WBD Enterprises: 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.
WBD Enterprises
Largest movements
- Cash +€74,618
up €74,618 (+384%), from €19,433 to €94,051
mainly Net result for the year (+€85,340) and Depreciation (+€34,174)
- Tangible fixed assets -€16,313
down €16,313 (-2.4%), from €667,646 to €651,334
of which Land and buildings: -€11,796
- Reserves +€85,340
up €85,340 (+406%), from €21,045 to €106,384
- Debts after one year -€34,272
down €34,272 (-6.4%), from €532,502 to €498,230
- Current portion of long-term debt +€15,889
up €15,889 (+47.9%), from €33,146 to €49,036
- Other debts -€13,685
down €13,685 (-18.1%), from €75,671 to €61,985
- Tax, wage and social debts +€11,455
up €11,455 (+160%), from €7,144 to €18,599
- Gross operating margin +€99,900
up €99,900 (+125%), from €79,997 to €179,897
- Taxes +€28,457
up €28,457 (+1,591%), from €1,789 to €30,245
- Depreciation +€2,793
up €2,793 (+8.9%), from €31,381 to €34,174
- Financial charges -€2,583
down €2,583 (-9.5%), from €27,098 to €24,515
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 | €697,363 | €750,120 | +€52,758 | +7.6% |
| Fixed assets | 21/28 | €669,984 | €652,671 | -€17,313 | -2.6% |
| Intangible fixed assets | 21 | €2,337 | €1,337 | -€1,000 | -42.8% |
| Tangible fixed assets | 22/27 | €667,646 | €651,334 | -€16,313 | -2.4% |
| Land and buildings | 22 | €648,051 | €636,254 | -€11,796 | -1.8% |
| Plant, machinery and equipment | 23 | €16,300 | €12,632 | -€3,667 | -22.5% |
| Furniture and vehicles | 24 | €3,296 | €2,447 | -€849 | -25.8% |
| Current assets | 29/58 | €27,379 | €97,449 | +€70,070 | +256% |
| Amounts receivable within one year | 40/41 | €7,633 | €3,398 | -€4,235 | -55.5% |
| Trade receivables | 40 | €7,633 | €3,398 | -€4,235 | -55.5% |
| Cash at bank and in hand | 54/58 | €19,433 | €94,051 | +€74,618 | +384% |
| Deferred charges and accrued income | 490/1 | €313 | - | -€313 | |
| Total equity and liabilities | 10/49 | €697,363 | €750,120 | +€52,758 | +7.6% |
| Equity | 10/15 | €26,045 | €111,384 | +€85,340 | +328% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,045 | €106,384 | +€85,340 | +406% |
| Distributable reserves | 133 | €21,045 | €106,384 | +€85,340 | +406% |
| Amounts payable | 17/49 | €671,318 | €638,736 | -€32,582 | -4.9% |
| Amounts payable after more than one year | 17 | €532,502 | €498,230 | -€34,272 | -6.4% |
| Financial debts | 170/4 | €532,502 | €498,230 | -€34,272 | -6.4% |
| Amounts payable within one year | 42/48 | €132,819 | €135,827 | +€3,009 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €33,146 | €49,036 | +€15,889 | +47.9% |
| Trade debts | 44 | €16,857 | €6,206 | -€10,651 | -63.2% |
| Suppliers | 440/4 | €16,857 | €6,206 | -€10,651 | -63.2% |
| Taxes, remuneration and social security | 45 | €7,144 | €18,599 | +€11,455 | +160% |
| Taxes | 450/3 | €7,144 | €18,599 | +€11,455 | +160% |
| Other amounts payable | 47/48 | €75,671 | €61,985 | -€13,685 | -18.1% |
| Accrued charges and deferred income | 492/3 | €5,998 | €4,679 | -€1,319 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,381 | €34,174 | +€2,793 | +8.9% |
| Other operating charges | 640/8 | €5,921 | €5,691 | -€230 | -3.9% |
| Gross operating margin | 9900 | €79,997 | €179,897 | +€99,900 | +125% |
| Operating profit (loss) | 9901 | €42,696 | €140,032 | +€97,337 | +228% |
| Financial income | 75/76B | €316 | €68 | -€248 | -78.6% |
| Recurring financial income | 75 | €316 | €68 | -€248 | -78.6% |
| Financial charges | 65/66B | €27,098 | €24,515 | -€2,583 | -9.5% |
| Recurring financial charges | 65 | €27,098 | €24,515 | -€2,583 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €15,914 | €115,585 | +€99,671 | +626% |
| Income taxes | 67/77 | €1,789 | €30,245 | +€28,457 | +1,591% |
| Profit (loss) for the period | 9904 | €14,125 | €85,340 | +€71,215 | +504% |
| Profit (loss) for the period to be appropriated | 9905 | €14,125 | €85,340 | +€71,215 | +504% |
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 17 October 2026 via checked.be.