W&S ENGINEERING: what changed
What changed
W&S ENGINEERING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€78,538
2024 · €75,267+€3,271
Equity
€18,600
2024 · €18,600
Cash
€259,563
2024 · €254,628+€4,935
Balance sheet total
€279,538
2024 · €277,390+€2,148
Largest movements
Assets
- Cash +€4,935
up €4,935 (+1.9%), from €254,628 to €259,563
mainly Net result for the year (+€78,538) and Tax, wage and social debts (+€6,663)
Equity and liabilities
- Tax, wage and social debts +€6,663
up €6,663 (+209%), from €3,183 to €9,846
- Other debts -€6,289
down €6,289 (-2.5%), from €253,494 to €247,204
Income statement
- Gross operating margin +€5,016
up €5,016 (+5.1%), from €98,686 to €103,702
- Taxes +€2,096
up €2,096 (+10.6%), from €19,803 to €21,900
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,267
Gross operating margin
+€5,016
Depreciation
+€55
Other operating charges
+€297
Financial charges
-€1
Taxes
-€2,096
Result 2025
€78,538
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,473
Investment
€0
Financing
-€78,538
Cash 2024
€254,628
From operations (derived)
+€83,473
Net result for the year
+€78,538
Depreciation
+€2,232
Receivables within one year
+€305
Deferred charges and accrued income
+€250
Trade debts
+€1,775
Tax, wage and social debts
+€6,663
Other debts
-€6,289
Financing
-€78,538
Contributions, distributions and other
-€78,538
Cash 2025
€259,563
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,390 | €279,538 | +€2,148 | +0.8% |
| Fixed assets | 21/28 | €4,405 | €2,173 | -€2,232 | -50.7% |
| Tangible fixed assets | 22/27 | €4,405 | €2,173 | -€2,232 | -50.7% |
| Land and buildings | 22 | €1,451 | €305 | -€1,146 | -79.0% |
| Furniture and vehicles | 24 | €365 | €0 | -€365 | -100% |
| Other tangible fixed assets | 26 | €2,589 | €1,868 | -€721 | -27.8% |
| Current assets | 29/58 | €272,985 | €277,366 | +€4,381 | +1.6% |
| Amounts receivable within one year | 40/41 | €17,656 | €17,351 | -€305 | -1.7% |
| Trade receivables | 40 | €16,057 | €16,751 | +€693 | +4.3% |
| Other amounts receivable | 41 | €1,599 | €600 | -€998 | -62.4% |
| Cash at bank and in hand | 54/58 | €254,628 | €259,563 | +€4,935 | +1.9% |
| Deferred charges and accrued income | 490/1 | €701 | €452 | -€250 | -35.6% |
| Total equity and liabilities | 10/49 | €277,390 | €279,538 | +€2,148 | +0.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €258,790 | €260,938 | +€2,148 | +0.8% |
| Amounts payable within one year | 42/48 | €258,790 | €260,938 | +€2,148 | +0.8% |
| Trade debts | 44 | €2,113 | €3,888 | +€1,775 | +84.0% |
| Suppliers | 440/4 | €2,113 | €3,888 | +€1,775 | +84.0% |
| Taxes, remuneration and social security | 45 | €3,183 | €9,846 | +€6,663 | +209% |
| Taxes | 450/3 | €3,183 | €9,846 | +€6,663 | +209% |
| Other amounts payable | 47/48 | €253,494 | €247,204 | -€6,289 | -2.5% |
| Non-recurring operating income | 76A | €5,939 | €0 | -€5,939 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €2,232 | -€55 | -2.4% |
| Other operating charges | 640/8 | €1,257 | €960 | -€297 | -23.6% |
| Gross operating margin | 9900 | €98,686 | €103,702 | +€5,016 | +5.1% |
| Operating profit (loss) | 9901 | €95,142 | €100,510 | +€5,368 | +5.6% |
| Financial charges | 65/66B | €71 | €72 | +€1 | +1.6% |
| Recurring financial charges | 65 | €71 | €72 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €95,071 | €100,438 | +€5,367 | +5.6% |
| Income taxes | 67/77 | €19,803 | €21,900 | +€2,096 | +10.6% |
| Profit (loss) for the period | 9904 | €75,267 | €78,538 | +€3,271 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,267 | €78,538 | +€3,271 | +4.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.