Wtec: 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.
Wtec
Largest movements
- Receivables within one year +€13,705
up €13,705 (+21.4%), from €64,139 to €77,845
of which Trade receivables: +€7,258
- Cash +€4,760
up €4,760 (+136.9%), from €3,477 to €8,237
mainly Net result for the year (+€21,816) and Tax, wage and social debts (+€3,252)
- Reserves +€21,344
up €21,344 (+52.1%), from €40,994 to €62,338
of which Distributable reserves: +€21,344
- Trade debts -€7,574
down €7,574 (-53.9%), from €14,059 to €6,485
- Tax, wage and social debts +€3,252
up €3,252 (+27.9%), from €11,667 to €14,918
of which Taxes: +€3,252
- Gross operating margin +€33,269
up €33,269 (+573.7%), from €5,799 to €39,069
- Taxes +€8,602
up €8,602 (+542.4%), from €1,586 to €10,187
- Write-downs +€4,466
new in 2025: €4,466
- Other operating charges -€2,525
down €2,525 (-55.8%), from €4,524 to €1,999
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 | €84,970 | €101,991 | +€17,021 | +20.0% |
| Fixed assets | 21/28 | €463 | - | -€463 | |
| Tangible fixed assets | 22/27 | €463 | - | -€463 | |
| Plant, machinery and equipment | 23 | €463 | - | -€463 | |
| Current assets | 29/58 | €84,507 | €101,991 | +€17,484 | +20.7% |
| Stocks and contracts in progress | 3 | €16,891 | €15,910 | -€981 | -5.8% |
| Stocks | 30/36 | €16,891 | €15,910 | -€981 | -5.8% |
| Amounts receivable within one year | 40/41 | €64,139 | €77,845 | +€13,705 | +21.4% |
| Trade receivables | 40 | €64,139 | €71,398 | +€7,258 | +11.3% |
| Other amounts receivable | 41 | - | €6,447 | +€6,447 | |
| Cash at bank and in hand | 54/58 | €3,477 | €8,237 | +€4,760 | +136.9% |
| Total equity and liabilities | 10/49 | €84,970 | €101,991 | +€17,021 | +20.0% |
| Equity | 10/15 | €59,214 | €80,558 | +€21,344 | +36.0% |
| Contributions | 10/11 | €18,220 | €18,220 | = | 0.0% |
| Reserves | 13 | €40,994 | €62,338 | +€21,344 | +52.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €39,139 | €60,483 | +€21,344 | +54.5% |
| Amounts payable | 17/49 | €25,756 | €21,434 | -€4,322 | -16.8% |
| Amounts payable within one year | 42/48 | €25,756 | €21,434 | -€4,322 | -16.8% |
| Trade debts | 44 | €14,059 | €6,485 | -€7,574 | -53.9% |
| Suppliers | 440/4 | €14,059 | €6,485 | -€7,574 | -53.9% |
| Taxes, remuneration and social security | 45 | €11,667 | €14,918 | +€3,252 | +27.9% |
| Taxes | 450/3 | €10,001 | €13,253 | +€3,252 | +32.5% |
| Remuneration and social security | 454/9 | €1,666 | €1,666 | = | 0.0% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €463 | +€1 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,466 | +€4,466 | |
| Other operating charges | 640/8 | €4,524 | €1,999 | -€2,525 | -55.8% |
| Gross operating margin | 9900 | €5,799 | €39,069 | +€33,269 | +573.7% |
| Operating profit (loss) | 9901 | €813 | €32,141 | +€31,328 | +3854.0% |
| Financial income | 75/76B | €594 | €535 | -€59 | -9.9% |
| Recurring financial income | 75 | €594 | €535 | -€59 | -9.9% |
| Financial charges | 65/66B | €457 | €673 | +€215 | +47.1% |
| Recurring financial charges | 65 | €457 | €673 | +€215 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €949 | €32,003 | +€31,054 | +3270.9% |
| Income taxes | 67/77 | €1,586 | €10,187 | +€8,602 | +542.4% |
| Profit (loss) for the period | 9904 | -€637 | €21,816 | +€22,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€637 | €21,816 | +€22,452 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.