WP: 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.
WP
Largest movements
- Tangible fixed assets -€32,979
down €32,979 (-53.4%), from €61,719 to €28,740
- Receivables within one year +€21,515
up €21,515 (+25.9%), from €82,953 to €104,468
of which Other amounts receivable: +€18,235
- Cash +€9,776
up €9,776 (+648%), from €1,510 to €11,285
mainly Depreciation (+€32,979) and Net result for the year (+€23,180)
- Profit (loss) carried forward +€23,180
up €23,180 (+23.9%), from €97,087 to €120,267
- Current portion of long-term debt -€14,737
down €14,737 (-88.3%), from €16,691 to €1,953
- Tax, wage and social debts -€12,915
down €12,915 (-57.5%), from €22,451 to €9,536
of which Taxes: -€11,595
- Short-term financial debts +€4,737
up €4,737 (+94.7%), from €5,000 to €9,737
- Debts after one year -€1,953
no longer reported in 2024 (was €1,953)
- Turnover +€369,189
up €369,189 (+36.0%), from €1.0m to €1.4m
- Purchases and services +€321,238
up €321,238 (+31.9%), from €1.0m to €1.3m
- Gross operating margin +€48,118
up €48,118 (+172%), from €27,931 to €76,049
- Taxes +€16,258
up €16,258, from -€2,529 to €13,730
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 | €146,182 | €144,493 | -€1,688 | -1.2% |
| Fixed assets | 21/28 | €61,719 | €28,740 | -€32,979 | -53.4% |
| Tangible fixed assets | 22/27 | €61,719 | €28,740 | -€32,979 | -53.4% |
| Furniture and vehicles | 24 | €61,719 | €28,740 | -€32,979 | -53.4% |
| Current assets | 29/58 | €84,462 | €115,753 | +€31,291 | +37.0% |
| Amounts receivable within one year | 40/41 | €82,953 | €104,468 | +€21,515 | +25.9% |
| Trade receivables | 40 | €74,949 | €78,229 | +€3,280 | +4.4% |
| Other amounts receivable | 41 | €8,004 | €26,239 | +€18,235 | +228% |
| Cash at bank and in hand | 54/58 | €1,510 | €11,285 | +€9,776 | +648% |
| Total equity and liabilities | 10/49 | €146,182 | €144,493 | -€1,688 | -1.2% |
| Equity | 10/15 | €100,087 | €123,267 | +€23,180 | +23.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,087 | €120,267 | +€23,180 | +23.9% |
| Amounts payable | 17/49 | €46,095 | €21,226 | -€24,868 | -54.0% |
| Amounts payable after more than one year | 17 | €1,953 | - | -€1,953 | |
| Financial debts | 170/4 | €1,953 | - | -€1,953 | |
| Amounts payable within one year | 42/48 | €44,142 | €21,226 | -€22,915 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €16,691 | €1,953 | -€14,737 | -88.3% |
| Financial debts | 43 | €5,000 | €9,737 | +€4,737 | +94.7% |
| Credit institutions | 430/8 | €5,000 | €9,737 | +€4,737 | +94.7% |
| Taxes, remuneration and social security | 45 | €22,451 | €9,536 | -€12,915 | -57.5% |
| Taxes | 450/3 | €21,131 | €9,536 | -€11,595 | -54.9% |
| Remuneration and social security | 454/9 | €1,320 | - | -€1,320 | |
| Turnover | 70 | €1,025,725 | €1,394,914 | +€369,189 | +36.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,006,540 | €1,327,777 | +€321,238 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,881 | €32,979 | +€1,098 | +3.4% |
| Other operating charges | 640/8 | €5,299 | €3,338 | -€1,961 | -37.0% |
| Gross operating margin | 9900 | €27,931 | €76,049 | +€48,118 | +172% |
| Operating profit (loss) | 9901 | -€9,249 | €39,732 | +€48,981 | |
| Financial charges | 65/66B | €2,226 | €2,822 | +€596 | +26.8% |
| Recurring financial charges | 65 | €2,226 | €2,822 | +€596 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,475 | €36,910 | +€48,385 | |
| Income taxes | 67/77 | -€2,529 | €13,730 | +€16,258 | |
| Profit (loss) for the period | 9904 | -€8,946 | €23,180 | +€32,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,946 | €23,180 | +€32,126 |
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 15 October 2026 via checked.be.