WS HOME IMPROVEMENT: 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.
WS HOME IMPROVEMENT
Largest movements
- Receivables within one year +€69,455
up €69,455 (+63.8%), from €108,820 to €178,275
of which Trade receivables: +€72,175
- Tangible fixed assets +€43,771
up €43,771 (+116%), from €37,840 to €81,611
of which Furniture and vehicles: +€25,823
- Deferred charges and accrued income -€25,771
down €25,771 (-6.4%), from €402,532 to €376,760
- Cash +€11,674
up €11,674 (+7.4%), from €156,727 to €168,401
mainly Trade debts (+€48,817) and Deferred charges and accrued income (+€25,771)
- Trade debts +€48,817
up €48,817 (+7.9%), from €618,568 to €667,385
- Reserves +€22,945
up €22,945 (+48.8%), from €46,994 to €69,939
of which Distributable reserves: +€22,945
- Debts after one year +€16,536
up €16,536 (+90.8%), from €18,207 to €34,744
- Gross operating margin -€29,418
down €29,418 (-24.5%), from €119,917 to €90,499
- Financial income +€23,383
up €23,383 (+2,088%), from €1,120 to €24,503
of which Non-recurring financial income: +€24,412
- Staff costs +€16,770
up €16,770 (+34.9%), from €48,113 to €64,883
- Depreciation +€4,022
up €4,022 (+68.4%), from €5,878 to €9,900
- Financial charges -€3,315
down €3,315 (-25.2%), from €13,133 to €9,818
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.
Derived cash bridge
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 | €712,569 | €806,247 | +€93,678 | +13.1% |
| Fixed assets | 21/28 | €44,490 | €82,811 | +€38,321 | +86.1% |
| Tangible fixed assets | 22/27 | €37,840 | €81,611 | +€43,771 | +116% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €31,054 | €56,877 | +€25,823 | +83.2% |
| Other tangible fixed assets | 26 | €6,786 | €24,734 | +€17,947 | +264% |
| Financial fixed assets | 28 | €6,650 | €1,200 | -€5,450 | -82.0% |
| Current assets | 29/58 | €668,079 | €723,436 | +€55,357 | +8.3% |
| Amounts receivable within one year | 40/41 | €108,820 | €178,275 | +€69,455 | +63.8% |
| Trade receivables | 40 | €94,523 | €166,699 | +€72,175 | +76.4% |
| Other amounts receivable | 41 | €14,297 | €11,577 | -€2,721 | -19.0% |
| Cash at bank and in hand | 54/58 | €156,727 | €168,401 | +€11,674 | +7.4% |
| Deferred charges and accrued income | 490/1 | €402,532 | €376,760 | -€25,771 | -6.4% |
| Total equity and liabilities | 10/49 | €712,569 | €806,247 | +€93,678 | +13.1% |
| Equity | 10/15 | €51,856 | €74,801 | +€22,945 | +44.2% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €46,994 | €69,939 | +€22,945 | +48.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,134 | €68,079 | +€22,945 | +50.8% |
| Profit (loss) carried forward | 14 | €4,862 | €4,862 | = | 0.0% |
| Amounts payable | 17/49 | €660,713 | €731,446 | +€70,733 | +10.7% |
| Amounts payable after more than one year | 17 | €18,207 | €34,744 | +€16,536 | +90.8% |
| Financial debts | 170/4 | €18,207 | €34,744 | +€16,536 | +90.8% |
| Amounts payable within one year | 42/48 | €642,506 | €696,703 | +€54,197 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €4,655 | €9,907 | +€5,253 | +113% |
| Trade debts | 44 | €618,568 | €667,385 | +€48,817 | +7.9% |
| Suppliers | 440/4 | €618,568 | €667,385 | +€48,817 | +7.9% |
| Taxes, remuneration and social security | 45 | €17,935 | €17,556 | -€379 | -2.1% |
| Taxes | 450/3 | €6,165 | €6,808 | +€642 | +10.4% |
| Remuneration and social security | 454/9 | €11,769 | €10,748 | -€1,022 | -8.7% |
| Other amounts payable | 47/48 | €1,348 | €1,855 | +€507 | +37.6% |
| Remuneration, social security and pensions | 62 | €48,113 | €64,883 | +€16,770 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,878 | €9,900 | +€4,022 | +68.4% |
| Other operating charges | 640/8 | €3,748 | €4,863 | +€1,115 | +29.7% |
| Gross operating margin | 9900 | €119,917 | €90,499 | -€29,418 | -24.5% |
| Operating profit (loss) | 9901 | €62,179 | €10,854 | -€51,325 | -82.5% |
| Financial income | 75/76B | €1,120 | €24,503 | +€23,383 | +2,088% |
| Recurring financial income | 75 | €1,120 | €91 | -€1,029 | -91.9% |
| Non-recurring financial income | 76B | €0 | €24,412 | +€24,412 | |
| Financial charges | 65/66B | €13,133 | €9,818 | -€3,315 | -25.2% |
| Recurring financial charges | 65 | €13,133 | €9,818 | -€3,315 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €50,165 | €25,539 | -€24,626 | -49.1% |
| Income taxes | 67/77 | €5,031 | €2,594 | -€2,437 | -48.4% |
| Profit (loss) for the period | 9904 | €45,134 | €22,945 | -€22,190 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,134 | €22,945 | -€22,190 | -49.2% |
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 29 October 2026 via checked.be.