WR PROJECTS: what changed
WR PROJECTS
Largest movements
- Cash -€4,456
down €4,456 (-87.4%), from €5,096 to €640
mainly Net result for the year (-€10,547)
- Deferred charges and accrued income -€2,837
down €2,837 (-100%), from €2,837 to €0
- Receivables within one year -€1,694
down €1,694 (-7.7%), from €21,877 to €20,183
of which Other amounts receivable: -€7,589
- Profit (loss) carried forward -€10,547
down €10,547 (-185%), from -€5,702 to -€16,250
- Tax, wage and social debts +€1,389
up €1,389 (+38.3%), from €3,630 to €5,020
of which Remuneration and social security: +€3,173
- Gross operating margin -€9,757
down €9,757 (-1,075%), from -€907 to -€10,664
- Other operating charges -€1,690
down €1,690 (-81.0%), from €2,087 to €397
- Taxes -€1,159
down €1,159 (-89.7%), from €1,292 to €133
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 | €32,310 | €23,322 | -€8,988 | -27.8% |
| Current assets | 29/58 | €32,310 | €23,322 | -€8,988 | -27.8% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,877 | €20,183 | -€1,694 | -7.7% |
| Trade receivables | 40 | €0 | €5,895 | +€5,895 | |
| Other amounts receivable | 41 | €21,877 | €14,288 | -€7,589 | -34.7% |
| Cash at bank and in hand | 54/58 | €5,096 | €640 | -€4,456 | -87.4% |
| Deferred charges and accrued income | 490/1 | €2,837 | €0 | -€2,837 | -100% |
| Total equity and liabilities | 10/49 | €32,310 | €23,322 | -€8,988 | -27.8% |
| Equity | 10/15 | €19,298 | €8,750 | -€10,547 | -54.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,702 | -€16,250 | -€10,547 | -185% |
| Amounts payable | 17/49 | €13,012 | €14,572 | +€1,560 | +12.0% |
| Amounts payable within one year | 42/48 | €13,012 | €14,572 | +€1,560 | +12.0% |
| Trade debts | 44 | €9,382 | €9,552 | +€171 | +1.8% |
| Suppliers | 440/4 | €9,382 | €9,552 | +€171 | +1.8% |
| Taxes, remuneration and social security | 45 | €3,630 | €5,020 | +€1,389 | +38.3% |
| Taxes | 450/3 | €3,630 | €1,847 | -€1,784 | -49.1% |
| Remuneration and social security | 454/9 | - | €3,173 | +€3,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,087 | €397 | -€1,690 | -81.0% |
| Gross operating margin | 9900 | -€907 | -€10,664 | -€9,757 | -1,075% |
| Operating profit (loss) | 9901 | -€2,994 | -€11,062 | -€8,067 | -269% |
| Financial income | 75/76B | €936 | €892 | -€43 | -4.6% |
| Recurring financial income | 75 | €936 | €892 | -€43 | -4.6% |
| Financial charges | 65/66B | €140 | €246 | +€105 | +75.2% |
| Recurring financial charges | 65 | €140 | €246 | +€105 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,199 | -€10,415 | -€8,216 | -374% |
| Income taxes | 67/77 | €1,292 | €133 | -€1,159 | -89.7% |
| Profit (loss) for the period | 9904 | -€3,491 | -€10,547 | -€7,057 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,491 | -€10,547 | -€7,057 | -202% |
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 2 November 2026 via checked.be.