WD Project: 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 Project
Largest movements
- Cash +€42,324
up €42,324 (+645%), from €6,559 to €48,883
mainly Net result for the year (+€24,677) and Tax, wage and social debts (+€6,866)
- Receivables within one year -€5,013
down €5,013 (-62.9%), from €7,970 to €2,958
of which Trade receivables: -€6,126
- Tangible fixed assets +€1,901
up €1,901 (+162%), from €1,171 to €3,071
of which Plant, machinery and equipment: +€1,240
- Reserves +€24,677
up €24,677 (+917%), from €2,692 to €27,369
- Tax, wage and social debts +€6,866
up €6,866 (+215%), from €3,200 to €10,066
of which Taxes: +€6,866
- Other debts +€6,362
up €6,362 (+435%), from €1,462 to €7,824
- Advances received +€2,800
new in 2025: €2,800
- Trade debts -€1,518
down €1,518 (-45.4%), from €3,346 to €1,828
- Gross operating margin +€29,992
up €29,992 (+876%), from €3,425 to €33,418
- Taxes +€5,475
up €5,475 (+782%), from €700 to €6,175
- Other operating charges +€1,324
new in 2025: €1,324
- Depreciation +€1,210
up €1,210 (+3,619%), from €33 to €1,243
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 | €15,700 | €54,912 | +€39,212 | +250% |
| Fixed assets | 21/28 | €1,171 | €3,071 | +€1,901 | +162% |
| Tangible fixed assets | 22/27 | €1,171 | €3,071 | +€1,901 | +162% |
| Plant, machinery and equipment | 23 | €1,171 | €2,411 | +€1,240 | +106% |
| Furniture and vehicles | 24 | - | €661 | +€661 | |
| Current assets | 29/58 | €14,529 | €51,841 | +€37,312 | +257% |
| Amounts receivable within one year | 40/41 | €7,970 | €2,958 | -€5,013 | -62.9% |
| Trade receivables | 40 | €7,932 | €1,806 | -€6,126 | -77.2% |
| Other amounts receivable | 41 | €39 | €1,152 | +€1,113 | +2,866% |
| Cash at bank and in hand | 54/58 | €6,559 | €48,883 | +€42,324 | +645% |
| Total equity and liabilities | 10/49 | €15,700 | €54,912 | +€39,212 | +250% |
| Equity | 10/15 | €7,692 | €32,369 | +€24,677 | +321% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,692 | €27,369 | +€24,677 | +917% |
| Distributable reserves | 133 | €2,692 | €27,369 | +€24,677 | +917% |
| Amounts payable | 17/49 | €8,008 | €22,544 | +€14,536 | +182% |
| Amounts payable within one year | 42/48 | €8,008 | €22,518 | +€14,510 | +181% |
| Trade debts | 44 | €3,346 | €1,828 | -€1,518 | -45.4% |
| Suppliers | 440/4 | €3,346 | €1,828 | -€1,518 | -45.4% |
| Advances received on contracts in progress | 46 | - | €2,800 | +€2,800 | |
| Taxes, remuneration and social security | 45 | €3,200 | €10,066 | +€6,866 | +215% |
| Taxes | 450/3 | €700 | €7,566 | +€6,866 | +981% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,462 | €7,824 | +€6,362 | +435% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | - | €139 | +€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €1,243 | +€1,210 | +3,619% |
| Other operating charges | 640/8 | - | €1,324 | +€1,324 | |
| Gross operating margin | 9900 | €3,425 | €33,418 | +€29,992 | +876% |
| Operating profit (loss) | 9901 | €3,392 | €30,712 | +€27,320 | +805% |
| Financial income | 75/76B | - | €148 | +€148 | |
| Recurring financial income | 75 | - | €148 | +€148 | |
| Financial charges | 65/66B | - | €8 | +€8 | |
| Recurring financial charges | 65 | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | €3,392 | €30,852 | +€27,460 | +810% |
| Income taxes | 67/77 | €700 | €6,175 | +€5,475 | +782% |
| Profit (loss) for the period | 9904 | €2,692 | €24,677 | +€21,985 | +817% |
| Profit (loss) for the period to be appropriated | 9905 | €2,692 | €24,677 | +€21,985 | +817% |
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 14 October 2026 via checked.be.