WIDEN ADVISORY: 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.
WIDEN ADVISORY
Largest movements
- Receivables within one year +€186,091
up €186,091 (+89.2%), from €208,512 to €394,603
of which Trade receivables: +€188,093
- Cash +€48,281
up €48,281 (+11.4%), from €424,007 to €472,289
mainly Other debts (+€383,596) and Net result for the year (+€232,297)
- Other debts +€383,596
up €383,596 (+310%), from €123,614 to €507,210
- Reserves -€323,768
down €323,768 (-100%), from €323,768 to €0
- Trade debts +€182,169
up €182,169 (+108%), from €168,965 to €351,134
- Accrued charges and deferred income -€10,743
down €10,743 (-100%), from €10,743 to €0
- Write-downs +€301,300
new in 2025: €301,300
- Gross operating margin +€197,972
up €197,972 (+47.5%), from €416,948 to €614,920
- Taxes -€26,356
down €26,356 (-25.0%), from €105,238 to €78,882
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 | €643,732 | €880,504 | +€236,772 | +36.8% |
| Fixed assets | 21/28 | €7,655 | €6,402 | -€1,253 | -16.4% |
| Tangible fixed assets | 22/27 | €3,655 | €2,402 | -€1,253 | -34.3% |
| Plant, machinery and equipment | 23 | €3,655 | €2,402 | -€1,253 | -34.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €636,077 | €874,102 | +€238,024 | +37.4% |
| Amounts receivable within one year | 40/41 | €208,512 | €394,603 | +€186,091 | +89.2% |
| Trade receivables | 40 | €160,672 | €348,765 | +€188,093 | +117% |
| Other amounts receivable | 41 | €47,841 | €45,838 | -€2,002 | -4.2% |
| Cash at bank and in hand | 54/58 | €424,007 | €472,289 | +€48,281 | +11.4% |
| Deferred charges and accrued income | 490/1 | €3,558 | €7,210 | +€3,652 | +103% |
| Total equity and liabilities | 10/49 | €643,732 | €880,504 | +€236,772 | +36.8% |
| Equity | 10/15 | €340,331 | €16,563 | -€323,768 | -95.1% |
| Contributions | 10/11 | €16,563 | €16,563 | = | 0.0% |
| Reserves | 13 | €323,768 | €0 | -€323,768 | -100% |
| Distributable reserves | 133 | €323,768 | €0 | -€323,768 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,401 | €863,941 | +€560,540 | +185% |
| Amounts payable within one year | 42/48 | €292,658 | €863,941 | +€571,282 | +195% |
| Financial debts | 43 | - | €1,636 | +€1,636 | |
| Credit institutions | 430/8 | - | €1,636 | +€1,636 | |
| Trade debts | 44 | €168,965 | €351,134 | +€182,169 | +108% |
| Suppliers | 440/4 | €168,965 | €351,134 | +€182,169 | +108% |
| Taxes, remuneration and social security | 45 | €80 | €3,961 | +€3,882 | +4,874% |
| Taxes | 450/3 | €80 | €3,961 | +€3,882 | +4,874% |
| Other amounts payable | 47/48 | €123,614 | €507,210 | +€383,596 | +310% |
| Accrued charges and deferred income | 492/3 | €10,743 | €0 | -€10,743 | -100% |
| Remuneration, social security and pensions | 62 | €940 | €0 | -€940 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €1,253 | +€1,150 | +1,115% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €301,300 | +€301,300 | |
| Other operating charges | 640/8 | €2,148 | €1,007 | -€1,141 | -53.1% |
| Non-recurring operating charges | 66A | €58 | €0 | -€58 | -100% |
| Gross operating margin | 9900 | €416,948 | €614,920 | +€197,972 | +47.5% |
| Operating profit (loss) | 9901 | €413,699 | €311,361 | -€102,338 | -24.7% |
| Financial income | 75/76B | €527 | €0 | -€527 | -100% |
| Recurring financial income | 75 | €527 | €0 | -€527 | -100% |
| Financial charges | 65/66B | €1,574 | €182 | -€1,392 | -88.4% |
| Recurring financial charges | 65 | €1,574 | €182 | -€1,392 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €412,652 | €311,179 | -€101,473 | -24.6% |
| Income taxes | 67/77 | €105,238 | €78,882 | -€26,356 | -25.0% |
| Profit (loss) for the period | 9904 | €307,414 | €232,297 | -€75,117 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €307,414 | €232,297 | -€75,117 | -24.4% |
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 26 October 2026 via checked.be.