W.VDV: 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.VDV
Largest movements
- Stocks and contracts -€10,813
down €10,813 (-25.2%), from €42,851 to €32,038
- Tangible fixed assets -€701
down €701 (-47.8%), from €1,464 to €764
of which Plant, machinery and equipment: -€361
- Profit (loss) carried forward -€16,400
down €16,400 (-29.7%), from -€55,206 to -€71,606
- Other debts +€5,032
up €5,032 (+65.7%), from €7,662 to €12,694
- Tax, wage and social debts -€1,207
down €1,207 (-25.1%), from €4,805 to €3,598
- Trade debts +€995
up €995 (+50.2%), from €1,982 to €2,978
- Gross operating margin +€11,975
up €11,975 (+80.9%), from -€14,797 to -€2,822
- Taxes -€5,500
no longer reported in 2024 (was €5,500)
- Financial charges +€389
up €389 (+81.8%), from €475 to €863
- Other operating charges -€260
down €260 (-33.7%), from €772 to €512
- Depreciation -€152
down €152 (-17.8%), from €852 to €701
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,847 | €37,267 | -€11,580 | -23.7% |
| Fixed assets | 21/28 | €1,464 | €764 | -€701 | -47.8% |
| Tangible fixed assets | 22/27 | €1,464 | €764 | -€701 | -47.8% |
| Plant, machinery and equipment | 23 | €1,056 | €695 | -€361 | -34.2% |
| Furniture and vehicles | 24 | €409 | €69 | -€340 | -83.1% |
| Current assets | 29/58 | €47,382 | €36,503 | -€10,879 | -23.0% |
| Stocks and contracts in progress | 3 | €42,851 | €32,038 | -€10,813 | -25.2% |
| Stocks | 30/36 | €42,851 | €32,038 | -€10,813 | -25.2% |
| Amounts receivable within one year | 40/41 | €4,531 | €4,465 | -€66 | -1.5% |
| Trade receivables | 40 | €4,531 | €4,465 | -€66 | -1.5% |
| Total equity and liabilities | 10/49 | €48,847 | €37,267 | -€11,580 | -23.7% |
| Equity | 10/15 | €34,397 | €17,997 | -€16,400 | -47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,003 | €71,003 | = | 0.0% |
| 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 | €69,143 | €69,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,206 | -€71,606 | -€16,400 | -29.7% |
| Amounts payable | 17/49 | €14,449 | €19,270 | +€4,821 | +33.4% |
| Amounts payable within one year | 42/48 | €14,449 | €19,270 | +€4,821 | +33.4% |
| Trade debts | 44 | €1,982 | €2,978 | +€995 | +50.2% |
| Suppliers | 440/4 | €1,982 | €2,978 | +€995 | +50.2% |
| Taxes, remuneration and social security | 45 | €4,805 | €3,598 | -€1,207 | -25.1% |
| Taxes | 450/3 | €4,805 | €3,598 | -€1,207 | -25.1% |
| Other amounts payable | 47/48 | €7,662 | €12,694 | +€5,032 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €701 | -€152 | -17.8% |
| Other operating charges | 640/8 | €772 | €512 | -€260 | -33.7% |
| Gross operating margin | 9900 | -€14,797 | -€2,822 | +€11,975 | +80.9% |
| Operating profit (loss) | 9901 | -€16,422 | -€4,035 | +€12,387 | +75.4% |
| Financial charges | 65/66B | €475 | €863 | +€389 | +81.8% |
| Recurring financial charges | 65 | €475 | €863 | +€389 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,896 | -€4,898 | +€11,999 | +71.0% |
| Income taxes | 67/77 | €5,500 | - | -€5,500 | |
| Profit (loss) for the period | 9904 | -€22,396 | -€4,898 | +€17,499 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,396 | -€4,898 | +€17,499 | +78.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.