WITS: 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.
WITS
Largest movements
- Tangible fixed assets -€815,948
down €815,948 (-99.1%), from €823,318 to €7,370
of which Land and buildings: -€810,330
- Receivables within one year -€229,937
down €229,937 (-43.4%), from €529,835 to €299,898
- Intangible fixed assets -€139,704
down €139,704 (-33.0%), from €422,918 to €283,214
- Stocks and contracts -€40,720
down €40,720 (-23.2%), from €175,830 to €135,110
of which Stocks: -€41,217
- Deferred charges and accrued income -€32,077
down €32,077 (-57.4%), from €55,918 to €23,841
- Debts after one year -€570,500
down €570,500 (-46.5%), from €1.2m to €656,451
- Revaluation surpluses -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Investment grants -€165,017
down €165,017 (-100.0%), from €165,017 to €0
- Tax, wage and social debts -€110,433
down €110,433 (-37.9%), from €291,600 to €181,167
of which Remuneration and social security: -€99,776
- Profit (loss) carried forward -€81,000
down €81,000 (-19.2%), from -€421,048 to -€502,047
- Gross operating margin +€449,566
up €449,566 (+33.9%), from €1.3m to €1.8m
- Staff costs +€191,510
up €191,510 (+13.6%), from €1.4m to €1.6m
- Depreciation +€36,612
up €36,612 (+20.6%), from €178,125 to €214,737
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,021,106 | €766,379 | -€1.3m | -62.1% |
| Fixed assets | 21/28 | €1,246,236 | €296,583 | -€949,652 | -76.2% |
| Intangible fixed assets | 21 | €422,918 | €283,214 | -€139,704 | -33.0% |
| Tangible fixed assets | 22/27 | €823,318 | €7,370 | -€815,948 | -99.1% |
| Land and buildings | 22 | €810,330 | €0 | -€810,330 | -100.0% |
| Furniture and vehicles | 24 | €12,988 | €7,370 | -€5,618 | -43.3% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €774,870 | €469,796 | -€305,074 | -39.4% |
| Stocks and contracts in progress | 3 | €175,830 | €135,110 | -€40,720 | -23.2% |
| Stocks | 30/36 | €175,830 | €134,613 | -€41,217 | -23.4% |
| Contracts in progress | 37 | €0 | €497 | +€497 | |
| Amounts receivable within one year | 40/41 | €529,835 | €299,898 | -€229,937 | -43.4% |
| Trade receivables | 40 | €529,835 | €299,898 | -€229,937 | -43.4% |
| Cash at bank and in hand | 54/58 | €13,288 | €10,947 | -€2,340 | -17.6% |
| Deferred charges and accrued income | 490/1 | €55,918 | €23,841 | -€32,077 | -57.4% |
| Total equity and liabilities | 10/49 | €2,021,106 | €766,379 | -€1.3m | -62.1% |
| Equity | 10/15 | €11,619 | -€434,397 | -€446,016 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €0 | -€200,000 | -100.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€421,048 | -€502,047 | -€81,000 | -19.2% |
| Investment grants | 15 | €165,017 | €0 | -€165,017 | -100.0% |
| Amounts payable | 17/49 | €2,009,487 | €1,200,777 | -€808,710 | -40.2% |
| Amounts payable after more than one year | 17 | €1,226,951 | €656,451 | -€570,500 | -46.5% |
| Financial debts | 170/4 | €1,226,951 | €656,451 | -€570,500 | -46.5% |
| Amounts payable within one year | 42/48 | €722,485 | €514,775 | -€207,711 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €58,000 | €0 | -€58,000 | -100.0% |
| Financial debts | 43 | €64,300 | €93,296 | +€28,996 | +45.1% |
| Credit institutions | 430/8 | €64,300 | €93,296 | +€28,996 | +45.1% |
| Trade debts | 44 | €250,045 | €209,406 | -€40,639 | -16.3% |
| Suppliers | 440/4 | €250,045 | €209,406 | -€40,639 | -16.3% |
| Advances received on contracts in progress | 46 | €58,540 | €8,406 | -€50,134 | -85.6% |
| Taxes, remuneration and social security | 45 | €291,600 | €181,167 | -€110,433 | -37.9% |
| Taxes | 450/3 | €83,228 | €72,571 | -€10,657 | -12.8% |
| Remuneration and social security | 454/9 | €208,372 | €108,596 | -€99,776 | -47.9% |
| Other amounts payable | 47/48 | - | €22,500 | +€22,500 | |
| Accrued charges and deferred income | 492/3 | €60,051 | €29,551 | -€30,500 | -50.8% |
| Non-recurring operating income | 76A | - | €510,260 | +€510,260 | |
| Remuneration, social security and pensions | 62 | €1,412,696 | €1,604,206 | +€191,510 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,125 | €214,737 | +€36,612 | +20.6% |
| Other operating charges | 640/8 | €15,734 | €24,459 | +€8,725 | +55.5% |
| Gross operating margin | 9900 | €1,325,811 | €1,775,377 | +€449,566 | +33.9% |
| Operating profit (loss) | 9901 | -€280,744 | -€68,025 | +€212,719 | +75.8% |
| Financial income | 75/76B | €14,525 | €30 | -€14,495 | -99.8% |
| Recurring financial income | 75 | €14,525 | €30 | -€14,495 | -99.8% |
| Financial charges | 65/66B | €6,154 | €10,419 | +€4,265 | +69.3% |
| Recurring financial charges | 65 | €6,154 | €10,419 | +€4,265 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | -€272,373 | -€78,414 | +€193,959 | +71.2% |
| Income taxes | 67/77 | €4,626 | €2,586 | -€2,040 | -44.1% |
| Profit (loss) for the period | 9904 | -€276,998 | -€81,000 | +€195,999 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€276,998 | -€81,000 | +€195,999 | +70.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.