WTTW: 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.
WTTW
Largest movements
- Cash -€22,059
down €22,059 (-15.8%), from €139,946 to €117,887
mainly Investment in fixed assets (net) (-€46,089) and Receivables within one year (-€4,112)
- Tangible fixed assets +€17,058
up €17,058 (+3.0%), from €565,300 to €582,358
of which Assets under construction and advance payments: +€44,850
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€31,958
up €31,958 (+1224.8%), from €2,609 to €34,567
- Depreciation -€30,487
down €30,487 (-52.3%), from €58,278 to €27,792
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 | €722,091 | €722,441 | +€350 | 0.0% |
| Fixed assets | 21/28 | €565,300 | €583,598 | +€18,298 | +3.2% |
| Tangible fixed assets | 22/27 | €565,300 | €582,358 | +€17,058 | +3.0% |
| Land and buildings | 22 | €438,988 | €424,589 | -€14,399 | -3.3% |
| Plant, machinery and equipment | 23 | €126,312 | €112,920 | -€13,393 | -10.6% |
| Assets under construction and advance payments | 27 | - | €44,850 | +€44,850 | |
| Financial fixed assets | 28 | - | €1,239 | +€1,239 | |
| Current assets | 29/58 | €156,791 | €138,843 | -€17,948 | -11.4% |
| Amounts receivable within one year | 40/41 | €16,845 | €20,957 | +€4,112 | +24.4% |
| Trade receivables | 40 | €945 | - | -€945 | |
| Other amounts receivable | 41 | €15,900 | €20,957 | +€5,057 | +31.8% |
| Cash at bank and in hand | 54/58 | €139,946 | €117,887 | -€22,059 | -15.8% |
| Total equity and liabilities | 10/49 | €722,091 | €722,441 | +€350 | 0.0% |
| Equity | 10/15 | €719,202 | €722,368 | +€3,166 | +0.4% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,798 | -€377,632 | +€3,166 | +0.8% |
| Amounts payable | 17/49 | €2,889 | €73 | -€2,815 | -97.5% |
| Amounts payable within one year | 42/48 | €2,889 | €73 | -€2,815 | -97.5% |
| Trade debts | 44 | €2,889 | €73 | -€2,815 | -97.5% |
| Suppliers | 440/4 | €2,889 | €73 | -€2,815 | -97.5% |
| Non-recurring operating income | 76A | - | €12,452 | +€12,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,278 | €27,792 | -€30,487 | -52.3% |
| Other operating charges | 640/8 | €3,545 | €3,512 | -€33 | -0.9% |
| Gross operating margin | 9900 | €2,609 | €34,567 | +€31,958 | +1224.8% |
| Operating profit (loss) | 9901 | -€59,214 | €3,264 | +€62,478 | |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €373 | €98 | -€275 | -73.7% |
| Recurring financial charges | 65 | €373 | €98 | -€275 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€59,527 | €3,166 | +€62,693 | |
| Profit (loss) for the period | 9904 | -€59,527 | €3,166 | +€62,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,527 | €3,166 | +€62,693 |
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 6 October 2026 via checked.be.