WWJD: 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.
WWJD
Largest movements
- Tangible fixed assets +€60,623
up €60,623 (+14.5%), from €418,369 to €478,992
of which Land and buildings: +€65,687
- Deferred charges and accrued income -€41,770
down €41,770 (-96.9%), from €43,123 to €1,353
- Cash -€26,927
down €26,927 (-22.1%), from €121,593 to €94,666
mainly Investment in fixed assets (net) (-€92,606) and Debts after one year (-€46,790)
- Debts after one year -€46,790
down €46,790 (-14.1%), from €331,167 to €284,377
- Current portion of long-term debt +€22,539
up €22,539 (+132.8%), from €16,966 to €39,505
- Reserves +€22,511
up €22,511 (+9.9%), from €228,333 to €250,844
- Other debts +€15,046
up €15,046 (+307.6%), from €4,892 to €19,937
- Tax, wage and social debts -€10,344
down €10,344 (-63.4%), from €16,307 to €5,963
of which Taxes: -€5,880
- Gross operating margin -€66,357
down €66,357 (-42.6%), from €155,769 to €89,413
- Taxes -€16,260
down €16,260 (-61.0%), from €26,656 to €10,395
- Depreciation +€6,463
up €6,463 (+25.3%), from €25,520 to €31,983
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,781 | €608,590 | -€4,191 | -0.7% |
| Fixed assets | 21/28 | €418,569 | €479,192 | +€60,623 | +14.5% |
| Tangible fixed assets | 22/27 | €418,369 | €478,992 | +€60,623 | +14.5% |
| Land and buildings | 22 | €346,724 | €412,411 | +€65,687 | +18.9% |
| Plant, machinery and equipment | 23 | €1,262 | €525 | -€737 | -58.4% |
| Furniture and vehicles | 24 | €58,530 | €51,232 | -€7,298 | -12.5% |
| Other tangible fixed assets | 26 | €11,852 | €14,824 | +€2,972 | +25.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €194,212 | €129,398 | -€64,814 | -33.4% |
| Amounts receivable within one year | 40/41 | €29,496 | €33,379 | +€3,882 | +13.2% |
| Trade receivables | 40 | €24,488 | €24,765 | +€277 | +1.1% |
| Other amounts receivable | 41 | €5,008 | €8,614 | +€3,605 | +72.0% |
| Cash at bank and in hand | 54/58 | €121,593 | €94,666 | -€26,927 | -22.1% |
| Deferred charges and accrued income | 490/1 | €43,123 | €1,353 | -€41,770 | -96.9% |
| Total equity and liabilities | 10/49 | €612,781 | €608,590 | -€4,191 | -0.7% |
| Equity | 10/15 | €229,333 | €251,844 | +€22,511 | +9.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €228,333 | €250,844 | +€22,511 | +9.9% |
| Distributable reserves | 133 | €228,333 | €250,844 | +€22,511 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €383,448 | €356,747 | -€26,702 | -7.0% |
| Amounts payable after more than one year | 17 | €331,167 | €284,377 | -€46,790 | -14.1% |
| Financial debts | 170/4 | €331,167 | €284,377 | -€46,790 | -14.1% |
| Amounts payable within one year | 42/48 | €52,281 | €72,369 | +€20,088 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €16,966 | €39,505 | +€22,539 | +132.8% |
| Financial debts | 43 | €368 | €44 | -€324 | -88.1% |
| Credit institutions | 430/8 | €368 | €44 | -€324 | -88.1% |
| Trade debts | 44 | €13,748 | €6,920 | -€6,828 | -49.7% |
| Suppliers | 440/4 | €13,748 | €6,920 | -€6,828 | -49.7% |
| Taxes, remuneration and social security | 45 | €16,307 | €5,963 | -€10,344 | -63.4% |
| Taxes | 450/3 | €11,843 | €5,963 | -€5,880 | -49.7% |
| Remuneration and social security | 454/9 | €4,464 | €0 | -€4,464 | -100.0% |
| Other amounts payable | 47/48 | €4,892 | €19,937 | +€15,046 | +307.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,520 | €31,983 | +€6,463 | +25.3% |
| Other operating charges | 640/8 | €509 | €573 | +€64 | +12.5% |
| Gross operating margin | 9900 | €155,769 | €89,413 | -€66,357 | -42.6% |
| Operating profit (loss) | 9901 | €129,740 | €56,857 | -€72,883 | -56.2% |
| Financial income | 75/76B | €0 | €26 | +€26 | |
| Recurring financial income | 75 | €0 | €26 | +€26 | |
| Financial charges | 65/66B | €11,772 | €12,212 | +€439 | +3.7% |
| Recurring financial charges | 65 | €11,772 | €12,212 | +€439 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €117,968 | €44,671 | -€73,297 | -62.1% |
| Income taxes | 67/77 | €26,656 | €10,395 | -€16,260 | -61.0% |
| Profit (loss) for the period | 9904 | €91,312 | €34,276 | -€57,036 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,312 | €34,276 | -€57,036 | -62.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.