WLS-PCB: 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.
WLS-PCB
Largest movements
- Receivables within one year -€11,333
no longer reported in 2025 (was €11,333)
- Cash +€8,495
up €8,495 (+15.5%), from €54,699 to €63,194
mainly Receivables within one year (+€11,333) and Net result for the year (+€8,873)
- Tangible fixed assets -€1,137
down €1,137 (-36.1%), from €3,154 to €2,017
of which Plant, machinery and equipment: -€887
- Tax, wage and social debts -€15,291
down €15,291 (-83.9%), from €18,215 to €2,924
of which Taxes: -€13,141
- Reserves +€8,873
up €8,873 (+31.6%), from €28,079 to €36,952
- Other debts +€1,718
up €1,718 (+9.7%), from €17,800 to €19,518
- Trade debts +€724
up €724 (+778%), from €93 to €817
- Gross operating margin -€23,317
down €23,317 (-63.0%), from €36,993 to €13,677
- Taxes -€4,943
down €4,943 (-67.0%), from €7,376 to €2,433
- Depreciation +€379
up €379 (+50.0%), from €758 to €1,137
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 | €69,186 | €65,211 | -€3,976 | -5.7% |
| Fixed assets | 21/28 | €3,154 | €2,017 | -€1,137 | -36.1% |
| Tangible fixed assets | 22/27 | €3,154 | €2,017 | -€1,137 | -36.1% |
| Plant, machinery and equipment | 23 | €1,957 | €1,071 | -€887 | -45.3% |
| Furniture and vehicles | 24 | €1,197 | €946 | -€250 | -20.9% |
| Current assets | 29/58 | €66,032 | €63,194 | -€2,839 | -4.3% |
| Amounts receivable within one year | 40/41 | €11,333 | - | -€11,333 | |
| Trade receivables | 40 | €11,333 | - | -€11,333 | |
| Cash at bank and in hand | 54/58 | €54,699 | €63,194 | +€8,495 | +15.5% |
| Total equity and liabilities | 10/49 | €69,186 | €65,211 | -€3,976 | -5.7% |
| Equity | 10/15 | €33,079 | €41,952 | +€8,873 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,079 | €36,952 | +€8,873 | +31.6% |
| Distributable reserves | 133 | €28,079 | €36,952 | +€8,873 | +31.6% |
| Amounts payable | 17/49 | €36,107 | €23,259 | -€12,849 | -35.6% |
| Amounts payable within one year | 42/48 | €36,107 | €23,259 | -€12,849 | -35.6% |
| Trade debts | 44 | €93 | €817 | +€724 | +778% |
| Suppliers | 440/4 | €93 | €817 | +€724 | +778% |
| Taxes, remuneration and social security | 45 | €18,215 | €2,924 | -€15,291 | -83.9% |
| Taxes | 450/3 | €16,065 | €2,924 | -€13,141 | -81.8% |
| Remuneration and social security | 454/9 | €2,150 | - | -€2,150 | |
| Other amounts payable | 47/48 | €17,800 | €19,518 | +€1,718 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €1,137 | +€379 | +50.0% |
| Other operating charges | 640/8 | €780 | €1,121 | +€341 | +43.8% |
| Gross operating margin | 9900 | €36,993 | €13,677 | -€23,317 | -63.0% |
| Operating profit (loss) | 9901 | €35,456 | €11,419 | -€24,037 | -67.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €113 | +€113 | |
| Recurring financial charges | 65 | - | €113 | +€113 | |
| Profit (loss) for the period before taxes | 9903 | €35,456 | €11,306 | -€24,150 | -68.1% |
| Income taxes | 67/77 | €7,376 | €2,433 | -€4,943 | -67.0% |
| Profit (loss) for the period | 9904 | €28,079 | €8,873 | -€19,206 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,079 | €8,873 | -€19,206 | -68.4% |
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 17 October 2026 via checked.be.