WTM-TECH: 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.
WTM-TECH
Largest movements
- Receivables within one year +€12,116
up €12,116 (+217.3%), from €5,575 to €17,691
of which Trade receivables: +€12,169
- Cash -€3,378
down €3,378 (-25.3%), from €13,356 to €9,978
mainly Receivables within one year (-€12,116) and Investment in fixed assets (net) (-€2,005)
- Tangible fixed assets +€1,512
up €1,512 (+131.9%), from €1,146 to €2,658
of which Furniture and vehicles: +€1,757
- Formation expenses -€727
down €727 (-100.0%), from €727 to €0
- Reserves +€5,854
up €5,854 (+431.2%), from €1,358 to €7,212
- Tax, wage and social debts +€3,316
up €3,316 (+102.2%), from €3,243 to €6,559
- Trade debts +€475
up €475 (+6.3%), from €7,564 to €8,039
- Gross operating margin +€7,237
up €7,237 (+174.6%), from €4,146 to €11,383
- Taxes +€1,700
up €1,700 (+314.2%), from €541 to €2,240
- Financial charges +€1,024
up €1,024 (+160.4%), from €638 to €1,662
- Other operating charges +€329
up €329 (+433.7%), from €76 to €405
- Depreciation -€312
down €312 (-20.4%), from €1,533 to €1,221
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 | €22,161 | €31,711 | +€9,550 | +43.1% |
| Formation expenses | 20 | €727 | €0 | -€727 | -100.0% |
| Fixed assets | 21/28 | €1,146 | €2,658 | +€1,512 | +131.9% |
| Tangible fixed assets | 22/27 | €1,146 | €2,658 | +€1,512 | +131.9% |
| Plant, machinery and equipment | 23 | €1,146 | €901 | -€245 | -21.4% |
| Furniture and vehicles | 24 | - | €1,757 | +€1,757 | |
| Current assets | 29/58 | €20,287 | €29,052 | +€8,765 | +43.2% |
| Amounts receivable within one year | 40/41 | €5,575 | €17,691 | +€12,116 | +217.3% |
| Trade receivables | 40 | €5,522 | €17,691 | +€12,169 | +220.4% |
| Other amounts receivable | 41 | €53 | €0 | -€53 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,356 | €9,978 | -€3,378 | -25.3% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,383 | +€27 | +2.0% |
| Total equity and liabilities | 10/49 | €22,161 | €31,711 | +€9,550 | +43.1% |
| Equity | 10/15 | €1,558 | €7,412 | +€5,854 | +375.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €1,358 | €7,212 | +€5,854 | +431.2% |
| Distributable reserves | 133 | €1,358 | €7,212 | +€5,854 | +431.2% |
| Amounts payable | 17/49 | €20,603 | €24,299 | +€3,696 | +17.9% |
| Amounts payable within one year | 42/48 | €20,103 | €23,924 | +€3,821 | +19.0% |
| Trade debts | 44 | €7,564 | €8,039 | +€475 | +6.3% |
| Suppliers | 440/4 | €7,564 | €8,039 | +€475 | +6.3% |
| Taxes, remuneration and social security | 45 | €3,243 | €6,559 | +€3,316 | +102.2% |
| Taxes | 450/3 | €3,243 | €6,559 | +€3,316 | +102.2% |
| Other amounts payable | 47/48 | €9,295 | €9,325 | +€30 | +0.3% |
| Accrued charges and deferred income | 492/3 | €500 | €375 | -€125 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,533 | €1,221 | -€312 | -20.4% |
| Other operating charges | 640/8 | €76 | €405 | +€329 | +433.7% |
| Gross operating margin | 9900 | €4,146 | €11,383 | +€7,237 | +174.6% |
| Operating profit (loss) | 9901 | €2,537 | €9,757 | +€7,220 | +284.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €638 | €1,662 | +€1,024 | +160.4% |
| Recurring financial charges | 65 | €638 | €1,662 | +€1,024 | +160.4% |
| Profit (loss) for the period before taxes | 9903 | €1,899 | €8,095 | +€6,196 | +326.4% |
| Income taxes | 67/77 | €541 | €2,240 | +€1,700 | +314.2% |
| Profit (loss) for the period | 9904 | €1,358 | €5,854 | +€4,497 | +331.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,358 | €5,854 | +€4,497 | +331.2% |
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.