WITEB 2: 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.
WITEB 2
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m, from €0 to €1.1m
of which Other tangible fixed assets: +€1.1m
- Stocks and contracts +€287,510
up €287,510, from €0 to €287,510
- Receivables within one year +€140,082
up €140,082 (+89.2%), from €157,105 to €297,187
of which Trade receivables: +€297,187
- Intangible fixed assets +€55,834
new in 2026: €55,834
- Cash +€32,189
up €32,189, from €0 to €32,189
mainly Other debts (+€1.5m) and Trade debts (+€129,514)
- Other debts +€1.5m
up €1.5m, from €0 to €1.5m
- Trade debts +€129,514
up €129,514 (+4179.2%), from €3,099 to €132,613
- Profit (loss) carried forward -€112,775
down €112,775, from €0 to -€112,775
- Tax, wage and social debts +€58,785
up €58,785 (+3843.3%), from €1,530 to €60,314
of which Remuneration and social security: +€57,691
- Gross operating margin -€185,056
down €185,056 (-50.4%), from €367,226 to €182,170
- Other operating charges -€183,766
down €183,766 (-99.2%), from €185,172 to €1,407
- Depreciation +€64,983
up €64,983, from €0 to €64,983
- Staff costs +€60,801
up €60,801 (+37.3%), from €162,964 to €223,766
- Financial income -€4,649
down €4,649 (-74.8%), from €6,215 to €1,566
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,105 | €1,774,014 | +€1.6m | +1029.2% |
| Fixed assets | 21/28 | €0 | €1,156,299 | +€1.2m | |
| Intangible fixed assets | 21 | - | €55,834 | +€55,834 | |
| Tangible fixed assets | 22/27 | €0 | €1,098,245 | +€1.1m | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €1,098,245 | +€1.1m | |
| Financial fixed assets | 28 | - | €2,220 | +€2,220 | |
| Current assets | 29/58 | €157,105 | €617,715 | +€460,609 | +293.2% |
| Stocks and contracts in progress | 3 | €0 | €287,510 | +€287,510 | |
| Stocks | 30/36 | €0 | €287,510 | +€287,510 | |
| Amounts receivable within one year | 40/41 | €157,105 | €297,187 | +€140,082 | +89.2% |
| Trade receivables | 40 | €0 | €297,187 | +€297,187 | |
| Other amounts receivable | 41 | €157,105 | €0 | -€157,105 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €32,189 | +€32,189 | |
| Deferred charges and accrued income | 490/1 | €0 | €828 | +€828 | |
| Total equity and liabilities | 10/49 | €157,105 | €1,774,014 | +€1.6m | +1029.2% |
| Equity | 10/15 | €152,477 | €37,225 | -€115,252 | -75.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,477 | €0 | -€2,477 | -100.0% |
| Distributable reserves | 133 | €2,477 | €0 | -€2,477 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€112,775 | -€112,775 | |
| Amounts payable | 17/49 | €4,629 | €1,736,789 | +€1.7m | +37423.5% |
| Amounts payable within one year | 42/48 | €4,629 | €1,736,789 | +€1.7m | +37423.5% |
| Trade debts | 44 | €3,099 | €132,613 | +€129,514 | +4179.2% |
| Suppliers | 440/4 | €3,099 | €132,613 | +€129,514 | +4179.2% |
| Taxes, remuneration and social security | 45 | €1,530 | €60,314 | +€58,785 | +3843.3% |
| Taxes | 450/3 | €1,530 | €2,623 | +€1,094 | +71.5% |
| Remuneration and social security | 454/9 | €0 | €57,691 | +€57,691 | |
| Other amounts payable | 47/48 | €0 | €1,543,861 | +€1.5m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €162,964 | €223,766 | +€60,801 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €64,983 | +€64,983 | |
| Other operating charges | 640/8 | €185,172 | €1,407 | -€183,766 | -99.2% |
| Gross operating margin | 9900 | €367,226 | €182,170 | -€185,056 | -50.4% |
| Operating profit (loss) | 9901 | €19,089 | -€107,985 | -€127,075 | |
| Financial income | 75/76B | €6,215 | €1,566 | -€4,649 | -74.8% |
| Recurring financial income | 75 | €6,215 | €1,566 | -€4,649 | -74.8% |
| Financial charges | 65/66B | €4,258 | €8,816 | +€4,558 | +107.1% |
| Recurring financial charges | 65 | €4,258 | €8,816 | +€4,558 | +107.1% |
| Profit (loss) for the period before taxes | 9903 | €21,046 | -€115,235 | -€136,282 | |
| Income taxes | 67/77 | €4,030 | €16 | -€4,013 | -99.6% |
| Profit (loss) for the period | 9904 | €17,017 | -€115,252 | -€132,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,017 | -€115,252 | -€132,268 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.