WJ PROJECTS: 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.
WJ PROJECTS
Largest movements
- Receivables within one year -€66,076
down €66,076 (-14.1%), from €470,016 to €403,940
- Cash +€6,491
up €6,491 (+891%), from €729 to €7,220
mainly Net result for the year (+€66,626) and Receivables within one year (+€66,076)
- Other debts -€113,619
no longer reported in 2025 (was €113,619)
- Reserves +€66,626
up €66,626 (+26.4%), from €252,425 to €319,051
- Tax, wage and social debts -€26,501
down €26,501 (-46.3%), from €57,294 to €30,792
- Short-term financial debts +€8,414
up €8,414 (+20.2%), from €41,718 to €50,133
- Trade debts +€5,493
up €5,493 (+976%), from €563 to €6,056
- Gross operating margin -€13,228
down €13,228 (-12.5%), from €105,677 to €92,449
- Taxes -€4,673
down €4,673 (-21.5%), from €21,752 to €17,079
- Financial charges -€3,151
down €3,151 (-31.3%), from €10,078 to €6,927
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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,745 | €411,160 | -€59,585 | -12.7% |
| Current assets | 29/58 | €470,745 | €411,160 | -€59,585 | -12.7% |
| Amounts receivable within one year | 40/41 | €470,016 | €403,940 | -€66,076 | -14.1% |
| Other amounts receivable | 41 | €470,016 | €403,940 | -€66,076 | -14.1% |
| Cash at bank and in hand | 54/58 | €729 | €7,220 | +€6,491 | +891% |
| Total equity and liabilities | 10/49 | €470,745 | €411,160 | -€59,585 | -12.7% |
| Equity | 10/15 | €257,425 | €324,051 | +€66,626 | +25.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €252,425 | €319,051 | +€66,626 | +26.4% |
| Distributable reserves | 133 | €252,425 | €319,051 | +€66,626 | +26.4% |
| Amounts payable | 17/49 | €213,319 | €87,109 | -€126,211 | -59.2% |
| Amounts payable within one year | 42/48 | €213,193 | €86,981 | -€126,213 | -59.2% |
| Financial debts | 43 | €41,718 | €50,133 | +€8,414 | +20.2% |
| Credit institutions | 430/8 | €41,718 | €50,133 | +€8,414 | +20.2% |
| Trade debts | 44 | €563 | €6,056 | +€5,493 | +976% |
| Suppliers | 440/4 | €563 | €6,056 | +€5,493 | +976% |
| Taxes, remuneration and social security | 45 | €57,294 | €30,792 | -€26,501 | -46.3% |
| Taxes | 450/3 | €57,294 | €30,792 | -€26,501 | -46.3% |
| Other amounts payable | 47/48 | €113,619 | - | -€113,619 | |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Other operating charges | 640/8 | €2,090 | €1,818 | -€272 | -13.0% |
| Gross operating margin | 9900 | €105,677 | €92,449 | -€13,228 | -12.5% |
| Operating profit (loss) | 9901 | €103,587 | €90,631 | -€12,956 | -12.5% |
| Financial charges | 65/66B | €10,078 | €6,927 | -€3,151 | -31.3% |
| Recurring financial charges | 65 | €10,078 | €6,927 | -€3,151 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €93,510 | €83,705 | -€9,805 | -10.5% |
| Income taxes | 67/77 | €21,752 | €17,079 | -€4,673 | -21.5% |
| Profit (loss) for the period | 9904 | €71,758 | €66,626 | -€5,132 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,758 | €66,626 | -€5,132 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.