VWB Trading: 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.
VWB Trading
Largest movements
- Cash -€60,820
down €60,820 (-58.3%), from €104,412 to €43,591
mainly Contributions, distributions and other (-€296,531) and Current investments (-€30,575)
- Current investments +€30,575
up €30,575 (+18.0%), from €169,425 to €200,000
- Receivables within one year +€26,615
up €26,615 (+107%), from €24,784 to €51,399
of which Other amounts receivable: +€22,599
- Stocks and contracts -€16,765
down €16,765 (-37.2%), from €45,105 to €28,340
- Tangible fixed assets -€6,054
down €6,054 (-23.8%), from €25,482 to €19,428
of which Furniture and vehicles: -€5,649
- Reserves -€180,496
down €180,496 (-100%), from €180,496 to €0
- Other debts +€155,620
up €155,620 (+110%), from €140,911 to €296,531
- Tax, wage and social debts -€14,353
down €14,353 (-56.9%), from €25,208 to €10,855
- Trade debts +€10,722
up €10,722 (+226%), from €4,745 to €15,467
- Short-term financial debts +€4,436
up €4,436 (+50.8%), from €8,732 to €13,167
- Financial charges +€6,900
up €6,900 (+74.1%), from €9,313 to €16,214
- Gross operating margin -€4,746
down €4,746 (-2.8%), from €169,939 to €165,194
- Taxes -€3,781
down €3,781 (-10.7%), from €35,176 to €31,395
- Write-downs -€2,674
down €2,674, from €811 to -€1,863
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 | €370,091 | €346,021 | -€24,070 | -6.5% |
| Fixed assets | 21/28 | €25,482 | €19,428 | -€6,054 | -23.8% |
| Tangible fixed assets | 22/27 | €25,482 | €19,428 | -€6,054 | -23.8% |
| Plant, machinery and equipment | 23 | €1,301 | €1,000 | -€301 | -23.1% |
| Furniture and vehicles | 24 | €24,077 | €18,428 | -€5,649 | -23.5% |
| Other tangible fixed assets | 26 | €103 | €0 | -€103 | -100% |
| Current assets | 29/58 | €344,609 | €326,593 | -€18,016 | -5.2% |
| Stocks and contracts in progress | 3 | €45,105 | €28,340 | -€16,765 | -37.2% |
| Stocks | 30/36 | €45,105 | €28,340 | -€16,765 | -37.2% |
| Amounts receivable within one year | 40/41 | €24,784 | €51,399 | +€26,615 | +107% |
| Trade receivables | 40 | €264 | €4,281 | +€4,016 | +1,519% |
| Other amounts receivable | 41 | €24,519 | €47,118 | +€22,599 | +92.2% |
| Current investments | 50/53 | €169,425 | €200,000 | +€30,575 | +18.0% |
| Cash at bank and in hand | 54/58 | €104,412 | €43,591 | -€60,820 | -58.3% |
| Deferred charges and accrued income | 490/1 | €884 | €3,263 | +€2,379 | +269% |
| Total equity and liabilities | 10/49 | €370,091 | €346,021 | -€24,070 | -6.5% |
| Equity | 10/15 | €190,496 | €10,000 | -€180,496 | -94.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €180,496 | €0 | -€180,496 | -100% |
| Distributable reserves | 133 | €180,496 | €0 | -€180,496 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,596 | €336,021 | +€156,425 | +87.1% |
| Amounts payable within one year | 42/48 | €179,596 | €336,021 | +€156,425 | +87.1% |
| Financial debts | 43 | €8,732 | €13,167 | +€4,436 | +50.8% |
| Credit institutions | 430/8 | €8,732 | €13,167 | +€4,436 | +50.8% |
| Trade debts | 44 | €4,745 | €15,467 | +€10,722 | +226% |
| Suppliers | 440/4 | €4,745 | €15,467 | +€10,722 | +226% |
| Taxes, remuneration and social security | 45 | €25,208 | €10,855 | -€14,353 | -56.9% |
| Taxes | 450/3 | €25,208 | €10,855 | -€14,353 | -56.9% |
| Other amounts payable | 47/48 | €140,911 | €296,531 | +€155,620 | +110% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,950 | €0 | -€1,950 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,714 | €7,411 | +€697 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €811 | -€1,863 | -€2,674 | |
| Other operating charges | 640/8 | €1,226 | €1,215 | -€10 | -0.9% |
| Gross operating margin | 9900 | €169,939 | €165,194 | -€4,746 | -2.8% |
| Operating profit (loss) | 9901 | €161,189 | €158,430 | -€2,759 | -1.7% |
| Financial income | 75/76B | €6,744 | €5,214 | -€1,530 | -22.7% |
| Recurring financial income | 75 | €6,744 | €5,214 | -€1,530 | -22.7% |
| Financial charges | 65/66B | €9,313 | €16,214 | +€6,900 | +74.1% |
| Recurring financial charges | 65 | €9,313 | €16,214 | +€6,900 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €158,620 | €147,430 | -€11,189 | -7.1% |
| Income taxes | 67/77 | €35,176 | €31,395 | -€3,781 | -10.7% |
| Profit (loss) for the period | 9904 | €123,444 | €116,036 | -€7,408 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,444 | €116,036 | -€7,408 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.