WLT 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.
WLT MANAGEMENT
Largest movements
- Receivables within one year +€18,032
up €18,032 (+41.4%), from €43,562 to €61,594
of which Trade receivables: +€18,043
- Tangible fixed assets +€15,803
up €15,803 (+35.7%), from €44,204 to €60,007
of which Furniture and vehicles: +€26,779
- Cash -€14,612
down €14,612 (-98.8%), from €14,793 to €180
mainly Debts after one year (-€55,420) and Investment in fixed assets (net) (-€35,158)
- Profit (loss) carried forward +€68,446
up €68,446 (+40.9%), from €167,415 to €235,861
- Debts after one year -€55,420
down €55,420 (-8.9%), from €619,885 to €564,465
- Current portion of long-term debt +€11,511
up €11,511 (+14.4%), from €79,961 to €91,472
- Trade debts -€9,907
down €9,907 (-88.6%), from €11,180 to €1,273
- Gross operating margin +€18,989
up €18,989 (+19.9%), from €95,575 to €114,564
- Depreciation +€8,679
up €8,679 (+81.3%), from €10,676 to €19,355
- Taxes +€2,453
up €2,453 (+15.3%), from €16,046 to €18,499
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 | €905,927 | €923,177 | +€17,250 | +1.9% |
| Fixed assets | 21/28 | €844,204 | €860,007 | +€15,803 | +1.9% |
| Tangible fixed assets | 22/27 | €44,204 | €60,007 | +€15,803 | +35.7% |
| Furniture and vehicles | 24 | - | €26,779 | +€26,779 | |
| Leasing and similar rights | 25 | €44,204 | €33,228 | -€10,976 | -24.8% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €61,723 | €63,170 | +€1,447 | +2.3% |
| Amounts receivable within one year | 40/41 | €43,562 | €61,594 | +€18,032 | +41.4% |
| Trade receivables | 40 | €40,223 | €58,266 | +€18,043 | +44.9% |
| Other amounts receivable | 41 | €3,339 | €3,329 | -€11 | -0.3% |
| Cash at bank and in hand | 54/58 | €14,793 | €180 | -€14,612 | -98.8% |
| Deferred charges and accrued income | 490/1 | €3,368 | €1,395 | -€1,973 | -58.6% |
| Total equity and liabilities | 10/49 | €905,927 | €923,177 | +€17,250 | +1.9% |
| Equity | 10/15 | €177,415 | €245,861 | +€68,446 | +38.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,415 | €235,861 | +€68,446 | +40.9% |
| Amounts payable | 17/49 | €728,512 | €677,316 | -€51,196 | -7.0% |
| Amounts payable after more than one year | 17 | €619,885 | €564,465 | -€55,420 | -8.9% |
| Financial debts | 170/4 | €619,885 | €564,465 | -€55,420 | -8.9% |
| Amounts payable within one year | 42/48 | €105,027 | €106,851 | +€1,824 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €79,961 | €91,472 | +€11,511 | +14.4% |
| Trade debts | 44 | €11,180 | €1,273 | -€9,907 | -88.6% |
| Suppliers | 440/4 | €11,180 | €1,273 | -€9,907 | -88.6% |
| Taxes, remuneration and social security | 45 | €9,626 | €10,559 | +€933 | +9.7% |
| Taxes | 450/3 | €6,110 | €7,043 | +€933 | +15.3% |
| Remuneration and social security | 454/9 | €3,516 | €3,516 | = | 0.0% |
| Other amounts payable | 47/48 | €4,260 | €3,548 | -€713 | -16.7% |
| Accrued charges and deferred income | 492/3 | €3,600 | €6,000 | +€2,400 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,676 | €19,355 | +€8,679 | +81.3% |
| Other operating charges | 640/8 | €1,539 | €1,595 | +€57 | +3.7% |
| Gross operating margin | 9900 | €95,575 | €114,564 | +€18,989 | +19.9% |
| Operating profit (loss) | 9901 | €83,360 | €93,613 | +€10,253 | +12.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €6,738 | €6,668 | -€69 | -1.0% |
| Recurring financial charges | 65 | €6,738 | €6,668 | -€69 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €76,626 | €86,945 | +€10,319 | +13.5% |
| Income taxes | 67/77 | €16,046 | €18,499 | +€2,453 | +15.3% |
| Profit (loss) for the period | 9904 | €60,580 | €68,446 | +€7,866 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,580 | €68,446 | +€7,866 | +13.0% |
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 22 October 2026 via checked.be.