W-VDB: what changed
Two fiscal 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-VDB
Largest movements
- Tangible fixed assets -€5,296
down €5,296 (-13.6%), from €39,081 to €33,785
of which Other tangible fixed assets: -€5,022
- Cash +€2,013
up €2,013 (+236.4%), from €852 to €2,865
mainly Net result for the year (+€10,157) and Depreciation (+€5,296)
- Receivables within one year +€1,404
up €1,404 (+121.1%), from €1,160 to €2,564
- Deferred charges and accrued income +€634
new in 2025: €634
- Profit (loss) carried forward +€10,157
up €10,157 (+40.2%), from -€25,268 to -€15,111
- Debts after one year -€7,798
down €7,798 (-30.7%), from €25,385 to €17,586
- Other debts -€4,148
down €4,148 (-13.6%), from €30,593 to €26,445
- Gross operating margin +€8,740
up €8,740 (+100.3%), from €8,715 to €17,455
- Financial charges -€188
down €188 (-17.0%), from €1,106 to €918
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 | €41,092 | €39,848 | -€1,245 | -3.0% |
| Fixed assets | 21/28 | €39,081 | €33,785 | -€5,296 | -13.6% |
| Tangible fixed assets | 22/27 | €39,081 | €33,785 | -€5,296 | -13.6% |
| Furniture and vehicles | 24 | €2,013 | €1,739 | -€274 | -13.6% |
| Other tangible fixed assets | 26 | €37,067 | €32,045 | -€5,022 | -13.5% |
| Current assets | 29/58 | €2,012 | €6,063 | +€4,051 | +201.4% |
| Amounts receivable within one year | 40/41 | €1,160 | €2,564 | +€1,404 | +121.1% |
| Trade receivables | 40 | €1,160 | €2,564 | +€1,404 | +121.1% |
| Cash at bank and in hand | 54/58 | €852 | €2,865 | +€2,013 | +236.4% |
| Deferred charges and accrued income | 490/1 | - | €634 | +€634 | |
| Total equity and liabilities | 10/49 | €41,092 | €39,848 | -€1,245 | -3.0% |
| Equity | 10/15 | -€23,268 | -€13,111 | +€10,157 | +43.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | -€25,268 | -€15,111 | +€10,157 | +40.2% |
| Amounts payable | 17/49 | €64,361 | €52,959 | -€11,402 | -17.7% |
| Amounts payable after more than one year | 17 | €25,385 | €17,586 | -€7,798 | -30.7% |
| Financial debts | 170/4 | €25,385 | €17,586 | -€7,798 | -30.7% |
| Amounts payable within one year | 42/48 | €38,476 | €34,873 | -€3,603 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €7,604 | €7,798 | +€194 | +2.6% |
| Trade debts | 44 | €279 | €552 | +€273 | +97.8% |
| Suppliers | 440/4 | €279 | €552 | +€273 | +97.8% |
| Taxes, remuneration and social security | 45 | - | €77 | +€77 | |
| Taxes | 450/3 | - | €77 | +€77 | |
| Other amounts payable | 47/48 | €30,593 | €26,445 | -€4,148 | -13.6% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,296 | €5,296 | = | 0.0% |
| Other operating charges | 640/8 | €1,012 | €1,114 | +€103 | +10.1% |
| Gross operating margin | 9900 | €8,715 | €17,455 | +€8,740 | +100.3% |
| Operating profit (loss) | 9901 | €2,407 | €11,044 | +€8,637 | +358.8% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €1,106 | €918 | -€188 | -17.0% |
| Recurring financial charges | 65 | €1,106 | €918 | -€188 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €1,301 | €10,157 | +€8,856 | +680.8% |
| Profit (loss) for the period | 9904 | €1,301 | €10,157 | +€8,856 | +680.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,301 | €10,157 | +€8,856 | +680.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.