WST Service: 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.
WST Service
Largest movements
- Cash +€31,767
up €31,767 (+83.0%), from €38,293 to €70,059
mainly Net result for the year (+€34,683) and Tax, wage and social debts (+€22,987)
- Receivables within one year +€16,778
up €16,778 (+137%), from €12,215 to €28,994
of which Trade receivables: +€16,820
- Tangible fixed assets +€4,899
up €4,899 (+18.7%), from €26,261 to €31,161
of which Plant, machinery and equipment: +€7,290
- Deferred charges and accrued income +€2,967
up €2,967 (+146%), from €2,033 to €5,000
- Reserves +€34,683
up €34,683 (+136%), from €25,449 to €60,132
- Tax, wage and social debts +€22,987
up €22,987 (+113%), from €20,411 to €43,398
of which Taxes: +€27,164
- Trade debts +€4,035
up €4,035 (+36.3%), from €11,113 to €15,149
- Debts after one year -€3,562
down €3,562 (-27.8%), from €12,829 to €9,267
- Short-term financial debts -€2,171
down €2,171 (-86.9%), from €2,498 to €327
- Gross operating margin +€36,197
up €36,197 (+86.6%), from €41,786 to €77,983
- Staff costs +€16,953
up €16,953 (+1,204%), from €1,408 to €18,360
- Depreciation +€5,095
up €5,095 (+167%), from €3,055 to €8,150
- Taxes +€4,613
up €4,613 (+43.8%), from €10,523 to €15,136
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 | €78,802 | €135,213 | +€56,411 | +71.6% |
| Fixed assets | 21/28 | €26,261 | €31,161 | +€4,899 | +18.7% |
| Tangible fixed assets | 22/27 | €26,261 | €31,161 | +€4,899 | +18.7% |
| Plant, machinery and equipment | 23 | €4,383 | €11,673 | +€7,290 | +166% |
| Furniture and vehicles | 24 | €21,878 | €19,488 | -€2,390 | -10.9% |
| Current assets | 29/58 | €52,541 | €104,053 | +€51,512 | +98.0% |
| Amounts receivable within one year | 40/41 | €12,215 | €28,994 | +€16,778 | +137% |
| Trade receivables | 40 | €12,174 | €28,994 | +€16,820 | +138% |
| Other amounts receivable | 41 | €41 | - | -€41 | |
| Cash at bank and in hand | 54/58 | €38,293 | €70,059 | +€31,767 | +83.0% |
| Deferred charges and accrued income | 490/1 | €2,033 | €5,000 | +€2,967 | +146% |
| Total equity and liabilities | 10/49 | €78,802 | €135,213 | +€56,411 | +71.6% |
| Equity | 10/15 | €26,449 | €61,132 | +€34,683 | +131% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,449 | €60,132 | +€34,683 | +136% |
| Distributable reserves | 133 | €25,449 | €60,132 | +€34,683 | +136% |
| Amounts payable | 17/49 | €52,353 | €74,081 | +€21,728 | +41.5% |
| Amounts payable after more than one year | 17 | €12,829 | €9,267 | -€3,562 | -27.8% |
| Financial debts | 170/4 | €12,829 | €9,267 | -€3,562 | -27.8% |
| Amounts payable within one year | 42/48 | €39,525 | €64,814 | +€25,290 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €3,412 | €3,562 | +€150 | +4.4% |
| Financial debts | 43 | €2,498 | €327 | -€2,171 | -86.9% |
| Credit institutions | 430/8 | €2,498 | €327 | -€2,171 | -86.9% |
| Trade debts | 44 | €11,113 | €15,149 | +€4,035 | +36.3% |
| Suppliers | 440/4 | €11,113 | €15,149 | +€4,035 | +36.3% |
| Taxes, remuneration and social security | 45 | €20,411 | €43,398 | +€22,987 | +113% |
| Taxes | 450/3 | €16,234 | €43,398 | +€27,164 | +167% |
| Remuneration and social security | 454/9 | €4,177 | - | -€4,177 | |
| Other amounts payable | 47/48 | €2,090 | €2,378 | +€289 | +13.8% |
| Remuneration, social security and pensions | 62 | €1,408 | €18,360 | +€16,953 | +1,204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,055 | €8,150 | +€5,095 | +167% |
| Other operating charges | 640/8 | €558 | €1,022 | +€464 | +83.1% |
| Gross operating margin | 9900 | €41,786 | €77,983 | +€36,197 | +86.6% |
| Operating profit (loss) | 9901 | €36,765 | €50,451 | +€13,686 | +37.2% |
| Financial income | 75/76B | €45 | €122 | +€77 | +170% |
| Recurring financial income | 75 | €45 | €122 | +€77 | +170% |
| Financial charges | 65/66B | €838 | €752 | -€85 | -10.2% |
| Recurring financial charges | 65 | €838 | €752 | -€85 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €35,972 | €49,820 | +€13,847 | +38.5% |
| Income taxes | 67/77 | €10,523 | €15,136 | +€4,613 | +43.8% |
| Profit (loss) for the period | 9904 | €25,449 | €34,683 | +€9,234 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,449 | €34,683 | +€9,234 | +36.3% |
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 30 October 2026 via checked.be.