VINCENT WADIH: 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.
VINCENT WADIH
Largest movements
- Receivables within one year +€44,171
up €44,171 (+268%), from €16,496 to €60,668
of which Other amounts receivable: +€53,779
- Current investments +€40,000
new in 2025: €40,000
- Deferred charges and accrued income +€12,047
up €12,047 (+43.0%), from €28,023 to €40,070
- Reserves +€113,000
up €113,000 (+99.1%), from €114,000 to €227,000
- Other debts -€14,029
no longer reported in 2025 (was €14,029)
- Trade debts -€3,852
down €3,852 (-87.2%), from €4,417 to €564
No income-statement line moved by more than 1% of the activity.
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 | €190,746 | €288,315 | +€97,569 | +51.2% |
| Formation expenses | 20 | €78 | - | -€78 | |
| Fixed assets | 21/28 | - | €907 | +€907 | |
| Tangible fixed assets | 22/27 | - | €907 | +€907 | |
| Furniture and vehicles | 24 | - | €907 | +€907 | |
| Current assets | 29/58 | €190,668 | €287,408 | +€96,740 | +50.7% |
| Amounts receivable within one year | 40/41 | €16,496 | €60,668 | +€44,171 | +268% |
| Trade receivables | 40 | €16,496 | €6,889 | -€9,608 | -58.2% |
| Other amounts receivable | 41 | - | €53,779 | +€53,779 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €146,149 | €146,670 | +€522 | +0.4% |
| Deferred charges and accrued income | 490/1 | €28,023 | €40,070 | +€12,047 | +43.0% |
| Total equity and liabilities | 10/49 | €190,746 | €288,315 | +€97,569 | +51.2% |
| Equity | 10/15 | €118,012 | €232,916 | +€114,904 | +97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,000 | €227,000 | +€113,000 | +99.1% |
| Distributable reserves | 133 | €114,000 | €227,000 | +€113,000 | +99.1% |
| Profit (loss) carried forward | 14 | €1,012 | €2,916 | +€1,904 | +188% |
| Amounts payable | 17/49 | €72,734 | €55,399 | -€17,335 | -23.8% |
| Amounts payable within one year | 42/48 | €72,734 | €55,399 | -€17,335 | -23.8% |
| Trade debts | 44 | €4,417 | €564 | -€3,852 | -87.2% |
| Suppliers | 440/4 | €4,417 | €564 | -€3,852 | -87.2% |
| Taxes, remuneration and social security | 45 | €54,289 | €54,835 | +€546 | +1.0% |
| Taxes | 450/3 | €51,289 | €51,835 | +€546 | +1.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €14,029 | - | -€14,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €199 | -€1,313 | -86.8% |
| Other operating charges | 640/8 | €143 | €100 | -€43 | -29.9% |
| Gross operating margin | 9900 | €163,967 | €162,703 | -€1,265 | -0.8% |
| Operating profit (loss) | 9901 | €162,312 | €162,403 | +€91 | +0.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €137 | €164 | +€28 | +20.4% |
| Recurring financial charges | 65 | €137 | €164 | +€28 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €162,176 | €162,239 | +€62 | 0.0% |
| Income taxes | 67/77 | €47,164 | €47,335 | +€171 | +0.4% |
| Profit (loss) for the period | 9904 | €115,012 | €114,904 | -€109 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,012 | €114,904 | -€109 | -0.1% |
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 31 October 2026 via checked.be.