WDC Conseils: 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 Conseils
Largest movements
- Tangible fixed assets +€87,422
up €87,422 (+26.8%), from €325,926 to €413,348
of which Assets under construction and advance payments: +€87,905
- Receivables within one year -€39,946
down €39,946 (-30.6%), from €130,540 to €90,595
of which Trade receivables: -€44,164
- Reserves +€65,000
up €65,000 (+27.3%), from €238,000 to €303,000
- Tax, wage and social debts -€36,811
down €36,811 (-71.9%), from €51,196 to €14,385
of which Taxes: -€38,311
- Debts after one year +€15,000
up €15,000 (+4.2%), from €353,376 to €368,376
- Trade debts +€11,507
up €11,507 (+191%), from €6,031 to €17,538
- Other debts -€7,516
down €7,516 (-69.2%), from €10,856 to €3,341
- Depreciation -€42,378
down €42,378 (-98.9%), from €42,861 to €483
- Gross operating margin -€18,352
down €18,352 (-15.4%), from €119,149 to €100,797
- Other operating charges +€3,931
up €3,931 (+104%), from €3,782 to €7,713
- Financial charges +€2,009
up €2,009 (+335%), from €600 to €2,609
- Taxes -€1,425
down €1,425 (-5.9%), from €24,207 to €22,782
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 | €665,841 | €714,602 | +€48,761 | +7.3% |
| Fixed assets | 21/28 | €325,926 | €413,348 | +€87,422 | +26.8% |
| Tangible fixed assets | 22/27 | €325,926 | €413,348 | +€87,422 | +26.8% |
| Land and buildings | 22 | €300,000 | €300,000 | = | 0.0% |
| Furniture and vehicles | 24 | €598 | €115 | -€483 | -80.8% |
| Assets under construction and advance payments | 27 | €25,328 | €113,233 | +€87,905 | +347% |
| Current assets | 29/58 | €339,915 | €301,254 | -€38,661 | -11.4% |
| Amounts receivable after more than one year | 29 | €40,865 | €38,615 | -€2,250 | -5.5% |
| Other amounts receivable | 291 | €40,865 | €38,615 | -€2,250 | -5.5% |
| Amounts receivable within one year | 40/41 | €130,540 | €90,595 | -€39,946 | -30.6% |
| Trade receivables | 40 | €125,583 | €81,419 | -€44,164 | -35.2% |
| Other amounts receivable | 41 | €4,957 | €9,175 | +€4,218 | +85.1% |
| Cash at bank and in hand | 54/58 | €167,747 | €168,201 | +€454 | +0.3% |
| Deferred charges and accrued income | 490/1 | €763 | €3,843 | +€3,080 | +404% |
| Total equity and liabilities | 10/49 | €665,841 | €714,602 | +€48,761 | +7.3% |
| Equity | 10/15 | €244,381 | €310,962 | +€66,581 | +27.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €238,000 | €303,000 | +€65,000 | +27.3% |
| Distributable reserves | 133 | €238,000 | €303,000 | +€65,000 | +27.3% |
| Profit (loss) carried forward | 14 | €2,381 | €3,962 | +€1,581 | +66.4% |
| Amounts payable | 17/49 | €421,460 | €403,640 | -€17,820 | -4.2% |
| Amounts payable after more than one year | 17 | €353,376 | €368,376 | +€15,000 | +4.2% |
| Other amounts payable | 178/9 | €353,376 | €368,376 | +€15,000 | +4.2% |
| Amounts payable within one year | 42/48 | €68,084 | €35,264 | -€32,820 | -48.2% |
| Trade debts | 44 | €6,031 | €17,538 | +€11,507 | +191% |
| Suppliers | 440/4 | €6,031 | €17,538 | +€11,507 | +191% |
| Taxes, remuneration and social security | 45 | €51,196 | €14,385 | -€36,811 | -71.9% |
| Taxes | 450/3 | €51,196 | €12,885 | -€38,311 | -74.8% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €10,856 | €3,341 | -€7,516 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,861 | €483 | -€42,378 | -98.9% |
| Other operating charges | 640/8 | €3,782 | €7,713 | +€3,931 | +104% |
| Non-recurring operating charges | 66A | - | €1,152 | +€1,152 | |
| Gross operating margin | 9900 | €119,149 | €100,797 | -€18,352 | -15.4% |
| Operating profit (loss) | 9901 | €72,506 | €91,450 | +€18,944 | +26.1% |
| Financial income | 75/76B | €713 | €521 | -€192 | -26.9% |
| Recurring financial income | 75 | €713 | €521 | -€192 | -26.9% |
| Financial charges | 65/66B | €600 | €2,609 | +€2,009 | +335% |
| Recurring financial charges | 65 | €600 | €2,609 | +€2,009 | +335% |
| Profit (loss) for the period before taxes | 9903 | €72,620 | €89,363 | +€16,744 | +23.1% |
| Income taxes | 67/77 | €24,207 | €22,782 | -€1,425 | -5.9% |
| Profit (loss) for the period | 9904 | €48,412 | €66,581 | +€18,169 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,412 | €66,581 | +€18,169 | +37.5% |
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 31 October 2026 via checked.be.