WS6: 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.
WS6
Largest movements
- Receivables within one year -€208,144
down €208,144 (-38.4%), from €542,609 to €334,465
of which Trade receivables: -€213,861
- Current investments +€184,798
up €184,798 (+1,216%), from €15,202 to €200,000
- Cash -€119,190
down €119,190 (-28.0%), from €426,203 to €307,013
mainly Contributions, distributions and other (-€617,063) and Current investments (-€184,798)
- Tangible fixed assets +€23,164
up €23,164 (+4.3%), from €535,775 to €558,938
of which Furniture and vehicles: +€43,714
- Other debts -€138,336
down €138,336 (-11.0%), from €1.3m to €1.1m
- Tax, wage and social debts +€37,017
up €37,017 (+16.5%), from €223,759 to €260,776
of which Taxes: +€36,964
- Reserves -€17,304
down €17,304 (-90.3%), from €19,164 to €1,860
of which Distributable reserves: -€17,304
- Gross operating margin -€185,943
down €185,943 (-18.1%), from €1.0m to €838,903
- Taxes -€56,417
down €56,417 (-22.3%), from €253,067 to €196,650
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 | €1,520,288 | €1,400,916 | -€119,372 | -7.9% |
| Fixed assets | 21/28 | €536,274 | €559,438 | +€23,164 | +4.3% |
| Tangible fixed assets | 22/27 | €535,775 | €558,938 | +€23,164 | +4.3% |
| Land and buildings | 22 | €504,345 | €484,287 | -€20,058 | -4.0% |
| Furniture and vehicles | 24 | €30,444 | €74,159 | +€43,714 | +144% |
| Other tangible fixed assets | 26 | €985 | €492 | -€492 | -50.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €984,014 | €841,478 | -€142,536 | -14.5% |
| Amounts receivable within one year | 40/41 | €542,609 | €334,465 | -€208,144 | -38.4% |
| Trade receivables | 40 | €541,071 | €327,210 | -€213,861 | -39.5% |
| Other amounts receivable | 41 | €1,538 | €7,255 | +€5,717 | +372% |
| Current investments | 50/53 | €15,202 | €200,000 | +€184,798 | +1,216% |
| Cash at bank and in hand | 54/58 | €426,203 | €307,013 | -€119,190 | -28.0% |
| Total equity and liabilities | 10/49 | €1,520,288 | €1,400,916 | -€119,372 | -7.9% |
| Equity | 10/15 | €37,764 | €20,460 | -€17,304 | -45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,164 | €1,860 | -€17,304 | -90.3% |
| 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 | €17,304 | - | -€17,304 | |
| Amounts payable | 17/49 | €1,482,524 | €1,380,456 | -€102,068 | -6.9% |
| Amounts payable within one year | 42/48 | €1,482,524 | €1,380,456 | -€102,068 | -6.9% |
| Trade debts | 44 | €3,366 | €2,617 | -€750 | -22.3% |
| Suppliers | 440/4 | €3,366 | €2,617 | -€750 | -22.3% |
| Taxes, remuneration and social security | 45 | €223,759 | €260,776 | +€37,017 | +16.5% |
| Taxes | 450/3 | €219,212 | €256,176 | +€36,964 | +16.9% |
| Remuneration and social security | 454/9 | €4,547 | €4,600 | +€53 | +1.2% |
| Other amounts payable | 47/48 | €1,255,399 | €1,117,063 | -€138,336 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,541 | €39,044 | +€5,503 | +16.4% |
| Other operating charges | 640/8 | €2,626 | €3,373 | +€747 | +28.5% |
| Non-recurring operating charges | 66A | - | €211 | +€211 | |
| Gross operating margin | 9900 | €1,024,846 | €838,903 | -€185,943 | -18.1% |
| Operating profit (loss) | 9901 | €988,679 | €796,276 | -€192,403 | -19.5% |
| Financial income | 75/76B | - | €2,500 | +€2,500 | |
| Recurring financial income | 75 | - | €2,500 | +€2,500 | |
| Financial charges | 65/66B | €3,503 | €2,367 | -€1,137 | -32.4% |
| Recurring financial charges | 65 | €3,503 | €2,367 | -€1,137 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €985,176 | €796,409 | -€188,767 | -19.2% |
| Income taxes | 67/77 | €253,067 | €196,650 | -€56,417 | -22.3% |
| Profit (loss) for the period | 9904 | €732,109 | €599,759 | -€132,350 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €732,109 | €599,759 | -€132,350 | -18.1% |
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 16 October 2026 via checked.be.