WTL CONNECT: 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.
WTL CONNECT
Largest movements
- Cash -€110,552
down €110,552 (-61.8%), from €178,906 to €68,354
mainly Current investments (-€95,270) and Other debts (-€48,556)
- Current investments +€95,270
up €95,270 (+70.1%), from €135,994 to €231,264
- Tangible fixed assets +€35,213
up €35,213 (+711%), from €4,953 to €40,167
of which Furniture and vehicles: +€34,644
- Receivables within one year +€4,343
up €4,343 (+28.2%), from €15,386 to €19,729
of which Trade receivables: +€6,528
- Reserves +€71,900
up €71,900 (+34.4%), from €208,864 to €280,763
of which Distributable reserves: +€71,900
- Other debts -€48,556
down €48,556 (-66.0%), from €73,523 to €24,967
- Financial income -€79,555
down €79,555 (-90.1%), from €88,268 to €8,713
- Gross operating margin +€71,950
up €71,950 (+120%), from €59,890 to €131,840
- Taxes +€17,310
up €17,310 (+57.2%), from €30,281 to €47,591
- Financial charges -€4,927
down €4,927, from €1,971 to -€2,956
- Depreciation +€1,596
up €1,596 (+283%), from €565 to €2,161
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 | €335,240 | €360,438 | +€25,198 | +7.5% |
| Fixed assets | 21/28 | €4,953 | €40,167 | +€35,213 | +711% |
| Tangible fixed assets | 22/27 | €4,953 | €40,167 | +€35,213 | +711% |
| Plant, machinery and equipment | 23 | €3,153 | €2,410 | -€744 | -23.6% |
| Furniture and vehicles | 24 | - | €34,644 | +€34,644 | |
| Other tangible fixed assets | 26 | €1,800 | €3,113 | +€1,313 | +72.9% |
| Current assets | 29/58 | €330,286 | €320,271 | -€10,015 | -3.0% |
| Amounts receivable within one year | 40/41 | €15,386 | €19,729 | +€4,343 | +28.2% |
| Trade receivables | 40 | €13,201 | €19,729 | +€6,528 | +49.5% |
| Other amounts receivable | 41 | €2,185 | - | -€2,185 | |
| Current investments | 50/53 | €135,994 | €231,264 | +€95,270 | +70.1% |
| Cash at bank and in hand | 54/58 | €178,906 | €68,354 | -€110,552 | -61.8% |
| Deferred charges and accrued income | 490/1 | - | €924 | +€924 | |
| Total equity and liabilities | 10/49 | €335,240 | €360,438 | +€25,198 | +7.5% |
| Equity | 10/15 | €227,806 | €299,705 | +€71,900 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,864 | €280,763 | +€71,900 | +34.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €207,004 | €278,903 | +€71,900 | +34.7% |
| Profit (loss) carried forward | 14 | €342 | €342 | = | 0.0% |
| Amounts payable | 17/49 | €107,434 | €60,733 | -€46,701 | -43.5% |
| Amounts payable within one year | 42/48 | €107,434 | €60,733 | -€46,701 | -43.5% |
| Trade debts | 44 | €809 | €1,540 | +€731 | +90.3% |
| Suppliers | 440/4 | €809 | €1,540 | +€731 | +90.3% |
| Taxes, remuneration and social security | 45 | €33,102 | €34,227 | +€1,124 | +3.4% |
| Taxes | 450/3 | €33,102 | €34,227 | +€1,124 | +3.4% |
| Other amounts payable | 47/48 | €73,523 | €24,967 | -€48,556 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €2,161 | +€1,596 | +283% |
| Other operating charges | 640/8 | €803 | €805 | +€2 | +0.3% |
| Gross operating margin | 9900 | €59,890 | €131,840 | +€71,950 | +120% |
| Operating profit (loss) | 9901 | €58,522 | €128,874 | +€70,352 | +120% |
| Financial income | 75/76B | €88,268 | €8,713 | -€79,555 | -90.1% |
| Recurring financial income | 75 | €88,268 | €8,713 | -€79,555 | -90.1% |
| Financial charges | 65/66B | €1,971 | -€2,956 | -€4,927 | |
| Recurring financial charges | 65 | €1,971 | -€2,956 | -€4,927 | |
| Profit (loss) for the period before taxes | 9903 | €144,819 | €140,543 | -€4,276 | -3.0% |
| Income taxes | 67/77 | €30,281 | €47,591 | +€17,310 | +57.2% |
| Profit (loss) for the period | 9904 | €114,538 | €92,952 | -€21,586 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,538 | €92,952 | -€21,586 | -18.8% |
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 23 October 2026 via checked.be.