W.D. PARTNERS: 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. PARTNERS
Largest movements
- Current investments +€1.4m
new in 2025: €1.4m
- Cash -€161,985
down €161,985 (-81.0%), from €199,911 to €37,926
mainly Current investments (-€1.4m) and Other debts (-€141,586)
- Receivables within one year -€98,619
down €98,619 (-100.0%), from €98,623 to €4
of which Other amounts receivable: -€98,623
- Reserves +€1.2m
up €1.2m (+400%), from €290,648 to €1.5m
of which Distributable reserves: +€1.2m
- Other debts -€141,586
down €141,586 (-91.2%), from €155,174 to €13,588
- Tax, wage and social debts +€107,754
up €107,754 (+3,964%), from €2,718 to €110,473
of which Taxes: +€109,033
- Gross operating margin +€1.1m
up €1.1m (+1,279%), from €89,321 to €1.2m
- Taxes +€115,643
up €115,643 (+852%), from €13,580 to €129,223
- Financial income +€82,747
up €82,747 (+1,872,106%), from €4 to €82,751
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 | €617,524 | €1,737,501 | +€1.1m | +181% |
| Fixed assets | 21/28 | €317,762 | €294,810 | -€22,952 | -7.2% |
| Tangible fixed assets | 22/27 | €307,772 | €294,810 | -€12,962 | -4.2% |
| Land and buildings | 22 | €307,772 | €293,889 | -€13,883 | -4.5% |
| Plant, machinery and equipment | 23 | - | €921 | +€921 | |
| Financial fixed assets | 28 | €9,990 | - | -€9,990 | |
| Current assets | 29/58 | €299,762 | €1,442,690 | +€1.1m | +381% |
| Amounts receivable within one year | 40/41 | €98,623 | €4 | -€98,619 | -100.0% |
| Trade receivables | 40 | - | €4 | +€4 | |
| Other amounts receivable | 41 | €98,623 | - | -€98,623 | |
| Current investments | 50/53 | - | €1,395,980 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €199,911 | €37,926 | -€161,985 | -81.0% |
| Deferred charges and accrued income | 490/1 | €1,228 | €8,781 | +€7,553 | +615% |
| Total equity and liabilities | 10/49 | €617,524 | €1,737,501 | +€1.1m | +181% |
| Equity | 10/15 | €390,196 | €1,559,475 | +€1.2m | +300% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €290,648 | €1,453,275 | +€1.2m | +400% |
| Tax-exempt reserves | 132 | €150,264 | €141,715 | -€8,550 | -5.7% |
| Distributable reserves | 133 | €140,383 | €1,311,560 | +€1.2m | +834% |
| Profit (loss) carried forward | 14 | -€6,651 | - | +€6,651 | |
| Provisions and deferred taxes | 16 | €50,088 | €47,238 | -€2,850 | -5.7% |
| Deferred taxes | 168 | €50,088 | €47,238 | -€2,850 | -5.7% |
| Amounts payable | 17/49 | €177,239 | €130,787 | -€46,452 | -26.2% |
| Amounts payable within one year | 42/48 | €171,472 | €124,346 | -€47,125 | -27.5% |
| Trade debts | 44 | €1,479 | €286 | -€1,193 | -80.7% |
| Suppliers | 440/4 | €1,479 | €286 | -€1,193 | -80.7% |
| Advances received on contracts in progress | 46 | €12,100 | - | -€12,100 | |
| Taxes, remuneration and social security | 45 | €2,718 | €110,473 | +€107,754 | +3,964% |
| Taxes | 450/3 | €1,440 | €110,473 | +€109,033 | +7,574% |
| Remuneration and social security | 454/9 | €1,279 | - | -€1,279 | |
| Other amounts payable | 47/48 | €155,174 | €13,588 | -€141,586 | -91.2% |
| Accrued charges and deferred income | 492/3 | €5,767 | €6,441 | +€673 | +11.7% |
| Non-recurring operating income | 76A | €19,800 | €1,178,820 | +€1.2m | +5,854% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,883 | €13,978 | +€96 | +0.7% |
| Other operating charges | 640/8 | €2,788 | €2,514 | -€274 | -9.8% |
| Gross operating margin | 9900 | €89,321 | €1,231,545 | +€1.1m | +1,279% |
| Operating profit (loss) | 9901 | €72,650 | €1,215,053 | +€1.1m | +1,572% |
| Financial income | 75/76B | €4 | €82,751 | +€82,747 | +1,872,106% |
| Recurring financial income | 75 | €4 | €82,751 | +€82,747 | +1,872,106% |
| Financial charges | 65/66B | €3,955 | €2,153 | -€1,803 | -45.6% |
| Recurring financial charges | 65 | €3,955 | €2,153 | -€1,803 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €68,699 | €1,295,651 | +€1.2m | +1,786% |
| Transfer from deferred taxes | 780 | €2,850 | €2,850 | = | 0.0% |
| Income taxes | 67/77 | €13,580 | €129,223 | +€115,643 | +852% |
| Profit (loss) for the period | 9904 | €57,970 | €1,169,279 | +€1.1m | +1,917% |
| Transfer from tax-exempt reserves | 789 | €8,550 | €8,550 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,519 | €1,177,828 | +€1.1m | +1,671% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.