WD Consult: 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.
WD Consult
Largest movements
- Current investments -€207,881
down €207,881 (-29.0%), from €715,971 to €508,090
- Cash +€67,875
up €67,875 (+13.6%), from €497,679 to €565,554
mainly Current investments (+€207,881) and Depreciation (+€43,505)
- Receivables within one year +€67,190
up €67,190 (+4.9%), from €1.4m to €1.4m
of which Other amounts receivable: +€67,093
- Tangible fixed assets -€39,759
down €39,759 (-3.8%), from €1.0m to €1.0m
of which Land and buildings: -€29,793
- Profit (loss) carried forward -€62,523
down €62,523 (-2.9%), from €2.1m to €2.1m
- Gross operating margin +€52,011
up €52,011, from -€45,026 to €6,985
- Financial income -€16,100
down €16,100 (-99.2%), from €16,233 to €133
- Financial charges -€2,278
down €2,278 (-10.2%), from €22,308 to €20,030
- Depreciation +€1,179
up €1,179 (+2.8%), from €42,325 to €43,505
- Other operating charges -€1,161
down €1,161 (-18.4%), from €6,295 to €5,134
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 | €3,628,565 | €3,538,997 | -€89,569 | -2.5% |
| Fixed assets | 21/28 | €1,042,613 | €1,002,854 | -€39,759 | -3.8% |
| Tangible fixed assets | 22/27 | €1,041,745 | €1,001,986 | -€39,759 | -3.8% |
| Land and buildings | 22 | €988,912 | €959,119 | -€29,793 | -3.0% |
| Plant, machinery and equipment | 23 | €25,666 | €23,941 | -€1,725 | -6.7% |
| Furniture and vehicles | 24 | €23,232 | €16,958 | -€6,273 | -27.0% |
| Other tangible fixed assets | 26 | €3,936 | €1,968 | -€1,968 | -50.0% |
| Financial fixed assets | 28 | €868 | €868 | = | 0.0% |
| Current assets | 29/58 | €2,585,953 | €2,536,143 | -€49,810 | -1.9% |
| Stocks and contracts in progress | 3 | - | €23,013 | +€23,013 | |
| Contracts in progress | 37 | - | €23,013 | +€23,013 | |
| Amounts receivable within one year | 40/41 | €1,367,487 | €1,434,676 | +€67,190 | +4.9% |
| Trade receivables | 40 | €2,904 | €3,001 | +€97 | +3.3% |
| Other amounts receivable | 41 | €1,364,583 | €1,431,676 | +€67,093 | +4.9% |
| Current investments | 50/53 | €715,971 | €508,090 | -€207,881 | -29.0% |
| Cash at bank and in hand | 54/58 | €497,679 | €565,554 | +€67,875 | +13.6% |
| Deferred charges and accrued income | 490/1 | €4,815 | €4,809 | -€6 | -0.1% |
| Total equity and liabilities | 10/49 | €3,628,565 | €3,538,997 | -€89,569 | -2.5% |
| Equity | 10/15 | €2,603,790 | €2,541,267 | -€62,523 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €468,720 | €468,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €465,000 | €465,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,122,670 | €2,060,147 | -€62,523 | -2.9% |
| Amounts payable | 17/49 | €1,024,776 | €997,730 | -€27,046 | -2.6% |
| Amounts payable after more than one year | 17 | €982,009 | €973,560 | -€8,449 | -0.9% |
| Financial debts | 170/4 | €982,009 | €973,560 | -€8,449 | -0.9% |
| Amounts payable within one year | 42/48 | €42,767 | €24,170 | -€18,597 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €25,063 | €17,667 | -€7,396 | -29.5% |
| Trade debts | 44 | €16,915 | €3,285 | -€13,630 | -80.6% |
| Suppliers | 440/4 | €16,915 | €3,285 | -€13,630 | -80.6% |
| Advances received on contracts in progress | 46 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €689 | €3,218 | +€2,529 | +367% |
| Taxes | 450/3 | €26 | €2,555 | +€2,529 | +9,822% |
| Remuneration and social security | 454/9 | €663 | €663 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,325 | €43,505 | +€1,179 | +2.8% |
| Other operating charges | 640/8 | €6,295 | €5,134 | -€1,161 | -18.4% |
| Gross operating margin | 9900 | -€45,026 | €6,985 | +€52,011 | |
| Operating profit (loss) | 9901 | -€93,647 | -€41,654 | +€51,993 | +55.5% |
| Financial income | 75/76B | €16,233 | €133 | -€16,100 | -99.2% |
| Recurring financial income | 75 | €16,233 | €133 | -€16,100 | -99.2% |
| Financial charges | 65/66B | €22,308 | €20,030 | -€2,278 | -10.2% |
| Recurring financial charges | 65 | €22,308 | €20,030 | -€2,278 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€99,722 | -€61,551 | +€38,171 | +38.3% |
| Income taxes | 67/77 | - | €972 | +€972 | |
| Profit (loss) for the period | 9904 | -€99,722 | -€62,523 | +€37,199 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,722 | -€62,523 | +€37,199 | +37.3% |
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 27 October 2026 via checked.be.