W. CONSTRUCTIONS: 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. CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€26,531
down €26,531 (-3.0%), from €874,153 to €847,622
of which Land and buildings: -€26,230
- Cash -€26,436
down €26,436 (-4.2%), from €631,079 to €604,643
mainly Trade debts (-€23,022) and Other debts (-€12,150)
- Trade debts -€23,022
down €23,022 (-88.7%), from €25,949 to €2,927
- Gross operating margin +€17,605
up €17,605 (+34.1%), from €51,691 to €69,296
- Financial charges -€11,782
down €11,782 (-47.8%), from €24,654 to €12,872
- Other operating charges +€1,491
up €1,491 (+4.4%), from €34,085 to €35,575
- Taxes +€1,075
new in 2025: €1,075
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 | €2,294,246 | €2,241,286 | -€52,960 | -2.3% |
| Fixed assets | 21/28 | €877,253 | €850,722 | -€26,531 | -3.0% |
| Tangible fixed assets | 22/27 | €874,153 | €847,622 | -€26,531 | -3.0% |
| Land and buildings | 22 | €873,852 | €847,622 | -€26,230 | -3.0% |
| Furniture and vehicles | 24 | €301 | €0 | -€301 | -100% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €1,416,993 | €1,390,564 | -€26,429 | -1.9% |
| Stocks and contracts in progress | 3 | €325,834 | €325,834 | = | 0.0% |
| Stocks | 30/36 | €325,834 | €325,834 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €460,080 | €460,087 | +€7 | 0.0% |
| Other amounts receivable | 41 | €460,080 | €460,087 | +€7 | 0.0% |
| Cash at bank and in hand | 54/58 | €631,079 | €604,643 | -€26,436 | -4.2% |
| Total equity and liabilities | 10/49 | €2,294,246 | €2,241,286 | -€52,960 | -2.3% |
| Equity | 10/15 | €1,498,239 | €1,495,712 | -€2,526 | -0.2% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Capital | 10 | €62,221 | €62,221 | = | 0.0% |
| Issued capital | 100 | €62,221 | €62,221 | = | 0.0% |
| Reserves | 13 | €436,926 | €434,400 | -€2,526 | -0.6% |
| Non-distributable reserves | 130/1 | €6,222 | €6,222 | = | 0.0% |
| Legal reserve | 130 | €6,222 | €6,222 | = | 0.0% |
| Tax-exempt reserves | 132 | €292,226 | €278,946 | -€13,281 | -4.5% |
| Distributable reserves | 133 | €138,478 | €149,232 | +€10,754 | +7.8% |
| Profit (loss) carried forward | 14 | €999,091 | €999,091 | = | 0.0% |
| Provisions and deferred taxes | 16 | €94,027 | €89,795 | -€4,232 | -4.5% |
| Deferred taxes | 168 | €94,027 | €89,795 | -€4,232 | -4.5% |
| Amounts payable | 17/49 | €701,981 | €655,779 | -€46,202 | -6.6% |
| Amounts payable within one year | 42/48 | €671,158 | €637,061 | -€34,096 | -5.1% |
| Trade debts | 44 | €25,949 | €2,927 | -€23,022 | -88.7% |
| Suppliers | 440/4 | €25,949 | €2,927 | -€23,022 | -88.7% |
| Taxes, remuneration and social security | 45 | - | €1,075 | +€1,075 | |
| Taxes | 450/3 | - | €1,075 | +€1,075 | |
| Other amounts payable | 47/48 | €645,209 | €633,059 | -€12,150 | -1.9% |
| Accrued charges and deferred income | 492/3 | €30,823 | €18,718 | -€12,105 | -39.3% |
| Non-recurring operating income | 76A | - | €24,927 | +€24,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,730 | €26,531 | -€199 | -0.7% |
| Other operating charges | 640/8 | €34,085 | €35,575 | +€1,491 | +4.4% |
| Gross operating margin | 9900 | €51,691 | €69,296 | +€17,605 | +34.1% |
| Operating profit (loss) | 9901 | -€9,124 | €7,189 | +€16,313 | |
| Financial charges | 65/66B | €24,654 | €12,872 | -€11,782 | -47.8% |
| Recurring financial charges | 65 | €24,654 | €12,872 | -€11,782 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,778 | -€5,683 | +€28,095 | +83.2% |
| Transfer from deferred taxes | 780 | €4,232 | €4,232 | = | 0.0% |
| Income taxes | 67/77 | - | €1,075 | +€1,075 | |
| Profit (loss) for the period | 9904 | -€29,546 | -€2,526 | +€27,020 | +91.4% |
| Transfer from tax-exempt reserves | 789 | €13,281 | €13,281 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,265 | €10,754 | +€27,020 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.