WR5i: what changed
Two fiscal 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.
WR5i
Largest movements
- Tangible fixed assets -€47,387
down €47,387 (-6.1%), from €773,087 to €725,700
of which Land and buildings: -€44,633
- Cash +€15,241
up €15,241 (+40.5%), from €37,638 to €52,879
mainly Net result for the year (+€138,036) and Depreciation (+€47,387)
- Debts after one year -€163,703
down €163,703 (-15.2%), from €1.1m to €914,351
- Reserves +€138,036
up €138,036 (+78.3%), from €176,310 to €314,347
- Other debts -€17,711
down €17,711 (-23.1%), from €76,534 to €58,824
- Gross operating margin +€73,173
up €73,173 (+39.5%), from €185,477 to €258,650
- Taxes +€25,697
up €25,697 (+126.9%), from €20,254 to €45,951
- Financial charges +€8,327
up €8,327 (+47.1%), from €17,679 to €26,006
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 | €1,433,025 | €1,400,901 | -€32,125 | -2.2% |
| Fixed assets | 21/28 | €1,373,087 | €1,325,700 | -€47,387 | -3.5% |
| Tangible fixed assets | 22/27 | €773,087 | €725,700 | -€47,387 | -6.1% |
| Land and buildings | 22 | €768,882 | €724,249 | -€44,633 | -5.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,205 | €1,451 | -€2,754 | -65.5% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €59,938 | €75,201 | +€15,262 | +25.5% |
| Amounts receivable within one year | 40/41 | €20,241 | €21,868 | +€1,627 | +8.0% |
| Trade receivables | 40 | €15,495 | €21,613 | +€6,118 | +39.5% |
| Other amounts receivable | 41 | €4,746 | €254 | -€4,491 | -94.6% |
| Cash at bank and in hand | 54/58 | €37,638 | €52,879 | +€15,241 | +40.5% |
| Deferred charges and accrued income | 490/1 | €2,060 | €454 | -€1,605 | -77.9% |
| Total equity and liabilities | 10/49 | €1,433,025 | €1,400,901 | -€32,125 | -2.2% |
| Equity | 10/15 | €186,310 | €324,347 | +€138,036 | +74.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €176,310 | €314,347 | +€138,036 | +78.3% |
| Distributable reserves | 133 | €176,310 | €314,347 | +€138,036 | +78.3% |
| Amounts payable | 17/49 | €1,246,715 | €1,076,554 | -€170,161 | -13.6% |
| Amounts payable after more than one year | 17 | €1,078,055 | €914,351 | -€163,703 | -15.2% |
| Financial debts | 170/4 | €1,078,055 | €914,351 | -€163,703 | -15.2% |
| Amounts payable within one year | 42/48 | €168,660 | €162,202 | -€6,458 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €82,103 | €83,703 | +€1,600 | +1.9% |
| Trade debts | 44 | €668 | €14 | -€654 | -97.9% |
| Suppliers | 440/4 | €668 | €14 | -€654 | -97.9% |
| Taxes, remuneration and social security | 45 | €9,355 | €19,662 | +€10,307 | +110.2% |
| Taxes | 450/3 | €9,355 | €19,662 | +€10,307 | +110.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €76,534 | €58,824 | -€17,711 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,993 | €47,387 | -€1,606 | -3.3% |
| Other operating charges | 640/8 | €1,161 | €1,268 | +€108 | +9.3% |
| Gross operating margin | 9900 | €185,477 | €258,650 | +€73,173 | +39.5% |
| Operating profit (loss) | 9901 | €135,324 | €209,994 | +€74,670 | +55.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €17,679 | €26,006 | +€8,327 | +47.1% |
| Recurring financial charges | 65 | €17,679 | €26,006 | +€8,327 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €117,645 | €183,988 | +€66,343 | +56.4% |
| Income taxes | 67/77 | €20,254 | €45,951 | +€25,697 | +126.9% |
| Profit (loss) for the period | 9904 | €97,390 | €138,036 | +€40,646 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,390 | €138,036 | +€40,646 | +41.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.