W.D.HS: 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.D.HS
Largest movements
- Receivables within one year -€32,960
down €32,960 (-12.6%), from €261,728 to €228,768
of which Other amounts receivable: -€47,428
- Deferred charges and accrued income +€5,100
new in 2025: €5,100
- Advances received -€113,725
no longer reported in 2025 (was €113,725)
- Trade debts +€36,072
up €36,072 (+99.4%), from €36,305 to €72,377
- Tax, wage and social debts +€27,484
up €27,484 (+650.5%), from €4,225 to €31,709
- Reserves +€18,500
new in 2025: €18,500
- Short-term financial debts +€6,452
new in 2025: €6,452
- Gross operating margin +€7,335
up €7,335 (+48.4%), from €15,152 to €22,487
- Taxes +€3,553
up €3,553 (+20900.0%), from €17 to €3,570
- Financial charges +€501
up €501 (+28.3%), from €1,769 to €2,270
- Other operating charges -€500
no longer reported in 2025 (was €500)
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.
Cash bridge derived
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 | €277,880 | €250,454 | -€27,426 | -9.9% |
| Fixed assets | 21/28 | €6,322 | €4,815 | -€1,507 | -23.8% |
| Intangible fixed assets | 21 | €1,540 | €1,216 | -€324 | -21.0% |
| Tangible fixed assets | 22/27 | €2,282 | €1,099 | -€1,183 | -51.8% |
| Plant, machinery and equipment | 23 | €2,282 | €1,099 | -€1,183 | -51.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €271,558 | €245,639 | -€25,919 | -9.5% |
| Amounts receivable within one year | 40/41 | €261,728 | €228,768 | -€32,960 | -12.6% |
| Trade receivables | 40 | €6,383 | €20,851 | +€14,468 | +226.7% |
| Other amounts receivable | 41 | €255,345 | €207,917 | -€47,428 | -18.6% |
| Cash at bank and in hand | 54/58 | €9,830 | €11,771 | +€1,941 | +19.7% |
| Deferred charges and accrued income | 490/1 | - | €5,100 | +€5,100 | |
| Total equity and liabilities | 10/49 | €277,880 | €250,454 | -€27,426 | -9.9% |
| Equity | 10/15 | €95,900 | €114,428 | +€18,528 | +19.3% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | - | €18,500 | +€18,500 | |
| Distributable reserves | 133 | - | €18,500 | +€18,500 | |
| Profit (loss) carried forward | 14 | €900 | €928 | +€28 | +3.1% |
| Amounts payable | 17/49 | €181,980 | €136,026 | -€45,954 | -25.3% |
| Amounts payable after more than one year | 17 | €7,187 | €4,086 | -€3,101 | -43.1% |
| Financial debts | 170/4 | €7,187 | €4,086 | -€3,101 | -43.1% |
| Amounts payable within one year | 42/48 | €174,793 | €131,940 | -€42,853 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €2,959 | €3,101 | +€142 | +4.8% |
| Financial debts | 43 | - | €6,452 | +€6,452 | |
| Credit institutions | 430/8 | - | €6,452 | +€6,452 | |
| Trade debts | 44 | €36,305 | €72,377 | +€36,072 | +99.4% |
| Suppliers | 440/4 | €36,305 | €72,377 | +€36,072 | +99.4% |
| Advances received on contracts in progress | 46 | €113,725 | - | -€113,725 | |
| Taxes, remuneration and social security | 45 | €4,225 | €31,709 | +€27,484 | +650.5% |
| Taxes | 450/3 | €4,225 | €31,709 | +€27,484 | +650.5% |
| Other amounts payable | 47/48 | €17,579 | €18,301 | +€722 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | €1,507 | +€213 | +16.5% |
| Other operating charges | 640/8 | €500 | - | -€500 | |
| Gross operating margin | 9900 | €15,152 | €22,487 | +€7,335 | +48.4% |
| Operating profit (loss) | 9901 | €13,358 | €20,980 | +€7,622 | +57.1% |
| Financial income | 75/76B | €6,752 | €6,638 | -€114 | -1.7% |
| Recurring financial income | 75 | €6,752 | €6,638 | -€114 | -1.7% |
| Financial charges | 65/66B | €1,769 | €2,270 | +€501 | +28.3% |
| Recurring financial charges | 65 | €1,769 | €2,270 | +€501 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €18,341 | €25,348 | +€7,007 | +38.2% |
| Income taxes | 67/77 | €17 | €3,570 | +€3,553 | +20900.0% |
| Profit (loss) for the period | 9904 | €18,324 | €21,778 | +€3,454 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,324 | €21,778 | +€3,454 | +18.8% |
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 10 October 2026 via checked.be.