WRB: 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.
WRB
Largest movements
- Receivables within one year -€70,578
down €70,578 (-65.8%), from €107,291 to €36,713
of which Trade receivables: -€62,489
- Receivables after one year +€38,000
new in 2023: €38,000
- Cash -€13,053
down €13,053 (-51.0%), from €25,603 to €12,551
mainly Trade debts (-€52,091) and Receivables after one year (-€38,000)
- Tangible fixed assets -€3,313
down €3,313 (-24.8%), from €13,381 to €10,068
of which Furniture and vehicles: -€2,245
- Deferred charges and accrued income +€1,636
up €1,636 (+99.8%), from €1,640 to €3,275
- Trade debts -€52,091
down €52,091 (-74.0%), from €70,382 to €18,291
- Profit (loss) carried forward +€27,455
up €27,455 (+62.3%), from €44,094 to €71,549
- Debts after one year -€17,012
no longer reported in 2023 (was €17,012)
- Accrued charges and deferred income -€16,000
no longer reported in 2023 (was €16,000)
- Tax, wage and social debts +€6,987
up €6,987 (+79.0%), from €8,841 to €15,827
- Gross operating margin +€19,886
up €19,886 (+71.4%), from €27,854 to €47,740
- Taxes +€8,249
up €8,249 (+232.6%), from €3,547 to €11,796
- Depreciation -€3,740
down €3,740 (-42.7%), from €8,753 to €5,013
- Financial charges -€2,130
down €2,130 (-37.5%), from €5,673 to €3,543
- Staff costs -€1,644
down €1,644 (-83.7%), from €1,963 to €319
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,329 | €110,486 | -€46,843 | -29.8% |
| Fixed assets | 21/28 | €14,173 | €10,360 | -€3,813 | -26.9% |
| Intangible fixed assets | 21 | €792 | €292 | -€500 | -63.2% |
| Tangible fixed assets | 22/27 | €13,381 | €10,068 | -€3,313 | -24.8% |
| Plant, machinery and equipment | 23 | €2,665 | €3,374 | +€709 | +26.6% |
| Furniture and vehicles | 24 | €5,112 | €2,867 | -€2,245 | -43.9% |
| Other tangible fixed assets | 26 | €5,604 | €3,826 | -€1,778 | -31.7% |
| Current assets | 29/58 | €143,157 | €100,127 | -€43,030 | -30.1% |
| Amounts receivable after more than one year | 29 | - | €38,000 | +€38,000 | |
| Other amounts receivable | 291 | - | €38,000 | +€38,000 | |
| Stocks and contracts in progress | 3 | €8,623 | €9,587 | +€964 | +11.2% |
| Stocks | 30/36 | €8,623 | €9,587 | +€964 | +11.2% |
| Amounts receivable within one year | 40/41 | €107,291 | €36,713 | -€70,578 | -65.8% |
| Trade receivables | 40 | €85,572 | €23,084 | -€62,489 | -73.0% |
| Other amounts receivable | 41 | €21,719 | €13,630 | -€8,089 | -37.2% |
| Cash at bank and in hand | 54/58 | €25,603 | €12,551 | -€13,053 | -51.0% |
| Deferred charges and accrued income | 490/1 | €1,640 | €3,275 | +€1,636 | +99.8% |
| Total equity and liabilities | 10/49 | €157,329 | €110,486 | -€46,843 | -29.8% |
| Equity | 10/15 | €45,094 | €72,549 | +€27,455 | +60.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,094 | €71,549 | +€27,455 | +62.3% |
| Amounts payable | 17/49 | €112,235 | €37,938 | -€74,298 | -66.2% |
| Amounts payable after more than one year | 17 | €17,012 | - | -€17,012 | |
| Financial debts | 170/4 | €17,012 | - | -€17,012 | |
| Amounts payable within one year | 42/48 | €79,223 | €37,938 | -€41,286 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,028 | +€3,028 | |
| Trade debts | 44 | €70,382 | €18,291 | -€52,091 | -74.0% |
| Suppliers | 440/4 | €70,382 | €18,291 | -€52,091 | -74.0% |
| Taxes, remuneration and social security | 45 | €8,841 | €15,827 | +€6,987 | +79.0% |
| Taxes | 450/3 | €8,841 | €15,827 | +€6,987 | +79.0% |
| Other amounts payable | 47/48 | - | €791 | +€791 | |
| Accrued charges and deferred income | 492/3 | €16,000 | - | -€16,000 | |
| Remuneration, social security and pensions | 62 | €1,963 | €319 | -€1,644 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,753 | €5,013 | -€3,740 | -42.7% |
| Other operating charges | 640/8 | €501 | €886 | +€384 | +76.6% |
| Gross operating margin | 9900 | €27,854 | €47,740 | +€19,886 | +71.4% |
| Operating profit (loss) | 9901 | €16,637 | €41,522 | +€24,885 | +149.6% |
| Financial income | 75/76B | €120 | €1,272 | +€1,152 | +961.3% |
| Recurring financial income | 75 | €120 | €1,272 | +€1,152 | +961.3% |
| Financial charges | 65/66B | €5,673 | €3,543 | -€2,130 | -37.5% |
| Recurring financial charges | 65 | €5,673 | €3,543 | -€2,130 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €11,084 | €39,251 | +€28,167 | +254.1% |
| Income taxes | 67/77 | €3,547 | €11,796 | +€8,249 | +232.6% |
| Profit (loss) for the period | 9904 | €7,537 | €27,455 | +€19,918 | +264.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,537 | €27,455 | +€19,918 | +264.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.