Wdistri: 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.
Wdistri
Largest movements
- Tangible fixed assets -€295,545
down €295,545 (-12.0%), from €2.5m to €2.2m
of which Other tangible fixed assets: -€216,002
- Cash -€104,456
down €104,456 (-25.3%), from €412,125 to €307,669
mainly Debts after one year (-€937,694) and Trade debts (-€192,454)
- Deferred charges and accrued income -€101,618
down €101,618 (-36.4%), from €278,914 to €177,297
- Stocks and contracts +€57,247
up €57,247 (+7.9%), from €725,268 to €782,515
- Debts after one year -€937,694
down €937,694 (-40.6%), from €2.3m to €1.4m
- Reserves +€289,580
new in 2025: €289,580
- Profit (loss) carried forward +€284,898
up €284,898, from -€284,898 to €0
- Trade debts -€192,454
down €192,454 (-12.5%), from €1.5m to €1.4m
- Tax, wage and social debts +€67,401
up €67,401 (+101%), from €66,604 to €134,005
of which Remuneration and social security: +€64,680
- Gross operating margin +€1.6m
up €1.6m (+269%), from €606,125 to €2.2m
- Staff costs +€593,495
up €593,495 (+105%), from €567,569 to €1.2m
- Depreciation +€108,910
up €108,910 (+52.9%), from €205,973 to €314,883
- Financial charges +€64,772
up €64,772 (+53.4%), from €121,235 to €186,007
of which Financial charges: +€57,012
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 | €3,974,498 | €3,498,050 | -€476,448 | -12.0% |
| Fixed assets | 21/28 | €2,469,121 | €2,173,576 | -€295,545 | -12.0% |
| Tangible fixed assets | 22/27 | €2,469,121 | €2,173,576 | -€295,545 | -12.0% |
| Plant, machinery and equipment | 23 | €351,353 | €287,588 | -€63,766 | -18.1% |
| Furniture and vehicles | 24 | €55,816 | €40,039 | -€15,777 | -28.3% |
| Other tangible fixed assets | 26 | €2,061,952 | €1,845,949 | -€216,002 | -10.5% |
| Current assets | 29/58 | €1,505,377 | €1,324,474 | -€180,903 | -12.0% |
| Stocks and contracts in progress | 3 | €725,268 | €782,515 | +€57,247 | +7.9% |
| Stocks | 30/36 | €725,268 | €782,515 | +€57,247 | +7.9% |
| Amounts receivable within one year | 40/41 | €89,069 | €56,993 | -€32,076 | -36.0% |
| Trade receivables | 40 | €16,641 | €1,101 | -€15,539 | -93.4% |
| Other amounts receivable | 41 | €72,429 | €55,892 | -€16,537 | -22.8% |
| Cash at bank and in hand | 54/58 | €412,125 | €307,669 | -€104,456 | -25.3% |
| Deferred charges and accrued income | 490/1 | €278,914 | €177,297 | -€101,618 | -36.4% |
| Total equity and liabilities | 10/49 | €3,974,498 | €3,498,050 | -€476,448 | -12.0% |
| Equity | 10/15 | -€234,898 | €339,580 | +€574,478 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €289,580 | +€289,580 | |
| Distributable reserves | 133 | - | €289,580 | +€289,580 | |
| Profit (loss) carried forward | 14 | -€284,898 | €0 | +€284,898 | |
| Amounts payable | 17/49 | €4,209,396 | €3,158,470 | -€1.1m | -25.0% |
| Amounts payable after more than one year | 17 | €2,311,332 | €1,373,638 | -€937,694 | -40.6% |
| Financial debts | 170/4 | €2,311,332 | €1,373,638 | -€937,694 | -40.6% |
| Amounts payable within one year | 42/48 | €1,867,301 | €1,752,450 | -€114,851 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €256,001 | €266,767 | +€10,766 | +4.2% |
| Trade debts | 44 | €1,544,132 | €1,351,678 | -€192,454 | -12.5% |
| Suppliers | 440/4 | €1,544,132 | €1,351,678 | -€192,454 | -12.5% |
| Taxes, remuneration and social security | 45 | €66,604 | €134,005 | +€67,401 | +101% |
| Taxes | 450/3 | €331 | €3,053 | +€2,722 | +822% |
| Remuneration and social security | 454/9 | €66,273 | €130,953 | +€64,680 | +97.6% |
| Other amounts payable | 47/48 | €565 | €0 | -€565 | -100% |
| Accrued charges and deferred income | 492/3 | €30,762 | €32,382 | +€1,620 | +5.3% |
| Remuneration, social security and pensions | 62 | €567,569 | €1,161,064 | +€593,495 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,973 | €314,883 | +€108,910 | +52.9% |
| Other operating charges | 640/8 | €142 | €761 | +€620 | +437% |
| Gross operating margin | 9900 | €606,125 | €2,233,949 | +€1.6m | +269% |
| Operating profit (loss) | 9901 | -€167,558 | €757,241 | +€924,800 | |
| Financial income | 75/76B | €3,895 | €3,375 | -€520 | -13.4% |
| Recurring financial income | 75 | €3,895 | €3,375 | -€520 | -13.4% |
| Financial charges | 65/66B | €121,235 | €186,007 | +€64,772 | +53.4% |
| Recurring financial charges | 65 | €120,668 | €177,680 | +€57,012 | +47.2% |
| Non-recurring financial charges | 66B | €567 | €8,327 | +€7,759 | +1,367% |
| Profit (loss) for the period before taxes | 9903 | -€284,898 | €574,610 | +€859,508 | |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€284,898 | €574,478 | +€859,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€284,898 | €574,478 | +€859,376 |
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 30 October 2026 via checked.be.