 | €94,110 | +€46,656 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,455 | €94,110 | +€46,656 | +98.3% |
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 15 October 2026 via checked.be.