W-DW Services: 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-DW Services
Largest movements
- Financial fixed assets +€136,834
up €136,834 (+6.5%), from €2.1m to €2.2m
- Deferred charges and accrued income -€56,798
down €56,798 (-69.0%), from €82,368 to €25,570
- Cash +€56,767
up €56,767 (+1,442%), from €3,938 to €60,705
mainly Net result for the year (+€173,849) and Tax, wage and social debts (+€127,930)
- Stocks and contracts -€37,290
down €37,290 (-26.6%), from €139,951 to €102,661
- Reserves +€173,075
new in 2025: €173,075
- Debts after one year -€169,779
down €169,779 (-14.4%), from €1.2m to €1.0m
of which Other amounts payable: -€148,504
- Tax, wage and social debts +€127,930
up €127,930 (+3,875%), from €3,301 to €131,231
- Trade debts -€27,064
down €27,064 (-80.1%), from €33,789 to €6,725
- Gross operating margin +€240,927
up €240,927 (+1,487%), from €16,198 to €257,125
- Taxes +€58,024
up €58,024 (+1,758%), from €3,301 to €61,326
- Financial income -€13,973
down €13,973 (-42.4%), from €32,975 to €19,002
- Financial charges -€8,701
down €8,701 (-37.7%), from €23,080 to €14,379
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 | €2,451,580 | €2,550,539 | +€98,959 | +4.0% |
| Fixed assets | 21/28 | €2,177,672 | €2,337,803 | +€160,130 | +7.4% |
| Tangible fixed assets | 22/27 | €84,881 | €108,178 | +€23,297 | +27.4% |
| Furniture and vehicles | 24 | €84,881 | €62,928 | -€21,953 | -25.9% |
| Other tangible fixed assets | 26 | - | €45,250 | +€45,250 | |
| Financial fixed assets | 28 | €2,092,791 | €2,229,625 | +€136,834 | +6.5% |
| Current assets | 29/58 | €273,908 | €212,737 | -€61,171 | -22.3% |
| Stocks and contracts in progress | 3 | €139,951 | €102,661 | -€37,290 | -26.6% |
| Stocks | 30/36 | €139,951 | €102,661 | -€37,290 | -26.6% |
| Amounts receivable within one year | 40/41 | €47,651 | €23,800 | -€23,851 | -50.1% |
| Trade receivables | 40 | €46,843 | €22,996 | -€23,847 | -50.9% |
| Other amounts receivable | 41 | €808 | €804 | -€4 | -0.5% |
| Cash at bank and in hand | 54/58 | €3,938 | €60,705 | +€56,767 | +1,442% |
| Deferred charges and accrued income | 490/1 | €82,368 | €25,570 | -€56,798 | -69.0% |
| Total equity and liabilities | 10/49 | €2,451,580 | €2,550,539 | +€98,959 | +4.0% |
| Equity | 10/15 | €1,198,674 | €1,373,075 | +€174,401 | +14.5% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | - | €173,075 | +€173,075 | |
| Distributable reserves | 133 | - | €173,075 | +€173,075 | |
| Profit (loss) carried forward | 14 | -€1,326 | €0 | +€1,326 | |
| Amounts payable | 17/49 | €1,252,906 | €1,177,465 | -€75,441 | -6.0% |
| Amounts payable after more than one year | 17 | €1,176,388 | €1,006,609 | -€169,779 | -14.4% |
| Financial debts | 170/4 | €60,756 | €39,480 | -€21,276 | -35.0% |
| Other amounts payable | 178/9 | €1,115,633 | €967,129 | -€148,504 | -13.3% |
| Amounts payable within one year | 42/48 | €57,483 | €159,879 | +€102,396 | +178% |
| Current portion of amounts payable after more than one year | 42 | €20,390 | €21,276 | +€886 | +4.3% |
| Financial debts | 43 | €3 | €647 | +€644 | +21,548% |
| Credit institutions | 430/8 | €3 | €647 | +€644 | +21,548% |
| Trade debts | 44 | €33,789 | €6,725 | -€27,064 | -80.1% |
| Suppliers | 440/4 | €33,789 | €6,725 | -€27,064 | -80.1% |
| Taxes, remuneration and social security | 45 | €3,301 | €131,231 | +€127,930 | +3,875% |
| Taxes | 450/3 | €3,301 | €131,231 | +€127,930 | +3,875% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €19,035 | €10,977 | -€8,058 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,347 | €23,523 | +€176 | +0.8% |
| Other operating charges | 640/8 | €1,554 | €3,050 | +€1,497 | +96.4% |
| Gross operating margin | 9900 | €16,198 | €257,125 | +€240,927 | +1,487% |
| Operating profit (loss) | 9901 | -€8,703 | €230,551 | +€239,253 | |
| Financial income | 75/76B | €32,975 | €19,002 | -€13,973 | -42.4% |
| Recurring financial income | 75 | €32,975 | €19,002 | -€13,973 | -42.4% |
| Financial charges | 65/66B | €23,080 | €14,379 | -€8,701 | -37.7% |
| Recurring financial charges | 65 | €23,080 | €14,379 | -€8,701 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €1,193 | €235,174 | +€233,981 | +19,611% |
| Income taxes | 67/77 | €3,301 | €61,326 | +€58,024 | +1,758% |
| Profit (loss) for the period | 9904 | -€2,108 | €173,849 | +€175,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,108 | €173,849 | +€175,957 |
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 27 October 2026 via checked.be.