WSD GROUP: 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.
WSD GROUP
Largest movements
- Receivables within one year -€40,781
down €40,781 (-74.4%), from €54,838 to €14,056
of which Other amounts receivable: -€42,138
- Short-term financial debts -€29,974
no longer reported in 2025 (was €29,974)
- Profit (loss) carried forward -€12,755
down €12,755 (-514%), from -€2,482 to -€15,237
- Other debts +€5,067
new in 2025: €5,067
- Trade debts -€2,219
down €2,219 (-37.1%), from €5,985 to €3,766
- Tax, wage and social debts -€900
no longer reported in 2025 (was €900)
- Gross operating margin +€5,279
up €5,279 (+31.6%), from -€16,714 to -€11,435
- Financial income -€1,703
down €1,703 (-61.6%), from €2,764 to €1,061
- Financial charges -€587
down €587 (-25.5%), from €2,301 to €1,714
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,838 | €14,056 | -€40,781 | -74.4% |
| Current assets | 29/58 | €54,838 | €14,056 | -€40,781 | -74.4% |
| Amounts receivable within one year | 40/41 | €54,838 | €14,056 | -€40,781 | -74.4% |
| Trade receivables | 40 | €7,455 | €8,812 | +€1,356 | +18.2% |
| Other amounts receivable | 41 | €47,382 | €5,245 | -€42,138 | -88.9% |
| Total equity and liabilities | 10/49 | €54,838 | €14,056 | -€40,781 | -74.4% |
| Equity | 10/15 | €17,978 | €5,223 | -€12,755 | -70.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,482 | -€15,237 | -€12,755 | -514% |
| Amounts payable | 17/49 | €36,860 | €8,833 | -€28,027 | -76.0% |
| Amounts payable within one year | 42/48 | €36,860 | €8,833 | -€28,027 | -76.0% |
| Financial debts | 43 | €29,974 | - | -€29,974 | |
| Credit institutions | 430/8 | €29,974 | - | -€29,974 | |
| Trade debts | 44 | €5,985 | €3,766 | -€2,219 | -37.1% |
| Suppliers | 440/4 | €5,985 | €3,766 | -€2,219 | -37.1% |
| Taxes, remuneration and social security | 45 | €900 | - | -€900 | |
| Taxes | 450/3 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | - | €5,067 | +€5,067 | |
| Other operating charges | 640/8 | €712 | €666 | -€45 | -6.4% |
| Gross operating margin | 9900 | -€16,714 | -€11,435 | +€5,279 | +31.6% |
| Operating profit (loss) | 9901 | -€17,426 | -€12,101 | +€5,324 | +30.6% |
| Financial income | 75/76B | €2,764 | €1,061 | -€1,703 | -61.6% |
| Recurring financial income | 75 | €2,764 | €1,061 | -€1,703 | -61.6% |
| Financial charges | 65/66B | €2,301 | €1,714 | -€587 | -25.5% |
| Recurring financial charges | 65 | €2,301 | €1,714 | -€587 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,963 | -€12,755 | +€4,208 | +24.8% |
| Profit (loss) for the period | 9904 | -€16,963 | -€12,755 | +€4,208 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,963 | -€12,755 | +€4,208 | +24.8% |
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.