WD FINANCE: what changed
WD FINANCE
Largest movements
- Tangible fixed assets +€43,875
up €43,875 (+6.3%), from €694,991 to €738,866
of which Land and buildings: +€23,628
- Cash -€32,871
down €32,871 (-17.7%), from €185,266 to €152,395
mainly Contributions, distributions and other (-€140,000) and Investment in fixed assets (net) (-€60,351)
- Deferred charges and accrued income -€26,431
down €26,431 (-74.8%), from €35,319 to €8,888
- Profit (loss) carried forward -€28,228
down €28,228 (-5.6%), from €504,297 to €476,069
- Debts after one year +€12,818
up €12,818 (+3.7%), from €344,432 to €357,250
- Other operating charges -€9,000
down €9,000 (-34.1%), from €26,390 to €17,389
- Financial income +€8,383
up €8,383 (+309%), from €2,709 to €11,092
- Taxes +€4,052
up €4,052 (+12.0%), from €33,896 to €37,948
- Depreciation +€2,658
up €2,658 (+19.2%), from €13,817 to €16,475
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €941,480 | €924,696 | -€16,784 | -1.8% |
| Fixed assets | 21/28 | €701,381 | €745,256 | +€43,875 | +6.3% |
| Tangible fixed assets | 22/27 | €694,991 | €738,866 | +€43,875 | +6.3% |
| Land and buildings | 22 | €694,991 | €718,619 | +€23,628 | +3.4% |
| Furniture and vehicles | 24 | - | €1,747 | +€1,747 | |
| Assets under construction and advance payments | 27 | - | €18,500 | +€18,500 | |
| Financial fixed assets | 28 | €6,390 | €6,390 | = | 0.0% |
| Current assets | 29/58 | €240,099 | €179,440 | -€60,659 | -25.3% |
| Amounts receivable within one year | 40/41 | €19,514 | €18,156 | -€1,358 | -7.0% |
| Other amounts receivable | 41 | €19,514 | €18,156 | -€1,358 | -7.0% |
| Cash at bank and in hand | 54/58 | €185,266 | €152,395 | -€32,871 | -17.7% |
| Deferred charges and accrued income | 490/1 | €35,319 | €8,888 | -€26,431 | -74.8% |
| Total equity and liabilities | 10/49 | €941,480 | €924,696 | -€16,784 | -1.8% |
| Equity | 10/15 | €524,757 | €496,529 | -€28,228 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €504,297 | €476,069 | -€28,228 | -5.6% |
| Amounts payable | 17/49 | €416,723 | €428,167 | +€11,444 | +2.7% |
| Amounts payable after more than one year | 17 | €344,432 | €357,250 | +€12,818 | +3.7% |
| Financial debts | 170/4 | €344,432 | €357,250 | +€12,818 | +3.7% |
| Amounts payable within one year | 42/48 | €72,291 | €70,917 | -€1,374 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €69,670 | €67,552 | -€2,118 | -3.0% |
| Trade debts | 44 | €2,621 | €1,414 | -€1,207 | -46.0% |
| Suppliers | 440/4 | €2,621 | €1,414 | -€1,207 | -46.0% |
| Other amounts payable | 47/48 | - | €1,951 | +€1,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,817 | €16,475 | +€2,658 | +19.2% |
| Other operating charges | 640/8 | €26,390 | €17,389 | -€9,000 | -34.1% |
| Gross operating margin | 9900 | €185,643 | €185,079 | -€563 | -0.3% |
| Operating profit (loss) | 9901 | €145,436 | €151,215 | +€5,779 | +4.0% |
| Financial income | 75/76B | €2,709 | €11,092 | +€8,383 | +309% |
| Recurring financial income | 75 | €2,709 | €11,092 | +€8,383 | +309% |
| Financial charges | 65/66B | €12,976 | €12,587 | -€389 | -3.0% |
| Recurring financial charges | 65 | €12,976 | €12,587 | -€389 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €135,169 | €149,720 | +€14,551 | +10.8% |
| Income taxes | 67/77 | €33,896 | €37,948 | +€4,052 | +12.0% |
| Profit (loss) for the period | 9904 | €101,273 | €111,772 | +€10,499 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,273 | €111,772 | +€10,499 | +10.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.