WR&T: 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.
WR&T
Largest movements
- Stocks and contracts +€15,721
up €15,721 (+87.0%), from €18,068 to €33,789
- Receivables within one year -€4,828
no longer reported in 2025 (was €4,828)
- Deferred charges and accrued income -€2,139
down €2,139 (-79.2%), from €2,700 to €561
- Other debts +€14,500
up €14,500 (+23.3%), from €62,360 to €76,860
- Profit (loss) carried forward -€10,697
down €10,697 (-22.6%), from -€47,237 to -€57,934
- Tax, wage and social debts +€3,233
up €3,233 (+75.3%), from €4,292 to €7,525
- Trade debts +€1,754
up €1,754 (+96.0%), from €1,828 to €3,582
- Gross operating margin -€7,249
down €7,249 (-433.6%), from -€1,672 to -€8,920
- Financial income +€544
new in 2025: €544
- Other operating charges +€202
up €202 (+20.5%), from €985 to €1,187
- Financial charges -€196
down €196 (-16.3%), from €1,206 to €1,010
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.
Cash bridge derived
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 | €28,573 | €37,363 | +€8,790 | +30.8% |
| Fixed assets | 21/28 | €1,935 | €1,935 | = | 0.0% |
| Financial fixed assets | 28 | €1,935 | €1,935 | = | 0.0% |
| Current assets | 29/58 | €26,638 | €35,428 | +€8,790 | +33.0% |
| Stocks and contracts in progress | 3 | €18,068 | €33,789 | +€15,721 | +87.0% |
| Stocks | 30/36 | €18,068 | €33,789 | +€15,721 | +87.0% |
| Amounts receivable within one year | 40/41 | €4,828 | - | -€4,828 | |
| Trade receivables | 40 | €4,828 | - | -€4,828 | |
| Cash at bank and in hand | 54/58 | €1,041 | €1,077 | +€36 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,700 | €561 | -€2,139 | -79.2% |
| Total equity and liabilities | 10/49 | €28,573 | €37,363 | +€8,790 | +30.8% |
| Equity | 10/15 | -€39,907 | -€50,604 | -€10,697 | -26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,130 | €1,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,130 | €1,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,130 | €1,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,237 | -€57,934 | -€10,697 | -22.6% |
| Amounts payable | 17/49 | €68,479 | €87,967 | +€19,488 | +28.5% |
| Amounts payable within one year | 42/48 | €68,479 | €87,967 | +€19,488 | +28.5% |
| Trade debts | 44 | €1,828 | €3,582 | +€1,754 | +96.0% |
| Suppliers | 440/4 | €1,828 | €3,582 | +€1,754 | +96.0% |
| Taxes, remuneration and social security | 45 | €4,292 | €7,525 | +€3,233 | +75.3% |
| Taxes | 450/3 | €4,292 | €7,525 | +€3,233 | +75.3% |
| Other amounts payable | 47/48 | €62,360 | €76,860 | +€14,500 | +23.3% |
| Other operating charges | 640/8 | €985 | €1,187 | +€202 | +20.5% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | -€1,672 | -€8,920 | -€7,249 | -433.6% |
| Operating profit (loss) | 9901 | -€2,657 | -€10,166 | -€7,509 | -282.6% |
| Financial income | 75/76B | - | €544 | +€544 | |
| Recurring financial income | 75 | - | €544 | +€544 | |
| Financial charges | 65/66B | €1,206 | €1,010 | -€196 | -16.3% |
| Recurring financial charges | 65 | €1,206 | €1,010 | -€196 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,863 | -€10,631 | -€6,768 | -175.2% |
| Income taxes | 67/77 | €64 | €66 | +€3 | +4.2% |
| Profit (loss) for the period | 9904 | -€3,927 | -€10,697 | -€6,771 | -172.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,927 | -€10,697 | -€6,771 | -172.4% |
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 9 October 2026 via checked.be.