WN TRAINING: 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.
WN TRAINING
Largest movements
- Receivables within one year +€50,363
up €50,363 (+758.8%), from €6,637 to €57,000
of which Trade receivables: +€50,363
- Stocks and contracts +€12,732
up €12,732 (+29.8%), from €42,659 to €55,391
- Cash -€5,870
down €5,870 (-98.7%), from €5,948 to €78
mainly Receivables within one year (-€50,363) and Investment in fixed assets (net) (-€19,763)
- Tangible fixed assets -€3,862
down €3,862 (-2.8%), from €135,723 to €131,860
of which Furniture and vehicles: -€12,708
- Financial fixed assets -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Other debts +€29,010
up €29,010 (+346.7%), from €8,368 to €37,379
- Profit (loss) carried forward +€19,125
up €19,125 (+24.7%), from €77,528 to €96,652
- Current portion of long-term debt +€4,263
up €4,263 (+17.4%), from €24,491 to €28,755
- Debts after one year -€3,341
down €3,341 (-9.8%), from €34,189 to €30,848
- Tax, wage and social debts -€3,113
down €3,113 (-15.8%), from €19,703 to €16,590
of which Taxes: -€5,671
- Gross operating margin -€61,882
down €61,882 (-39.8%), from €155,448 to €93,567
- Taxes -€19,476
down €19,476 (-82.9%), from €23,506 to €4,030
- Staff costs -€18,367
down €18,367 (-51.9%), from €35,412 to €17,045
- Other operating charges +€17,230
up €17,230 (+1267.4%), from €1,359 to €18,589
- Depreciation -€3,501
down €3,501 (-11.2%), from €31,286 to €27,786
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,559 | €244,640 | +€49,082 | +25.1% |
| Fixed assets | 21/28 | €139,883 | €131,860 | -€8,023 | -5.7% |
| Intangible fixed assets | 21 | €1,161 | €0 | -€1,161 | -100.0% |
| Tangible fixed assets | 22/27 | €135,723 | €131,860 | -€3,862 | -2.8% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €19,997 | €14,938 | -€5,059 | -25.3% |
| Furniture and vehicles | 24 | €32,722 | €20,014 | -€12,708 | -38.8% |
| Leasing and similar rights | 25 | €29,938 | €42,953 | +€13,015 | +43.5% |
| Other tangible fixed assets | 26 | €23,066 | €23,955 | +€889 | +3.9% |
| Financial fixed assets | 28 | €3,000 | €0 | -€3,000 | -100.0% |
| Current assets | 29/58 | €55,675 | €112,780 | +€57,105 | +102.6% |
| Stocks and contracts in progress | 3 | €42,659 | €55,391 | +€12,732 | +29.8% |
| Stocks | 30/36 | €42,659 | €55,391 | +€12,732 | +29.8% |
| Amounts receivable within one year | 40/41 | €6,637 | €57,000 | +€50,363 | +758.8% |
| Trade receivables | 40 | €6,637 | €57,000 | +€50,363 | +758.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,948 | €78 | -€5,870 | -98.7% |
| Deferred charges and accrued income | 490/1 | €432 | €312 | -€120 | -27.7% |
| Total equity and liabilities | 10/49 | €195,559 | €244,640 | +€49,082 | +25.1% |
| Equity | 10/15 | €99,528 | €118,652 | +€19,125 | +19.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,528 | €96,652 | +€19,125 | +24.7% |
| Amounts payable | 17/49 | €96,031 | €125,988 | +€29,957 | +31.2% |
| Amounts payable after more than one year | 17 | €34,189 | €30,848 | -€3,341 | -9.8% |
| Financial debts | 170/4 | €34,189 | €30,848 | -€3,341 | -9.8% |
| Amounts payable within one year | 42/48 | €61,842 | €93,381 | +€31,539 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €24,491 | €28,755 | +€4,263 | +17.4% |
| Trade debts | 44 | €9,279 | €10,658 | +€1,378 | +14.9% |
| Suppliers | 440/4 | €9,279 | €10,658 | +€1,378 | +14.9% |
| Taxes, remuneration and social security | 45 | €19,703 | €16,590 | -€3,113 | -15.8% |
| Taxes | 450/3 | €15,714 | €10,043 | -€5,671 | -36.1% |
| Remuneration and social security | 454/9 | €3,989 | €6,547 | +€2,558 | +64.1% |
| Other amounts payable | 47/48 | €8,368 | €37,379 | +€29,010 | +346.7% |
| Accrued charges and deferred income | 492/3 | - | €1,758 | +€1,758 | |
| Remuneration, social security and pensions | 62 | €35,412 | €17,045 | -€18,367 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,286 | €27,786 | -€3,501 | -11.2% |
| Other operating charges | 640/8 | €1,359 | €18,589 | +€17,230 | +1267.4% |
| Gross operating margin | 9900 | €155,448 | €93,567 | -€61,882 | -39.8% |
| Operating profit (loss) | 9901 | €87,391 | €30,147 | -€57,244 | -65.5% |
| Financial income | 75/76B | €1,291 | €54 | -€1,237 | -95.8% |
| Recurring financial income | 75 | €1,291 | €54 | -€1,237 | -95.8% |
| Financial charges | 65/66B | €5,291 | €7,046 | +€1,756 | +33.2% |
| Recurring financial charges | 65 | €5,291 | €7,046 | +€1,756 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €83,391 | €23,154 | -€60,237 | -72.2% |
| Income taxes | 67/77 | €23,506 | €4,030 | -€19,476 | -82.9% |
| Profit (loss) for the period | 9904 | €59,886 | €19,125 | -€40,761 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,886 | €19,125 | -€40,761 | -68.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.