WDPE: 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.
WDPE
Largest movements
- Stocks and contracts -€46,100
down €46,100 (-65.9%), from €70,000 to €23,900
of which Contracts in progress: -€28,500
- Tangible fixed assets +€39,274
up €39,274 (+76.5%), from €51,357 to €90,631
of which Leasing and similar rights: +€40,348
- Cash +€11,709
up €11,709, from €0 to €11,709
mainly Stocks and contracts (+€46,100) and Net result for the year (+€35,707)
- Receivables within one year -€10,788
down €10,788 (-5.9%), from €181,690 to €170,902
of which Trade receivables: -€34,016
- Intangible fixed assets -€3,188
down €3,188 (-30.2%), from €10,539 to €7,351
- Tax, wage and social debts -€43,543
down €43,543 (-57.1%), from €76,280 to €32,737
of which Taxes: -€23,773
- Profit (loss) carried forward +€35,707
up €35,707 (+80.6%), from €44,304 to €80,011
- Debts after one year +€30,218
up €30,218 (+1,590%), from €1,900 to €32,118
of which Financial debts: +€30,218
- Trade debts -€22,157
down €22,157 (-14.1%), from €156,875 to €134,719
- Short-term financial debts -€14,433
down €14,433 (-100%), from €14,433 to €0
- Gross operating margin +€44,449
up €44,449 (+8.1%), from €546,647 to €591,095
- Staff costs -€44,017
down €44,017 (-7.9%), from €559,771 to €515,753
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 | €318,343 | €309,493 | -€8,850 | -2.8% |
| Fixed assets | 21/28 | €61,895 | €97,982 | +€36,086 | +58.3% |
| Intangible fixed assets | 21 | €10,539 | €7,351 | -€3,188 | -30.2% |
| Tangible fixed assets | 22/27 | €51,357 | €90,631 | +€39,274 | +76.5% |
| Plant, machinery and equipment | 23 | €34,662 | €40,467 | +€5,804 | +16.7% |
| Furniture and vehicles | 24 | €8,991 | €3,869 | -€5,123 | -57.0% |
| Leasing and similar rights | 25 | - | €40,348 | +€40,348 | |
| Other tangible fixed assets | 26 | €7,703 | €5,947 | -€1,756 | -22.8% |
| Current assets | 29/58 | €256,447 | €211,511 | -€44,936 | -17.5% |
| Stocks and contracts in progress | 3 | €70,000 | €23,900 | -€46,100 | -65.9% |
| Stocks | 30/36 | €40,000 | €22,400 | -€17,600 | -44.0% |
| Contracts in progress | 37 | €30,000 | €1,500 | -€28,500 | -95.0% |
| Amounts receivable within one year | 40/41 | €181,690 | €170,902 | -€10,788 | -5.9% |
| Trade receivables | 40 | €181,317 | €147,301 | -€34,016 | -18.8% |
| Other amounts receivable | 41 | €373 | €23,601 | +€23,228 | +6,222% |
| Cash at bank and in hand | 54/58 | €0 | €11,709 | +€11,709 | |
| Deferred charges and accrued income | 490/1 | €4,757 | €5,000 | +€243 | +5.1% |
| Total equity and liabilities | 10/49 | €318,343 | €309,493 | -€8,850 | -2.8% |
| Equity | 10/15 | €64,052 | €99,760 | +€35,707 | +55.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,148 | €1,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,148 | €1,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,148 | €1,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,304 | €80,011 | +€35,707 | +80.6% |
| Amounts payable | 17/49 | €254,291 | €209,733 | -€44,558 | -17.5% |
| Amounts payable after more than one year | 17 | €1,900 | €32,118 | +€30,218 | +1,590% |
| Financial debts | 170/4 | €0 | €30,218 | +€30,218 | |
| Other amounts payable | 178/9 | €1,900 | €1,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €252,391 | €177,615 | -€74,776 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €2,884 | €9,960 | +€7,075 | +245% |
| Financial debts | 43 | €14,433 | €0 | -€14,433 | -100% |
| Credit institutions | 430/8 | €14,433 | €0 | -€14,433 | -100% |
| Trade debts | 44 | €156,875 | €134,719 | -€22,157 | -14.1% |
| Suppliers | 440/4 | €156,875 | €134,719 | -€22,157 | -14.1% |
| Taxes, remuneration and social security | 45 | €76,280 | €32,737 | -€43,543 | -57.1% |
| Taxes | 450/3 | €27,314 | €3,541 | -€23,773 | -87.0% |
| Remuneration and social security | 454/9 | €48,965 | €29,196 | -€19,770 | -40.4% |
| Other amounts payable | 47/48 | €1,918 | €200 | -€1,718 | -89.6% |
| Remuneration, social security and pensions | 62 | €559,771 | €515,753 | -€44,017 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,655 | €27,200 | +€3,545 | +15.0% |
| Other operating charges | 640/8 | €8,308 | €9,052 | +€743 | +8.9% |
| Gross operating margin | 9900 | €546,647 | €591,095 | +€44,449 | +8.1% |
| Operating profit (loss) | 9901 | -€45,088 | €39,090 | +€84,177 | |
| Financial income | 75/76B | €18 | €247 | +€229 | +1,291% |
| Recurring financial income | 75 | €18 | €247 | +€229 | +1,291% |
| Financial charges | 65/66B | €2,481 | €2,575 | +€94 | +3.8% |
| Recurring financial charges | 65 | €2,481 | €2,575 | +€94 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,551 | €36,762 | +€84,312 | |
| Income taxes | 67/77 | €218 | €1,054 | +€836 | +384% |
| Profit (loss) for the period | 9904 | -€47,769 | €35,707 | +€83,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,769 | €35,707 | +€83,476 |
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 14 October 2026 via checked.be.