WTRT: 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.
WTRT
Largest movements
- Stocks and contracts -€9,429
down €9,429 (-100.0%), from €9,429 to €0
- Receivables within one year -€9,255
down €9,255 (-29.6%), from €31,261 to €22,005
of which Trade receivables: -€9,131
- Cash -€4,062
down €4,062 (-11.0%), from €36,848 to €32,787
mainly Net result for the year (-€25,247) and Debts after one year (-€7,500)
- Profit (loss) carried forward -€25,247
down €25,247 (-23.1%), from -€109,060 to -€134,307
- Debts after one year -€7,500
down €7,500 (-5.3%), from €141,500 to €134,000
- Trade debts +€5,354
up €5,354 (+61.5%), from €8,708 to €14,062
- Tax, wage and social debts +€4,161
new in 2025: €4,161
- Other operating charges +€19,877
up €19,877 (+3933.4%), from €505 to €20,383
- Gross operating margin -€14,549
down €14,549 (-61.0%), from €23,856 to €9,307
- Financial charges +€14,087
up €14,087 (+2411.1%), from €584 to €14,671
of which Non-recurring financial charges: +€14,134
- Financial income +€500
up €500, from €0 to €500
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 | €77,547 | €54,792 | -€22,755 | -29.3% |
| Current assets | 29/58 | €77,547 | €54,792 | -€22,755 | -29.3% |
| Stocks and contracts in progress | 3 | €9,429 | €0 | -€9,429 | -100.0% |
| Stocks | 30/36 | €9,429 | €0 | -€9,429 | -100.0% |
| Amounts receivable within one year | 40/41 | €31,261 | €22,005 | -€9,255 | -29.6% |
| Trade receivables | 40 | €31,136 | €22,005 | -€9,131 | -29.3% |
| Other amounts receivable | 41 | €124 | €0 | -€124 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,848 | €32,787 | -€4,062 | -11.0% |
| Deferred charges and accrued income | 490/1 | €9 | €0 | -€9 | -100.0% |
| Total equity and liabilities | 10/49 | €77,547 | €54,792 | -€22,755 | -29.3% |
| Equity | 10/15 | -€90,460 | -€115,707 | -€25,247 | -27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,060 | -€134,307 | -€25,247 | -23.1% |
| Amounts payable | 17/49 | €168,007 | €170,499 | +€2,492 | +1.5% |
| Amounts payable after more than one year | 17 | €141,500 | €134,000 | -€7,500 | -5.3% |
| Financial debts | 170/4 | €141,500 | €134,000 | -€7,500 | -5.3% |
| Amounts payable within one year | 42/48 | €26,505 | €36,497 | +€9,992 | +37.7% |
| Trade debts | 44 | €8,708 | €14,062 | +€5,354 | +61.5% |
| Suppliers | 440/4 | €8,708 | €14,062 | +€5,354 | +61.5% |
| Taxes, remuneration and social security | 45 | - | €4,161 | +€4,161 | |
| Taxes | 450/3 | - | €4,161 | +€4,161 | |
| Other amounts payable | 47/48 | €17,797 | €18,273 | +€476 | +2.7% |
| Accrued charges and deferred income | 492/3 | €3 | €3 | -€0 | -3.0% |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €20,383 | +€19,877 | +3933.4% |
| Gross operating margin | 9900 | €23,856 | €9,307 | -€14,549 | -61.0% |
| Operating profit (loss) | 9901 | €23,350 | -€11,076 | -€34,426 | |
| Financial income | 75/76B | €0 | €500 | +€500 | |
| Recurring financial income | 75 | €0 | €500 | +€500 | |
| Financial charges | 65/66B | €584 | €14,671 | +€14,087 | +2411.1% |
| Recurring financial charges | 65 | €584 | €537 | -€47 | -8.1% |
| Non-recurring financial charges | 66B | - | €14,134 | +€14,134 | |
| Profit (loss) for the period before taxes | 9903 | €22,766 | -€25,247 | -€48,013 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €22,766 | -€25,247 | -€48,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,766 | -€25,247 | -€48,013 |
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 2 October 2026 via checked.be.