W & V Service: what changed
W & V Service
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Cash -€83,995
down €83,995 (-91.3%), from €91,999 to €8,004
mainly Current investments (-€90,000) and Tax, wage and social debts (-€3,736)
- Tangible fixed assets -€1,680
down €1,680 (-8.7%), from €19,240 to €17,560
- Reserves +€8,580
up €8,580 (+40.3%), from €21,310 to €29,890
of which Distributable reserves: +€8,580
- Tax, wage and social debts -€3,736
no longer reported in 2025 (was €3,736)
- Gross operating margin +€1,340
up €1,340 (+9.5%), from €14,133 to €15,473
- Taxes +€280
up €280 (+7.3%), from €3,814 to €4,094
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,306 | €116,150 | +€4,844 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,240 | €17,560 | -€1,680 | -8.7% |
| Tangible fixed assets | 22/27 | €19,240 | €17,560 | -€1,680 | -8.7% |
| Land and buildings | 22 | €19,240 | €17,560 | -€1,680 | -8.7% |
| Current assets | 29/58 | €92,066 | €98,590 | +€6,524 | +7.1% |
| Amounts receivable within one year | 40/41 | €67 | €586 | +€519 | +775% |
| Other amounts receivable | 41 | €67 | €586 | +€519 | +775% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €91,999 | €8,004 | -€83,995 | -91.3% |
| Total equity and liabilities | 10/49 | €111,306 | €116,150 | +€4,844 | +4.4% |
| Equity | 10/15 | €101,570 | €110,150 | +€8,580 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,310 | €29,890 | +€8,580 | +40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,450 | €28,030 | +€8,580 | +44.1% |
| Profit (loss) carried forward | 14 | €61,660 | €61,660 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,736 | - | -€3,736 | |
| Amounts payable within one year | 42/48 | €3,736 | - | -€3,736 | |
| Taxes, remuneration and social security | 45 | €3,736 | - | -€3,736 | |
| Taxes | 450/3 | €3,736 | - | -€3,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €1,680 | = | 0.0% |
| Other operating charges | 640/8 | €1,414 | €1,451 | +€37 | +2.6% |
| Gross operating margin | 9900 | €14,133 | €15,473 | +€1,340 | +9.5% |
| Operating profit (loss) | 9901 | €11,039 | €12,342 | +€1,303 | +11.8% |
| Financial income | 75/76B | €259 | €377 | +€117 | +45.2% |
| Recurring financial income | 75 | €259 | €377 | +€117 | +45.2% |
| Financial charges | 65/66B | €11 | €45 | +€34 | +300% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +300% |
| Profit (loss) for the period before taxes | 9903 | €11,288 | €12,674 | +€1,386 | +12.3% |
| Income taxes | 67/77 | €3,814 | €4,094 | +€280 | +7.3% |
| Profit (loss) for the period | 9904 | €7,474 | €8,580 | +€1,107 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,474 | €8,580 | +€1,107 | +14.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.