WDI-CONSTRUCT: 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.
WDI-CONSTRUCT
Largest movements
- Tangible fixed assets +€409,989
up €409,989 (+80.6%), from €508,769 to €918,759
of which Land and buildings: +€405,828
- Cash +€13,752
up €13,752 (+60.3%), from €22,802 to €36,554
mainly Debts after one year (+€405,379) and Other debts (+€85,296)
- Debts after one year +€405,379
up €405,379 (+120.1%), from €337,454 to €742,834
- Reserves -€88,018
down €88,018 (-57.5%), from €153,201 to €65,184
- Other debts +€85,296
up €85,296 (+456.9%), from €18,668 to €103,963
- Current portion of long-term debt +€17,812
up €17,812 (+51.7%), from €34,447 to €52,259
- Tax, wage and social debts +€12,880
up €12,880 (+159.3%), from €8,087 to €20,967
- Depreciation +€24,840
up €24,840 (+54.2%), from €45,838 to €70,678
- Financial charges +€9,019
up €9,019 (+57.2%), from €15,763 to €24,783
- Taxes -€6,920
down €6,920 (-66.0%), from €10,493 to €3,572
- Gross operating margin -€6,213
down €6,213 (-5.6%), from €111,827 to €105,614
- Other operating charges +€1,178
up €1,178 (+38.5%), from €3,062 to €4,240
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 | €555,964 | €988,699 | +€432,735 | +77.8% |
| Fixed assets | 21/28 | €508,769 | €918,759 | +€409,989 | +80.6% |
| Tangible fixed assets | 22/27 | €508,769 | €918,759 | +€409,989 | +80.6% |
| Land and buildings | 22 | €485,748 | €891,576 | +€405,828 | +83.5% |
| Plant, machinery and equipment | 23 | €4,223 | €4,363 | +€140 | +3.3% |
| Furniture and vehicles | 24 | €1,962 | €6,938 | +€4,976 | +253.6% |
| Other tangible fixed assets | 26 | €16,836 | €15,881 | -€955 | -5.7% |
| Current assets | 29/58 | €47,195 | €69,941 | +€22,745 | +48.2% |
| Amounts receivable within one year | 40/41 | €18,192 | €25,558 | +€7,367 | +40.5% |
| Trade receivables | 40 | €17,794 | €20,733 | +€2,939 | +16.5% |
| Other amounts receivable | 41 | €398 | €4,825 | +€4,428 | +1113.9% |
| Cash at bank and in hand | 54/58 | €22,802 | €36,554 | +€13,752 | +60.3% |
| Deferred charges and accrued income | 490/1 | €6,201 | €7,828 | +€1,627 | +26.2% |
| Total equity and liabilities | 10/49 | €555,964 | €988,699 | +€432,735 | +77.8% |
| Equity | 10/15 | €153,301 | €65,284 | -€88,018 | -57.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €153,201 | €65,184 | -€88,018 | -57.5% |
| Distributable reserves | 133 | €153,201 | €65,184 | -€88,018 | -57.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €402,663 | €923,416 | +€520,753 | +129.3% |
| Amounts payable after more than one year | 17 | €337,454 | €742,834 | +€405,379 | +120.1% |
| Financial debts | 170/4 | €337,454 | €742,834 | +€405,379 | +120.1% |
| Amounts payable within one year | 42/48 | €64,274 | €179,610 | +€115,336 | +179.4% |
| Current portion of amounts payable after more than one year | 42 | €34,447 | €52,259 | +€17,812 | +51.7% |
| Trade debts | 44 | €3,072 | €2,420 | -€652 | -21.2% |
| Suppliers | 440/4 | €3,072 | €2,420 | -€652 | -21.2% |
| Taxes, remuneration and social security | 45 | €8,087 | €20,967 | +€12,880 | +159.3% |
| Taxes | 450/3 | €8,087 | €20,967 | +€12,880 | +159.3% |
| Other amounts payable | 47/48 | €18,668 | €103,963 | +€85,296 | +456.9% |
| Accrued charges and deferred income | 492/3 | €935 | €973 | +€38 | +4.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,838 | €70,678 | +€24,840 | +54.2% |
| Other operating charges | 640/8 | €3,062 | €4,240 | +€1,178 | +38.5% |
| Non-recurring operating charges | 66A | €9,211 | €0 | -€9,211 | -100.0% |
| Gross operating margin | 9900 | €111,827 | €105,614 | -€6,213 | -5.6% |
| Operating profit (loss) | 9901 | €53,716 | €30,695 | -€23,021 | -42.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +2400.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +2400.0% |
| Financial charges | 65/66B | €15,763 | €24,783 | +€9,019 | +57.2% |
| Recurring financial charges | 65 | €15,763 | €24,783 | +€9,019 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €37,953 | €5,913 | -€32,040 | -84.4% |
| Income taxes | 67/77 | €10,493 | €3,572 | -€6,920 | -66.0% |
| Profit (loss) for the period | 9904 | €27,460 | €2,341 | -€25,120 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,460 | €2,341 | -€25,120 | -91.5% |
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 7 October 2026 via checked.be.