WFCC: 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.
WFCC
Largest movements
- Receivables within one year +€89,267
up €89,267 (+76.4%), from €116,791 to €206,057
of which Other amounts receivable: +€66,687
- Cash -€4,540
down €4,540 (-87.7%), from €5,176 to €636
mainly Receivables within one year (-€89,267) and Investment in fixed assets (net) (-€10,514)
- Tangible fixed assets +€3,583
up €3,583 (+12.2%), from €29,421 to €33,004
of which Furniture and vehicles: +€4,393
- Profit (loss) carried forward +€57,044
up €57,044 (+134%), from €42,539 to €99,583
- Tax, wage and social debts +€17,831
up €17,831 (+432%), from €4,127 to €21,959
- Trade debts +€8,284
up €8,284 (+35.7%), from €23,174 to €31,459
- Advances received +€5,150
up €5,150 (+67.0%), from €7,688 to €12,838
- Taxes -€84,857
down €84,857 (-82.6%), from €102,717 to €17,860
- Purchases and services -€66,010
down €66,010 (-26.5%), from €248,860 to €182,849
- Gross operating margin +€64,252
up €64,252 (+262%), from €24,547 to €88,799
- Write-downs -€18,469
no longer reported in 2025 (was €18,469)
- Turnover -€6,830
down €6,830 (-2.5%), from €273,405 to €266,575
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 | €151,388 | €239,698 | +€88,310 | +58.3% |
| Fixed assets | 21/28 | €29,421 | €33,004 | +€3,583 | +12.2% |
| Tangible fixed assets | 22/27 | €29,421 | €33,004 | +€3,583 | +12.2% |
| Plant, machinery and equipment | 23 | €20,862 | €20,053 | -€810 | -3.9% |
| Furniture and vehicles | 24 | €8,559 | €12,952 | +€4,393 | +51.3% |
| Current assets | 29/58 | €121,967 | €206,693 | +€84,726 | +69.5% |
| Amounts receivable within one year | 40/41 | €116,791 | €206,057 | +€89,267 | +76.4% |
| Trade receivables | 40 | €25,106 | €47,686 | +€22,580 | +89.9% |
| Other amounts receivable | 41 | €91,684 | €158,371 | +€66,687 | +72.7% |
| Cash at bank and in hand | 54/58 | €5,176 | €636 | -€4,540 | -87.7% |
| Total equity and liabilities | 10/49 | €151,388 | €239,698 | +€88,310 | +58.3% |
| Equity | 10/15 | €116,398 | €173,442 | +€57,044 | +49.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,539 | €99,583 | +€57,044 | +134% |
| Amounts payable | 17/49 | €34,990 | €66,256 | +€31,266 | +89.4% |
| Amounts payable within one year | 42/48 | €34,990 | €66,256 | +€31,266 | +89.4% |
| Trade debts | 44 | €23,174 | €31,459 | +€8,284 | +35.7% |
| Suppliers | 440/4 | €23,174 | €31,459 | +€8,284 | +35.7% |
| Advances received on contracts in progress | 46 | €7,688 | €12,838 | +€5,150 | +67.0% |
| Taxes, remuneration and social security | 45 | €4,127 | €21,959 | +€17,831 | +432% |
| Taxes | 450/3 | €4,127 | €21,959 | +€17,831 | +432% |
| Turnover | 70 | €273,405 | €266,575 | -€6,830 | -2.5% |
| Non-recurring operating income | 76A | - | €5,073 | +€5,073 | |
| Goods, raw materials, services and sundry goods | 60/61 | €248,860 | €182,849 | -€66,010 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,539 | €6,931 | +€391 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,469 | - | -€18,469 | |
| Other operating charges | 640/8 | €1,907 | €6,802 | +€4,895 | +257% |
| Gross operating margin | 9900 | €24,547 | €88,799 | +€64,252 | +262% |
| Operating profit (loss) | 9901 | -€2,369 | €75,065 | +€77,434 | |
| Financial charges | 65/66B | €334 | €162 | -€172 | -51.6% |
| Recurring financial charges | 65 | €334 | €162 | -€172 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,702 | €74,904 | +€77,606 | |
| Income taxes | 67/77 | €102,717 | €17,860 | -€84,857 | -82.6% |
| Profit (loss) for the period | 9904 | -€105,420 | €57,044 | +€162,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,420 | €57,044 | +€162,463 |
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 26 October 2026 via checked.be.