WTTRW: 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.
WTTRW
Largest movements
- Tangible fixed assets +€47,052
up €47,052 (+4,403%), from €1,069 to €48,121
- Receivables within one year +€36,398
up €36,398 (+228%), from €15,991 to €52,389
of which Trade receivables: +€37,164
- Cash +€5,130
up €5,130 (+93.4%), from €5,490 to €10,620
mainly Debts after one year (+€34,860) and Trade debts (+€28,989)
- Financial fixed assets +€1,620
up €1,620 (+64.8%), from €2,500 to €4,120
- Debts after one year +€34,860
new in 2025: €34,860
- Trade debts +€28,989
up €28,989 (+194%), from €14,945 to €43,934
- Reserves +€12,412
up €12,412 (+3,482%), from €357 to €12,768
- Current portion of long-term debt +€8,709
new in 2025: €8,709
- Tax, wage and social debts +€7,305
up €7,305 (+140%), from €5,221 to €12,526
- Gross operating margin +€21,356
up €21,356 (+369%), from €5,782 to €27,138
- Taxes +€5,175
up €5,175 (+271%), from €1,910 to €7,085
- Depreciation +€4,733
up €4,733 (+3,257%), from €145 to €4,878
- Financial charges +€1,267
up €1,267 (+832%), from €152 to €1,419
- Other operating charges +€958
up €958 (+222%), from €431 to €1,389
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 | €25,050 | €115,797 | +€90,748 | +362% |
| Fixed assets | 21/28 | €3,569 | €52,241 | +€48,672 | +1,364% |
| Tangible fixed assets | 22/27 | €1,069 | €48,121 | +€47,052 | +4,403% |
| Furniture and vehicles | 24 | €1,069 | €48,121 | +€47,052 | +4,403% |
| Financial fixed assets | 28 | €2,500 | €4,120 | +€1,620 | +64.8% |
| Current assets | 29/58 | €21,481 | €63,556 | +€42,075 | +196% |
| Amounts receivable within one year | 40/41 | €15,991 | €52,389 | +€36,398 | +228% |
| Trade receivables | 40 | €7,500 | €44,664 | +€37,164 | +496% |
| Other amounts receivable | 41 | €8,491 | €7,725 | -€766 | -9.0% |
| Cash at bank and in hand | 54/58 | €5,490 | €10,620 | +€5,130 | +93.4% |
| Deferred charges and accrued income | 490/1 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €25,050 | €115,797 | +€90,748 | +362% |
| Equity | 10/15 | €3,357 | €15,768 | +€12,412 | +370% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €357 | €12,768 | +€12,412 | +3,482% |
| Distributable reserves | 133 | €357 | €12,768 | +€12,412 | +3,482% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,693 | €100,029 | +€78,336 | +361% |
| Amounts payable after more than one year | 17 | - | €34,860 | +€34,860 | |
| Financial debts | 170/4 | - | €34,860 | +€34,860 | |
| Amounts payable within one year | 42/48 | €21,693 | €65,169 | +€43,476 | +200% |
| Current portion of amounts payable after more than one year | 42 | - | €8,709 | +€8,709 | |
| Trade debts | 44 | €14,945 | €43,934 | +€28,989 | +194% |
| Suppliers | 440/4 | €14,945 | €43,934 | +€28,989 | +194% |
| Taxes, remuneration and social security | 45 | €5,221 | €12,526 | +€7,305 | +140% |
| Taxes | 450/3 | €5,221 | €12,526 | +€7,305 | +140% |
| Other amounts payable | 47/48 | €1,527 | €0 | -€1,527 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | €4,878 | +€4,733 | +3,257% |
| Other operating charges | 640/8 | €431 | €1,389 | +€958 | +222% |
| Gross operating margin | 9900 | €5,782 | €27,138 | +€21,356 | +369% |
| Operating profit (loss) | 9901 | €5,206 | €20,871 | +€15,665 | +301% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €152 | €1,419 | +€1,267 | +832% |
| Recurring financial charges | 65 | €152 | €1,419 | +€1,267 | +832% |
| Profit (loss) for the period before taxes | 9903 | €5,054 | €19,497 | +€14,443 | +286% |
| Income taxes | 67/77 | €1,910 | €7,085 | +€5,175 | +271% |
| Profit (loss) for the period | 9904 | €3,144 | €12,412 | +€9,268 | +295% |
| Profit (loss) for the period to be appropriated | 9905 | €3,144 | €12,412 | +€9,268 | +295% |
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 13 October 2026 via checked.be.