WTN: 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.
WTN
Largest movements
- Tangible fixed assets -€50,813
down €50,813 (-3.5%), from €1.5m to €1.4m
of which Land and buildings: -€46,187
- Other debts +€131,788
up €131,788 (+54.4%), from €242,469 to €374,258
- Debts after one year -€90,000
down €90,000 (-28.6%), from €315,000 to €225,000
- Profit (loss) carried forward -€84,686
down €84,686 (-1.9%), from -€4.5m to -€4.6m
- Trade debts -€21,904
down €21,904 (-71.2%), from €30,777 to €8,873
- Gross operating margin +€128,292
up €128,292, from -€103,781 to €24,511
- Depreciation -€19,642
down €19,642 (-27.9%), from €70,456 to €50,813
- Taxes +€19,139
up €19,139 (+2392.4%), from €800 to €19,939
- Write-downs -€17,000
no longer reported in 2024 (was €17,000)
- Other operating charges +€14,669
up €14,669 (+208.8%), from €7,027 to €21,696
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,505,935 | €1,440,602 | -€65,333 | -4.3% |
| Fixed assets | 21/28 | €1,455,309 | €1,404,495 | -€50,813 | -3.5% |
| Tangible fixed assets | 22/27 | €1,455,309 | €1,404,495 | -€50,813 | -3.5% |
| Land and buildings | 22 | €1,253,873 | €1,207,686 | -€46,187 | -3.7% |
| Plant, machinery and equipment | 23 | €4,272 | €2,772 | -€1,500 | -35.1% |
| Furniture and vehicles | 24 | €14,415 | €11,289 | -€3,126 | -21.7% |
| Other tangible fixed assets | 26 | €182,748 | €182,748 | = | 0.0% |
| Current assets | 29/58 | €50,626 | €36,107 | -€14,519 | -28.7% |
| Amounts receivable within one year | 40/41 | €35,743 | €22,905 | -€12,838 | -35.9% |
| Trade receivables | 40 | €24,200 | €6,834 | -€17,366 | -71.8% |
| Other amounts receivable | 41 | €11,543 | €16,070 | +€4,528 | +39.2% |
| Cash at bank and in hand | 54/58 | €7,514 | €5,130 | -€2,384 | -31.7% |
| Deferred charges and accrued income | 490/1 | €7,370 | €8,073 | +€703 | +9.5% |
| Total equity and liabilities | 10/49 | €1,505,935 | €1,440,602 | -€65,333 | -4.3% |
| Equity | 10/15 | €826,349 | €741,663 | -€84,686 | -10.2% |
| Contributions | 10/11 | €5,324,000 | €5,324,000 | = | 0.0% |
| Capital | 10 | €5,324,000 | €5,324,000 | = | 0.0% |
| Issued capital | 100 | €5,324,000 | €5,324,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,499,510 | -€4,584,197 | -€84,686 | -1.9% |
| Amounts payable | 17/49 | €679,586 | €698,940 | +€19,354 | +2.8% |
| Amounts payable after more than one year | 17 | €315,000 | €225,000 | -€90,000 | -28.6% |
| Financial debts | 170/4 | €315,000 | €225,000 | -€90,000 | -28.6% |
| Amounts payable within one year | 42/48 | €364,586 | €473,940 | +€109,354 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €90,000 | = | 0.0% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €30,777 | €8,873 | -€21,904 | -71.2% |
| Suppliers | 440/4 | €30,777 | €8,873 | -€21,904 | -71.2% |
| Taxes, remuneration and social security | 45 | €1,340 | €800 | -€540 | -40.3% |
| Taxes | 450/3 | €1,340 | €800 | -€540 | -40.3% |
| Other amounts payable | 47/48 | €242,469 | €374,258 | +€131,788 | +54.4% |
| Non-recurring operating income | 76A | - | €45,729 | +€45,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,456 | €50,813 | -€19,642 | -27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,000 | - | -€17,000 | |
| Other operating charges | 640/8 | €7,027 | €21,696 | +€14,669 | +208.8% |
| Gross operating margin | 9900 | -€103,781 | €24,511 | +€128,292 | |
| Operating profit (loss) | 9901 | -€198,264 | -€47,998 | +€150,265 | +75.8% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €31,073 | €16,778 | -€14,295 | -46.0% |
| Recurring financial charges | 65 | €31,073 | €16,778 | -€14,295 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€229,337 | -€64,747 | +€164,590 | +71.8% |
| Income taxes | 67/77 | €800 | €19,939 | +€19,139 | +2392.4% |
| Profit (loss) for the period | 9904 | -€230,137 | -€84,686 | +€145,451 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€230,137 | -€84,686 | +€145,451 | +63.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.