Wado Vastgoed: 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.
Wado Vastgoed
Largest movements
- Stocks and contracts +€2.9m
up €2.9m (+55.0%), from €5.3m to €8.1m
- Cash +€2.1m
up €2.1m (+47,925%), from €4,479 to €2.2m
mainly Short-term financial debts (+€4.6m) and Other debts (+€547,831)
- Receivables within one year +€593,031
up €593,031 (+2,553%), from €23,232 to €616,263
of which Trade receivables: +€613,591
- Short-term financial debts +€4.6m
up €4.6m (+164%), from €2.8m to €7.4m
- Other debts +€547,831
up €547,831 (+48.3%), from €1.1m to €1.7m
- Trade debts +€325,912
up €325,912 (+25.2%), from €1.3m to €1.6m
- Tax, wage and social debts +€130,876
new in 2025: €130,876
- Turnover +€5.9m
new in 2025: €5.9m
- Goods and materials +€3.6m
up €3.6m (+72.6%), from €4.9m to €8.4m
- Other operating income +€243,237
up €243,237 (+3,016%), from €8,065 to €251,302
- Financial charges +€158,441
up €158,441 (+118%), from €134,062 to €292,503
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 | €5,281,004 | €10,908,639 | +€5.6m | +107% |
| Current assets | 29/58 | €5,281,004 | €10,908,639 | +€5.6m | +107% |
| Stocks and contracts in progress | 3 | €5,253,293 | €8,141,526 | +€2.9m | +55.0% |
| Contracts in progress | 37 | €5,253,293 | €8,141,526 | +€2.9m | +55.0% |
| Amounts receivable within one year | 40/41 | €23,232 | €616,263 | +€593,031 | +2,553% |
| Trade receivables | 40 | €2,671 | €616,263 | +€613,591 | +22,969% |
| Other amounts receivable | 41 | €20,560 | - | -€20,560 | |
| Cash at bank and in hand | 54/58 | €4,479 | €2,150,850 | +€2.1m | +47,925% |
| Total equity and liabilities | 10/49 | €5,281,004 | €10,908,639 | +€5.6m | +107% |
| Equity | 10/15 | €56,305 | €67,523 | +€11,217 | +19.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €276 | +€276 | |
| Non-distributable reserves | 130/1 | - | €276 | +€276 | |
| Legal reserve | 130 | - | €276 | +€276 | |
| Profit (loss) carried forward | 14 | -€5,695 | €5,246 | +€10,941 | |
| Amounts payable | 17/49 | €5,224,699 | €10,841,116 | +€5.6m | +107% |
| Amounts payable within one year | 42/48 | €5,224,699 | €10,825,947 | +€5.6m | +107% |
| Financial debts | 43 | €2,795,036 | €7,391,665 | +€4.6m | +164% |
| Credit institutions | 430/8 | €2,795,036 | €7,391,665 | +€4.6m | +164% |
| Trade debts | 44 | €1,295,650 | €1,621,562 | +€325,912 | +25.2% |
| Suppliers | 440/4 | €1,295,650 | €1,621,562 | +€325,912 | +25.2% |
| Taxes, remuneration and social security | 45 | - | €130,876 | +€130,876 | |
| Taxes | 450/3 | - | €130,876 | +€130,876 | |
| Other amounts payable | 47/48 | €1,134,012 | €1,681,843 | +€547,831 | +48.3% |
| Accrued charges and deferred income | 492/3 | - | €15,170 | +€15,170 | |
| Operating income | 70/76A | €5,261,359 | €9,043,869 | +€3.8m | +71.9% |
| Turnover | 70 | - | €5,904,334 | +€5.9m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,253,293 | €2,888,233 | -€2.4m | -45.0% |
| Other operating income | 74 | €8,065 | €251,302 | +€243,237 | +3,016% |
| Operating charges | 60/66A | €5,132,992 | €8,738,322 | +€3.6m | +70.2% |
| Goods for resale, raw materials and consumables | 60 | €4,888,632 | €8,438,712 | +€3.6m | +72.6% |
| Purchases | 600/8 | €4,888,632 | €8,438,712 | +€3.6m | +72.6% |
| Services and other goods | 61 | €242,309 | €258,692 | +€16,383 | +6.8% |
| Other operating charges | 640/8 | €2,050 | €40,918 | +€38,868 | +1,896% |
| Operating profit (loss) | 9901 | €128,367 | €305,546 | +€177,179 | +138% |
| Financial income | 75/76B | - | €184 | +€184 | |
| Recurring financial income | 75 | - | €184 | +€184 | |
| Other financial income | 752/9 | - | €184 | +€184 | |
| Financial charges | 65/66B | €134,062 | €292,503 | +€158,441 | +118% |
| Recurring financial charges | 65 | €134,062 | €292,503 | +€158,441 | +118% |
| Debt charges | 650 | €121,748 | €247,486 | +€125,738 | +103% |
| Other financial charges | 652/9 | €12,313 | €45,017 | +€32,704 | +266% |
| Profit (loss) for the period before taxes | 9903 | -€5,695 | €13,228 | +€18,922 | |
| Income taxes | 67/77 | - | €2,010 | +€2,010 | |
| Taxes | 670/3 | - | €2,010 | +€2,010 | |
| Profit (loss) for the period | 9904 | -€5,695 | €11,217 | +€16,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,695 | €11,217 | +€16,912 |
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 26 October 2026 via checked.be.