WDH Law: 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 Law
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash +€72,639
up €72,639 (+512%), from €14,189 to €86,828
mainly Current investments (+€75,000) and Net result for the year (+€48,655)
- Receivables within one year +€56,693
up €56,693 (+53,014%), from €107 to €56,800
of which Trade receivables: +€56,800
- Tangible fixed assets +€3,278
new in 2025: €3,278
- Reserves +€48,655
up €48,655 (+62.4%), from €77,917 to €126,572
- Tax, wage and social debts +€9,122
up €9,122 (+91.1%), from €10,013 to €19,134
- Gross operating margin -€42,460
down €42,460 (-39.0%), from €108,971 to €66,510
- Taxes -€11,205
down €11,205 (-37.3%), from €30,013 to €18,808
- Financial income +€1,518
up €1,518 (+5,059,367%), from €0 to €1,518
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 | €89,296 | €147,396 | +€58,100 | +65.1% |
| Fixed assets | 21/28 | - | €3,278 | +€3,278 | |
| Tangible fixed assets | 22/27 | - | €3,278 | +€3,278 | |
| Furniture and vehicles | 24 | - | €3,278 | +€3,278 | |
| Current assets | 29/58 | €89,296 | €144,118 | +€54,822 | +61.4% |
| Amounts receivable within one year | 40/41 | €107 | €56,800 | +€56,693 | +53,014% |
| Trade receivables | 40 | - | €56,800 | +€56,800 | |
| Other amounts receivable | 41 | €107 | - | -€107 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €14,189 | €86,828 | +€72,639 | +512% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €89,296 | €147,396 | +€58,100 | +65.1% |
| Equity | 10/15 | €78,417 | €127,072 | +€48,655 | +62.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €77,917 | €126,572 | +€48,655 | +62.4% |
| Distributable reserves | 133 | €77,917 | €126,572 | +€48,655 | +62.4% |
| Amounts payable | 17/49 | €10,879 | €20,324 | +€9,445 | +86.8% |
| Amounts payable within one year | 42/48 | €10,879 | €20,324 | +€9,445 | +86.8% |
| Trade debts | 44 | €153 | €246 | +€93 | +60.6% |
| Suppliers | 440/4 | €153 | €246 | +€93 | +60.6% |
| Taxes, remuneration and social security | 45 | €10,013 | €19,134 | +€9,122 | +91.1% |
| Taxes | 450/3 | €10,013 | €19,134 | +€9,122 | +91.1% |
| Other amounts payable | 47/48 | €713 | €943 | +€231 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €96 | -€883 | -90.2% |
| Other operating charges | 640/8 | - | €320 | +€320 | |
| Gross operating margin | 9900 | €108,971 | €66,510 | -€42,460 | -39.0% |
| Operating profit (loss) | 9901 | €107,992 | €66,095 | -€41,898 | -38.8% |
| Financial income | 75/76B | €0 | €1,518 | +€1,518 | +5,059,367% |
| Recurring financial income | 75 | €0 | €1,518 | +€1,518 | +5,059,367% |
| Financial charges | 65/66B | €63 | €150 | +€88 | +140% |
| Recurring financial charges | 65 | €63 | €150 | +€88 | +140% |
| Profit (loss) for the period before taxes | 9903 | €107,930 | €67,462 | -€40,467 | -37.5% |
| Income taxes | 67/77 | €30,013 | €18,808 | -€11,205 | -37.3% |
| Profit (loss) for the period | 9904 | €77,917 | €48,655 | -€29,262 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,917 | €48,655 | -€29,262 | -37.6% |
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 19 October 2026 via checked.be.