WURLSITE: 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.
WURLSITE
Largest movements
- Receivables within one year +€23,366
up €23,366 (+21.4%), from €109,287 to €132,654
- Tangible fixed assets -€19,244
down €19,244 (-2.5%), from €754,890 to €735,646
of which Land and buildings: -€19,244
- Other debts +€43,784
up €43,784 (+16.4%), from €266,549 to €310,332
- Trade debts -€20,691
down €20,691 (-85.8%), from €24,106 to €3,415
- Debts after one year -€13,661
down €13,661 (-5.8%), from €237,083 to €223,422
- Depreciation -€32,135
down €32,135 (-62.5%), from €51,379 to €19,244
- Gross operating margin +€25,773
up €25,773 (+448.0%), from €5,753 to €31,526
- Financial charges +€9,273
up €9,273 (+119.9%), from €7,736 to €17,009
- Other operating charges +€3,309
up €3,309 (+381.5%), from €867 to €4,176
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 | €927,174 | €934,801 | +€7,626 | +0.8% |
| Fixed assets | 21/28 | €754,890 | €735,646 | -€19,244 | -2.5% |
| Tangible fixed assets | 22/27 | €754,890 | €735,646 | -€19,244 | -2.5% |
| Land and buildings | 22 | €567,885 | €548,641 | -€19,244 | -3.4% |
| Assets under construction and advance payments | 27 | €187,006 | €187,006 | = | 0.0% |
| Current assets | 29/58 | €172,284 | €199,154 | +€26,871 | +15.6% |
| Stocks and contracts in progress | 3 | €62,551 | €62,551 | = | 0.0% |
| Stocks | 30/36 | €62,551 | €62,551 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,287 | €132,654 | +€23,366 | +21.4% |
| Other amounts receivable | 41 | €109,287 | €132,654 | +€23,366 | +21.4% |
| Cash at bank and in hand | 54/58 | €445 | €3,949 | +€3,504 | +787.3% |
| Total equity and liabilities | 10/49 | €927,174 | €934,801 | +€7,626 | +0.8% |
| Equity | 10/15 | €258,079 | €256,357 | -€1,722 | -0.7% |
| Contributions | 10/11 | €9,836 | €9,836 | = | 0.0% |
| Reserves | 13 | €287,211 | €279,331 | -€7,881 | -2.7% |
| Tax-exempt reserves | 132 | €169,185 | €161,305 | -€7,881 | -4.7% |
| Distributable reserves | 133 | €118,026 | €118,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,968 | -€32,809 | +€6,159 | +15.8% |
| Provisions and deferred taxes | 16 | €56,395 | €53,768 | -€2,627 | -4.7% |
| Deferred taxes | 168 | €56,395 | €53,768 | -€2,627 | -4.7% |
| Amounts payable | 17/49 | €612,700 | €624,675 | +€11,975 | +2.0% |
| Amounts payable after more than one year | 17 | €237,083 | €223,422 | -€13,661 | -5.8% |
| Financial debts | 170/4 | €237,083 | €223,422 | -€13,661 | -5.8% |
| Amounts payable within one year | 42/48 | €375,617 | €401,253 | +€25,635 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €11,090 | €13,661 | +€2,570 | +23.2% |
| Financial debts | 43 | €73,873 | €73,845 | -€28 | 0.0% |
| Credit institutions | 430/8 | €73,873 | €73,845 | -€28 | 0.0% |
| Trade debts | 44 | €24,106 | €3,415 | -€20,691 | -85.8% |
| Suppliers | 440/4 | €24,106 | €3,415 | -€20,691 | -85.8% |
| Other amounts payable | 47/48 | €266,549 | €310,332 | +€43,784 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,379 | €19,244 | -€32,135 | -62.5% |
| Other operating charges | 640/8 | €867 | €4,176 | +€3,309 | +381.5% |
| Gross operating margin | 9900 | €5,753 | €31,526 | +€25,773 | +448.0% |
| Operating profit (loss) | 9901 | -€46,493 | €8,106 | +€54,599 | |
| Financial income | 75/76B | €4,754 | €4,790 | +€36 | +0.8% |
| Recurring financial income | 75 | €4,754 | €4,790 | +€36 | +0.8% |
| Financial charges | 65/66B | €7,736 | €17,009 | +€9,273 | +119.9% |
| Recurring financial charges | 65 | €7,736 | €17,009 | +€9,273 | +119.9% |
| Profit (loss) for the period before taxes | 9903 | -€49,476 | -€4,113 | +€45,363 | +91.7% |
| Transfer from deferred taxes | 780 | €2,627 | €2,627 | = | 0.0% |
| Income taxes | 67/77 | - | €235 | +€235 | |
| Profit (loss) for the period | 9904 | -€46,849 | -€1,722 | +€45,127 | +96.3% |
| Transfer from tax-exempt reserves | 789 | €7,881 | €7,881 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,968 | €6,159 | +€45,127 |
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.