WT-INVEST: 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.
WT-INVEST
Largest movements
- Tangible fixed assets +€723,855
new in 2025: €723,855
- Receivables within one year -€58,998
down €58,998 (-81.7%), from €72,190 to €13,192
- Cash +€30,160
up €30,160 (+11,465%), from €263 to €30,423
mainly Debts after one year (+€641,064) and Depreciation (+€104,680)
- Deferred charges and accrued income +€16,000
new in 2025: €16,000
- Debts after one year +€641,064
new in 2025: €641,064
- Current portion of long-term debt +€39,106
new in 2025: €39,106
- Other debts +€26,144
up €26,144 (+36.6%), from €71,500 to €97,644
- Profit (loss) carried forward -€25,532
down €25,532 (-624%), from -€4,094 to -€29,627
- Trade debts +€22,531
up €22,531 (+2,151%), from €1,047 to €23,579
- Depreciation +€104,680
new in 2025: €104,680
- Gross operating margin +€104,047
up €104,047, from -€3,198 to €100,849
- Financial charges +€19,545
up €19,545 (+3,840%), from €509 to €20,054
- Other operating charges +€1,737
up €1,737 (+448%), from €387 to €2,124
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 | €72,453 | €783,470 | +€711,017 | +981% |
| Fixed assets | 21/28 | - | €723,855 | +€723,855 | |
| Tangible fixed assets | 22/27 | - | €723,855 | +€723,855 | |
| Land and buildings | 22 | - | €723,855 | +€723,855 | |
| Current assets | 29/58 | €72,453 | €59,615 | -€12,838 | -17.7% |
| Amounts receivable within one year | 40/41 | €72,190 | €13,192 | -€58,998 | -81.7% |
| Trade receivables | 40 | €72,190 | €13,192 | -€58,998 | -81.7% |
| Cash at bank and in hand | 54/58 | €263 | €30,423 | +€30,160 | +11,465% |
| Deferred charges and accrued income | 490/1 | - | €16,000 | +€16,000 | |
| Total equity and liabilities | 10/49 | €72,453 | €783,470 | +€711,017 | +981% |
| Equity | 10/15 | -€94 | -€25,627 | -€25,532 | -27,079% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,094 | -€29,627 | -€25,532 | -624% |
| Amounts payable | 17/49 | €72,547 | €809,097 | +€736,549 | +1,015% |
| Amounts payable after more than one year | 17 | - | €641,064 | +€641,064 | |
| Financial debts | 170/4 | - | €641,064 | +€641,064 | |
| Amounts payable within one year | 42/48 | €72,547 | €168,033 | +€95,486 | +132% |
| Current portion of amounts payable after more than one year | 42 | - | €39,106 | +€39,106 | |
| Trade debts | 44 | €1,047 | €23,579 | +€22,531 | +2,151% |
| Suppliers | 440/4 | €1,047 | €23,579 | +€22,531 | +2,151% |
| Taxes, remuneration and social security | 45 | - | €7,704 | +€7,704 | |
| Taxes | 450/3 | - | €7,704 | +€7,704 | |
| Other amounts payable | 47/48 | €71,500 | €97,644 | +€26,144 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €104,680 | +€104,680 | |
| Other operating charges | 640/8 | €387 | €2,124 | +€1,737 | +448% |
| Gross operating margin | 9900 | -€3,198 | €100,849 | +€104,047 | |
| Operating profit (loss) | 9901 | -€3,585 | -€5,955 | -€2,370 | -66.1% |
| Financial income | 75/76B | - | €555 | +€555 | |
| Recurring financial income | 75 | - | €555 | +€555 | |
| Financial charges | 65/66B | €509 | €20,054 | +€19,545 | +3,840% |
| Recurring financial charges | 65 | €509 | €20,054 | +€19,545 | +3,840% |
| Profit (loss) for the period before taxes | 9903 | -€4,094 | -€25,454 | -€21,360 | -522% |
| Income taxes | 67/77 | - | €78 | +€78 | |
| Profit (loss) for the period | 9904 | -€4,094 | -€25,532 | -€21,438 | -524% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,094 | -€25,532 | -€21,438 | -524% |
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 20 October 2026 via checked.be.