WT MANAGEMENT: 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.
WT MANAGEMENT
Largest movements
- Cash +€682,956
up €682,956 (+8086.0%), from €8,446 to €691,402
mainly Receivables within one year (+€479,412) and Investment in fixed assets (net) (+€244,213)
- Receivables within one year -€479,412
down €479,412 (-89.5%), from €535,805 to €56,393
of which Other amounts receivable: -€470,215
- Financial fixed assets -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets -€19,004
down €19,004 (-2.6%), from €721,997 to €702,992
of which Land and buildings: -€10,714
- Other debts -€63,303
down €63,303 (-10.4%), from €609,910 to €546,607
- Reserves +€27,726
up €27,726 (+5.5%), from €502,800 to €530,526
- Tax, wage and social debts -€17,690
down €17,690 (-98.8%), from €17,900 to €211
- Depreciation -€89,768
down €89,768 (-78.4%), from €114,559 to €24,791
- Gross operating margin -€56,096
down €56,096 (-48.8%), from €114,890 to €58,794
- Financial charges -€30,211
down €30,211 (-83.1%), from €36,377 to €6,166
of which Financial charges: -€36,211
- Financial income +€4,459
up €4,459 (+525.5%), from €849 to €5,308
- Taxes +€2,756
up €2,756 (+1561.1%), from €177 to €2,932
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 | €1,536,084 | €1,484,730 | -€51,354 | -3.3% |
| Fixed assets | 21/28 | €971,997 | €702,992 | -€269,004 | -27.7% |
| Tangible fixed assets | 22/27 | €721,997 | €702,992 | -€19,004 | -2.6% |
| Land and buildings | 22 | €693,537 | €682,823 | -€10,714 | -1.5% |
| Furniture and vehicles | 24 | €26,222 | €18,331 | -€7,890 | -30.1% |
| Other tangible fixed assets | 26 | €2,238 | €1,838 | -€400 | -17.9% |
| Financial fixed assets | 28 | €250,000 | - | -€250,000 | |
| Current assets | 29/58 | €564,087 | €781,737 | +€217,650 | +38.6% |
| Stocks and contracts in progress | 3 | €19,163 | €33,094 | +€13,931 | +72.7% |
| Stocks | 30/36 | €19,163 | €33,094 | +€13,931 | +72.7% |
| Amounts receivable within one year | 40/41 | €535,805 | €56,393 | -€479,412 | -89.5% |
| Trade receivables | 40 | €49,926 | €40,729 | -€9,197 | -18.4% |
| Other amounts receivable | 41 | €485,879 | €15,664 | -€470,215 | -96.8% |
| Cash at bank and in hand | 54/58 | €8,446 | €691,402 | +€682,956 | +8086.0% |
| Deferred charges and accrued income | 490/1 | €672 | €848 | +€176 | +26.2% |
| Total equity and liabilities | 10/49 | €1,536,084 | €1,484,730 | -€51,354 | -3.3% |
| Equity | 10/15 | €905,493 | €933,218 | +€27,726 | +3.1% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €502,800 | €530,526 | +€27,726 | +5.5% |
| Distributable reserves | 133 | €502,800 | €530,526 | +€27,726 | +5.5% |
| Profit (loss) carried forward | 14 | €374,693 | €374,693 | = | 0.0% |
| Amounts payable | 17/49 | €630,591 | €551,511 | -€79,080 | -12.5% |
| Amounts payable within one year | 42/48 | €628,951 | €551,511 | -€77,439 | -12.3% |
| Trade debts | 44 | €1,140 | €4,693 | +€3,553 | +311.6% |
| Suppliers | 440/4 | €1,140 | €4,693 | +€3,553 | +311.6% |
| Taxes, remuneration and social security | 45 | €17,900 | €211 | -€17,690 | -98.8% |
| Taxes | 450/3 | €17,900 | €211 | -€17,690 | -98.8% |
| Other amounts payable | 47/48 | €609,910 | €546,607 | -€63,303 | -10.4% |
| Accrued charges and deferred income | 492/3 | €1,640 | - | -€1,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,559 | €24,791 | -€89,768 | -78.4% |
| Other operating charges | 640/8 | €997 | €1,628 | +€632 | +63.4% |
| Non-recurring operating charges | 66A | €6,000 | - | -€6,000 | |
| Gross operating margin | 9900 | €114,890 | €58,794 | -€56,096 | -48.8% |
| Operating profit (loss) | 9901 | -€6,666 | €32,375 | +€39,040 | |
| Financial income | 75/76B | €849 | €5,308 | +€4,459 | +525.5% |
| Recurring financial income | 75 | €849 | €5,308 | +€4,459 | +525.5% |
| Financial charges | 65/66B | €36,377 | €6,166 | -€30,211 | -83.1% |
| Recurring financial charges | 65 | €36,377 | €166 | -€36,211 | -99.5% |
| Non-recurring financial charges | 66B | - | €6,000 | +€6,000 | |
| Profit (loss) for the period before taxes | 9903 | -€42,194 | €31,517 | +€73,711 | |
| Income taxes | 67/77 | €177 | €2,932 | +€2,756 | +1561.1% |
| Profit (loss) for the period | 9904 | -€42,371 | €28,585 | +€70,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,371 | €28,585 | +€70,955 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.