WDB CONSTRUCT: what changed
Two fiscal 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.
WDB CONSTRUCT
Largest movements
- Tangible fixed assets -€31,266
down €31,266 (-7.4%), from €420,287 to €389,020
of which Leasing and similar rights: -€31,687
- Debts after one year -€17,298
down €17,298 (-5.4%), from €321,617 to €304,319
- Other debts -€11,502
down €11,502 (-27.7%), from €41,497 to €29,994
- Current portion of long-term debt +€10,816
up €10,816 (+19.2%), from €56,359 to €67,175
- Short-term financial debts -€8,318
down €8,318 (-83.2%), from €10,000 to €1,682
- Gross operating margin -€27,165
down €27,165 (-25.4%), from €106,787 to €79,622
- Depreciation +€15,178
up €15,178 (+35.0%), from €43,402 to €58,580
- Taxes -€7,088
down €7,088 (-86.6%), from €8,184 to €1,096
- Other operating charges -€6,882
down €6,882 (-61.1%), from €11,260 to €4,378
- Financial charges +€5,981
up €5,981 (+69.1%), from €8,654 to €14,636
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 | €490,159 | €463,668 | -€26,490 | -5.4% |
| Fixed assets | 21/28 | €420,457 | €389,190 | -€31,266 | -7.4% |
| Tangible fixed assets | 22/27 | €420,287 | €389,020 | -€31,266 | -7.4% |
| Land and buildings | 22 | €291,221 | €272,549 | -€18,672 | -6.4% |
| Plant, machinery and equipment | 23 | €9,401 | €32,686 | +€23,285 | +247.7% |
| Furniture and vehicles | 24 | €13,284 | €9,091 | -€4,193 | -31.6% |
| Leasing and similar rights | 25 | €106,381 | €74,695 | -€31,687 | -29.8% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €69,702 | €74,478 | +€4,776 | +6.9% |
| Stocks and contracts in progress | 3 | €12,188 | €14,257 | +€2,068 | +17.0% |
| Stocks | 30/36 | €12,188 | €12,257 | +€68 | +0.6% |
| Contracts in progress | 37 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €20,258 | €23,597 | +€3,339 | +16.5% |
| Trade receivables | 40 | €15,087 | €20,154 | +€5,066 | +33.6% |
| Other amounts receivable | 41 | €5,171 | €3,444 | -€1,727 | -33.4% |
| Cash at bank and in hand | 54/58 | €36,327 | €35,304 | -€1,023 | -2.8% |
| Deferred charges and accrued income | 490/1 | €929 | €1,320 | +€391 | +42.1% |
| Total equity and liabilities | 10/49 | €490,159 | €463,668 | -€26,490 | -5.4% |
| Equity | 10/15 | €39,206 | €40,287 | +€1,081 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,206 | €19,206 | = | 0.0% |
| Distributable reserves | 133 | €19,206 | €19,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,081 | +€1,081 | |
| Amounts payable | 17/49 | €450,953 | €423,381 | -€27,572 | -6.1% |
| Amounts payable after more than one year | 17 | €321,617 | €304,319 | -€17,298 | -5.4% |
| Financial debts | 170/4 | €321,617 | €304,319 | -€17,298 | -5.4% |
| Amounts payable within one year | 42/48 | €129,336 | €118,884 | -€10,452 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €56,359 | €67,175 | +€10,816 | +19.2% |
| Financial debts | 43 | €10,000 | €1,682 | -€8,318 | -83.2% |
| Credit institutions | 430/8 | €10,000 | €1,682 | -€8,318 | -83.2% |
| Trade debts | 44 | €19,281 | €17,007 | -€2,273 | -11.8% |
| Suppliers | 440/4 | €19,281 | €17,007 | -€2,273 | -11.8% |
| Taxes, remuneration and social security | 45 | €2,200 | €3,026 | +€827 | +37.6% |
| Taxes | 450/3 | €121 | €933 | +€812 | +673.6% |
| Remuneration and social security | 454/9 | €2,079 | €2,093 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €41,497 | €29,994 | -€11,502 | -27.7% |
| Accrued charges and deferred income | 492/3 | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,402 | €58,580 | +€15,178 | +35.0% |
| Other operating charges | 640/8 | €11,260 | €4,378 | -€6,882 | -61.1% |
| Gross operating margin | 9900 | €106,787 | €79,622 | -€27,165 | -25.4% |
| Operating profit (loss) | 9901 | €52,125 | €16,664 | -€35,461 | -68.0% |
| Financial income | 75/76B | €3 | €149 | +€146 | +5149.6% |
| Recurring financial income | 75 | €3 | €149 | +€146 | +5149.6% |
| Financial charges | 65/66B | €8,654 | €14,636 | +€5,981 | +69.1% |
| Recurring financial charges | 65 | €8,654 | €14,636 | +€5,981 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €43,473 | €2,178 | -€41,296 | -95.0% |
| Income taxes | 67/77 | €8,184 | €1,096 | -€7,088 | -86.6% |
| Profit (loss) for the period | 9904 | €35,289 | €1,081 | -€34,208 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,289 | €1,081 | -€34,208 | -96.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.