WNW: 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.
WNW
Largest movements
- Tangible fixed assets -€21,169
down €21,169 (-23.5%), from €89,957 to €68,788
- Cash +€10,362
up €10,362 (+20.1%), from €51,432 to €61,794
mainly Depreciation (+€21,169) and Tax, wage and social debts (+€9,499)
- Stocks and contracts -€6,460
down €6,460 (-13.5%), from €47,955 to €41,495
- Receivables within one year -€2,693
no longer reported in 2025 (was €2,693)
- Deferred charges and accrued income -€2,456
down €2,456 (-44.8%), from €5,479 to €3,023
- Debts after one year -€18,543
down €18,543 (-32.1%), from €57,834 to €39,291
- Trade debts -€11,898
down €11,898 (-22.7%), from €52,351 to €40,453
- Tax, wage and social debts +€9,499
up €9,499 (+115%), from €8,264 to €17,763
of which Remuneration and social security: +€12,082
- Other debts -€7,028
down €7,028 (-39.5%), from €17,815 to €10,787
- Profit (loss) carried forward +€4,791
up €4,791 (+14.3%), from €33,471 to €38,262
- Gross operating margin +€42,139
up €42,139 (+85.6%), from €49,210 to €91,349
- Staff costs +€10,470
up €10,470 (+26.5%), from €39,527 to €49,997
- Depreciation +€9,889
up €9,889 (+87.7%), from €11,280 to €21,169
- Taxes +€2,308
new in 2025: €2,308
- Financial charges +€1,917
up €1,917 (+27.1%), from €7,075 to €8,992
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 | €197,516 | €175,100 | -€22,416 | -11.3% |
| Fixed assets | 21/28 | €89,957 | €68,788 | -€21,169 | -23.5% |
| Tangible fixed assets | 22/27 | €89,957 | €68,788 | -€21,169 | -23.5% |
| Furniture and vehicles | 24 | €89,957 | €68,788 | -€21,169 | -23.5% |
| Current assets | 29/58 | €107,559 | €106,312 | -€1,247 | -1.2% |
| Stocks and contracts in progress | 3 | €47,955 | €41,495 | -€6,460 | -13.5% |
| Stocks | 30/36 | €47,955 | €41,495 | -€6,460 | -13.5% |
| Amounts receivable within one year | 40/41 | €2,693 | - | -€2,693 | |
| Other amounts receivable | 41 | €2,693 | - | -€2,693 | |
| Cash at bank and in hand | 54/58 | €51,432 | €61,794 | +€10,362 | +20.1% |
| Deferred charges and accrued income | 490/1 | €5,479 | €3,023 | -€2,456 | -44.8% |
| Total equity and liabilities | 10/49 | €197,516 | €175,100 | -€22,416 | -11.3% |
| Equity | 10/15 | €43,471 | €48,262 | +€4,791 | +11.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €33,471 | €38,262 | +€4,791 | +14.3% |
| Amounts payable | 17/49 | €154,045 | €126,838 | -€27,207 | -17.7% |
| Amounts payable after more than one year | 17 | €57,834 | €39,291 | -€18,543 | -32.1% |
| Financial debts | 170/4 | €57,834 | €39,291 | -€18,543 | -32.1% |
| Amounts payable within one year | 42/48 | €96,211 | €87,547 | -€8,664 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €17,781 | €18,544 | +€763 | +4.3% |
| Trade debts | 44 | €52,351 | €40,453 | -€11,898 | -22.7% |
| Suppliers | 440/4 | €52,351 | €40,453 | -€11,898 | -22.7% |
| Taxes, remuneration and social security | 45 | €8,264 | €17,763 | +€9,499 | +115% |
| Taxes | 450/3 | €2,583 | - | -€2,583 | |
| Remuneration and social security | 454/9 | €5,681 | €17,763 | +€12,082 | +213% |
| Other amounts payable | 47/48 | €17,815 | €10,787 | -€7,028 | -39.5% |
| Remuneration, social security and pensions | 62 | €39,527 | €49,997 | +€10,470 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,280 | €21,169 | +€9,889 | +87.7% |
| Other operating charges | 640/8 | €4,889 | €4,884 | -€5 | -0.1% |
| Gross operating margin | 9900 | €49,210 | €91,349 | +€42,139 | +85.6% |
| Operating profit (loss) | 9901 | -€6,486 | €15,299 | +€21,785 | |
| Financial income | 75/76B | €650 | €793 | +€143 | +22.0% |
| Recurring financial income | 75 | €650 | €793 | +€143 | +22.0% |
| Financial charges | 65/66B | €7,075 | €8,992 | +€1,917 | +27.1% |
| Recurring financial charges | 65 | €7,075 | €8,992 | +€1,917 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,911 | €7,099 | +€20,010 | |
| Income taxes | 67/77 | - | €2,308 | +€2,308 | |
| Profit (loss) for the period | 9904 | -€12,911 | €4,791 | +€17,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,911 | €4,791 | +€17,702 |
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 27 October 2026 via checked.be.