WL: 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.
WL
Largest movements
- Cash -€45,671
down €45,671 (-74.5%), from €61,270 to €15,599
mainly Net result for the year (-€40,169) and Investment in fixed assets (net) (-€16,208)
- Receivables within one year +€14,126
up €14,126 (+22.8%), from €61,890 to €76,016
- Stocks and contracts -€5,350
down €5,350 (-82.9%), from €6,452 to €1,101
- Profit (loss) carried forward -€40,169
down €40,169 (-66.2%), from €60,634 to €20,465
- Tax, wage and social debts +€8,239
up €8,239 (+25.4%), from €32,495 to €40,734
of which Remuneration and social security: +€9,660
- Trade debts -€3,814
down €3,814 (-19.4%), from €19,609 to €15,795
- Gross operating margin -€55,860
down €55,860 (-35.4%), from €157,629 to €101,769
- Staff costs +€16,915
up €16,915 (+19.3%), from €87,609 to €104,524
- Taxes -€10,490
down €10,490 (-83.6%), from €12,542 to €2,052
- Other operating charges +€8,205
up €8,205 (+107.9%), from €7,605 to €15,810
- Financial charges +€3,513
up €3,513 (+105.3%), from €3,337 to €6,850
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 | €164,342 | €128,599 | -€35,743 | -21.7% |
| Fixed assets | 21/28 | €34,563 | €35,883 | +€1,321 | +3.8% |
| Tangible fixed assets | 22/27 | €34,563 | €35,883 | +€1,321 | +3.8% |
| Plant, machinery and equipment | 23 | €4,069 | €7,214 | +€3,145 | +77.3% |
| Furniture and vehicles | 24 | €15,438 | €8,567 | -€6,871 | -44.5% |
| Other tangible fixed assets | 26 | €15,055 | €20,102 | +€5,046 | +33.5% |
| Current assets | 29/58 | €129,780 | €92,716 | -€37,064 | -28.6% |
| Stocks and contracts in progress | 3 | €6,452 | €1,101 | -€5,350 | -82.9% |
| Stocks | 30/36 | €6,452 | €1,101 | -€5,350 | -82.9% |
| Amounts receivable within one year | 40/41 | €61,890 | €76,016 | +€14,126 | +22.8% |
| Other amounts receivable | 41 | €61,890 | €76,016 | +€14,126 | +22.8% |
| Cash at bank and in hand | 54/58 | €61,270 | €15,599 | -€45,671 | -74.5% |
| Deferred charges and accrued income | 490/1 | €168 | - | -€168 | |
| Total equity and liabilities | 10/49 | €164,342 | €128,599 | -€35,743 | -21.7% |
| Equity | 10/15 | €110,769 | €70,600 | -€40,169 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,535 | €31,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,535 | €1,535 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,535 | €1,535 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,634 | €20,465 | -€40,169 | -66.2% |
| Amounts payable | 17/49 | €53,573 | €57,998 | +€4,425 | +8.3% |
| Amounts payable within one year | 42/48 | €53,573 | €57,998 | +€4,425 | +8.3% |
| Trade debts | 44 | €19,609 | €15,795 | -€3,814 | -19.4% |
| Suppliers | 440/4 | €19,609 | €15,795 | -€3,814 | -19.4% |
| Taxes, remuneration and social security | 45 | €32,495 | €40,734 | +€8,239 | +25.4% |
| Taxes | 450/3 | €24,475 | €23,054 | -€1,421 | -5.8% |
| Remuneration and social security | 454/9 | €8,020 | €17,679 | +€9,660 | +120.5% |
| Other amounts payable | 47/48 | €1,470 | €1,470 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €87,609 | €104,524 | +€16,915 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,468 | €14,887 | +€2,419 | +19.4% |
| Other operating charges | 640/8 | €7,605 | €15,810 | +€8,205 | +107.9% |
| Gross operating margin | 9900 | €157,629 | €101,769 | -€55,860 | -35.4% |
| Operating profit (loss) | 9901 | €49,946 | -€33,453 | -€83,399 | |
| Financial income | 75/76B | €324 | €2,187 | +€1,863 | +575.5% |
| Recurring financial income | 75 | €324 | €2,187 | +€1,863 | +575.5% |
| Financial charges | 65/66B | €3,337 | €6,850 | +€3,513 | +105.3% |
| Recurring financial charges | 65 | €3,337 | €6,850 | +€3,513 | +105.3% |
| Profit (loss) for the period before taxes | 9903 | €46,933 | -€38,116 | -€85,049 | |
| Income taxes | 67/77 | €12,542 | €2,052 | -€10,490 | -83.6% |
| Profit (loss) for the period | 9904 | €34,390 | -€40,169 | -€74,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,390 | -€40,169 | -€74,559 |
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 12 October 2026 via checked.be.