WSE: 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.
WSE
Largest movements
- Receivables within one year +€30,048
up €30,048 (+17.2%), from €174,520 to €204,569
- Intangible fixed assets -€20,480
down €20,480 (-35.3%), from €58,027 to €37,547
- Other debts +€75,761
new in 2025: €75,761
- Tax, wage and social debts -€38,986
down €38,986 (-72.2%), from €53,968 to €14,982
- Profit (loss) carried forward -€23,144
down €23,144 (-7.9%), from -€294,211 to -€317,355
- Current portion of long-term debt -€5,824
down €5,824 (-91.7%), from €6,353 to €529
- Staff costs -€44,635
down €44,635 (-100.0%), from €44,635 to €0
- Gross operating margin -€37,053
down €37,053, from €35,277 to -€1,776
- Depreciation -€3,133
down €3,133 (-13.1%), from €23,864 to €20,731
- Financial charges -€974
down €974 (-79.6%), from €1,224 to €250
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 | €264,590 | €272,345 | +€7,755 | +2.9% |
| Fixed assets | 21/28 | €58,416 | €37,685 | -€20,731 | -35.5% |
| Intangible fixed assets | 21 | €58,027 | €37,547 | -€20,480 | -35.3% |
| Tangible fixed assets | 22/27 | €389 | €139 | -€251 | -64.4% |
| Furniture and vehicles | 24 | €389 | €139 | -€251 | -64.4% |
| Current assets | 29/58 | €206,174 | €234,660 | +€28,486 | +13.8% |
| Amounts receivable within one year | 40/41 | €174,520 | €204,569 | +€30,048 | +17.2% |
| Other amounts receivable | 41 | €174,520 | €204,569 | +€30,048 | +17.2% |
| Cash at bank and in hand | 54/58 | €31,653 | €30,091 | -€1,562 | -4.9% |
| Total equity and liabilities | 10/49 | €264,590 | €272,345 | +€7,755 | +2.9% |
| Equity | 10/15 | €201,249 | €178,105 | -€23,144 | -11.5% |
| Contributions | 10/11 | €493,600 | €493,600 | = | 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 | -€294,211 | -€317,355 | -€23,144 | -7.9% |
| Amounts payable | 17/49 | €63,341 | €94,240 | +€30,899 | +48.8% |
| Amounts payable after more than one year | 17 | €529 | €0 | -€529 | -100.0% |
| Financial debts | 170/4 | €529 | €0 | -€529 | -100.0% |
| Amounts payable within one year | 42/48 | €62,812 | €94,240 | +€31,428 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €6,353 | €529 | -€5,824 | -91.7% |
| Trade debts | 44 | €2,490 | €2,967 | +€477 | +19.2% |
| Suppliers | 440/4 | €2,490 | €2,967 | +€477 | +19.2% |
| Taxes, remuneration and social security | 45 | €53,968 | €14,982 | -€38,986 | -72.2% |
| Taxes | 450/3 | €53,968 | €14,982 | -€38,986 | -72.2% |
| Other amounts payable | 47/48 | - | €75,761 | +€75,761 | |
| Remuneration, social security and pensions | 62 | €44,635 | €0 | -€44,635 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,864 | €20,731 | -€3,133 | -13.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €35,277 | -€1,776 | -€37,053 | |
| Operating profit (loss) | 9901 | -€33,607 | -€22,894 | +€10,713 | +31.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,224 | €250 | -€974 | -79.6% |
| Recurring financial charges | 65 | €1,224 | €250 | -€974 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,831 | -€23,144 | +€11,687 | +33.6% |
| Profit (loss) for the period | 9904 | -€34,831 | -€23,144 | +€11,687 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,831 | -€23,144 | +€11,687 | +33.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.