WT SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year +€70,071
up €70,071 (+16.9%), from €414,129 to €484,200
of which Trade receivables: +€195,646
- Tangible fixed assets -€41,524
down €41,524 (-64.2%), from €64,714 to €23,190
of which Other tangible fixed assets: -€35,534
- Stocks and contracts -€10,464
down €10,464 (-15.3%), from €68,511 to €58,047
- Trade debts +€158,312
up €158,312 (+105%), from €150,632 to €308,944
- Profit (loss) carried forward -€140,651
down €140,651 (-35.0%), from -€402,367 to -€543,018
- Accrued charges and deferred income +€16,772
new in 2025: €16,772
- Tax, wage and social debts -€16,249
down €16,249 (-58.3%), from €27,851 to €11,601
of which Remuneration and social security: -€12,954
- Gross operating margin +€121,577
up €121,577, from -€57,448 to €64,129
- Depreciation +€25,449
up €25,449 (+140%), from €18,155 to €43,604
- Financial income -€9,917
down €9,917 (-63.7%), from €15,577 to €5,660
- Staff costs -€8,822
down €8,822 (-5.4%), from €163,187 to €154,365
- Financial charges -€5,712
down €5,712 (-32.8%), from €17,440 to €11,728
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 | €553,553 | €571,737 | +€18,185 | +3.3% |
| Fixed assets | 21/28 | €70,046 | €28,123 | -€41,923 | -59.9% |
| Intangible fixed assets | 21 | €432 | €33 | -€399 | -92.3% |
| Tangible fixed assets | 22/27 | €64,714 | €23,190 | -€41,524 | -64.2% |
| Plant, machinery and equipment | 23 | €704 | €689 | -€15 | -2.1% |
| Furniture and vehicles | 24 | €24,659 | €18,684 | -€5,975 | -24.2% |
| Other tangible fixed assets | 26 | €39,351 | €3,817 | -€35,534 | -90.3% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €483,507 | €543,614 | +€60,107 | +12.4% |
| Stocks and contracts in progress | 3 | €68,511 | €58,047 | -€10,464 | -15.3% |
| Stocks | 30/36 | €68,511 | €58,047 | -€10,464 | -15.3% |
| Amounts receivable within one year | 40/41 | €414,129 | €484,200 | +€70,071 | +16.9% |
| Trade receivables | 40 | €103,586 | €299,232 | +€195,646 | +189% |
| Other amounts receivable | 41 | €310,543 | €184,968 | -€125,575 | -40.4% |
| Cash at bank and in hand | 54/58 | €292 | €330 | +€38 | +13.1% |
| Deferred charges and accrued income | 490/1 | €574 | €1,037 | +€463 | +80.5% |
| Total equity and liabilities | 10/49 | €553,553 | €571,737 | +€18,185 | +3.3% |
| Equity | 10/15 | €375,070 | €234,420 | -€140,651 | -37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €771,238 | €771,238 | = | 0.0% |
| Distributable reserves | 133 | €771,238 | €771,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€402,367 | -€543,018 | -€140,651 | -35.0% |
| Amounts payable | 17/49 | €178,482 | €337,318 | +€158,835 | +89.0% |
| Amounts payable within one year | 42/48 | €178,482 | €320,545 | +€142,063 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €150,632 | €308,944 | +€158,312 | +105% |
| Suppliers | 440/4 | €150,632 | €308,944 | +€158,312 | +105% |
| Taxes, remuneration and social security | 45 | €27,851 | €11,601 | -€16,249 | -58.3% |
| Taxes | 450/3 | €5,418 | €2,122 | -€3,295 | -60.8% |
| Remuneration and social security | 454/9 | €22,433 | €9,479 | -€12,954 | -57.7% |
| Accrued charges and deferred income | 492/3 | - | €16,772 | +€16,772 | |
| Non-recurring operating income | 76A | €4,977 | €19,597 | +€14,620 | +294% |
| Remuneration, social security and pensions | 62 | €163,187 | €154,365 | -€8,822 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,155 | €43,604 | +€25,449 | +140% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,073 | €419 | -€2,654 | -86.4% |
| Non-recurring operating charges | 66A | €2,274 | €0 | -€2,274 | -100% |
| Gross operating margin | 9900 | -€57,448 | €64,129 | +€121,577 | |
| Operating profit (loss) | 9901 | -€244,138 | -€134,259 | +€109,879 | +45.0% |
| Financial income | 75/76B | €15,577 | €5,660 | -€9,917 | -63.7% |
| Recurring financial income | 75 | €15,577 | €5,660 | -€9,917 | -63.7% |
| Financial charges | 65/66B | €17,440 | €11,728 | -€5,712 | -32.8% |
| Recurring financial charges | 65 | €17,440 | €11,728 | -€5,712 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€246,001 | -€140,327 | +€105,674 | +43.0% |
| Income taxes | 67/77 | €340 | €324 | -€17 | -4.9% |
| Profit (loss) for the period | 9904 | -€246,342 | -€140,651 | +€105,691 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€246,342 | -€140,651 | +€105,691 | +42.9% |
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 19 October 2026 via checked.be.