WDC Immo: 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 Immo
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+87.9%), from €1.8m to €3.3m
- Cash -€368,792
down €368,792 (-93.1%), from €396,171 to €27,379
mainly Investment in fixed assets (net) (-€1.8m) and Debts after one year (-€1.0m)
- Receivables within one year -€212,552
down €212,552 (-70.7%), from €300,776 to €88,225
- Other debts +€2.1m
new in 2025: €2.1m
- Debts after one year -€1.0m
no longer reported in 2025 (was €1.0m)
- Current portion of long-term debt -€80,000
no longer reported in 2025 (was €80,000)
- Reserves -€77,768
down €77,768 (-8.6%), from €906,617 to €828,849
of which Distributable reserves: -€77,768
- Depreciation +€143,762
up €143,762 (+199%), from €72,185 to €215,948
- Gross operating margin -€66,392
down €66,392 (-23.1%), from €286,859 to €220,467
- Taxes -€44,027
no longer reported in 2025 (was €44,027)
- Financial charges +€27,844
up €27,844 (+60.5%), from €46,027 to €73,871
- Financial income -€9,706
down €9,706 (-64.6%), from €15,014 to €5,308
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 | €2,462,525 | €3,407,506 | +€944,982 | +38.4% |
| Fixed assets | 21/28 | €1,751,919 | €3,291,902 | +€1.5m | +87.9% |
| Tangible fixed assets | 22/27 | €1,751,719 | €3,291,702 | +€1.5m | +87.9% |
| Land and buildings | 22 | €1,751,719 | €3,291,702 | +€1.5m | +87.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €710,605 | €115,604 | -€595,001 | -83.7% |
| Amounts receivable within one year | 40/41 | €300,776 | €88,225 | -€212,552 | -70.7% |
| Other amounts receivable | 41 | €300,776 | €88,225 | -€212,552 | -70.7% |
| Cash at bank and in hand | 54/58 | €396,171 | €27,379 | -€368,792 | -93.1% |
| Deferred charges and accrued income | 490/1 | €13,658 | - | -€13,658 | |
| Total equity and liabilities | 10/49 | €2,462,525 | €3,407,506 | +€944,982 | +38.4% |
| Equity | 10/15 | €1,330,930 | €1,253,162 | -€77,768 | -5.8% |
| Contributions | 10/11 | €424,313 | €424,313 | = | 0.0% |
| Capital | 10 | €424,313 | €424,313 | = | 0.0% |
| Issued capital | 100 | €424,313 | €424,313 | = | 0.0% |
| Reserves | 13 | €906,617 | €828,849 | -€77,768 | -8.6% |
| Non-distributable reserves | 130/1 | €42,431 | €42,431 | = | 0.0% |
| Legal reserve | 130 | €42,431 | €42,431 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,647 | €76,647 | = | 0.0% |
| Distributable reserves | 133 | €787,538 | €709,770 | -€77,768 | -9.9% |
| Amounts payable | 17/49 | €1,131,595 | €2,154,344 | +€1.0m | +90.4% |
| Amounts payable after more than one year | 17 | €1,026,667 | - | -€1.0m | |
| Financial debts | 170/4 | €1,026,667 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €100,923 | €2,148,498 | +€2.0m | +2,029% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | - | -€80,000 | |
| Taxes, remuneration and social security | 45 | €20,923 | - | -€20,923 | |
| Taxes | 450/3 | €20,923 | - | -€20,923 | |
| Other amounts payable | 47/48 | - | €2,148,498 | +€2.1m | |
| Accrued charges and deferred income | 492/3 | €4,005 | €5,847 | +€1,842 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,185 | €215,948 | +€143,762 | +199% |
| Other operating charges | 640/8 | €8,936 | €13,725 | +€4,788 | +53.6% |
| Gross operating margin | 9900 | €286,859 | €220,467 | -€66,392 | -23.1% |
| Operating profit (loss) | 9901 | €205,738 | -€9,205 | -€214,943 | |
| Financial income | 75/76B | €15,014 | €5,308 | -€9,706 | -64.6% |
| Recurring financial income | 75 | €15,014 | €5,308 | -€9,706 | -64.6% |
| Financial charges | 65/66B | €46,027 | €73,871 | +€27,844 | +60.5% |
| Recurring financial charges | 65 | €46,027 | €73,871 | +€27,844 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €174,725 | -€77,768 | -€252,493 | |
| Income taxes | 67/77 | €44,027 | - | -€44,027 | |
| Profit (loss) for the period | 9904 | €130,698 | -€77,768 | -€208,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,698 | -€77,768 | -€208,466 |
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 25 October 2026 via checked.be.