WD Properties: 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 Properties
Largest movements
- Tangible fixed assets +€132,753
up €132,753 (+15.3%), from €866,998 to €999,751
of which Assets under construction and advance payments: +€170,663
- Cash -€13,860
down €13,860 (-98.3%), from €14,106 to €246
mainly Investment in fixed assets (net) (-€172,463) and Receivables within one year (-€10,458)
- Receivables within one year +€10,458
up €10,458 (+12890.3%), from €81 to €10,539
of which Trade receivables: +€10,453
- Debts after one year +€80,937
up €80,937 (+10.3%), from €784,850 to €865,787
of which Financial debts: +€80,937
- Current portion of long-term debt +€19,719
up €19,719 (+81.0%), from €24,334 to €44,053
- Trade debts +€17,069
up €17,069 (+335.0%), from €5,096 to €22,165
- Gross operating margin +€49,390
up €49,390 (+160.0%), from €30,859 to €80,249
- Depreciation +€24,242
up €24,242 (+156.7%), from €15,468 to €39,710
- Financial charges +€20,543
up €20,543 (+199.2%), from €10,313 to €30,857
- Other operating charges +€2,225
up €2,225 (+71.1%), from €3,129 to €5,354
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.
Cash bridge derived
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 | €891,499 | €1,012,024 | +€120,525 | +13.5% |
| Fixed assets | 21/28 | €866,998 | €999,751 | +€132,753 | +15.3% |
| Tangible fixed assets | 22/27 | €866,998 | €999,751 | +€132,753 | +15.3% |
| Land and buildings | 22 | €866,998 | €827,588 | -€39,410 | -4.5% |
| Plant, machinery and equipment | 23 | - | €1,500 | +€1,500 | |
| Assets under construction and advance payments | 27 | - | €170,663 | +€170,663 | |
| Current assets | 29/58 | €24,501 | €12,273 | -€12,228 | -49.9% |
| Amounts receivable within one year | 40/41 | €81 | €10,539 | +€10,458 | +12890.3% |
| Trade receivables | 40 | €81 | €10,534 | +€10,453 | +12884.6% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €14,106 | €246 | -€13,860 | -98.3% |
| Deferred charges and accrued income | 490/1 | €10,314 | €1,488 | -€8,826 | -85.6% |
| Total equity and liabilities | 10/49 | €891,499 | €1,012,024 | +€120,525 | +13.5% |
| Equity | 10/15 | €43,982 | €48,310 | +€4,328 | +9.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,018 | -€1,690 | +€4,328 | +71.9% |
| Amounts payable | 17/49 | €847,517 | €963,713 | +€116,197 | +13.7% |
| Amounts payable after more than one year | 17 | €784,850 | €865,787 | +€80,937 | +10.3% |
| Financial debts | 170/4 | €684,850 | €765,787 | +€80,937 | +11.8% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,667 | €97,926 | +€35,259 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €24,334 | €44,053 | +€19,719 | +81.0% |
| Trade debts | 44 | €5,096 | €22,165 | +€17,069 | +335.0% |
| Suppliers | 440/4 | €5,096 | €22,165 | +€17,069 | +335.0% |
| Taxes, remuneration and social security | 45 | €487 | €5,408 | +€4,921 | +1010.5% |
| Taxes | 450/3 | €487 | €5,408 | +€4,921 | +1010.5% |
| Other amounts payable | 47/48 | €32,750 | €26,300 | -€6,450 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,468 | €39,710 | +€24,242 | +156.7% |
| Other operating charges | 640/8 | €3,129 | €5,354 | +€2,225 | +71.1% |
| Gross operating margin | 9900 | €30,859 | €80,249 | +€49,390 | +160.0% |
| Operating profit (loss) | 9901 | €12,262 | €35,185 | +€22,923 | +186.9% |
| Financial charges | 65/66B | €10,313 | €30,857 | +€20,543 | +199.2% |
| Recurring financial charges | 65 | €10,313 | €30,857 | +€20,543 | +199.2% |
| Profit (loss) for the period before taxes | 9903 | €1,948 | €4,328 | +€2,380 | +122.1% |
| Profit (loss) for the period | 9904 | €1,948 | €4,328 | +€2,380 | +122.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,948 | €4,328 | +€2,380 | +122.1% |
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 11 October 2026 via checked.be.