WKS: what changed
Two fiscal 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.
WKS
Largest movements
- Tangible fixed assets +€493,538
up €493,538 (+38.5%), from €1.3m to €1.8m
of which Furniture and vehicles: +€268,702
- Receivables within one year +€138,246
up €138,246 (+31.3%), from €441,435 to €579,681
of which Trade receivables: +€84,598
- Deferred charges and accrued income +€54,010
up €54,010 (+366.7%), from €14,727 to €68,737
- Trade debts +€426,939
up €426,939 (+155.2%), from €275,106 to €702,045
- Reserves +€114,268
up €114,268 (+29.2%), from €391,897 to €506,165
- Accrued charges and deferred income +€79,162
new in 2025: €79,162
- Debts after one year +€59,338
up €59,338 (+8.0%), from €744,609 to €803,947
- Current portion of long-term debt +€39,712
up €39,712 (+18.9%), from €209,920 to €249,632
- Gross operating margin +€165,107
up €165,107 (+36.7%), from €450,169 to €615,276
- Depreciation +€82,572
up €82,572 (+39.9%), from €206,766 to €289,338
- Staff costs +€71,911
up €71,911 (+119.8%), from €60,004 to €131,915
- Financial charges -€14,521
down €14,521 (-22.7%), from €64,016 to €49,495
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.
Cash bridge derived
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 | €1,815,987 | €2,507,234 | +€691,248 | +38.1% |
| Fixed assets | 21/28 | €1,288,831 | €1,783,883 | +€495,051 | +38.4% |
| Tangible fixed assets | 22/27 | €1,281,901 | €1,775,439 | +€493,538 | +38.5% |
| Land and buildings | 22 | €260,021 | €245,806 | -€14,214 | -5.5% |
| Plant, machinery and equipment | 23 | €484,705 | €723,755 | +€239,050 | +49.3% |
| Furniture and vehicles | 24 | €537,176 | €805,878 | +€268,702 | +50.0% |
| Financial fixed assets | 28 | €6,930 | €8,443 | +€1,513 | +21.8% |
| Current assets | 29/58 | €527,155 | €723,352 | +€196,196 | +37.2% |
| Amounts receivable within one year | 40/41 | €441,435 | €579,681 | +€138,246 | +31.3% |
| Trade receivables | 40 | €433,812 | €518,410 | +€84,598 | +19.5% |
| Other amounts receivable | 41 | €7,623 | €61,271 | +€53,648 | +703.8% |
| Cash at bank and in hand | 54/58 | €70,993 | €74,933 | +€3,941 | +5.6% |
| Deferred charges and accrued income | 490/1 | €14,727 | €68,737 | +€54,010 | +366.7% |
| Total equity and liabilities | 10/49 | €1,815,987 | €2,507,234 | +€691,248 | +38.1% |
| Equity | 10/15 | €410,497 | €524,765 | +€114,268 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €391,897 | €506,165 | +€114,268 | +29.2% |
| Distributable reserves | 133 | €391,897 | €506,165 | +€114,268 | +29.2% |
| Amounts payable | 17/49 | €1,405,490 | €1,982,470 | +€576,980 | +41.1% |
| Amounts payable after more than one year | 17 | €744,609 | €803,947 | +€59,338 | +8.0% |
| Financial debts | 170/4 | €744,609 | €803,947 | +€59,338 | +8.0% |
| Amounts payable within one year | 42/48 | €660,881 | €1,099,360 | +€438,479 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €209,920 | €249,632 | +€39,712 | +18.9% |
| Financial debts | 43 | €7,854 | €7,939 | +€85 | +1.1% |
| Credit institutions | 430/8 | €7,854 | €7,939 | +€85 | +1.1% |
| Trade debts | 44 | €275,106 | €702,045 | +€426,939 | +155.2% |
| Suppliers | 440/4 | €275,106 | €702,045 | +€426,939 | +155.2% |
| Taxes, remuneration and social security | 45 | €50,074 | €19,231 | -€30,843 | -61.6% |
| Taxes | 450/3 | €29,772 | €616 | -€29,156 | -97.9% |
| Remuneration and social security | 454/9 | €20,302 | €18,615 | -€1,687 | -8.3% |
| Other amounts payable | 47/48 | €117,927 | €120,513 | +€2,586 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €79,162 | +€79,162 | |
| Non-recurring operating income | 76A | - | €22,565 | +€22,565 | |
| Remuneration, social security and pensions | 62 | €60,004 | €131,915 | +€71,911 | +119.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,766 | €289,338 | +€82,572 | +39.9% |
| Other operating charges | 640/8 | €3,653 | €5,556 | +€1,903 | +52.1% |
| Non-recurring operating charges | 66A | €14,762 | - | -€14,762 | |
| Gross operating margin | 9900 | €450,169 | €615,276 | +€165,107 | +36.7% |
| Operating profit (loss) | 9901 | €164,984 | €188,466 | +€23,483 | +14.2% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €64,016 | €49,495 | -€14,521 | -22.7% |
| Recurring financial charges | 65 | €64,016 | €49,495 | -€14,521 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €101,012 | €138,971 | +€37,959 | +37.6% |
| Income taxes | 67/77 | €20,455 | €24,703 | +€4,248 | +20.8% |
| Profit (loss) for the period | 9904 | €80,557 | €114,268 | +€33,711 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,557 | €114,268 | +€33,711 | +41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.