WZRD: 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.
WZRD
Largest movements
- Tangible fixed assets +€585,989
up €585,989 (+227.6%), from €257,460 to €843,450
of which Land and buildings: +€579,271
- Receivables within one year +€77,150
up €77,150 (+102.8%), from €75,023 to €152,173
of which Trade receivables: +€48,821
- Debts after one year +€569,495
up €569,495 (+474.1%), from €120,129 to €689,624
- Reserves +€45,132
up €45,132 (+33.5%), from €134,796 to €179,928
- Trade debts +€33,947
up €33,947 (+89.3%), from €37,994 to €71,941
- Current portion of long-term debt +€19,738
up €19,738 (+257.5%), from €7,666 to €27,403
- Gross operating margin +€85,054
up €85,054 (+124.1%), from €68,518 to €153,572
- Other operating charges -€31,386
down €31,386 (-94.3%), from €33,294 to €1,907
- Taxes +€22,582
up €22,582 (+422.0%), from €5,352 to €27,933
- Depreciation +€18,022
up €18,022 (+410.6%), from €4,389 to €22,410
- Financial charges +€14,375
up €14,375 (+121.5%), from €11,827 to €26,202
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 | €336,169 | €1,003,036 | +€666,867 | +198.4% |
| Fixed assets | 21/28 | €257,510 | €843,500 | +€585,989 | +227.6% |
| Tangible fixed assets | 22/27 | €257,460 | €843,450 | +€585,989 | +227.6% |
| Land and buildings | 22 | €249,374 | €828,645 | +€579,271 | +232.3% |
| Plant, machinery and equipment | 23 | €3,299 | €8,681 | +€5,382 | +163.2% |
| Furniture and vehicles | 24 | €4,787 | €6,123 | +€1,336 | +27.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €78,658 | €159,536 | +€80,878 | +102.8% |
| Amounts receivable within one year | 40/41 | €75,023 | €152,173 | +€77,150 | +102.8% |
| Trade receivables | 40 | €53,123 | €101,944 | +€48,821 | +91.9% |
| Other amounts receivable | 41 | €21,900 | €50,229 | +€28,328 | +129.4% |
| Cash at bank and in hand | 54/58 | €1,901 | €5,029 | +€3,128 | +164.5% |
| Deferred charges and accrued income | 490/1 | €1,734 | €2,335 | +€600 | +34.6% |
| Total equity and liabilities | 10/49 | €336,169 | €1,003,036 | +€666,867 | +198.4% |
| Equity | 10/15 | €135,796 | €180,928 | +€45,132 | +33.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €134,796 | €179,928 | +€45,132 | +33.5% |
| Distributable reserves | 133 | €134,796 | €179,928 | +€45,132 | +33.5% |
| Amounts payable | 17/49 | €200,373 | €822,108 | +€621,735 | +310.3% |
| Amounts payable after more than one year | 17 | €120,129 | €689,624 | +€569,495 | +474.1% |
| Financial debts | 170/4 | €120,129 | €689,624 | +€569,495 | +474.1% |
| Amounts payable within one year | 42/48 | €80,244 | €132,484 | +€52,240 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €7,666 | €27,403 | +€19,738 | +257.5% |
| Financial debts | 43 | €4,604 | €356 | -€4,249 | -92.3% |
| Credit institutions | 430/8 | €4,604 | €356 | -€4,249 | -92.3% |
| Trade debts | 44 | €37,994 | €71,941 | +€33,947 | +89.3% |
| Suppliers | 440/4 | €37,994 | €71,941 | +€33,947 | +89.3% |
| Taxes, remuneration and social security | 45 | €29,980 | €32,784 | +€2,804 | +9.4% |
| Taxes | 450/3 | €27,389 | €31,920 | +€4,531 | +16.5% |
| Remuneration and social security | 454/9 | €2,591 | €864 | -€1,727 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,389 | €22,410 | +€18,022 | +410.6% |
| Other operating charges | 640/8 | €33,294 | €1,907 | -€31,386 | -94.3% |
| Gross operating margin | 9900 | €68,518 | €153,572 | +€85,054 | +124.1% |
| Operating profit (loss) | 9901 | €30,836 | €129,255 | +€98,419 | +319.2% |
| Financial income | 75/76B | €79 | €13 | -€66 | -83.6% |
| Recurring financial income | 75 | €79 | €13 | -€66 | -83.6% |
| Financial charges | 65/66B | €11,827 | €26,202 | +€14,375 | +121.5% |
| Recurring financial charges | 65 | €11,827 | €26,202 | +€14,375 | +121.5% |
| Profit (loss) for the period before taxes | 9903 | €19,088 | €103,066 | +€83,978 | +440.0% |
| Income taxes | 67/77 | €5,352 | €27,933 | +€22,582 | +422.0% |
| Profit (loss) for the period | 9904 | €13,736 | €75,132 | +€61,396 | +447.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,736 | €75,132 | +€61,396 | +447.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.