WTSR: 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.
WTSR
Largest movements
- Cash +€77,535
up €77,535 (+120.4%), from €64,390 to €141,925
mainly Investment in fixed assets (net) (+€66,884) and Other debts (+€42,893)
- Financial fixed assets -€62,500
down €62,500 (-100.0%), from €62,500 to €0
- Receivables within one year -€25,093
down €25,093 (-72.8%), from €34,471 to €9,378
of which Trade receivables: -€13,283
- Stocks and contracts +€20,000
new in 2025: €20,000
- Tangible fixed assets -€5,093
down €5,093 (-55.1%), from €9,239 to €4,146
of which Leasing and similar rights: -€8,691
- Reserves -€44,267
down €44,267 (-27.4%), from €161,601 to €117,334
of which Distributable reserves: -€44,267
- Other debts +€42,893
up €42,893, from €0 to €42,893
- Tax, wage and social debts +€10,927
up €10,927 (+15472.4%), from €71 to €10,997
- Current portion of long-term debt -€8,803
down €8,803 (-100.0%), from €8,803 to €0
- Trade debts +€4,162
up €4,162 (+273.7%), from €1,520 to €5,682
- Depreciation -€10,789
down €10,789 (-93.8%), from €11,497 to €709
- Gross operating margin -€4,932
down €4,932 (-40.4%), from €12,199 to €7,268
- Taxes +€1,126
up €1,126 (+548.0%), from €206 to €1,332
- Other operating charges -€340
down €340 (-27.0%), from €1,262 to €922
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 | €171,995 | €176,907 | +€4,912 | +2.9% |
| Fixed assets | 21/28 | €71,739 | €4,146 | -€67,593 | -94.2% |
| Tangible fixed assets | 22/27 | €9,239 | €4,146 | -€5,093 | -55.1% |
| Furniture and vehicles | 24 | €548 | €4,146 | +€3,598 | +656.7% |
| Leasing and similar rights | 25 | €8,691 | €0 | -€8,691 | -100.0% |
| Financial fixed assets | 28 | €62,500 | €0 | -€62,500 | -100.0% |
| Current assets | 29/58 | €100,256 | €172,761 | +€72,505 | +72.3% |
| Stocks and contracts in progress | 3 | - | €20,000 | +€20,000 | |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €34,471 | €9,378 | -€25,093 | -72.8% |
| Trade receivables | 40 | €22,660 | €9,378 | -€13,283 | -58.6% |
| Other amounts receivable | 41 | €11,811 | €0 | -€11,811 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,390 | €141,925 | +€77,535 | +120.4% |
| Deferred charges and accrued income | 490/1 | €1,395 | €1,459 | +€63 | +4.5% |
| Total equity and liabilities | 10/49 | €171,995 | €176,907 | +€4,912 | +2.9% |
| Equity | 10/15 | €161,601 | €117,334 | -€44,267 | -27.4% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €161,601 | €117,334 | -€44,267 | -27.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,601 | €117,334 | -€44,267 | -27.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,394 | €59,572 | +€49,179 | +473.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,394 | €59,572 | +€49,179 | +473.2% |
| Current portion of amounts payable after more than one year | 42 | €8,803 | €0 | -€8,803 | -100.0% |
| Trade debts | 44 | €1,520 | €5,682 | +€4,162 | +273.7% |
| Suppliers | 440/4 | €1,520 | €5,682 | +€4,162 | +273.7% |
| Taxes, remuneration and social security | 45 | €71 | €10,997 | +€10,927 | +15472.4% |
| Taxes | 450/3 | €71 | €10,997 | +€10,927 | +15472.4% |
| Other amounts payable | 47/48 | €0 | €42,893 | +€42,893 | |
| Non-recurring operating income | 76A | €0 | €24,346 | +€24,346 | |
| Remuneration, social security and pensions | 62 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,497 | €709 | -€10,789 | -93.8% |
| Other operating charges | 640/8 | €1,262 | €922 | -€340 | -27.0% |
| Non-recurring operating charges | 66A | €12,149 | €0 | -€12,149 | -100.0% |
| Gross operating margin | 9900 | €12,199 | €7,268 | -€4,932 | -40.4% |
| Operating profit (loss) | 9901 | -€12,709 | €5,594 | +€18,303 | |
| Financial income | 75/76B | €201 | €221 | +€20 | +10.0% |
| Recurring financial income | 75 | €201 | €221 | +€20 | +10.0% |
| Financial charges | 65/66B | €1,664 | €1,671 | +€8 | +0.5% |
| Recurring financial charges | 65 | €1,664 | €1,671 | +€8 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,172 | €4,143 | +€18,315 | |
| Income taxes | 67/77 | €206 | €1,332 | +€1,126 | +548.0% |
| Profit (loss) for the period | 9904 | -€14,377 | €2,811 | +€17,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,377 | €2,811 | +€17,189 |
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 12 October 2026 via checked.be.