WITEB 4: 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 4
Largest movements
- Tangible fixed assets +€1.6m
new in 2026: €1.6m
of which Other tangible fixed assets: +€1.6m
- Receivables within one year +€641,799
up €641,799 (+429.3%), from €149,501 to €791,300
of which Trade receivables: +€783,996
- Intangible fixed assets +€571,107
new in 2026: €571,107
- Stocks and contracts +€293,755
new in 2026: €293,755
- Short-term financial debts +€3.0m
new in 2026: €3.0m
- Tax, wage and social debts +€107,762
new in 2026: €107,762
of which Remuneration and social security: +€103,014
- Trade debts +€93,252
up €93,252 (+2995.3%), from €3,113 to €96,365
- Profit (loss) carried forward -€75,174
down €75,174 (-2081.3%), from -€3,612 to -€78,785
- Gross operating margin +€807,485
up €807,485, from -€5,090 to €802,395
- Staff costs +€539,888
up €539,888, from -€1,885 to €538,003
- Depreciation +€299,998
new in 2026: €299,998
- Financial charges +€38,259
up €38,259 (+4660.8%), from €821 to €39,080
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 | €149,501 | €3,306,276 | +€3.2m | +2111.5% |
| Fixed assets | 21/28 | - | €2,194,315 | +€2.2m | |
| Intangible fixed assets | 21 | - | €571,107 | +€571,107 | |
| Tangible fixed assets | 22/27 | - | €1,620,664 | +€1.6m | |
| Plant, machinery and equipment | 23 | - | €629 | +€629 | |
| Other tangible fixed assets | 26 | - | €1,620,036 | +€1.6m | |
| Financial fixed assets | 28 | - | €2,543 | +€2,543 | |
| Current assets | 29/58 | €149,501 | €1,111,962 | +€962,460 | +643.8% |
| Stocks and contracts in progress | 3 | - | €293,755 | +€293,755 | |
| Stocks | 30/36 | - | €293,755 | +€293,755 | |
| Amounts receivable within one year | 40/41 | €149,501 | €791,300 | +€641,799 | +429.3% |
| Trade receivables | 40 | €7,305 | €791,300 | +€783,996 | +10732.6% |
| Other amounts receivable | 41 | €142,196 | €0 | -€142,196 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €26,906 | +€26,906 | |
| Total equity and liabilities | 10/49 | €149,501 | €3,306,276 | +€3.2m | +2111.5% |
| Equity | 10/15 | €146,388 | €71,215 | -€75,174 | -51.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,612 | -€78,785 | -€75,174 | -2081.3% |
| Amounts payable | 17/49 | €3,113 | €3,235,062 | +€3.2m | +103813.7% |
| Amounts payable within one year | 42/48 | €3,113 | €3,235,062 | +€3.2m | +103813.7% |
| Financial debts | 43 | - | €3,030,935 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,030,935 | +€3.0m | |
| Trade debts | 44 | €3,113 | €96,365 | +€93,252 | +2995.3% |
| Suppliers | 440/4 | €3,113 | €96,365 | +€93,252 | +2995.3% |
| Taxes, remuneration and social security | 45 | - | €107,762 | +€107,762 | |
| Taxes | 450/3 | - | €4,748 | +€4,748 | |
| Remuneration and social security | 454/9 | - | €103,014 | +€103,014 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,885 | €538,003 | +€539,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €299,998 | +€299,998 | |
| Other operating charges | 640/8 | €1,128 | €1,562 | +€434 | +38.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€5,090 | €802,395 | +€807,485 | |
| Operating profit (loss) | 9901 | -€4,332 | -€37,167 | -€32,834 | -757.9% |
| Financial income | 75/76B | €3,924 | €1,073 | -€2,852 | -72.7% |
| Recurring financial income | 75 | €3,924 | €1,073 | -€2,852 | -72.7% |
| Financial charges | 65/66B | €821 | €39,080 | +€38,259 | +4660.8% |
| Recurring financial charges | 65 | €821 | €39,080 | +€38,259 | +4660.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,229 | -€75,174 | -€73,945 | -6017.4% |
| Profit (loss) for the period | 9904 | -€1,229 | -€75,174 | -€73,945 | -6017.4% |
| Transfer from tax-exempt reserves | 789 | €529 | €0 | -€529 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€700 | -€75,174 | -€74,474 | -10646.0% |
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 9 October 2026 via checked.be.