WITEB 5: 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 5
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m, from €0 to €1.3m
of which Other tangible fixed assets: +€1.3m
- Receivables within one year -€162,593
down €162,593 (-81.9%), from €198,490 to €35,897
of which Other amounts receivable: -€192,917
- Cash +€20,462
up €20,462 (+46,189%), from €44 to €20,506
mainly Trade debts (+€1.4m) and Receivables within one year (+€162,593)
- Trade debts +€1.4m
up €1.4m (+11,644%), from €11,599 to €1.4m
- Profit (loss) carried forward -€189,138
new in 2026: -€189,138
- Reserves -€33,228
down €33,228 (-100%), from €33,228 to €0
- Other debts +€24,273
up €24,273, from €0 to €24,273
- Tax, wage and social debts +€15,222
up €15,222 (+411%), from €3,708 to €18,930
of which Remuneration and social security: +€18,110
- Gross operating margin -€343,531
down €343,531, from €282,984 to -€60,547
- Staff costs -€92,823
down €92,823 (-39.9%), from €232,674 to €139,851
- Financial charges -€16,896
down €16,896 (-76.9%), from €21,985 to €5,090
- Depreciation +€15,937
up €15,937, from €0 to €15,937
- Taxes -€3,325
down €3,325 (-89.7%), from €3,708 to €383
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.
Derived cash bridge
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 | €198,534 | €1,366,216 | +€1.2m | +588% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | €1,309,814 | +€1.3m | |
| Tangible fixed assets | 22/27 | €0 | €1,306,094 | +€1.3m | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €1,306,094 | +€1.3m | |
| Financial fixed assets | 28 | - | €3,720 | +€3,720 | |
| Current assets | 29/58 | €198,534 | €56,403 | -€142,132 | -71.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €198,490 | €35,897 | -€162,593 | -81.9% |
| Trade receivables | 40 | €3,896 | €34,219 | +€30,324 | +778% |
| Other amounts receivable | 41 | €194,594 | €1,677 | -€192,917 | -99.1% |
| Cash at bank and in hand | 54/58 | €44 | €20,506 | +€20,462 | +46,189% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €198,534 | €1,366,216 | +€1.2m | +588% |
| Equity | 10/15 | €183,228 | -€39,138 | -€222,366 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €33,228 | €0 | -€33,228 | -100% |
| Distributable reserves | 133 | €33,228 | €0 | -€33,228 | -100% |
| Profit (loss) carried forward | 14 | - | -€189,138 | -€189,138 | |
| Amounts payable | 17/49 | €15,307 | €1,405,355 | +€1.4m | +9,081% |
| Amounts payable within one year | 42/48 | €15,307 | €1,405,355 | +€1.4m | +9,081% |
| Trade debts | 44 | €11,599 | €1,362,152 | +€1.4m | +11,644% |
| Suppliers | 440/4 | €11,599 | €1,362,152 | +€1.4m | +11,644% |
| Taxes, remuneration and social security | 45 | €3,708 | €18,930 | +€15,222 | +411% |
| Taxes | 450/3 | €3,708 | €819 | -€2,888 | -77.9% |
| Remuneration and social security | 454/9 | €0 | €18,110 | +€18,110 | |
| Other amounts payable | 47/48 | €0 | €24,273 | +€24,273 | |
| Remuneration, social security and pensions | 62 | €232,674 | €139,851 | -€92,823 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €15,937 | +€15,937 | |
| Other operating charges | 640/8 | €2,147 | €2,613 | +€466 | +21.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €282,984 | -€60,547 | -€343,531 | |
| Operating profit (loss) | 9901 | €48,164 | -€218,947 | -€267,111 | |
| Financial income | 75/76B | €1,941 | €2,053 | +€112 | +5.8% |
| Recurring financial income | 75 | €1,941 | €2,053 | +€112 | +5.8% |
| Financial charges | 65/66B | €21,985 | €5,090 | -€16,896 | -76.9% |
| Recurring financial charges | 65 | €21,985 | €5,090 | -€16,896 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €28,120 | -€221,983 | -€250,103 | |
| Income taxes | 67/77 | €3,708 | €383 | -€3,325 | -89.7% |
| Profit (loss) for the period | 9904 | €24,412 | -€222,366 | -€246,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,412 | -€222,366 | -€246,778 |
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 20 October 2026 via checked.be.