WDC: 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.
WDC
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+413%), from €418,718 to €2.1m
- Cash -€371,603
down €371,603 (-93.0%), from €399,409 to €27,806
mainly Receivables within one year (-€1.7m) and Debts after one year (-€303,571)
- Reserves +€2.1m
up €2.1m (+81.8%), from €2.6m to €4.7m
- Debts after one year -€303,571
no longer reported in 2025 (was €303,571)
- Other debts -€290,527
down €290,527 (-64.1%), from €453,400 to €162,873
- Current portion of long-term debt -€71,429
no longer reported in 2025 (was €71,429)
- Financial income +€1.8m
up €1.8m (+675%), from €259,736 to €2.0m
- Gross operating margin -€538,481
down €538,481 (-79.3%), from €678,830 to €140,349
- Taxes -€120,436
down €120,436 (-78.1%), from €154,128 to €33,691
- Financial charges -€56,366
down €56,366 (-75.0%), from €75,168 to €18,802
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 | €3,510,417 | €4,874,534 | +€1.4m | +38.9% |
| Fixed assets | 21/28 | €2,687,033 | €2,687,033 | = | 0.0% |
| Financial fixed assets | 28 | €2,687,033 | €2,687,033 | = | 0.0% |
| Current assets | 29/58 | €823,385 | €2,187,501 | +€1.4m | +166% |
| Amounts receivable within one year | 40/41 | €418,718 | €2,148,498 | +€1.7m | +413% |
| Other amounts receivable | 41 | €418,718 | €2,148,498 | +€1.7m | +413% |
| Cash at bank and in hand | 54/58 | €399,409 | €27,806 | -€371,603 | -93.0% |
| Deferred charges and accrued income | 490/1 | €5,258 | €11,198 | +€5,940 | +113% |
| Total equity and liabilities | 10/49 | €3,510,417 | €4,874,534 | +€1.4m | +38.9% |
| Equity | 10/15 | €2,594,050 | €4,694,423 | +€2.1m | +81.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,569,050 | €4,669,423 | +€2.1m | +81.8% |
| Distributable reserves | 133 | €2,569,050 | €4,669,423 | +€2.1m | +81.8% |
| Amounts payable | 17/49 | €916,367 | €180,110 | -€736,257 | -80.3% |
| Amounts payable after more than one year | 17 | €303,571 | - | -€303,571 | |
| Financial debts | 170/4 | €303,571 | - | -€303,571 | |
| Amounts payable within one year | 42/48 | €587,134 | €178,250 | -€408,884 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €71,429 | - | -€71,429 | |
| Taxes, remuneration and social security | 45 | €62,305 | €15,377 | -€46,929 | -75.3% |
| Taxes | 450/3 | €62,305 | €15,377 | -€46,929 | -75.3% |
| Other amounts payable | 47/48 | €453,400 | €162,873 | -€290,527 | -64.1% |
| Accrued charges and deferred income | 492/3 | €25,662 | €1,860 | -€23,801 | -92.8% |
| Other operating charges | 640/8 | €2,316 | €1,399 | -€917 | -39.6% |
| Gross operating margin | 9900 | €678,830 | €140,349 | -€538,481 | -79.3% |
| Operating profit (loss) | 9901 | €676,514 | €138,950 | -€537,564 | -79.5% |
| Financial income | 75/76B | €259,736 | €2,013,916 | +€1.8m | +675% |
| Recurring financial income | 75 | €259,736 | €2,013,916 | +€1.8m | +675% |
| Financial charges | 65/66B | €75,168 | €18,802 | -€56,366 | -75.0% |
| Recurring financial charges | 65 | €75,168 | €18,802 | -€56,366 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €861,082 | €2,134,064 | +€1.3m | +148% |
| Income taxes | 67/77 | €154,128 | €33,691 | -€120,436 | -78.1% |
| Profit (loss) for the period | 9904 | €706,954 | €2,100,373 | +€1.4m | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €706,954 | €2,100,373 | +€1.4m | +197% |
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 15 October 2026 via checked.be.