WSH: 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.
WSH
Largest movements
- Cash -€10,628
down €10,628 (-24.9%), from €42,708 to €32,079
mainly Trade debts (-€18,599) and Accrued charges and deferred income (-€15,000)
- Tangible fixed assets -€5,429
down €5,429 (-50.0%), from €10,849 to €5,420
- Financial fixed assets +€3,500
new in 2025: €3,500
- Trade debts -€18,599
down €18,599 (-45.3%), from €41,021 to €22,422
- Accrued charges and deferred income -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Tax, wage and social debts +€13,096
up €13,096 (+63.2%), from €20,715 to €33,811
of which Taxes: +€7,165
- Reserves +€11,230
up €11,230 (+11.8%), from €94,770 to €106,000
of which Distributable reserves: +€11,230
- Other debts -€3,366
no longer reported in 2025 (was €3,366)
- Staff costs +€30,741
up €30,741 (+34.5%), from €89,234 to €119,975
- Gross operating margin +€5,213
up €5,213 (+3.3%), from €158,924 to €164,137
- Other operating charges +€2,388
up €2,388 (+109.9%), from €2,172 to €4,560
- Taxes +€1,889
up €1,889 (+9.9%), from €19,029 to €20,919
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 | €247,286 | €234,647 | -€12,640 | -5.1% |
| Fixed assets | 21/28 | €10,849 | €8,920 | -€1,929 | -17.8% |
| Tangible fixed assets | 22/27 | €10,849 | €5,420 | -€5,429 | -50.0% |
| Furniture and vehicles | 24 | €10,849 | €5,420 | -€5,429 | -50.0% |
| Financial fixed assets | 28 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €236,437 | €225,726 | -€10,711 | -4.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,730 | €143,647 | -€82 | -0.1% |
| Trade receivables | 40 | €143,730 | €142,800 | -€930 | -0.6% |
| Other amounts receivable | 41 | - | €847 | +€847 | |
| Cash at bank and in hand | 54/58 | €42,708 | €32,079 | -€10,628 | -24.9% |
| Total equity and liabilities | 10/49 | €247,286 | €234,647 | -€12,640 | -5.1% |
| Equity | 10/15 | €137,184 | €148,414 | +€11,230 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,770 | €106,000 | +€11,230 | +11.8% |
| 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 | €92,910 | €104,140 | +€11,230 | +12.1% |
| Profit (loss) carried forward | 14 | €36,214 | €36,214 | = | 0.0% |
| Amounts payable | 17/49 | €110,102 | €86,232 | -€23,870 | -21.7% |
| Amounts payable within one year | 42/48 | €65,102 | €56,232 | -€8,870 | -13.6% |
| Trade debts | 44 | €41,021 | €22,422 | -€18,599 | -45.3% |
| Suppliers | 440/4 | €41,021 | €22,422 | -€18,599 | -45.3% |
| Taxes, remuneration and social security | 45 | €20,715 | €33,811 | +€13,096 | +63.2% |
| Taxes | 450/3 | €19,560 | €26,725 | +€7,165 | +36.6% |
| Remuneration and social security | 454/9 | €1,155 | €7,086 | +€5,931 | +513.5% |
| Other amounts payable | 47/48 | €3,366 | - | -€3,366 | |
| Accrued charges and deferred income | 492/3 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Remuneration, social security and pensions | 62 | €89,234 | €119,975 | +€30,741 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,559 | €6,916 | -€644 | -8.5% |
| Other operating charges | 640/8 | €2,172 | €4,560 | +€2,388 | +109.9% |
| Gross operating margin | 9900 | €158,924 | €164,137 | +€5,213 | +3.3% |
| Operating profit (loss) | 9901 | €59,958 | €32,686 | -€27,272 | -45.5% |
| Financial income | 75/76B | €1,619 | €1,668 | +€48 | +3.0% |
| Recurring financial income | 75 | €1,619 | €1,668 | +€48 | +3.0% |
| Financial charges | 65/66B | €1,779 | €2,205 | +€426 | +24.0% |
| Recurring financial charges | 65 | €1,779 | €2,205 | +€426 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €59,799 | €32,149 | -€27,650 | -46.2% |
| Income taxes | 67/77 | €19,029 | €20,919 | +€1,889 | +9.9% |
| Profit (loss) for the period | 9904 | €40,770 | €11,230 | -€29,540 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,770 | €11,230 | -€29,540 | -72.5% |
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 6 October 2026 via checked.be.