WK Financial Management: 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.
WK Financial Management
Largest movements
- Cash +€176,823
up €176,823 (+148%), from €119,259 to €296,082
mainly Net result for the year (+€123,917) and Tax, wage and social debts (+€33,744)
- Receivables within one year -€18,650
down €18,650 (-88.5%), from €21,074 to €2,424
- Profit (loss) carried forward +€123,917
up €123,917 (+122%), from €101,244 to €225,161
- Tax, wage and social debts +€33,744
up €33,744 (+89.0%), from €37,917 to €71,661
- Financial charges -€52,180
down €52,180 (-95.8%), from €54,460 to €2,281
- Taxes +€11,830
up €11,830 (+48.0%), from €24,638 to €36,468
- Gross operating margin -€5,669
down €5,669 (-3.3%), from €170,054 to €164,385
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 | €170,697 | €330,798 | +€160,101 | +93.8% |
| Fixed assets | 21/28 | €1,720 | €1,854 | +€134 | +7.8% |
| Tangible fixed assets | 22/27 | €1,720 | €1,854 | +€134 | +7.8% |
| Furniture and vehicles | 24 | €1,720 | €1,854 | +€134 | +7.8% |
| Current assets | 29/58 | €168,977 | €328,944 | +€159,967 | +94.7% |
| Amounts receivable after more than one year | 29 | €27,462 | €27,462 | = | 0.0% |
| Other amounts receivable | 291 | €27,462 | €27,462 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,074 | €2,424 | -€18,650 | -88.5% |
| Trade receivables | 40 | €21,074 | €2,424 | -€18,650 | -88.5% |
| Cash at bank and in hand | 54/58 | €119,259 | €296,082 | +€176,823 | +148% |
| Deferred charges and accrued income | 490/1 | €1,182 | €2,976 | +€1,794 | +152% |
| Total equity and liabilities | 10/49 | €170,697 | €330,798 | +€160,101 | +93.8% |
| Equity | 10/15 | €102,244 | €226,161 | +€123,917 | +121% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,244 | €225,161 | +€123,917 | +122% |
| Amounts payable | 17/49 | €68,453 | €104,638 | +€36,184 | +52.9% |
| Amounts payable within one year | 42/48 | €68,453 | €104,638 | +€36,184 | +52.9% |
| Trade debts | 44 | €2,538 | €5,380 | +€2,841 | +112% |
| Suppliers | 440/4 | €2,538 | €5,380 | +€2,841 | +112% |
| Taxes, remuneration and social security | 45 | €37,917 | €71,661 | +€33,744 | +89.0% |
| Taxes | 450/3 | €37,917 | €71,661 | +€33,744 | +89.0% |
| Other amounts payable | 47/48 | €27,998 | €27,597 | -€401 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €564 | -€59 | -9.5% |
| Other operating charges | 640/8 | €760 | €611 | -€149 | -19.6% |
| Non-recurring operating charges | 66A | - | €545 | +€545 | |
| Gross operating margin | 9900 | €170,054 | €164,385 | -€5,669 | -3.3% |
| Operating profit (loss) | 9901 | €168,671 | €162,665 | -€6,006 | -3.6% |
| Financial charges | 65/66B | €54,460 | €2,281 | -€52,180 | -95.8% |
| Recurring financial charges | 65 | €54,460 | €2,281 | -€52,180 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €114,210 | €160,384 | +€46,174 | +40.4% |
| Income taxes | 67/77 | €24,638 | €36,468 | +€11,830 | +48.0% |
| Profit (loss) for the period | 9904 | €89,573 | €123,917 | +€34,344 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,573 | €123,917 | +€34,344 | +38.3% |
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 1 November 2026 via checked.be.