WK 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€11,825
down €11,825 (-3.0%), from €399,506 to €387,681
of which Land and buildings: -€11,163
- Other debts +€18,612
up €18,612 (+9.1%), from €205,552 to €224,164
- Accrued charges and deferred income -€15,956
down €15,956 (-100%), from €15,956 to €0
- Current portion of long-term debt -€9,374
down €9,374 (-100%), from €9,374 to €0
- Profit (loss) carried forward -€8,403
down €8,403 (-6.0%), from €140,935 to €132,533
- Gross operating margin -€16,928
down €16,928 (-79.0%), from €21,418 to €4,490
- Financial charges -€12,929
down €12,929 (-96.4%), from €13,415 to €486
- Depreciation -€389
down €389 (-3.2%), from €12,214 to €11,825
- Other operating charges +€337
up €337 (+168%), from €200 to €537
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 | €403,129 | €390,764 | -€12,365 | -3.1% |
| Fixed assets | 21/28 | €399,506 | €387,681 | -€11,825 | -3.0% |
| Tangible fixed assets | 22/27 | €399,506 | €387,681 | -€11,825 | -3.0% |
| Land and buildings | 22 | €398,844 | €387,681 | -€11,163 | -2.8% |
| Furniture and vehicles | 24 | €662 | €0 | -€662 | -100% |
| Current assets | 29/58 | €3,623 | €3,083 | -€540 | -14.9% |
| Amounts receivable within one year | 40/41 | €458 | €731 | +€274 | +59.8% |
| Trade receivables | 40 | €458 | €0 | -€458 | -100% |
| Other amounts receivable | 41 | €0 | €731 | +€731 | |
| Cash at bank and in hand | 54/58 | €2,156 | €1,766 | -€390 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,009 | €585 | -€424 | -42.0% |
| Total equity and liabilities | 10/49 | €403,129 | €390,764 | -€12,365 | -3.1% |
| Equity | 10/15 | €172,135 | €163,732 | -€8,403 | -4.9% |
| Contributions | 10/11 | €6,329 | €6,329 | = | 0.0% |
| Reserves | 13 | €24,870 | €24,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,010 | €23,010 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,935 | €132,533 | -€8,403 | -6.0% |
| Amounts payable | 17/49 | €230,995 | €227,032 | -€3,963 | -1.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €215,039 | €227,032 | +€11,993 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,374 | €0 | -€9,374 | -100% |
| Trade debts | 44 | €0 | €2,575 | +€2,575 | |
| Suppliers | 440/4 | €0 | €2,575 | +€2,575 | |
| Taxes, remuneration and social security | 45 | €112 | €294 | +€181 | +161% |
| Taxes | 450/3 | €112 | €294 | +€181 | +161% |
| Other amounts payable | 47/48 | €205,552 | €224,164 | +€18,612 | +9.1% |
| Accrued charges and deferred income | 492/3 | €15,956 | €0 | -€15,956 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,214 | €11,825 | -€389 | -3.2% |
| Other operating charges | 640/8 | €200 | €537 | +€337 | +168% |
| Gross operating margin | 9900 | €21,418 | €4,490 | -€16,928 | -79.0% |
| Operating profit (loss) | 9901 | €9,003 | -€7,872 | -€16,875 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,415 | €486 | -€12,929 | -96.4% |
| Recurring financial charges | 65 | €13,415 | €486 | -€12,929 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,412 | -€8,358 | -€3,946 | -89.4% |
| Income taxes | 67/77 | €240 | €45 | -€195 | -81.3% |
| Profit (loss) for the period | 9904 | -€4,651 | -€8,403 | -€3,751 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,651 | -€8,403 | -€3,751 | -80.7% |
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.