WDVB: 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.
WDVB
Largest movements
- Cash +€60,249
up €60,249 (+93.7%), from €64,323 to €124,572
mainly Depreciation (+€48,037) and Net result for the year (+€40,788)
- Receivables within one year -€18,549
down €18,549 (-12.5%), from €147,816 to €129,267
of which Other amounts receivable: -€42,238
- Deferred charges and accrued income -€12,201
down €12,201 (-95.3%), from €12,801 to €600
- Trade debts +€26,694
up €26,694 (+670.8%), from €3,979 to €30,674
- Debts after one year -€7,841
down €7,841 (-2.3%), from €334,639 to €326,797
- Tax, wage and social debts +€7,332
up €7,332 (+30.0%), from €24,403 to €31,735
of which Taxes: +€6,650
- Gross operating margin +€43,448
up €43,448 (+16.6%), from €262,485 to €305,933
- Staff costs +€25,588
up €25,588 (+15.8%), from €161,961 to €187,549
- Depreciation +€3,391
up €3,391 (+7.6%), from €44,647 to €48,037
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 | €679,391 | €706,876 | +€27,485 | +4.0% |
| Fixed assets | 21/28 | €454,451 | €452,437 | -€2,014 | -0.4% |
| Tangible fixed assets | 22/27 | €454,451 | €452,437 | -€2,014 | -0.4% |
| Land and buildings | 22 | €410,303 | €390,194 | -€20,108 | -4.9% |
| Furniture and vehicles | 24 | €34,398 | €62,243 | +€27,845 | +80.9% |
| Leasing and similar rights | 25 | €9,750 | €0 | -€9,750 | -100.0% |
| Current assets | 29/58 | €224,941 | €254,439 | +€29,498 | +13.1% |
| Amounts receivable within one year | 40/41 | €147,816 | €129,267 | -€18,549 | -12.5% |
| Trade receivables | 40 | €31,279 | €54,968 | +€23,689 | +75.7% |
| Other amounts receivable | 41 | €116,537 | €74,299 | -€42,238 | -36.2% |
| Cash at bank and in hand | 54/58 | €64,323 | €124,572 | +€60,249 | +93.7% |
| Deferred charges and accrued income | 490/1 | €12,801 | €600 | -€12,201 | -95.3% |
| Total equity and liabilities | 10/49 | €679,391 | €706,876 | +€27,485 | +4.0% |
| Equity | 10/15 | €280,789 | €278,218 | -€2,571 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,189 | €259,618 | -€2,571 | -1.0% |
| Distributable reserves | 133 | €262,189 | €259,618 | -€2,571 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €398,603 | €428,659 | +€30,056 | +7.5% |
| Amounts payable after more than one year | 17 | €334,639 | €326,797 | -€7,841 | -2.3% |
| Financial debts | 170/4 | €334,639 | €326,797 | -€7,841 | -2.3% |
| Amounts payable within one year | 42/48 | €63,480 | €100,921 | +€37,441 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €33,723 | €35,487 | +€1,764 | +5.2% |
| Trade debts | 44 | €3,979 | €30,674 | +€26,694 | +670.8% |
| Suppliers | 440/4 | €3,979 | €30,674 | +€26,694 | +670.8% |
| Advances received on contracts in progress | 46 | €191 | €1,220 | +€1,030 | +539.6% |
| Taxes, remuneration and social security | 45 | €24,403 | €31,735 | +€7,332 | +30.0% |
| Taxes | 450/3 | €2,417 | €9,067 | +€6,650 | +275.2% |
| Remuneration and social security | 454/9 | €21,986 | €22,668 | +€682 | +3.1% |
| Other amounts payable | 47/48 | €1,184 | €1,805 | +€621 | +52.4% |
| Accrued charges and deferred income | 492/3 | €484 | €940 | +€456 | +94.3% |
| Remuneration, social security and pensions | 62 | €161,961 | €187,549 | +€25,588 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,647 | €48,037 | +€3,391 | +7.6% |
| Other operating charges | 640/8 | €3,450 | €4,462 | +€1,012 | +29.3% |
| Gross operating margin | 9900 | €262,485 | €305,933 | +€43,448 | +16.6% |
| Operating profit (loss) | 9901 | €52,427 | €65,884 | +€13,458 | +25.7% |
| Financial income | 75/76B | €251 | €10 | -€241 | -96.0% |
| Recurring financial income | 75 | €251 | €10 | -€241 | -96.0% |
| Financial charges | 65/66B | €9,086 | €10,923 | +€1,837 | +20.2% |
| Recurring financial charges | 65 | €9,086 | €10,923 | +€1,837 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €43,592 | €54,972 | +€11,380 | +26.1% |
| Income taxes | 67/77 | €11,537 | €14,183 | +€2,646 | +22.9% |
| Profit (loss) for the period | 9904 | €32,055 | €40,788 | +€8,734 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,055 | €40,788 | +€8,734 | +27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.