WITLOV: what changed
Two fiscal 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.
WITLOV
Largest movements
- Receivables within one year +€83,035
up €83,035 (+101.1%), from €82,167 to €165,202
of which Trade receivables: +€83,199
- Tangible fixed assets -€41,551
down €41,551 (-3.5%), from €1.2m to €1.1m
of which Assets under construction and advance payments: -€883,600
- Cash -€18,358
down €18,358 (-72.1%), from €25,445 to €7,087
mainly Receivables within one year (-€83,035) and Net result for the year (-€67,733)
- Trade debts +€117,795
up €117,795 (+242.6%), from €48,559 to €166,354
- Profit (loss) carried forward -€67,733
down €67,733 (-98.7%), from -€68,619 to -€136,351
- Debts after one year -€48,107
down €48,107 (-4.2%), from €1.1m to €1.1m
- Gross operating margin +€77,769
up €77,769 (+10.6%), from €734,712 to €812,481
- Depreciation +€48,010
up €48,010 (+796.9%), from €6,025 to €54,034
- Staff costs -€19,110
down €19,110 (-2.4%), from €789,259 to €770,148
- Financial charges +€17,535
up €17,535 (+50.7%), from €34,570 to €52,105
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 | €1,309,905 | €1,333,107 | +€23,202 | +1.8% |
| Fixed assets | 21/28 | €1,187,593 | €1,146,042 | -€41,551 | -3.5% |
| Tangible fixed assets | 22/27 | €1,186,593 | €1,145,042 | -€41,551 | -3.5% |
| Land and buildings | 22 | €265,223 | €1,116,503 | +€851,280 | +321.0% |
| Plant, machinery and equipment | 23 | €37,770 | €28,539 | -€9,231 | -24.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €883,600 | €0 | -€883,600 | -100.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €122,312 | €187,065 | +€64,753 | +52.9% |
| Stocks and contracts in progress | 3 | €6,022 | €7,320 | +€1,298 | +21.6% |
| Stocks | 30/36 | €6,022 | €7,320 | +€1,298 | +21.6% |
| Amounts receivable within one year | 40/41 | €82,167 | €165,202 | +€83,035 | +101.1% |
| Trade receivables | 40 | €75,863 | €159,061 | +€83,199 | +109.7% |
| Other amounts receivable | 41 | €6,305 | €6,141 | -€164 | -2.6% |
| Cash at bank and in hand | 54/58 | €25,445 | €7,087 | -€18,358 | -72.1% |
| Deferred charges and accrued income | 490/1 | €8,677 | €7,456 | -€1,222 | -14.1% |
| Total equity and liabilities | 10/49 | €1,309,905 | €1,333,107 | +€23,202 | +1.8% |
| Equity | 10/15 | -€66,619 | -€134,351 | -€67,733 | -101.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,619 | -€136,351 | -€67,733 | -98.7% |
| Amounts payable | 17/49 | €1,376,524 | €1,467,459 | +€90,935 | +6.6% |
| Amounts payable after more than one year | 17 | €1,143,248 | €1,095,141 | -€48,107 | -4.2% |
| Financial debts | 170/4 | €1,143,248 | €1,095,141 | -€48,107 | -4.2% |
| Amounts payable within one year | 42/48 | €223,712 | €361,090 | +€137,378 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €46,095 | €48,107 | +€2,012 | +4.4% |
| Financial debts | 43 | €337 | €11,442 | +€11,104 | +3294.0% |
| Credit institutions | 430/8 | €337 | €0 | -€337 | -100.0% |
| Other loans | 439 | - | €11,442 | +€11,442 | |
| Trade debts | 44 | €48,559 | €166,354 | +€117,795 | +242.6% |
| Suppliers | 440/4 | €48,559 | €166,354 | +€117,795 | +242.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €127,137 | €132,547 | +€5,409 | +4.3% |
| Taxes | 450/3 | €42,165 | €46,887 | +€4,722 | +11.2% |
| Remuneration and social security | 454/9 | €84,973 | €85,660 | +€687 | +0.8% |
| Other amounts payable | 47/48 | €1,585 | €2,641 | +€1,056 | +66.6% |
| Accrued charges and deferred income | 492/3 | €9,563 | €11,227 | +€1,664 | +17.4% |
| Remuneration, social security and pensions | 62 | €789,259 | €770,148 | -€19,110 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,025 | €54,034 | +€48,010 | +796.9% |
| Other operating charges | 640/8 | €7,274 | €4,303 | -€2,972 | -40.8% |
| Gross operating margin | 9900 | €734,712 | €812,481 | +€77,769 | +10.6% |
| Operating profit (loss) | 9901 | -€67,846 | -€16,004 | +€51,842 | +76.4% |
| Financial income | 75/76B | €2,312 | €376 | -€1,936 | -83.7% |
| Recurring financial income | 75 | €2,312 | €376 | -€1,936 | -83.7% |
| Financial charges | 65/66B | €34,570 | €52,105 | +€17,535 | +50.7% |
| Recurring financial charges | 65 | €34,570 | €52,105 | +€17,535 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | -€100,103 | -€67,733 | +€32,371 | +32.3% |
| Profit (loss) for the period | 9904 | -€100,103 | -€67,733 | +€32,371 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,103 | -€67,733 | +€32,371 | +32.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.