WDN Corporation: what changed
What changed
WDN Corporation
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€821,595
2024 · -€55,552+€877,146
Equity
€826,043
2024 · €4,448+€821,595
Cash
€5,411
2024 · -+€5,411
Balance sheet total
€2.4m
2024 · €2.0m+€400,838
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year +€191,009
up €191,009 (+85,006%), from €225 to €191,234
of which Other amounts receivable: +€180,000
Equity and liabilities
- Profit (loss) carried forward +€821,595
up €821,595, from -€55,552 to €766,043
- Short-term financial debts -€701,664
down €701,664 (-100%), from €701,664 to €0
- Other debts +€355,000
up €355,000 (+1,420%), from €25,000 to €380,000
- Debts after one year -€86,971
down €86,971 (-7.7%), from €1.1m to €1.0m
of which Financial debts: -€86,971
Income statement
- Financial income +€870,000
new in 2025: €870,000
- Gross operating margin +€94,115
up €94,115 (+814%), from €11,567 to €105,682
- Staff costs +€66,240
up €66,240 (+333%), from €19,886 to €86,126
- Financial charges +€20,668
up €20,668 (+43.9%), from €47,059 to €67,727
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€55,552
Gross operating margin
+€94,115
Staff costs
-€66,240
Depreciation
-€99
Other operating charges
+€38
Financial income
+€870,000
Financial charges
-€20,668
Result 2025
€821,595
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€996,141
Investment
-€205,117
Financing
-€785,613
Cash 2024
€0
From operations (derived)
+€996,141
Net result for the year
+€821,595
Depreciation
+€223
Receivables within one year
-€191,009
Smaller working-capital items
-€1,087
Tax, wage and social debts
+€6,852
Other debts
+€355,000
Accrued charges and deferred income
+€4,567
Investment (derived)
-€205,117
Investment in fixed assets (net)
-€5,117
Current investments
-€200,000
Financing
-€785,613
Debts after one year
-€86,971
Current portion of long-term debt
+€3,022
Short-term financial debts
-€701,664
Cash 2025
€5,411
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,983,633 | €2,384,471 | +€400,838 | +20.2% |
| Formation expenses | 20 | €992 | €768 | -€223 | -22.5% |
| Fixed assets | 21/28 | €1,980,367 | €1,985,485 | +€5,117 | +0.3% |
| Financial fixed assets | 28 | €1,980,367 | €1,985,485 | +€5,117 | +0.3% |
| Current assets | 29/58 | €2,274 | €398,218 | +€395,944 | +17,415% |
| Amounts receivable within one year | 40/41 | €225 | €191,234 | +€191,009 | +85,006% |
| Trade receivables | 40 | €225 | €11,234 | +€11,009 | +4,900% |
| Other amounts receivable | 41 | - | €180,000 | +€180,000 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | - | €5,411 | +€5,411 | |
| Deferred charges and accrued income | 490/1 | €2,049 | €1,572 | -€477 | -23.3% |
| Total equity and liabilities | 10/49 | €1,983,633 | €2,384,471 | +€400,838 | +20.2% |
| Equity | 10/15 | €4,448 | €826,043 | +€821,595 | +18,471% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,552 | €766,043 | +€821,595 | |
| Amounts payable | 17/49 | €1,979,185 | €1,558,428 | -€420,756 | -21.3% |
| Amounts payable after more than one year | 17 | €1,131,051 | €1,044,080 | -€86,971 | -7.7% |
| Financial debts | 170/4 | €1,071,051 | €984,080 | -€86,971 | -8.1% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €828,996 | €490,643 | -€338,353 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €83,949 | €86,971 | +€3,022 | +3.6% |
| Financial debts | 43 | €701,664 | €0 | -€701,664 | -100% |
| Credit institutions | 430/8 | €701,664 | €0 | -€701,664 | -100% |
| Trade debts | 44 | €4,272 | €2,709 | -€1,563 | -36.6% |
| Suppliers | 440/4 | €4,272 | €2,709 | -€1,563 | -36.6% |
| Taxes, remuneration and social security | 45 | €14,110 | €20,963 | +€6,852 | +48.6% |
| Taxes | 450/3 | €6,790 | €8,069 | +€1,279 | +18.8% |
| Remuneration and social security | 454/9 | €7,321 | €12,894 | +€5,573 | +76.1% |
| Other amounts payable | 47/48 | €25,000 | €380,000 | +€355,000 | +1,420% |
| Accrued charges and deferred income | 492/3 | €19,138 | €23,705 | +€4,567 | +23.9% |
| Remuneration, social security and pensions | 62 | €19,886 | €86,126 | +€66,240 | +333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €223 | +€99 | +79.8% |
| Other operating charges | 640/8 | €50 | €12 | -€38 | -76.0% |
| Gross operating margin | 9900 | €11,567 | €105,682 | +€94,115 | +814% |
| Operating profit (loss) | 9901 | -€8,493 | €19,321 | +€27,814 | |
| Financial income | 75/76B | - | €870,000 | +€870,000 | |
| Recurring financial income | 75 | - | €870,000 | +€870,000 | |
| Financial charges | 65/66B | €47,059 | €67,727 | +€20,668 | +43.9% |
| Recurring financial charges | 65 | €47,059 | €67,727 | +€20,668 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,552 | €821,595 | +€877,146 | |
| Profit (loss) for the period | 9904 | -€55,552 | €821,595 | +€877,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,552 | €821,595 | +€877,146 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.