WSB 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.
What changed
WSB Projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€377,808
2024 · €1.0m-€1.4m
Equity
€230,134
2024 · €607,942-€377,808
Cash
€8,192
2024 · €11,417-€3,225
Balance sheet total
€7.5m
2024 · €7.7m-€138,937
Largest movements
Assets
- Receivables within one year -€140,193
down €140,193 (-83.5%), from €167,835 to €27,643
of which Trade receivables: -€75,193
Equity and liabilities
- Debts after one year +€5.3m
up €5.3m (+330.6%), from €1.6m to €6.9m
- Short-term financial debts -€5.1m
down €5.1m (-100.0%), from €5.1m to €0
- Profit (loss) carried forward -€377,808
down €377,808 (-69.9%), from €540,292 to €162,484
- Accrued charges and deferred income +€118,524
up €118,524 (+39.2%), from €302,108 to €420,632
Income statement
- Financial income -€1.5m
down €1.5m (-99.7%), from €1.5m to €4,481
- Financial charges -€97,341
down €97,341 (-20.5%), from €473,827 to €376,486
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.
Result 2024
€1.0m
Other operating charges
-€27
Other operating items
+€2,017
Financial income
-€1.5m
Financial charges
+€97,341
Result 2025
-€377,808
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.
From operations
-€198,225
Investment
€0
Financing
+€195,000
Cash 2024
€11,417
From operations (derived)
-€198,225
Net result for the year
-€377,808
Receivables within one year
+€140,193
Deferred charges and accrued income
-€4,481
Trade debts
-€74,653
Accrued charges and deferred income
+€118,524
Financing
+€195,000
Debts after one year
+€5.3m
Short-term financial debts
-€5.1m
Cash 2025
€8,192
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,682,534 | €7,543,597 | -€138,937 | -1.8% |
| Fixed assets | 21/28 | €7,502,687 | €7,502,687 | = | 0.0% |
| Financial fixed assets | 28 | €7,502,687 | €7,502,687 | = | 0.0% |
| Affiliated companies | 280/1 | €7,502,687 | €7,502,687 | = | 0.0% |
| Participating interests | 280 | €7,502,687 | €7,502,687 | = | 0.0% |
| Current assets | 29/58 | €179,847 | €40,910 | -€138,937 | -77.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €167,835 | €27,643 | -€140,193 | -83.5% |
| Trade receivables | 40 | €75,193 | - | -€75,193 | |
| Other amounts receivable | 41 | €92,643 | €27,643 | -€65,000 | -70.2% |
| Cash at bank and in hand | 54/58 | €11,417 | €8,192 | -€3,225 | -28.2% |
| Deferred charges and accrued income | 490/1 | €595 | €5,076 | +€4,481 | +753.3% |
| Total equity and liabilities | 10/49 | €7,682,534 | €7,543,597 | -€138,937 | -1.8% |
| Equity | 10/15 | €607,942 | €230,134 | -€377,808 | -62.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,292 | €162,484 | -€377,808 | -69.9% |
| Amounts payable | 17/49 | €7,074,593 | €7,313,464 | +€238,871 | +3.4% |
| Amounts payable after more than one year | 17 | €1,599,000 | €6,886,000 | +€5.3m | +330.6% |
| Financial debts | 170/4 | €1,599,000 | €6,886,000 | +€5.3m | +330.6% |
| Credit institutions | 173 | €0 | €5,092,000 | +€5.1m | |
| Other loans | 174 | €1,599,000 | €1,794,000 | +€195,000 | +12.2% |
| Amounts payable within one year | 42/48 | €5,173,485 | €6,832 | -€5.2m | -99.9% |
| Financial debts | 43 | €5,092,000 | €0 | -€5.1m | -100.0% |
| Credit institutions | 430/8 | €5,092,000 | €0 | -€5.1m | -100.0% |
| Trade debts | 44 | €81,485 | €6,832 | -€74,653 | -91.6% |
| Suppliers | 440/4 | €81,485 | €6,832 | -€74,653 | -91.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €302,108 | €420,632 | +€118,524 | +39.2% |
| Operating charges | 60/66A | €7,792 | €5,802 | -€1,989 | -25.5% |
| Services and other goods | 61 | €6,111 | €4,094 | -€2,017 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,681 | €1,708 | +€27 | +1.6% |
| Operating profit (loss) | 9901 | -€7,792 | -€5,802 | +€1,989 | +25.5% |
| Financial income | 75/76B | €1,500,595 | €4,481 | -€1.5m | -99.7% |
| Recurring financial income | 75 | €1,500,595 | €4,481 | -€1.5m | -99.7% |
| Income from financial fixed assets | 750 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Income from current assets | 751 | €595 | €4,481 | +€3,886 | +653.3% |
| Financial charges | 65/66B | €473,827 | €376,486 | -€97,341 | -20.5% |
| Recurring financial charges | 65 | €473,827 | €376,486 | -€97,341 | -20.5% |
| Debt charges | 650 | €473,351 | €375,931 | -€97,420 | -20.6% |
| Other financial charges | 652/9 | €476 | €555 | +€79 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,018,975 | -€377,808 | -€1.4m | |
| Profit (loss) for the period | 9904 | €1,018,975 | -€377,808 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,018,975 | -€377,808 | -€1.4m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.