WDL PROJECTS: 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.
WDL PROJECTS
Largest movements
- Cash -€33,335
down €33,335 (-55.7%), from €59,898 to €26,563
mainly Contributions, distributions and other (-€113,190) and Receivables within one year (-€12,651)
- Receivables within one year +€12,651
up €12,651 (+105%), from €12,054 to €24,705
of which Trade receivables: +€10,225
- Tangible fixed assets +€2,469
up €2,469 (+300%), from €822 to €3,291
of which Furniture and vehicles: +€1,288
- Deferred charges and accrued income -€1,682
down €1,682 (-100%), from €1,682 to €0
- Reserves -€65,715
down €65,715 (-100%), from €65,715 to €0
- Other debts +€49,356
up €49,356 (+3,588%), from €1,376 to €50,731
- Trade debts -€1,802
down €1,802 (-68.3%), from €2,638 to €836
- Tax, wage and social debts -€1,736
down €1,736 (-62.7%), from €2,768 to €1,032
- Gross operating margin +€8,468
up €8,468 (+15.4%), from €55,141 to €63,610
- Taxes +€1,423
up €1,423 (+12.0%), from €11,900 to €13,324
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 | €74,496 | €54,599 | -€19,897 | -26.7% |
| Fixed assets | 21/28 | €862 | €3,331 | +€2,469 | +286% |
| Tangible fixed assets | 22/27 | €822 | €3,291 | +€2,469 | +300% |
| Plant, machinery and equipment | 23 | €317 | €1,497 | +€1,180 | +373% |
| Furniture and vehicles | 24 | €505 | €1,794 | +€1,288 | +255% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €73,634 | €51,268 | -€22,366 | -30.4% |
| Amounts receivable within one year | 40/41 | €12,054 | €24,705 | +€12,651 | +105% |
| Trade receivables | 40 | €12,054 | €22,279 | +€10,225 | +84.8% |
| Other amounts receivable | 41 | €0 | €2,426 | +€2,426 | |
| Cash at bank and in hand | 54/58 | €59,898 | €26,563 | -€33,335 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,682 | €0 | -€1,682 | -100% |
| Total equity and liabilities | 10/49 | €74,496 | €54,599 | -€19,897 | -26.7% |
| Equity | 10/15 | €67,715 | €2,000 | -€65,715 | -97.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,715 | €0 | -€65,715 | -100% |
| Distributable reserves | 133 | €65,715 | €0 | -€65,715 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,781 | €52,599 | +€45,818 | +676% |
| Amounts payable within one year | 42/48 | €6,781 | €52,599 | +€45,818 | +676% |
| Trade debts | 44 | €2,638 | €836 | -€1,802 | -68.3% |
| Suppliers | 440/4 | €2,638 | €836 | -€1,802 | -68.3% |
| Taxes, remuneration and social security | 45 | €2,768 | €1,032 | -€1,736 | -62.7% |
| Taxes | 450/3 | €2,768 | €1,032 | -€1,736 | -62.7% |
| Other amounts payable | 47/48 | €1,376 | €50,731 | +€49,356 | +3,588% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618 | €1,112 | +€494 | +79.9% |
| Other operating charges | 640/8 | €794 | €1,208 | +€414 | +52.2% |
| Gross operating margin | 9900 | €55,141 | €63,610 | +€8,468 | +15.4% |
| Operating profit (loss) | 9901 | €53,729 | €61,289 | +€7,560 | +14.1% |
| Financial income | 75/76B | €389 | €0 | -€389 | -100% |
| Recurring financial income | 75 | €389 | €0 | -€389 | -100% |
| Financial charges | 65/66B | €616 | €490 | -€125 | -20.3% |
| Recurring financial charges | 65 | €616 | €490 | -€125 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €53,503 | €60,799 | +€7,296 | +13.6% |
| Income taxes | 67/77 | €11,900 | €13,324 | +€1,423 | +12.0% |
| Profit (loss) for the period | 9904 | €41,602 | €47,475 | +€5,873 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,602 | €47,475 | +€5,873 | +14.1% |
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 13 October 2026 via checked.be.