WLS Invest: what changed
WLS Invest
Largest movements
- Financial fixed assets +€500,000
new in 2025: €500,000
- Cash +€98,069
up €98,069 (+1,525%), from €6,430 to €104,499
mainly Other debts (+€601,180) and Depreciation (+€50,568)
- Tangible fixed assets -€50,568
down €50,568 (-2.7%), from €1.9m to €1.8m
of which Land and buildings: -€47,818
- Other debts +€601,180
up €601,180 (+84.7%), from €710,052 to €1.3m
- Debts after one year -€82,130
down €82,130 (-7.5%), from €1.1m to €1.0m
- Profit (loss) carried forward +€26,255
up €26,255 (+12.6%), from -€207,613 to -€181,359
- Depreciation -€56,691
down €56,691 (-52.9%), from €107,259 to €50,568
- Gross operating margin +€29,223
up €29,223 (+36.7%), from €79,570 to €108,793
- Financial charges +€5,796
up €5,796 (+31.6%), from €18,367 to €24,162
- Other operating charges +€1,243
up €1,243 (+18.9%), from €6,574 to €7,818
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,906,477 | €2,454,209 | +€547,732 | +28.7% |
| Fixed assets | 21/28 | €1,897,773 | €2,347,205 | +€449,432 | +23.7% |
| Tangible fixed assets | 22/27 | €1,897,773 | €1,847,205 | -€50,568 | -2.7% |
| Land and buildings | 22 | €1,875,775 | €1,827,957 | -€47,818 | -2.5% |
| Furniture and vehicles | 24 | €21,998 | €19,248 | -€2,750 | -12.5% |
| Financial fixed assets | 28 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €8,703 | €107,003 | +€98,300 | +1,129% |
| Cash at bank and in hand | 54/58 | €6,430 | €104,499 | +€98,069 | +1,525% |
| Deferred charges and accrued income | 490/1 | €2,273 | €2,505 | +€231 | +10.2% |
| Total equity and liabilities | 10/49 | €1,906,477 | €2,454,209 | +€547,732 | +28.7% |
| Equity | 10/15 | €17,387 | €43,641 | +€26,255 | +151% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,613 | -€181,359 | +€26,255 | +12.6% |
| Amounts payable | 17/49 | €1,889,090 | €2,410,567 | +€521,477 | +27.6% |
| Amounts payable after more than one year | 17 | €1,093,576 | €1,011,446 | -€82,130 | -7.5% |
| Financial debts | 170/4 | €1,093,576 | €1,011,446 | -€82,130 | -7.5% |
| Amounts payable within one year | 42/48 | €791,999 | €1,396,105 | +€604,106 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €80,544 | €82,130 | +€1,586 | +2.0% |
| Trade debts | 44 | €1,403 | €2,743 | +€1,340 | +95.5% |
| Suppliers | 440/4 | €1,403 | €2,743 | +€1,340 | +95.5% |
| Other amounts payable | 47/48 | €710,052 | €1,311,232 | +€601,180 | +84.7% |
| Accrued charges and deferred income | 492/3 | €3,515 | €3,016 | -€499 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,259 | €50,568 | -€56,691 | -52.9% |
| Other operating charges | 640/8 | €6,574 | €7,818 | +€1,243 | +18.9% |
| Gross operating margin | 9900 | €79,570 | €108,793 | +€29,223 | +36.7% |
| Operating profit (loss) | 9901 | -€34,264 | €50,407 | +€84,671 | |
| Financial income | 75/76B | €313 | €10 | -€303 | -96.8% |
| Recurring financial income | 75 | €313 | €10 | -€303 | -96.8% |
| Financial charges | 65/66B | €18,367 | €24,162 | +€5,796 | +31.6% |
| Recurring financial charges | 65 | €18,367 | €24,162 | +€5,796 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,317 | €26,255 | +€78,572 | |
| Profit (loss) for the period | 9904 | -€52,317 | €26,255 | +€78,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,317 | €26,255 | +€78,572 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.