WSL Solutions: 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.
WSL Solutions
Largest movements
- Receivables within one year -€93,051
down €93,051 (-35.5%), from €261,979 to €168,928
of which Trade receivables: -€159,197
- Cash +€51,112
up €51,112 (+109%), from €46,886 to €97,998
mainly Net result for the year (+€129,560) and Receivables within one year (+€93,051)
- Tangible fixed assets +€5,507
up €5,507 (+20.6%), from €26,670 to €32,177
of which Plant, machinery and equipment: +€10,580
- Trade debts -€157,018
down €157,018 (-79.8%), from €196,666 to €39,649
- Profit (loss) carried forward +€129,560
up €129,560 (+202%), from €64,194 to €193,754
- Advances received -€46,443
down €46,443 (-100%), from €46,443 to €0
- Tax, wage and social debts +€32,088
up €32,088 (+2,427%), from €1,322 to €33,410
of which Taxes: +€29,522
- Current portion of long-term debt +€7,047
up €7,047 (+35.2%), from €20,000 to €27,047
- Gross operating margin +€99,176
up €99,176 (+101%), from €98,543 to €197,719
- Taxes +€26,060
up €26,060 (+122%), from €21,322 to €47,381
- Depreciation +€6,236
up €6,236 (+166%), from €3,754 to €9,989
- Financial income +€4,064
up €4,064 (+160,625%), from €3 to €4,066
- Staff costs +€3,479
up €3,479 (+77.1%), from €4,514 to €7,993
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 | €341,203 | €306,438 | -€34,765 | -10.2% |
| Fixed assets | 21/28 | €26,715 | €32,222 | +€5,507 | +20.6% |
| Tangible fixed assets | 22/27 | €26,670 | €32,177 | +€5,507 | +20.6% |
| Plant, machinery and equipment | 23 | €5,868 | €16,449 | +€10,580 | +180% |
| Furniture and vehicles | 24 | €20,802 | €15,728 | -€5,073 | -24.4% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €314,488 | €274,216 | -€40,272 | -12.8% |
| Amounts receivable within one year | 40/41 | €261,979 | €168,928 | -€93,051 | -35.5% |
| Trade receivables | 40 | €210,786 | €51,589 | -€159,197 | -75.5% |
| Other amounts receivable | 41 | €51,193 | €117,339 | +€66,146 | +129% |
| Cash at bank and in hand | 54/58 | €46,886 | €97,998 | +€51,112 | +109% |
| Deferred charges and accrued income | 490/1 | €5,623 | €7,290 | +€1,667 | +29.7% |
| Total equity and liabilities | 10/49 | €341,203 | €306,438 | -€34,765 | -10.2% |
| Equity | 10/15 | €76,772 | €206,332 | +€129,560 | +169% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,578 | €10,578 | = | 0.0% |
| Distributable reserves | 133 | €10,578 | €10,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,194 | €193,754 | +€129,560 | +202% |
| Amounts payable | 17/49 | €264,431 | €100,106 | -€164,325 | -62.1% |
| Amounts payable within one year | 42/48 | €264,431 | €100,106 | -€164,325 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €27,047 | +€7,047 | +35.2% |
| Trade debts | 44 | €196,666 | €39,649 | -€157,018 | -79.8% |
| Suppliers | 440/4 | €196,666 | €39,649 | -€157,018 | -79.8% |
| Advances received on contracts in progress | 46 | €46,443 | €0 | -€46,443 | -100% |
| Taxes, remuneration and social security | 45 | €1,322 | €33,410 | +€32,088 | +2,427% |
| Taxes | 450/3 | €1,322 | €30,844 | +€29,522 | +2,233% |
| Remuneration and social security | 454/9 | - | €2,566 | +€2,566 | |
| Remuneration, social security and pensions | 62 | €4,514 | €7,993 | +€3,479 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | €9,989 | +€6,236 | +166% |
| Other operating charges | 640/8 | €1,891 | €3,011 | +€1,120 | +59.2% |
| Gross operating margin | 9900 | €98,543 | €197,719 | +€99,176 | +101% |
| Operating profit (loss) | 9901 | €88,384 | €176,726 | +€88,342 | +100.0% |
| Financial income | 75/76B | €3 | €4,066 | +€4,064 | +160,625% |
| Recurring financial income | 75 | €3 | €4,066 | +€4,064 | +160,625% |
| Financial charges | 65/66B | €2,871 | €3,850 | +€980 | +34.1% |
| Recurring financial charges | 65 | €2,871 | €3,850 | +€980 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €85,516 | €176,942 | +€91,426 | +107% |
| Income taxes | 67/77 | €21,322 | €47,381 | +€26,060 | +122% |
| Profit (loss) for the period | 9904 | €64,194 | €129,560 | +€65,366 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €64,194 | €129,560 | +€65,366 | +102% |
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 18 October 2026 via checked.be.