WWWD: 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.
WWWD
Largest movements
- Tangible fixed assets -€20,381
down €20,381 (-6.4%), from €316,120 to €295,739
of which Land and buildings: -€19,583
- Cash +€6,353
up €6,353 (+113.9%), from €5,580 to €11,932
mainly Depreciation (+€20,381) and Other debts (+€16,000)
- Debts after one year -€41,189
down €41,189 (-26.2%), from €157,367 to €116,178
- Other debts +€16,000
up €16,000 (+35.3%), from €45,364 to €61,363
- Reserves +€13,497
up €13,497 (+32.1%), from €42,054 to €55,551
- Gross operating margin -€514
down €514 (-1.1%), from €44,784 to €44,270
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 | €322,109 | €308,055 | -€14,054 | -4.4% |
| Fixed assets | 21/28 | €316,120 | €295,739 | -€20,381 | -6.4% |
| Tangible fixed assets | 22/27 | €316,120 | €295,739 | -€20,381 | -6.4% |
| Land and buildings | 22 | €314,196 | €294,613 | -€19,583 | -6.2% |
| Plant, machinery and equipment | 23 | €1,924 | €1,127 | -€798 | -41.5% |
| Current assets | 29/58 | €5,989 | €12,316 | +€6,327 | +105.7% |
| Amounts receivable within one year | 40/41 | €32 | €0 | -€32 | -100.0% |
| Trade receivables | 40 | €32 | €0 | -€32 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,580 | €11,932 | +€6,353 | +113.9% |
| Deferred charges and accrued income | 490/1 | €377 | €384 | +€7 | +1.7% |
| Total equity and liabilities | 10/49 | €322,109 | €308,055 | -€14,054 | -4.4% |
| Equity | 10/15 | €71,383 | €81,988 | +€10,605 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €23,129 | €20,238 | -€2,891 | -12.5% |
| Reserves | 13 | €42,054 | €55,551 | +€13,497 | +32.1% |
| Distributable reserves | 133 | €42,054 | €55,551 | +€13,497 | +32.1% |
| Amounts payable | 17/49 | €250,726 | €226,067 | -€24,659 | -9.8% |
| Amounts payable after more than one year | 17 | €157,367 | €116,178 | -€41,189 | -26.2% |
| Financial debts | 170/4 | €157,367 | €116,178 | -€41,189 | -26.2% |
| Amounts payable within one year | 42/48 | €91,220 | €105,189 | +€13,969 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €40,637 | €41,189 | +€552 | +1.4% |
| Financial debts | 43 | €2,483 | €0 | -€2,483 | -100.0% |
| Credit institutions | 430/8 | €2,483 | €0 | -€2,483 | -100.0% |
| Trade debts | 44 | €1,408 | €1,784 | +€376 | +26.7% |
| Suppliers | 440/4 | €1,408 | €1,784 | +€376 | +26.7% |
| Taxes, remuneration and social security | 45 | €1,328 | €852 | -€476 | -35.8% |
| Taxes | 450/3 | €1,328 | €852 | -€476 | -35.8% |
| Other amounts payable | 47/48 | €45,364 | €61,363 | +€16,000 | +35.3% |
| Accrued charges and deferred income | 492/3 | €2,139 | €4,700 | +€2,561 | +119.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,294 | €20,381 | +€87 | +0.4% |
| Other operating charges | 640/8 | €3,589 | €3,700 | +€111 | +3.1% |
| Gross operating margin | 9900 | €44,784 | €44,270 | -€514 | -1.1% |
| Operating profit (loss) | 9901 | €20,901 | €20,189 | -€712 | -3.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,410 | €4,331 | -€78 | -1.8% |
| Recurring financial charges | 65 | €4,410 | €4,331 | -€78 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €16,492 | €15,858 | -€634 | -3.8% |
| Income taxes | 67/77 | €5,328 | €5,252 | -€76 | -1.4% |
| Profit (loss) for the period | 9904 | €11,163 | €10,605 | -€558 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,163 | €10,605 | -€558 | -5.0% |
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 12 October 2026 via checked.be.