WG: what changed
WG
Largest movements
- Tangible fixed assets -€11,337
down €11,337 (-20.6%), from €55,160 to €43,824
- Cash +€8,483
up €8,483 (+107%), from €7,909 to €16,392
mainly Depreciation (+€11,337) and Trade debts (+€7,964)
- Other debts -€27,467
down €27,467 (-47.3%), from €58,014 to €30,547
- Trade debts +€7,964
up €7,964 (+2,154%), from €370 to €8,334
- Reserves +€6,945
up €6,945 (+76.1%), from €9,128 to €16,073
- Tax, wage and social debts +€6,435
up €6,435 (+254%), from €2,534 to €8,969
of which Taxes: +€6,435
- Accrued charges and deferred income +€3,530
new in 2025: €3,530
- Depreciation +€10,485
up €10,485 (+1,231%), from €852 to €11,337
- Gross operating margin +€9,240
up €9,240 (+53.4%), from €17,298 to €26,538
- Financial charges +€3,536
up €3,536 (+2,233%), from €158 to €3,694
- Other operating charges +€839
up €839 (+274%), from €306 to €1,145
- Taxes -€681
down €681 (-16.5%), from €4,138 to €3,457
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,045 | €70,453 | -€2,593 | -3.5% |
| Fixed assets | 21/28 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Tangible fixed assets | 22/27 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Furniture and vehicles | 24 | €55,160 | €43,824 | -€11,337 | -20.6% |
| Current assets | 29/58 | €17,885 | €26,629 | +€8,744 | +48.9% |
| Amounts receivable within one year | 40/41 | €9,480 | €9,680 | +€200 | +2.1% |
| Trade receivables | 40 | €8,470 | €9,680 | +€1,210 | +14.3% |
| Other amounts receivable | 41 | €1,010 | €0 | -€1,010 | -100% |
| Cash at bank and in hand | 54/58 | €7,909 | €16,392 | +€8,483 | +107% |
| Deferred charges and accrued income | 490/1 | €497 | €557 | +€61 | +12.3% |
| Total equity and liabilities | 10/49 | €73,045 | €70,453 | -€2,593 | -3.5% |
| Equity | 10/15 | €12,128 | €19,073 | +€6,945 | +57.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,128 | €16,073 | +€6,945 | +76.1% |
| Distributable reserves | 133 | €9,128 | €16,073 | +€6,945 | +76.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €60,918 | €51,380 | -€9,538 | -15.7% |
| Amounts payable within one year | 42/48 | €60,918 | €47,850 | -€13,068 | -21.5% |
| Trade debts | 44 | €370 | €8,334 | +€7,964 | +2,154% |
| Suppliers | 440/4 | €370 | €8,334 | +€7,964 | +2,154% |
| Taxes, remuneration and social security | 45 | €2,534 | €8,969 | +€6,435 | +254% |
| Taxes | 450/3 | €2,534 | €8,969 | +€6,435 | +254% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58,014 | €30,547 | -€27,467 | -47.3% |
| Accrued charges and deferred income | 492/3 | - | €3,530 | +€3,530 | |
| Non-recurring operating income | 76A | €9,158 | €0 | -€9,158 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €11,337 | +€10,485 | +1,231% |
| Other operating charges | 640/8 | €306 | €1,145 | +€839 | +274% |
| Gross operating margin | 9900 | €17,298 | €26,538 | +€9,240 | +53.4% |
| Operating profit (loss) | 9901 | €16,140 | €14,055 | -€2,084 | -12.9% |
| Financial income | 75/76B | €56 | €41 | -€15 | -26.6% |
| Recurring financial income | 75 | €56 | €41 | -€15 | -26.6% |
| Financial charges | 65/66B | €158 | €3,694 | +€3,536 | +2,233% |
| Recurring financial charges | 65 | €158 | €3,694 | +€3,536 | +2,233% |
| Profit (loss) for the period before taxes | 9903 | €16,037 | €10,402 | -€5,635 | -35.1% |
| Income taxes | 67/77 | €4,138 | €3,457 | -€681 | -16.5% |
| Profit (loss) for the period | 9904 | €11,899 | €6,945 | -€4,954 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,899 | €6,945 | -€4,954 | -41.6% |
Next steps
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 5 November 2026 via checked.be.