WTRTLT: 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.
WTRTLT
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+2.7%), from €1.8m to €1.9m
- Deferred charges and accrued income -€23,888
no longer reported in 2025 (was €23,888)
- Debts after one year -€325,350
down €325,350 (-21.8%), from €1.5m to €1.2m
- Reserves +€272,585
up €272,585 (+360%), from €75,689 to €348,274
- Other debts +€52,427
up €52,427 (+182%), from €28,742 to €81,169
- Trade debts +€19,643
up €19,643 (+148%), from €13,275 to €32,918
- Financial income +€250,000
up €250,000 (+833,333,233%), from €0 to €250,000
- Gross operating margin -€78,143
down €78,143 (-42.7%), from €183,095 to €104,952
- Taxes -€13,054
down €13,054 (-68.5%), from €19,060 to €6,006
- Financial charges -€12,613
down €12,613 (-14.4%), from €87,575 to €74,962
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 | €1,872,504 | €1,892,305 | +€19,801 | +1.1% |
| Fixed assets | 21/28 | €1,826,206 | €1,876,206 | +€50,000 | +2.7% |
| Financial fixed assets | 28 | €1,826,206 | €1,876,206 | +€50,000 | +2.7% |
| Current assets | 29/58 | €46,298 | €16,099 | -€30,199 | -65.2% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €22,410 | €13,099 | -€9,312 | -41.6% |
| Deferred charges and accrued income | 490/1 | €23,888 | - | -€23,888 | |
| Total equity and liabilities | 10/49 | €1,872,504 | €1,892,305 | +€19,801 | +1.1% |
| Equity | 10/15 | €185,689 | €458,274 | +€272,585 | +147% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €75,689 | €348,274 | +€272,585 | +360% |
| Distributable reserves | 133 | €75,689 | €348,274 | +€272,585 | +360% |
| Amounts payable | 17/49 | €1,686,814 | €1,434,030 | -€252,784 | -15.0% |
| Amounts payable after more than one year | 17 | €1,493,548 | €1,168,198 | -€325,350 | -21.8% |
| Financial debts | 170/4 | €1,493,548 | €1,168,198 | -€325,350 | -21.8% |
| Amounts payable within one year | 42/48 | €193,267 | €265,833 | +€72,566 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €13,275 | €32,918 | +€19,643 | +148% |
| Suppliers | 440/4 | €13,275 | €32,918 | +€19,643 | +148% |
| Taxes, remuneration and social security | 45 | €31,249 | €31,746 | +€496 | +1.6% |
| Taxes | 450/3 | €31,249 | €31,746 | +€496 | +1.6% |
| Other amounts payable | 47/48 | €28,742 | €81,169 | +€52,427 | +182% |
| Other operating charges | 640/8 | €772 | €1,400 | +€628 | +81.4% |
| Gross operating margin | 9900 | €183,095 | €104,952 | -€78,143 | -42.7% |
| Operating profit (loss) | 9901 | €182,323 | €103,553 | -€78,771 | -43.2% |
| Financial income | 75/76B | €0 | €250,000 | +€250,000 | +833,333,233% |
| Recurring financial income | 75 | €0 | €250,000 | +€250,000 | +833,333,233% |
| Financial charges | 65/66B | €87,575 | €74,962 | -€12,613 | -14.4% |
| Recurring financial charges | 65 | €87,575 | €74,962 | -€12,613 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €94,749 | €278,591 | +€183,842 | +194% |
| Income taxes | 67/77 | €19,060 | €6,006 | -€13,054 | -68.5% |
| Profit (loss) for the period | 9904 | €75,689 | €272,585 | +€196,896 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €75,689 | €272,585 | +€196,896 | +260% |
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 17 October 2026 via checked.be.