WWDS: 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.
WWDS
Largest movements
- Stocks and contracts -€15,884
down €15,884 (-12.0%), from €132,801 to €116,917
- Receivables within one year -€12,318
down €12,318 (-73.2%), from €16,829 to €4,510
- Tangible fixed assets -€4,157
down €4,157 (-53.2%), from €7,806 to €3,649
of which Other tangible fixed assets: -€3,414
- Profit (loss) carried forward -€39,049
down €39,049 (-97.8%), from -€39,939 to -€78,988
- Debts after one year +€15,000
up €15,000 (+9.4%), from €160,000 to €175,000
- Trade debts -€3,340
down €3,340 (-15.9%), from €20,993 to €17,653
- Tax, wage and social debts -€2,733
down €2,733 (-98.2%), from €2,783 to €50
- Other debts -€2,331
down €2,331 (-86.4%), from €2,699 to €368
- Gross operating margin -€49,558
down €49,558, from €15,665 to -€33,892
- Depreciation -€912
down €912 (-18.0%), from €5,069 to €4,157
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 | €164,721 | €131,373 | -€33,348 | -20.2% |
| Fixed assets | 21/28 | €7,806 | €3,649 | -€4,157 | -53.2% |
| Tangible fixed assets | 22/27 | €7,806 | €3,649 | -€4,157 | -53.2% |
| Furniture and vehicles | 24 | €742 | - | -€742 | |
| Other tangible fixed assets | 26 | €7,064 | €3,649 | -€3,414 | -48.3% |
| Current assets | 29/58 | €156,915 | €127,724 | -€29,191 | -18.6% |
| Stocks and contracts in progress | 3 | €132,801 | €116,917 | -€15,884 | -12.0% |
| Stocks | 30/36 | €132,801 | €116,917 | -€15,884 | -12.0% |
| Amounts receivable within one year | 40/41 | €16,829 | €4,510 | -€12,318 | -73.2% |
| Trade receivables | 40 | €16,829 | €4,510 | -€12,318 | -73.2% |
| Cash at bank and in hand | 54/58 | €5,704 | €5,335 | -€369 | -6.5% |
| Deferred charges and accrued income | 490/1 | €1,581 | €961 | -€620 | -39.2% |
| Total equity and liabilities | 10/49 | €164,721 | €131,373 | -€33,348 | -20.2% |
| Equity | 10/15 | -€22,648 | -€61,698 | -€39,049 | -172% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €290 | €290 | = | 0.0% |
| Distributable reserves | 133 | €290 | €290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,939 | -€78,988 | -€39,049 | -97.8% |
| Amounts payable | 17/49 | €187,369 | €193,071 | +€5,702 | +3.0% |
| Amounts payable after more than one year | 17 | €160,000 | €175,000 | +€15,000 | +9.4% |
| Financial debts | 170/4 | €160,000 | €175,000 | +€15,000 | +9.4% |
| Amounts payable within one year | 42/48 | €27,369 | €18,071 | -€9,298 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €893 | - | -€893 | |
| Trade debts | 44 | €20,993 | €17,653 | -€3,340 | -15.9% |
| Suppliers | 440/4 | €20,993 | €17,653 | -€3,340 | -15.9% |
| Taxes, remuneration and social security | 45 | €2,783 | €50 | -€2,733 | -98.2% |
| Taxes | 450/3 | €2,783 | €50 | -€2,733 | -98.2% |
| Other amounts payable | 47/48 | €2,699 | €368 | -€2,331 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,069 | €4,157 | -€912 | -18.0% |
| Other operating charges | 640/8 | €811 | €697 | -€114 | -14.0% |
| Gross operating margin | 9900 | €15,665 | -€33,892 | -€49,558 | |
| Operating profit (loss) | 9901 | €9,785 | -€38,746 | -€48,532 | |
| Financial charges | 65/66B | €228 | €303 | +€75 | +32.8% |
| Recurring financial charges | 65 | €228 | €303 | +€75 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €9,557 | -€39,049 | -€48,606 | |
| Profit (loss) for the period | 9904 | €9,557 | -€39,049 | -€48,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,557 | -€39,049 | -€48,606 |
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.