WJCF: 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.
WJCF
Largest movements
- Tangible fixed assets -€114,211
down €114,211 (-24.6%), from €463,577 to €349,366
of which Leasing and similar rights: -€64,000
- Receivables within one year -€24,276
down €24,276 (-16.2%), from €149,621 to €125,345
of which Trade receivables: -€26,590
- Deferred charges and accrued income -€18,957
down €18,957 (-62.9%), from €30,150 to €11,193
- Cash +€11,488
up €11,488 (+160%), from €7,189 to €18,677
mainly Depreciation (+€115,369) and Receivables within one year (+€24,276)
- Debts after one year -€74,403
down €74,403 (-30.4%), from €244,687 to €170,284
- Profit (loss) carried forward -€39,627
new in 2025: -€39,627
- Trade debts -€28,286
down €28,286 (-67.4%), from €41,961 to €13,675
- Tax, wage and social debts -€11,308
down €11,308 (-61.8%), from €18,308 to €7,000
- Gross operating margin -€75,501
down €75,501 (-45.5%), from €165,959 to €90,458
- Taxes -€13,808
no longer reported in 2025 (was €13,808)
- Depreciation +€7,115
up €7,115 (+6.6%), from €108,254 to €115,369
- Other operating charges +€1,895
up €1,895 (+135%), from €1,400 to €3,295
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 | €650,536 | €504,581 | -€145,955 | -22.4% |
| Fixed assets | 21/28 | €463,577 | €349,366 | -€114,211 | -24.6% |
| Tangible fixed assets | 22/27 | €463,577 | €349,366 | -€114,211 | -24.6% |
| Land and buildings | 22 | €49,749 | €43,800 | -€5,949 | -12.0% |
| Plant, machinery and equipment | 23 | €121,324 | €92,848 | -€28,476 | -23.5% |
| Furniture and vehicles | 24 | €42,466 | €26,680 | -€15,786 | -37.2% |
| Leasing and similar rights | 25 | €250,038 | €186,038 | -€64,000 | -25.6% |
| Current assets | 29/58 | €186,959 | €155,215 | -€31,744 | -17.0% |
| Amounts receivable within one year | 40/41 | €149,621 | €125,345 | -€24,276 | -16.2% |
| Trade receivables | 40 | €120,465 | €93,875 | -€26,590 | -22.1% |
| Other amounts receivable | 41 | €29,155 | €31,470 | +€2,315 | +7.9% |
| Cash at bank and in hand | 54/58 | €7,189 | €18,677 | +€11,488 | +160% |
| Deferred charges and accrued income | 490/1 | €30,150 | €11,193 | -€18,957 | -62.9% |
| Total equity and liabilities | 10/49 | €650,536 | €504,581 | -€145,955 | -22.4% |
| Equity | 10/15 | €270,154 | €230,527 | -€39,627 | -14.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €258,154 | €258,154 | = | 0.0% |
| Distributable reserves | 133 | €258,154 | €258,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,627 | -€39,627 | |
| Amounts payable | 17/49 | €380,382 | €274,054 | -€106,328 | -28.0% |
| Amounts payable after more than one year | 17 | €244,687 | €170,284 | -€74,403 | -30.4% |
| Financial debts | 170/4 | €244,687 | €170,284 | -€74,403 | -30.4% |
| Amounts payable within one year | 42/48 | €134,364 | €101,187 | -€33,177 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €71,120 | €74,403 | +€3,284 | +4.6% |
| Trade debts | 44 | €41,961 | €13,675 | -€28,286 | -67.4% |
| Suppliers | 440/4 | €41,961 | €13,675 | -€28,286 | -67.4% |
| Taxes, remuneration and social security | 45 | €18,308 | €7,000 | -€11,308 | -61.8% |
| Taxes | 450/3 | €18,308 | €7,000 | -€11,308 | -61.8% |
| Other amounts payable | 47/48 | €2,975 | €6,108 | +€3,134 | +105% |
| Accrued charges and deferred income | 492/3 | €1,330 | €2,583 | +€1,253 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,254 | €115,369 | +€7,115 | +6.6% |
| Other operating charges | 640/8 | €1,400 | €3,295 | +€1,895 | +135% |
| Gross operating margin | 9900 | €165,959 | €90,458 | -€75,501 | -45.5% |
| Operating profit (loss) | 9901 | €56,306 | -€28,205 | -€84,511 | |
| Financial income | 75/76B | €15 | €1,308 | +€1,293 | +8,413% |
| Recurring financial income | 75 | €15 | €1,308 | +€1,293 | +8,413% |
| Financial charges | 65/66B | €12,873 | €12,730 | -€142 | -1.1% |
| Recurring financial charges | 65 | €12,873 | €12,730 | -€142 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €43,448 | -€39,627 | -€83,076 | |
| Income taxes | 67/77 | €13,808 | - | -€13,808 | |
| Profit (loss) for the period | 9904 | €29,640 | -€39,627 | -€69,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,640 | -€39,627 | -€69,267 |
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 25 October 2026 via checked.be.