W.V. HOLDING: 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.V. HOLDING
Largest movements
- Current investments -€220,000
no longer reported in 2025 (was €220,000)
- Tangible fixed assets +€147,034
up €147,034 (+243%), from €60,529 to €207,563
of which Plant, machinery and equipment: +€81,155
- Receivables within one year +€112,391
up €112,391 (+2,039,766%), from €6 to €112,397
of which Trade receivables: +€78,334
- Cash -€39,302
down €39,302 (-79.7%), from €49,314 to €10,012
mainly Investment in fixed assets (net) (-€183,052) and Net result for the year (-€117,336)
- Financial fixed assets +€3,600
up €3,600 (+1,800%), from €200 to €3,800
- Profit (loss) carried forward -€117,336
down €117,336 (-43.3%), from €271,028 to €153,691
- Debts after one year +€65,859
new in 2025: €65,859
- Trade debts +€45,733
up €45,733 (+303%), from €15,103 to €60,836
- Accrued charges and deferred income +€17,896
up €17,896 (+3,480%), from €514 to €18,410
- Current portion of long-term debt +€16,936
new in 2025: €16,936
- Financial income -€259,725
down €259,725 (-98.9%), from €262,500 to €2,775
of which Non-recurring financial income: -€262,500
- Gross operating margin -€92,693
down €92,693, from €10,290 to -€82,403
- Depreciation +€31,583
up €31,583 (+3,783%), from €835 to €32,418
- Financial charges +€2,569
up €2,569 (+1,035%), from €248 to €2,817
- Taxes -€1,729
down €1,729 (-90.5%), from €1,911 to €182
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 | €330,049 | €337,100 | +€7,051 | +2.1% |
| Fixed assets | 21/28 | €60,729 | €211,363 | +€150,634 | +248% |
| Tangible fixed assets | 22/27 | €60,529 | €207,563 | +€147,034 | +243% |
| Plant, machinery and equipment | 23 | €13,616 | €94,770 | +€81,155 | +596% |
| Furniture and vehicles | 24 | €44,637 | €44,574 | -€62 | -0.1% |
| Other tangible fixed assets | 26 | €2,277 | €68,219 | +€65,942 | +2,896% |
| Financial fixed assets | 28 | €200 | €3,800 | +€3,600 | +1,800% |
| Current assets | 29/58 | €269,320 | €125,736 | -€143,583 | -53.3% |
| Stocks and contracts in progress | 3 | - | €3,074 | +€3,074 | |
| Stocks | 30/36 | - | €3,074 | +€3,074 | |
| Amounts receivable within one year | 40/41 | €6 | €112,397 | +€112,391 | +2,039,766% |
| Trade receivables | 40 | - | €78,334 | +€78,334 | |
| Other amounts receivable | 41 | €6 | €34,062 | +€34,057 | +618,092% |
| Current investments | 50/53 | €220,000 | - | -€220,000 | |
| Cash at bank and in hand | 54/58 | €49,314 | €10,012 | -€39,302 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €254 | +€254 | |
| Total equity and liabilities | 10/49 | €330,049 | €337,100 | +€7,051 | +2.1% |
| Equity | 10/15 | €289,985 | €172,649 | -€117,336 | -40.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357 | €357 | = | 0.0% |
| Distributable reserves | 133 | €357 | €357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,028 | €153,691 | -€117,336 | -43.3% |
| Amounts payable | 17/49 | €40,064 | €164,451 | +€124,387 | +310% |
| Amounts payable after more than one year | 17 | - | €65,859 | +€65,859 | |
| Financial debts | 170/4 | - | €65,859 | +€65,859 | |
| Amounts payable within one year | 42/48 | €39,550 | €80,183 | +€40,633 | +103% |
| Current portion of amounts payable after more than one year | 42 | - | €16,936 | +€16,936 | |
| Trade debts | 44 | €15,103 | €60,836 | +€45,733 | +303% |
| Suppliers | 440/4 | €15,103 | €60,836 | +€45,733 | +303% |
| Taxes, remuneration and social security | 45 | €11,941 | €1,911 | -€10,030 | -84.0% |
| Taxes | 450/3 | €11,941 | €1,911 | -€10,030 | -84.0% |
| Other amounts payable | 47/48 | €12,506 | €500 | -€12,006 | -96.0% |
| Accrued charges and deferred income | 492/3 | €514 | €18,410 | +€17,896 | +3,480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €32,418 | +€31,583 | +3,783% |
| Other operating charges | 640/8 | €566 | €2,291 | +€1,725 | +305% |
| Gross operating margin | 9900 | €10,290 | -€82,403 | -€92,693 | |
| Operating profit (loss) | 9901 | €8,889 | -€117,113 | -€126,001 | |
| Financial income | 75/76B | €262,500 | €2,775 | -€259,725 | -98.9% |
| Recurring financial income | 75 | €262,500 | €2,775 | -€259,725 | -98.9% |
| Non-recurring financial income | 76B | €262,500 | - | -€262,500 | |
| Financial charges | 65/66B | €248 | €2,817 | +€2,569 | +1,035% |
| Recurring financial charges | 65 | €248 | €2,817 | +€2,569 | +1,035% |
| Profit (loss) for the period before taxes | 9903 | €271,141 | -€117,154 | -€388,295 | |
| Income taxes | 67/77 | €1,911 | €182 | -€1,729 | -90.5% |
| Profit (loss) for the period | 9904 | €269,230 | -€117,336 | -€386,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €269,230 | -€117,336 | -€386,566 |
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 30 October 2026 via checked.be.