WDT: 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.
WDT
Largest movements
- Cash -€1.1m
down €1.1m (-65.2%), from €1.7m to €601,948
mainly Other debts (-€1.2m) and Receivables within one year (-€722,942)
- Receivables within one year +€722,942
up €722,942 (+54.5%), from €1.3m to €2.1m
of which Trade receivables: +€672,942
- Other debts -€1.2m
down €1.2m (-99.9%), from €1.2m to €1,715
- Reserves +€782,310
up €782,310 (+50.6%), from €1.5m to €2.3m
of which Distributable reserves: +€782,310
- Tax, wage and social debts +€44,240
up €44,240 (+20.0%), from €220,796 to €265,037
of which Taxes: +€35,851
- Gross operating margin +€136,283
up €136,283 (+9.7%), from €1.4m to €1.5m
- Taxes +€40,481
up €40,481 (+12.6%), from €320,763 to €361,244
- Staff costs -€33,299
down €33,299 (-9.1%), from €365,452 to €332,153
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 | €3,368,827 | €2,978,391 | -€390,437 | -11.6% |
| Fixed assets | 21/28 | €128,978 | €140,276 | +€11,298 | +8.8% |
| Intangible fixed assets | 21 | - | €28,269 | +€28,269 | |
| Tangible fixed assets | 22/27 | €108,978 | €92,007 | -€16,971 | -15.6% |
| Plant, machinery and equipment | 23 | €18,350 | €31,923 | +€13,573 | +74.0% |
| Furniture and vehicles | 24 | €90,628 | €60,085 | -€30,543 | -33.7% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €3,239,849 | €2,838,114 | -€401,735 | -12.4% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,327,119 | €2,050,061 | +€722,942 | +54.5% |
| Trade receivables | 40 | €1,283,017 | €1,955,959 | +€672,942 | +52.4% |
| Other amounts receivable | 41 | €44,102 | €94,102 | +€50,000 | +113.4% |
| Cash at bank and in hand | 54/58 | €1,728,132 | €601,948 | -€1.1m | -65.2% |
| Deferred charges and accrued income | 490/1 | €24,599 | €26,105 | +€1,507 | +6.1% |
| Total equity and liabilities | 10/49 | €3,368,827 | €2,978,391 | -€390,437 | -11.6% |
| Equity | 10/15 | €1,563,265 | €2,345,575 | +€782,310 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,544,665 | €2,326,975 | +€782,310 | +50.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,507,165 | €2,289,475 | +€782,310 | +51.9% |
| Amounts payable | 17/49 | €1,805,562 | €632,815 | -€1.2m | -65.0% |
| Amounts payable after more than one year | 17 | €31,660 | €2,447 | -€29,213 | -92.3% |
| Financial debts | 170/4 | €31,660 | €2,447 | -€29,213 | -92.3% |
| Amounts payable within one year | 42/48 | €1,773,903 | €630,368 | -€1.1m | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €28,926 | €29,239 | +€312 | +1.1% |
| Financial debts | 43 | €193,806 | €175,689 | -€18,117 | -9.3% |
| Credit institutions | 430/8 | €193,806 | €175,689 | -€18,117 | -9.3% |
| Trade debts | 44 | €125,380 | €158,689 | +€33,309 | +26.6% |
| Suppliers | 440/4 | €125,380 | €158,689 | +€33,309 | +26.6% |
| Taxes, remuneration and social security | 45 | €220,796 | €265,037 | +€44,240 | +20.0% |
| Taxes | 450/3 | €183,502 | €219,353 | +€35,851 | +19.5% |
| Remuneration and social security | 454/9 | €37,294 | €45,684 | +€8,390 | +22.5% |
| Other amounts payable | 47/48 | €1,204,994 | €1,715 | -€1.2m | -99.9% |
| Non-recurring operating income | 76A | €164,563 | - | -€164,563 | |
| Remuneration, social security and pensions | 62 | €365,452 | €332,153 | -€33,299 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,712 | €48,554 | -€3,158 | -6.1% |
| Other operating charges | 640/8 | €12,651 | €9,867 | -€2,784 | -22.0% |
| Non-recurring operating charges | 66A | €45,457 | €4,730 | -€40,727 | -89.6% |
| Gross operating margin | 9900 | €1,408,051 | €1,544,334 | +€136,283 | +9.7% |
| Operating profit (loss) | 9901 | €932,779 | €1,149,030 | +€216,251 | +23.2% |
| Financial income | 75/76B | €12,696 | €3,165 | -€9,532 | -75.1% |
| Recurring financial income | 75 | €12,696 | €3,165 | -€9,532 | -75.1% |
| Financial charges | 65/66B | €7,440 | €8,640 | +€1,201 | +16.1% |
| Recurring financial charges | 65 | €7,440 | €8,640 | +€1,201 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €938,035 | €1,143,554 | +€205,519 | +21.9% |
| Income taxes | 67/77 | €320,763 | €361,244 | +€40,481 | +12.6% |
| Profit (loss) for the period | 9904 | €617,272 | €782,310 | +€165,038 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €617,272 | €782,310 | +€165,038 | +26.7% |
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 5 October 2026 via checked.be.