WSTN: 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.
WSTN
Largest movements
- Cash -€14,636
down €14,636 (-35.7%), from €41,013 to €26,377
mainly Contributions, distributions and other (-€70,000) and Deferred charges and accrued income (-€13,075)
- Deferred charges and accrued income +€13,075
up €13,075 (+1,173%), from €1,115 to €14,189
- Receivables within one year +€5,733
up €5,733 (+20.3%), from €28,258 to €33,991
of which Trade receivables: +€5,551
- Tangible fixed assets +€1,660
up €1,660 (+25.7%), from €6,454 to €8,114
of which Other tangible fixed assets: +€1,895
- Other debts +€40,853
up €40,853 (+231%), from €17,703 to €58,556
- Profit (loss) carried forward -€34,715
down €34,715 (-83.9%), from €41,362 to €6,647
- Tax, wage and social debts -€2,011
down €2,011 (-15.8%), from €12,745 to €10,734
- Trade debts +€1,849
up €1,849 (+98.8%), from €1,871 to €3,721
- Taxes +€3,480
up €3,480 (+29.9%), from €11,636 to €15,116
- Gross operating margin +€1,166
up €1,166 (+1.9%), from €61,497 to €62,663
- Depreciation -€685
down €685 (-16.2%), from €4,220 to €3,535
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 | €76,839 | €82,671 | +€5,832 | +7.6% |
| Fixed assets | 21/28 | €6,454 | €8,114 | +€1,660 | +25.7% |
| Tangible fixed assets | 22/27 | €6,454 | €8,114 | +€1,660 | +25.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,454 | €6,219 | -€235 | -3.6% |
| Other tangible fixed assets | 26 | - | €1,895 | +€1,895 | |
| Current assets | 29/58 | €70,386 | €74,557 | +€4,172 | +5.9% |
| Amounts receivable within one year | 40/41 | €28,258 | €33,991 | +€5,733 | +20.3% |
| Trade receivables | 40 | €28,258 | €33,809 | +€5,551 | +19.6% |
| Other amounts receivable | 41 | €0 | €182 | +€182 | |
| Cash at bank and in hand | 54/58 | €41,013 | €26,377 | -€14,636 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,115 | €14,189 | +€13,075 | +1,173% |
| Total equity and liabilities | 10/49 | €76,839 | €82,671 | +€5,832 | +7.6% |
| Equity | 10/15 | €44,362 | €9,647 | -€34,715 | -78.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,362 | €6,647 | -€34,715 | -83.9% |
| Amounts payable | 17/49 | €32,477 | €73,024 | +€40,547 | +125% |
| Amounts payable within one year | 42/48 | €32,477 | €73,024 | +€40,547 | +125% |
| Financial debts | 43 | €158 | €14 | -€144 | -91.1% |
| Credit institutions | 430/8 | €158 | €14 | -€144 | -91.1% |
| Trade debts | 44 | €1,871 | €3,721 | +€1,849 | +98.8% |
| Suppliers | 440/4 | €1,871 | €3,721 | +€1,849 | +98.8% |
| Taxes, remuneration and social security | 45 | €12,745 | €10,734 | -€2,011 | -15.8% |
| Taxes | 450/3 | €12,745 | €10,734 | -€2,011 | -15.8% |
| Other amounts payable | 47/48 | €17,703 | €58,556 | +€40,853 | +231% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,220 | €3,535 | -€685 | -16.2% |
| Other operating charges | 640/8 | €569 | €1,147 | +€578 | +101% |
| Non-recurring operating charges | 66A | €79 | €5,407 | +€5,328 | +6,787% |
| Gross operating margin | 9900 | €61,497 | €62,663 | +€1,166 | +1.9% |
| Operating profit (loss) | 9901 | €56,629 | €52,574 | -€4,055 | -7.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €2,286 | €2,173 | -€112 | -4.9% |
| Recurring financial charges | 65 | €2,286 | €2,173 | -€112 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €54,351 | €50,400 | -€3,951 | -7.3% |
| Income taxes | 67/77 | €11,636 | €15,116 | +€3,480 | +29.9% |
| Profit (loss) for the period | 9904 | €42,716 | €35,285 | -€7,431 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,716 | €35,285 | -€7,431 | -17.4% |
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 16 October 2026 via checked.be.