WSQL EXPERIENCE: 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.
WSQL EXPERIENCE
Largest movements
- Receivables within one year -€28,244
down €28,244 (-29.5%), from €95,708 to €67,464
of which Other amounts receivable: -€17,691
- Tangible fixed assets -€26,038
down €26,038 (-13.4%), from €193,909 to €167,871
of which Furniture and vehicles: -€24,380
- Cash +€24,878
up €24,878 (+256.8%), from €9,689 to €34,567
mainly Depreciation (+€42,234) and Receivables within one year (+€28,244)
- Other debts -€56,153
down €56,153 (-95.0%), from €59,088 to €2,935
- Reserves -€20,000
down €20,000 (-17.7%), from €112,860 to €92,860
- Current portion of long-term debt +€18,565
up €18,565 (+33.6%), from €55,275 to €73,840
- Tax, wage and social debts +€17,811
up €17,811 (+179.9%), from €9,900 to €27,711
of which Taxes: +€17,859
- Debts after one year +€14,837
up €14,837 (+3.5%), from €423,549 to €438,386
- Taxes +€31,643
new in 2025: €31,643
- Depreciation +€15,895
up €15,895 (+60.3%), from €26,339 to €42,234
- Gross operating margin +€15,666
up €15,666 (+18.8%), from €83,376 to €99,042
- Other operating charges -€2,884
down €2,884 (-49.4%), from €5,835 to €2,951
- Financial income -€2,240
down €2,240 (-97.5%), from €2,297 to €57
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 | €676,531 | €647,818 | -€28,713 | -4.2% |
| Fixed assets | 21/28 | €571,134 | €544,287 | -€26,847 | -4.7% |
| Intangible fixed assets | 21 | €2,225 | €1,416 | -€809 | -36.4% |
| Tangible fixed assets | 22/27 | €193,909 | €167,871 | -€26,038 | -13.4% |
| Plant, machinery and equipment | 23 | €129,828 | €128,169 | -€1,659 | -1.3% |
| Furniture and vehicles | 24 | €64,081 | €39,701 | -€24,380 | -38.0% |
| Financial fixed assets | 28 | €375,000 | €375,000 | = | 0.0% |
| Current assets | 29/58 | €105,397 | €103,531 | -€1,866 | -1.8% |
| Amounts receivable within one year | 40/41 | €95,708 | €67,464 | -€28,244 | -29.5% |
| Trade receivables | 40 | €39,813 | €29,260 | -€10,553 | -26.5% |
| Other amounts receivable | 41 | €55,895 | €38,204 | -€17,691 | -31.7% |
| Cash at bank and in hand | 54/58 | €9,689 | €34,567 | +€24,878 | +256.8% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €676,531 | €647,818 | -€28,713 | -4.2% |
| Equity | 10/15 | €121,498 | €104,579 | -€16,919 | -13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,860 | €92,860 | -€20,000 | -17.7% |
| Non-distributable reserves | 130/1 | €112,860 | €92,860 | -€20,000 | -17.7% |
| Other | 1319 | €112,860 | €92,860 | -€20,000 | -17.7% |
| Profit (loss) carried forward | 14 | -€3,762 | -€681 | +€3,081 | +81.9% |
| Amounts payable | 17/49 | €555,033 | €543,239 | -€11,794 | -2.1% |
| Amounts payable after more than one year | 17 | €423,549 | €438,386 | +€14,837 | +3.5% |
| Financial debts | 170/4 | €423,549 | €438,386 | +€14,837 | +3.5% |
| Amounts payable within one year | 42/48 | €131,484 | €104,853 | -€26,631 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €55,275 | €73,840 | +€18,565 | +33.6% |
| Trade debts | 44 | €7,221 | €367 | -€6,854 | -94.9% |
| Suppliers | 440/4 | €7,221 | €367 | -€6,854 | -94.9% |
| Taxes, remuneration and social security | 45 | €9,900 | €27,711 | +€17,811 | +179.9% |
| Taxes | 450/3 | €9,852 | €27,711 | +€17,859 | +181.3% |
| Remuneration and social security | 454/9 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €59,088 | €2,935 | -€56,153 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,339 | €42,234 | +€15,895 | +60.3% |
| Other operating charges | 640/8 | €5,835 | €2,951 | -€2,884 | -49.4% |
| Non-recurring operating charges | 66A | €30,000 | - | -€30,000 | |
| Gross operating margin | 9900 | €83,376 | €99,042 | +€15,666 | +18.8% |
| Operating profit (loss) | 9901 | €21,202 | €53,857 | +€32,655 | +154.0% |
| Financial income | 75/76B | €2,297 | €57 | -€2,240 | -97.5% |
| Recurring financial income | 75 | €2,297 | €57 | -€2,240 | -97.5% |
| Financial charges | 65/66B | €18,161 | €19,190 | +€1,029 | +5.7% |
| Recurring financial charges | 65 | €18,161 | €19,190 | +€1,029 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €5,339 | €34,724 | +€29,385 | +550.4% |
| Income taxes | 67/77 | - | €31,643 | +€31,643 | |
| Profit (loss) for the period | 9904 | €5,339 | €3,081 | -€2,258 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,339 | €3,081 | -€2,258 | -42.3% |
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 5 October 2026 via checked.be.