WDCM: 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.
WDCM
Largest movements
- Receivables within one year +€41,260
up €41,260 (+88.5%), from €46,627 to €87,887
of which Trade receivables: +€31,686
- Tangible fixed assets -€18,610
down €18,610 (-7.8%), from €238,356 to €219,747
of which Furniture and vehicles: -€17,656
- Cash -€18,096
down €18,096 (-14.6%), from €124,073 to €105,977
mainly Other debts (-€44,869) and Receivables within one year (-€41,260)
- Other debts -€44,869
down €44,869 (-18.5%), from €241,890 to €197,022
- Reserves +€43,619
up €43,619 (+14.3%), from €305,039 to €348,658
of which Distributable reserves: +€43,619
- Gross operating margin +€68,011
up €68,011 (+270%), from €25,226 to €93,237
- Taxes +€17,922
up €17,922 (+294%), from €6,095 to €24,018
- Financial charges -€1,464
down €1,464 (-97.0%), from €1,509 to €45
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 | €748,590 | €753,144 | +€4,555 | +0.6% |
| Fixed assets | 21/28 | €577,890 | €559,280 | -€18,610 | -3.2% |
| Tangible fixed assets | 22/27 | €238,356 | €219,747 | -€18,610 | -7.8% |
| Land and buildings | 22 | €199,449 | €199,206 | -€242 | -0.1% |
| Plant, machinery and equipment | 23 | €961 | €250 | -€711 | -74.0% |
| Furniture and vehicles | 24 | €37,947 | €20,291 | -€17,656 | -46.5% |
| Financial fixed assets | 28 | €339,533 | €339,533 | = | 0.0% |
| Current assets | 29/58 | €170,700 | €193,864 | +€23,164 | +13.6% |
| Amounts receivable within one year | 40/41 | €46,627 | €87,887 | +€41,260 | +88.5% |
| Trade receivables | 40 | €43,201 | €74,887 | +€31,686 | +73.3% |
| Other amounts receivable | 41 | €3,425 | €13,000 | +€9,575 | +280% |
| Cash at bank and in hand | 54/58 | €124,073 | €105,977 | -€18,096 | -14.6% |
| Total equity and liabilities | 10/49 | €748,590 | €753,144 | +€4,555 | +0.6% |
| Equity | 10/15 | €490,139 | €533,758 | +€43,619 | +8.9% |
| Contributions | 10/11 | €185,100 | €185,100 | = | 0.0% |
| Reserves | 13 | €305,039 | €348,658 | +€43,619 | +14.3% |
| Tax-exempt reserves | 132 | €20,334 | €20,334 | = | 0.0% |
| Distributable reserves | 133 | €284,706 | €328,325 | +€43,619 | +15.3% |
| Amounts payable | 17/49 | €258,450 | €219,386 | -€39,064 | -15.1% |
| Amounts payable within one year | 42/48 | €257,437 | €219,386 | -€38,051 | -14.8% |
| Trade debts | 44 | €300 | €205 | -€96 | -31.8% |
| Suppliers | 440/4 | €300 | €205 | -€96 | -31.8% |
| Taxes, remuneration and social security | 45 | €15,247 | €22,160 | +€6,913 | +45.3% |
| Taxes | 450/3 | €15,247 | €22,160 | +€6,913 | +45.3% |
| Other amounts payable | 47/48 | €241,890 | €197,022 | -€44,869 | -18.5% |
| Accrued charges and deferred income | 492/3 | €1,013 | €0 | -€1,013 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,593 | €23,598 | +€5 | 0.0% |
| Other operating charges | 640/8 | €2,258 | €2,220 | -€39 | -1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,226 | €93,237 | +€68,011 | +270% |
| Operating profit (loss) | 9901 | -€625 | €67,419 | +€68,044 | |
| Financial income | 75/76B | €0 | €263 | +€262 | +262,450% |
| Recurring financial income | 75 | €0 | €263 | +€262 | +262,450% |
| Financial charges | 65/66B | €1,509 | €45 | -€1,464 | -97.0% |
| Recurring financial charges | 65 | €1,509 | €45 | -€1,464 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,133 | €67,637 | +€69,770 | |
| Income taxes | 67/77 | €6,095 | €24,018 | +€17,922 | +294% |
| Profit (loss) for the period | 9904 | -€8,229 | €43,619 | +€51,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,229 | €43,619 | +€51,848 |
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 1 November 2026 via checked.be.