WorldEx Belgium: 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.
WorldEx Belgium
Largest movements
- Cash +€522,415
up €522,415 (+142%), from €367,376 to €889,791
mainly Other debts (+€659,441) and Trade debts (+€570,728)
- Receivables within one year -€477,775
down €477,775 (-39.7%), from €1.2m to €726,348
of which Trade receivables: -€429,812
- Deferred charges and accrued income -€323,630
down €323,630 (-73.6%), from €439,576 to €115,947
- Financial fixed assets -€131,137
down €131,137 (-40.4%), from €324,913 to €193,776
- Tangible fixed assets +€37,109
up €37,109 (+237%), from €15,669 to €52,777
of which Plant, machinery and equipment: +€23,234
- Profit (loss) carried forward -€1.6m
down €1.6m (-123%), from -€1.3m to -€2.8m
- Other debts +€659,441
up €659,441 (+22.2%), from €3.0m to €3.6m
- Trade debts +€570,728
up €570,728 (+117%), from €487,414 to €1.1m
- Tax, wage and social debts -€35,532
down €35,532 (-58.9%), from €60,361 to €24,829
of which Remuneration and social security: -€29,736
- Other operating charges +€248,470
up €248,470 (+943%), from €26,354 to €274,824
- Financial charges -€109,812
down €109,812 (-98.3%), from €111,698 to €1,885
- Gross operating margin -€82,501
down €82,501 (-10.8%), from -€763,667 to -€846,168
- Staff costs +€68,307
up €68,307 (+18.7%), from €364,975 to €433,282
- Depreciation +€9,124
up €9,124 (+336%), from €2,715 to €11,839
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,351,657 | €1,978,640 | -€373,018 | -15.9% |
| Fixed assets | 21/28 | €340,581 | €246,554 | -€94,028 | -27.6% |
| Tangible fixed assets | 22/27 | €15,669 | €52,777 | +€37,109 | +237% |
| Plant, machinery and equipment | 23 | €11,007 | €34,241 | +€23,234 | +211% |
| Furniture and vehicles | 24 | €4,662 | €2,795 | -€1,867 | -40.0% |
| Other tangible fixed assets | 26 | - | €15,741 | +€15,741 | |
| Financial fixed assets | 28 | €324,913 | €193,776 | -€131,137 | -40.4% |
| Current assets | 29/58 | €2,011,076 | €1,732,086 | -€278,990 | -13.9% |
| Amounts receivable within one year | 40/41 | €1,204,123 | €726,348 | -€477,775 | -39.7% |
| Trade receivables | 40 | €1,022,752 | €592,940 | -€429,812 | -42.0% |
| Other amounts receivable | 41 | €181,372 | €133,408 | -€47,963 | -26.4% |
| Cash at bank and in hand | 54/58 | €367,376 | €889,791 | +€522,415 | +142% |
| Deferred charges and accrued income | 490/1 | €439,576 | €115,947 | -€323,630 | -73.6% |
| Total equity and liabilities | 10/49 | €2,351,657 | €1,978,640 | -€373,018 | -15.9% |
| Equity | 10/15 | -€1,259,461 | -€2,827,116 | -€1.6m | -124% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,269,461 | -€2,837,116 | -€1.6m | -123% |
| Amounts payable | 17/49 | €3,611,118 | €4,805,756 | +€1.2m | +33.1% |
| Amounts payable within one year | 42/48 | €3,523,250 | €4,717,887 | +€1.2m | +33.9% |
| Trade debts | 44 | €487,414 | €1,058,143 | +€570,728 | +117% |
| Suppliers | 440/4 | €487,414 | €1,058,143 | +€570,728 | +117% |
| Taxes, remuneration and social security | 45 | €60,361 | €24,829 | -€35,532 | -58.9% |
| Taxes | 450/3 | €5,986 | €191 | -€5,796 | -96.8% |
| Remuneration and social security | 454/9 | €54,375 | €24,638 | -€29,736 | -54.7% |
| Other amounts payable | 47/48 | €2,975,475 | €3,634,916 | +€659,441 | +22.2% |
| Accrued charges and deferred income | 492/3 | €87,868 | €87,868 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €364,975 | €433,282 | +€68,307 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,715 | €11,839 | +€9,124 | +336% |
| Other operating charges | 640/8 | €26,354 | €274,824 | +€248,470 | +943% |
| Gross operating margin | 9900 | -€763,667 | -€846,168 | -€82,501 | -10.8% |
| Operating profit (loss) | 9901 | -€1,157,711 | -€1,566,113 | -€408,403 | -35.3% |
| Financial income | 75/76B | €20 | €356 | +€336 | +1,680% |
| Recurring financial income | 75 | €20 | €356 | +€336 | +1,680% |
| Financial charges | 65/66B | €111,698 | €1,885 | -€109,812 | -98.3% |
| Recurring financial charges | 65 | €111,698 | €1,885 | -€109,812 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,269,389 | -€1,567,643 | -€298,254 | -23.5% |
| Income taxes | 67/77 | €72 | €12 | -€60 | -82.9% |
| Profit (loss) for the period | 9904 | -€1,269,461 | -€1,567,655 | -€298,194 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,269,461 | -€1,567,655 | -€298,194 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.