WS-ADVISORY: 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.
WS-ADVISORY
Largest movements
- Tangible fixed assets -€19,471
down €19,471 (-3.8%), from €515,390 to €495,919
of which Land and buildings: -€18,896
- Receivables within one year -€6,729
down €6,729 (-39.8%), from €16,921 to €10,192
of which Other amounts receivable: -€6,435
- Debts after one year -€20,000
down €20,000 (-5.2%), from €385,000 to €365,000
- Other debts +€12,078
up €12,078 (+25.4%), from €47,459 to €59,537
- Profit (loss) carried forward -€9,962
down €9,962 (-21.3%), from €46,662 to €36,700
- Tax, wage and social debts -€5,654
down €5,654 (-68.6%), from €8,246 to €2,591
- Financial charges +€5,221
up €5,221 (+38.5%), from €13,546 to €18,767
- Gross operating margin +€3,234
up €3,234 (+11.3%), from €28,743 to €31,977
- Other operating charges +€1,438
up €1,438 (+63.5%), from €2,264 to €3,701
- Depreciation -€1,291
down €1,291 (-6.2%), from €20,762 to €19,471
- Financial income -€524
no longer reported in 2025 (was €524)
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 | €533,470 | €508,587 | -€24,883 | -4.7% |
| Fixed assets | 21/28 | €515,390 | €495,919 | -€19,471 | -3.8% |
| Tangible fixed assets | 22/27 | €515,390 | €495,919 | -€19,471 | -3.8% |
| Land and buildings | 22 | €512,945 | €494,049 | -€18,896 | -3.7% |
| Furniture and vehicles | 24 | €2,445 | €1,870 | -€575 | -23.5% |
| Current assets | 29/58 | €18,080 | €12,668 | -€5,412 | -29.9% |
| Amounts receivable within one year | 40/41 | €16,921 | €10,192 | -€6,729 | -39.8% |
| Trade receivables | 40 | €9,847 | €9,553 | -€294 | -3.0% |
| Other amounts receivable | 41 | €7,075 | €640 | -€6,435 | -91.0% |
| Cash at bank and in hand | 54/58 | €235 | €442 | +€208 | +88.5% |
| Deferred charges and accrued income | 490/1 | €924 | €2,034 | +€1,110 | +120.2% |
| Total equity and liabilities | 10/49 | €533,470 | €508,587 | -€24,883 | -4.7% |
| Equity | 10/15 | €65,262 | €55,300 | -€9,962 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,662 | €36,700 | -€9,962 | -21.3% |
| Amounts payable | 17/49 | €468,208 | €453,287 | -€14,921 | -3.2% |
| Amounts payable after more than one year | 17 | €385,000 | €365,000 | -€20,000 | -5.2% |
| Financial debts | 170/4 | €385,000 | €365,000 | -€20,000 | -5.2% |
| Amounts payable within one year | 42/48 | €79,074 | €84,069 | +€4,994 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €3,370 | €1,940 | -€1,430 | -42.4% |
| Suppliers | 440/4 | €3,370 | €1,940 | -€1,430 | -42.4% |
| Taxes, remuneration and social security | 45 | €8,246 | €2,591 | -€5,654 | -68.6% |
| Taxes | 450/3 | €8,246 | €2,591 | -€5,654 | -68.6% |
| Other amounts payable | 47/48 | €47,459 | €59,537 | +€12,078 | +25.4% |
| Accrued charges and deferred income | 492/3 | €4,134 | €4,219 | +€85 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,762 | €19,471 | -€1,291 | -6.2% |
| Other operating charges | 640/8 | €2,264 | €3,701 | +€1,438 | +63.5% |
| Gross operating margin | 9900 | €28,743 | €31,977 | +€3,234 | +11.3% |
| Operating profit (loss) | 9901 | €5,718 | €8,805 | +€3,087 | +54.0% |
| Financial income | 75/76B | €524 | - | -€524 | |
| Recurring financial income | 75 | €524 | - | -€524 | |
| Financial charges | 65/66B | €13,546 | €18,767 | +€5,221 | +38.5% |
| Recurring financial charges | 65 | €13,546 | €18,767 | +€5,221 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,305 | -€9,962 | -€2,658 | -36.4% |
| Profit (loss) for the period | 9904 | -€7,305 | -€9,962 | -€2,658 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,305 | -€9,962 | -€2,658 | -36.4% |
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.