WS Projects: 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 Projects
Largest movements
- Stocks and contracts -€168,315
down €168,315 (-40.9%), from €412,002 to €243,687
- Short-term financial debts -€316,000
no longer reported in 2025 (was €316,000)
- Other debts +€175,230
up €175,230 (+167.5%), from €104,599 to €279,829
- Profit (loss) carried forward -€26,067
new in 2025: -€26,067
- Financial charges +€15,920
up €15,920 (+211.6%), from €7,522 to €23,443
- Gross operating margin -€11,349
down €11,349, from €8,694 to -€2,654
- Taxes -€234
no longer reported in 2025 (was €234)
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 | €424,158 | €256,934 | -€167,224 | -39.4% |
| Current assets | 29/58 | €424,158 | €256,934 | -€167,224 | -39.4% |
| Stocks and contracts in progress | 3 | €412,002 | €243,687 | -€168,315 | -40.9% |
| Stocks | 30/36 | €412,002 | €243,687 | -€168,315 | -40.9% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156 | €516 | +€360 | +230.7% |
| Deferred charges and accrued income | 490/1 | - | €731 | +€731 | |
| Total equity and liabilities | 10/49 | €424,158 | €256,934 | -€167,224 | -39.4% |
| Equity | 10/15 | €2,937 | -€23,130 | -€26,067 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €937 | €937 | = | 0.0% |
| Distributable reserves | 133 | €937 | €937 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,067 | -€26,067 | |
| Amounts payable | 17/49 | €421,221 | €280,063 | -€141,157 | -33.5% |
| Amounts payable within one year | 42/48 | €421,221 | €280,063 | -€141,157 | -33.5% |
| Financial debts | 43 | €316,000 | - | -€316,000 | |
| Credit institutions | 430/8 | €316,000 | - | -€316,000 | |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €234 | €234 | = | 0.0% |
| Taxes | 450/3 | €234 | €234 | = | 0.0% |
| Other amounts payable | 47/48 | €104,599 | €279,829 | +€175,230 | +167.5% |
| Gross operating margin | 9900 | €8,694 | -€2,654 | -€11,349 | |
| Operating profit (loss) | 9901 | €8,694 | -€2,654 | -€11,349 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €7,522 | €23,443 | +€15,920 | +211.6% |
| Recurring financial charges | 65 | €7,522 | €23,443 | +€15,920 | +211.6% |
| Profit (loss) for the period before taxes | 9903 | €1,172 | -€26,067 | -€27,239 | |
| Income taxes | 67/77 | €234 | - | -€234 | |
| Profit (loss) for the period | 9904 | €937 | -€26,067 | -€27,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €937 | -€26,067 | -€27,005 |
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 7 October 2026 via checked.be.