WDH Construct: 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.
WDH Construct
Largest movements
- Tangible fixed assets -€29,172
down €29,172 (-13.7%), from €213,152 to €183,980
- Cash +€13,145
up €13,145 (+27.7%), from €47,424 to €60,568
mainly Depreciation (+€29,172) and Trade debts (+€26,277)
- Stocks and contracts -€5,552
down €5,552 (-22.9%), from €24,209 to €18,656
- Receivables within one year +€4,333
up €4,333 (+8.3%), from €51,921 to €56,254
of which Other amounts receivable: +€3,253
- Trade debts +€26,277
up €26,277 (+78.9%), from €33,293 to €59,571
- Debts after one year -€26,243
down €26,243 (-13.9%), from €188,770 to €162,527
- Reserves -€7,657
down €7,657 (-11.9%), from €64,422 to €56,765
of which Distributable reserves: -€7,657
- Tax, wage and social debts -€6,064
down €6,064 (-29.9%), from €20,247 to €14,183
of which Taxes: -€8,306
- Other debts -€4,628
down €4,628 (-31.8%), from €14,560 to €9,932
- Staff costs +€2,759
up €2,759 (+5.1%), from €53,964 to €56,724
- Gross operating margin -€2,095
down €2,095 (-2.1%), from €99,411 to €97,317
- Taxes -€1,115
down €1,115 (-30.8%), from €3,617 to €2,502
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 | €347,732 | €329,221 | -€18,511 | -5.3% |
| Fixed assets | 21/28 | €218,152 | €188,980 | -€29,172 | -13.4% |
| Tangible fixed assets | 22/27 | €213,152 | €183,980 | -€29,172 | -13.7% |
| Land and buildings | 22 | €170,675 | €161,074 | -€9,600 | -5.6% |
| Plant, machinery and equipment | 23 | €22,025 | €11,858 | -€10,167 | -46.2% |
| Furniture and vehicles | 24 | €20,452 | €11,047 | -€9,405 | -46.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €129,580 | €140,241 | +€10,661 | +8.2% |
| Stocks and contracts in progress | 3 | €24,209 | €18,656 | -€5,552 | -22.9% |
| Stocks | 30/36 | €24,209 | €18,656 | -€5,552 | -22.9% |
| Amounts receivable within one year | 40/41 | €51,921 | €56,254 | +€4,333 | +8.3% |
| Trade receivables | 40 | €51,590 | €52,670 | +€1,080 | +2.1% |
| Other amounts receivable | 41 | €331 | €3,584 | +€3,253 | +982% |
| Cash at bank and in hand | 54/58 | €47,424 | €60,568 | +€13,145 | +27.7% |
| Deferred charges and accrued income | 490/1 | €6,027 | €4,763 | -€1,264 | -21.0% |
| Total equity and liabilities | 10/49 | €347,732 | €329,221 | -€18,511 | -5.3% |
| Equity | 10/15 | €64,422 | €56,765 | -€7,657 | -11.9% |
| Reserves | 13 | €64,422 | €56,765 | -€7,657 | -11.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €52,022 | €44,365 | -€7,657 | -14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €283,310 | €272,456 | -€10,854 | -3.8% |
| Amounts payable after more than one year | 17 | €188,770 | €162,527 | -€26,243 | -13.9% |
| Financial debts | 170/4 | €188,770 | €162,527 | -€26,243 | -13.9% |
| Amounts payable within one year | 42/48 | €94,540 | €109,929 | +€15,389 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €26,440 | €26,243 | -€197 | -0.7% |
| Trade debts | 44 | €33,293 | €59,571 | +€26,277 | +78.9% |
| Suppliers | 440/4 | €33,293 | €59,571 | +€26,277 | +78.9% |
| Taxes, remuneration and social security | 45 | €20,247 | €14,183 | -€6,064 | -29.9% |
| Taxes | 450/3 | €18,146 | €9,840 | -€8,306 | -45.8% |
| Remuneration and social security | 454/9 | €2,101 | €4,343 | +€2,242 | +107% |
| Other amounts payable | 47/48 | €14,560 | €9,932 | -€4,628 | -31.8% |
| Remuneration, social security and pensions | 62 | €53,964 | €56,724 | +€2,759 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,268 | €29,172 | +€905 | +3.2% |
| Other operating charges | 640/8 | €1,921 | €1,887 | -€34 | -1.7% |
| Gross operating margin | 9900 | €99,411 | €97,317 | -€2,095 | -2.1% |
| Operating profit (loss) | 9901 | €15,258 | €9,533 | -€5,725 | -37.5% |
| Financial income | 75/76B | €287 | €143 | -€144 | -50.3% |
| Recurring financial income | 75 | €287 | €143 | -€144 | -50.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €5,844 | €5,242 | -€602 | -10.3% |
| Recurring financial charges | 65 | €5,844 | €5,242 | -€602 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €9,701 | €4,434 | -€5,267 | -54.3% |
| Income taxes | 67/77 | €3,617 | €2,502 | -€1,115 | -30.8% |
| Profit (loss) for the period | 9904 | €6,084 | €1,932 | -€4,153 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,084 | €1,932 | -€4,153 | -68.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.