W.BD COLLECTIONS: 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.
W.BD COLLECTIONS
Largest movements
- Stocks and contracts +€40,148
up €40,148 (+327%), from €12,261 to €52,409
- Cash -€38,097
down €38,097 (-74.5%), from €51,162 to €13,065
mainly Stocks and contracts (-€40,148) and Trade debts (-€25,971)
- Receivables within one year -€15,855
down €15,855 (-44.7%), from €35,482 to €19,627
of which Trade receivables: -€14,132
- Tangible fixed assets +€1,067
up €1,067 (+271%), from €394 to €1,461
- Trade debts -€25,971
down €25,971 (-94.3%), from €27,545 to €1,574
- Other debts +€22,034
up €22,034 (+283%), from €7,781 to €29,815
- Profit (loss) carried forward -€6,019
down €6,019 (-9.8%), from €61,202 to €55,183
- Tax, wage and social debts -€2,658
down €2,658 (-100%), from €2,658 to €0
- Gross operating margin -€19,010
down €19,010, from €15,365 to -€3,645
- Taxes -€2,688
down €2,688, from €2,658 to -€30
- Other operating charges -€406
down €406 (-37.1%), from €1,095 to €689
- Financial charges -€194
down €194 (-12.8%), from €1,525 to €1,330
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 | €100,185 | €87,571 | -€12,614 | -12.6% |
| Fixed assets | 21/28 | €394 | €1,461 | +€1,067 | +271% |
| Tangible fixed assets | 22/27 | €394 | €1,461 | +€1,067 | +271% |
| Furniture and vehicles | 24 | €394 | €1,461 | +€1,067 | +271% |
| Current assets | 29/58 | €99,791 | €86,111 | -€13,680 | -13.7% |
| Stocks and contracts in progress | 3 | €12,261 | €52,409 | +€40,148 | +327% |
| Stocks | 30/36 | €12,261 | €52,409 | +€40,148 | +327% |
| Amounts receivable within one year | 40/41 | €35,482 | €19,627 | -€15,855 | -44.7% |
| Trade receivables | 40 | €31,637 | €17,505 | -€14,132 | -44.7% |
| Other amounts receivable | 41 | €3,845 | €2,122 | -€1,723 | -44.8% |
| Cash at bank and in hand | 54/58 | €51,162 | €13,065 | -€38,097 | -74.5% |
| Deferred charges and accrued income | 490/1 | €887 | €1,010 | +€124 | +13.9% |
| Total equity and liabilities | 10/49 | €100,185 | €87,571 | -€12,614 | -12.6% |
| Equity | 10/15 | €62,202 | €56,183 | -€6,019 | -9.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,202 | €55,183 | -€6,019 | -9.8% |
| Amounts payable | 17/49 | €37,983 | €31,389 | -€6,595 | -17.4% |
| Amounts payable within one year | 42/48 | €37,983 | €31,389 | -€6,595 | -17.4% |
| Trade debts | 44 | €27,545 | €1,574 | -€25,971 | -94.3% |
| Suppliers | 440/4 | €27,545 | €1,574 | -€25,971 | -94.3% |
| Taxes, remuneration and social security | 45 | €2,658 | €0 | -€2,658 | -100% |
| Taxes | 450/3 | €2,658 | €0 | -€2,658 | -100% |
| Other amounts payable | 47/48 | €7,781 | €29,815 | +€22,034 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €385 | = | 0.0% |
| Other operating charges | 640/8 | €1,095 | €689 | -€406 | -37.1% |
| Gross operating margin | 9900 | €15,365 | -€3,645 | -€19,010 | |
| Operating profit (loss) | 9901 | €13,885 | -€4,719 | -€18,604 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,525 | €1,330 | -€194 | -12.8% |
| Recurring financial charges | 65 | €1,525 | €1,330 | -€194 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €12,361 | -€6,049 | -€18,410 | |
| Income taxes | 67/77 | €2,658 | -€30 | -€2,688 | |
| Profit (loss) for the period | 9904 | €9,704 | -€6,019 | -€15,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,704 | -€6,019 | -€15,723 |
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 20 October 2026 via checked.be.