WDG IMMO: 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.
WDG IMMO
Largest movements
- Tangible fixed assets -€43,025
down €43,025 (-3.4%), from €1.3m to €1.2m
of which Land and buildings: -€39,418
- Debts after one year -€25,512
down €25,512 (-10.7%), from €237,562 to €212,051
- Reserves -€23,926
down €23,926 (-3.7%), from €652,637 to €628,711
of which Tax-exempt reserves: -€23,926
- Profit (loss) carried forward +€23,906
up €23,906 (+68.4%), from €34,965 to €58,871
- Turnover +€85,990
new in 2025: €85,990
- Gross operating margin -€9,822
down €9,822 (-15.2%), from €64,657 to €54,835
- Purchases and services +€4,743
up €4,743 (+18.0%), from €26,412 to €31,155
- Taxes -€2,366
down €2,366 (-22.9%), from €10,335 to €7,969
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 | €1,403,215 | €1,363,808 | -€39,407 | -2.8% |
| Fixed assets | 21/28 | €1,277,309 | €1,234,284 | -€43,025 | -3.4% |
| Tangible fixed assets | 22/27 | €1,277,309 | €1,234,284 | -€43,025 | -3.4% |
| Land and buildings | 22 | €1,270,096 | €1,230,678 | -€39,418 | -3.1% |
| Furniture and vehicles | 24 | €7,213 | €3,606 | -€3,606 | -50.0% |
| Current assets | 29/58 | €125,906 | €129,524 | +€3,618 | +2.9% |
| Amounts receivable within one year | 40/41 | €120,062 | €120,408 | +€346 | +0.3% |
| Other amounts receivable | 41 | €120,062 | €120,408 | +€346 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,844 | €9,115 | +€3,271 | +56.0% |
| Total equity and liabilities | 10/49 | €1,403,215 | €1,363,808 | -€39,407 | -2.8% |
| Equity | 10/15 | €935,495 | €935,475 | -€20 | 0.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €652,637 | €628,711 | -€23,926 | -3.7% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €627,847 | €603,921 | -€23,926 | -3.8% |
| Profit (loss) carried forward | 14 | €34,965 | €58,871 | +€23,906 | +68.4% |
| Provisions and deferred taxes | 16 | €198,909 | €188,859 | -€10,050 | -5.1% |
| Deferred taxes | 168 | €198,909 | €188,859 | -€10,050 | -5.1% |
| Amounts payable | 17/49 | €268,811 | €239,474 | -€29,337 | -10.9% |
| Amounts payable after more than one year | 17 | €237,562 | €212,051 | -€25,512 | -10.7% |
| Financial debts | 170/4 | €237,562 | €212,051 | -€25,512 | -10.7% |
| Amounts payable within one year | 42/48 | €31,249 | €27,423 | -€3,826 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €24,978 | €25,512 | +€533 | +2.1% |
| Trade debts | 44 | €2,987 | €311 | -€2,676 | -89.6% |
| Suppliers | 440/4 | €2,987 | €311 | -€2,676 | -89.6% |
| Other amounts payable | 47/48 | €3,283 | €1,600 | -€1,683 | -51.3% |
| Turnover | 70 | - | €85,990 | +€85,990 | |
| Goods, raw materials, services and sundry goods | 60/61 | €26,412 | €31,155 | +€4,743 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,025 | €43,025 | = | 0.0% |
| Other operating charges | 640/8 | €8,489 | €8,673 | +€184 | +2.2% |
| Gross operating margin | 9900 | €64,657 | €54,835 | -€9,822 | -15.2% |
| Operating profit (loss) | 9901 | €13,143 | €3,136 | -€10,006 | -76.1% |
| Financial income | 75/76B | €173 | €179 | +€6 | +3.6% |
| Recurring financial income | 75 | €173 | €179 | +€6 | +3.6% |
| Financial charges | 65/66B | €5,952 | €5,417 | -€535 | -9.0% |
| Recurring financial charges | 65 | €5,952 | €5,417 | -€535 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €7,364 | -€2,101 | -€9,465 | |
| Transfer from deferred taxes | 780 | €10,050 | €10,050 | = | 0.0% |
| Income taxes | 67/77 | €10,335 | €7,969 | -€2,366 | -22.9% |
| Profit (loss) for the period | 9904 | €7,079 | -€20 | -€7,099 | |
| Transfer from tax-exempt reserves | 789 | €23,926 | €23,926 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,005 | €23,906 | -€7,099 | -22.9% |
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 6 October 2026 via checked.be.