WSW: 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.
WSW
Largest movements
- Receivables within one year +€18,105
up €18,105 (+66.4%), from €27,252 to €45,357
of which Other amounts receivable: +€11,405
- Receivables after one year -€8,922
down €8,922 (-19.8%), from €45,154 to €36,232
- Deferred charges and accrued income -€3,453
down €3,453 (-65.0%), from €5,314 to €1,861
- Tangible fixed assets -€1,756
down €1,756 (-14.2%), from €12,367 to €10,611
of which Plant, machinery and equipment: -€1,430
- Other debts +€30,400
new in 2025: €30,400
- Reserves -€30,000
down €30,000 (-30.8%), from €97,402 to €67,402
of which Distributable reserves: -€30,000
- Tax, wage and social debts +€4,148
up €4,148 (+116%), from €3,587 to €7,735
- Gross operating margin +€5,442
up €5,442 (+788%), from €691 to €6,133
- Financial charges -€1,106
down €1,106 (-56.7%), from €1,949 to €843
- Depreciation +€603
up €603 (+22.7%), from €2,657 to €3,260
- Taxes +€598
up €598 (+464%), from €129 to €727
- Financial income +€309
up €309 (+20.7%), from €1,493 to €1,802
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 | €102,813 | €107,290 | +€4,477 | +4.4% |
| Fixed assets | 21/28 | €12,367 | €10,611 | -€1,756 | -14.2% |
| Tangible fixed assets | 22/27 | €12,367 | €10,611 | -€1,756 | -14.2% |
| Plant, machinery and equipment | 23 | €7,228 | €5,798 | -€1,430 | -19.8% |
| Furniture and vehicles | 24 | €5,139 | €4,813 | -€326 | -6.3% |
| Current assets | 29/58 | €90,446 | €96,679 | +€6,233 | +6.9% |
| Amounts receivable after more than one year | 29 | €45,154 | €36,232 | -€8,922 | -19.8% |
| Other amounts receivable | 291 | €45,154 | €36,232 | -€8,922 | -19.8% |
| Amounts receivable within one year | 40/41 | €27,252 | €45,357 | +€18,105 | +66.4% |
| Trade receivables | 40 | - | €6,700 | +€6,700 | |
| Other amounts receivable | 41 | €27,252 | €38,657 | +€11,405 | +41.9% |
| Cash at bank and in hand | 54/58 | €12,726 | €13,229 | +€503 | +4.0% |
| Deferred charges and accrued income | 490/1 | €5,314 | €1,861 | -€3,453 | -65.0% |
| Total equity and liabilities | 10/49 | €102,813 | €107,290 | +€4,477 | +4.4% |
| Equity | 10/15 | €96,759 | €66,799 | -€29,960 | -31.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €97,402 | €67,402 | -€30,000 | -30.8% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €97,302 | €67,302 | -€30,000 | -30.8% |
| Profit (loss) carried forward | 14 | -€1,643 | -€1,603 | +€40 | +2.4% |
| Amounts payable | 17/49 | €6,054 | €40,491 | +€34,437 | +569% |
| Amounts payable within one year | 42/48 | €6,054 | €40,491 | +€34,437 | +569% |
| Trade debts | 44 | €2,467 | €2,356 | -€111 | -4.5% |
| Suppliers | 440/4 | €2,467 | €2,356 | -€111 | -4.5% |
| Taxes, remuneration and social security | 45 | €3,587 | €7,735 | +€4,148 | +116% |
| Taxes | 450/3 | €3,587 | €7,735 | +€4,148 | +116% |
| Other amounts payable | 47/48 | - | €30,400 | +€30,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,657 | €3,260 | +€603 | +22.7% |
| Other operating charges | 640/8 | €1,269 | €1,065 | -€204 | -16.1% |
| Gross operating margin | 9900 | €691 | €6,133 | +€5,442 | +788% |
| Operating profit (loss) | 9901 | -€3,235 | €1,808 | +€5,043 | |
| Financial income | 75/76B | €1,493 | €1,802 | +€309 | +20.7% |
| Recurring financial income | 75 | €1,493 | €1,802 | +€309 | +20.7% |
| Financial charges | 65/66B | €1,949 | €843 | -€1,106 | -56.7% |
| Recurring financial charges | 65 | €1,949 | €843 | -€1,106 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,691 | €2,767 | +€6,458 | |
| Income taxes | 67/77 | €129 | €727 | +€598 | +464% |
| Profit (loss) for the period | 9904 | -€3,820 | €2,040 | +€5,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,820 | €2,040 | +€5,860 |
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 14 October 2026 via checked.be.