WJS EN PARTANCE: 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.
WJS EN PARTANCE
Largest movements
- Cash -€55,072
down €55,072 (-75.5%), from €72,968 to €17,897
mainly Tax, wage and social debts (-€103,892) and Net result for the year (-€15,823)
- Tangible fixed assets -€19,278
down €19,278 (-15.9%), from €121,125 to €101,847
of which Land and buildings: -€10,550
- Receivables within one year -€16,313
down €16,313 (-6.5%), from €252,475 to €236,163
of which Trade receivables: -€9,561
- Stocks and contracts +€5,506
up €5,506 (+81.6%), from €6,750 to €12,256
- Tax, wage and social debts -€103,892
down €103,892 (-74.8%), from €138,961 to €35,069
of which Taxes: -€75,527
- Trade debts +€19,363
up €19,363 (+356%), from €5,443 to €24,806
- Profit (loss) carried forward -€15,823
down €15,823 (-10.4%), from €151,421 to €135,597
- Current portion of long-term debt +€13,445
new in 2025: €13,445
- Gross operating margin -€131,555
down €131,555 (-33.4%), from €393,496 to €261,942
- Other operating charges -€44,792
down €44,792 (-48.3%), from €92,734 to €47,942
- Staff costs -€27,523
down €27,523 (-15.4%), from €179,245 to €151,723
- Taxes -€24,523
down €24,523 (-66.6%), from €36,824 to €12,300
- Financial charges -€7,261
down €7,261 (-14.1%), from €51,337 to €44,075
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 | €467,574 | €381,662 | -€85,912 | -18.4% |
| Fixed assets | 21/28 | €134,625 | €115,347 | -€19,278 | -14.3% |
| Tangible fixed assets | 22/27 | €121,125 | €101,847 | -€19,278 | -15.9% |
| Land and buildings | 22 | €70,214 | €59,664 | -€10,550 | -15.0% |
| Plant, machinery and equipment | 23 | €3,001 | €3,413 | +€412 | +13.7% |
| Furniture and vehicles | 24 | €35,175 | €26,035 | -€9,140 | -26.0% |
| Other tangible fixed assets | 26 | €12,735 | €12,735 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €332,949 | €266,315 | -€66,634 | -20.0% |
| Stocks and contracts in progress | 3 | €6,750 | €12,256 | +€5,506 | +81.6% |
| Stocks | 30/36 | €6,750 | €12,256 | +€5,506 | +81.6% |
| Amounts receivable within one year | 40/41 | €252,475 | €236,163 | -€16,313 | -6.5% |
| Trade receivables | 40 | €12,987 | €3,426 | -€9,561 | -73.6% |
| Other amounts receivable | 41 | €239,488 | €232,736 | -€6,752 | -2.8% |
| Cash at bank and in hand | 54/58 | €72,968 | €17,897 | -€55,072 | -75.5% |
| Deferred charges and accrued income | 490/1 | €756 | €0 | -€756 | -100% |
| Total equity and liabilities | 10/49 | €467,574 | €381,662 | -€85,912 | -18.4% |
| Equity | 10/15 | €323,169 | €307,346 | -€15,823 | -4.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €153,199 | €153,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,841 | €3,841 | = | 0.0% |
| Distributable reserves | 133 | €147,503 | €147,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,421 | €135,597 | -€15,823 | -10.4% |
| Amounts payable | 17/49 | €144,405 | €74,316 | -€70,089 | -48.5% |
| Amounts payable within one year | 42/48 | €144,405 | €73,321 | -€71,084 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,445 | +€13,445 | |
| Trade debts | 44 | €5,443 | €24,806 | +€19,363 | +356% |
| Suppliers | 440/4 | €5,443 | €24,806 | +€19,363 | +356% |
| Taxes, remuneration and social security | 45 | €138,961 | €35,069 | -€103,892 | -74.8% |
| Taxes | 450/3 | €87,276 | €11,749 | -€75,527 | -86.5% |
| Remuneration and social security | 454/9 | €51,685 | €23,320 | -€28,365 | -54.9% |
| Accrued charges and deferred income | 492/3 | - | €995 | +€995 | |
| Remuneration, social security and pensions | 62 | €179,245 | €151,723 | -€27,523 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,977 | €23,179 | +€4,202 | +22.1% |
| Other operating charges | 640/8 | €92,734 | €47,942 | -€44,792 | -48.3% |
| Gross operating margin | 9900 | €393,496 | €261,942 | -€131,555 | -33.4% |
| Operating profit (loss) | 9901 | €102,540 | €39,098 | -€63,443 | -61.9% |
| Financial income | 75/76B | €1,124 | €1,455 | +€331 | +29.4% |
| Recurring financial income | 75 | €1,124 | €1,455 | +€331 | +29.4% |
| Financial charges | 65/66B | €51,337 | €44,075 | -€7,261 | -14.1% |
| Recurring financial charges | 65 | €51,337 | €44,075 | -€7,261 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €52,328 | -€3,523 | -€55,851 | |
| Income taxes | 67/77 | €36,824 | €12,300 | -€24,523 | -66.6% |
| Profit (loss) for the period | 9904 | €15,504 | -€15,823 | -€31,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,504 | -€15,823 | -€31,327 |
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 17 October 2026 via checked.be.