WEDARVA: 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.
WEDARVA
Largest movements
- Cash -€142,737
down €142,737 (-84.4%), from €169,142 to €26,405
mainly Contributions, distributions and other (-€271,254) and Debts after one year (-€62,173)
- Tangible fixed assets -€46,360
down €46,360 (-5.4%), from €860,413 to €814,054
- Deferred charges and accrued income +€36,661
up €36,661 (+206.1%), from €17,789 to €54,450
- Reserves -€152,129
down €152,129 (-55.7%), from €273,114 to €120,985
of which Distributable reserves: -€152,129
- Other debts +€67,314
up €67,314 (+59.7%), from €112,686 to €180,000
- Debts after one year -€62,173
down €62,173 (-10.9%), from €572,589 to €510,417
- Accrued charges and deferred income -€16,550
down €16,550 (-100.0%), from €16,550 to €0
- Gross operating margin +€5,775
up €5,775 (+2.7%), from €217,372 to €223,147
- Depreciation +€5,694
up €5,694 (+14.3%), from €39,763 to €45,458
- Financial charges -€2,540
down €2,540 (-29.8%), from €8,534 to €5,994
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,059,332 | €896,846 | -€162,487 | -15.3% |
| Fixed assets | 21/28 | €860,413 | €814,054 | -€46,360 | -5.4% |
| Tangible fixed assets | 22/27 | €860,413 | €814,054 | -€46,360 | -5.4% |
| Land and buildings | 22 | €860,413 | €814,054 | -€46,360 | -5.4% |
| Current assets | 29/58 | €198,919 | €82,792 | -€116,127 | -58.4% |
| Amounts receivable within one year | 40/41 | €11,988 | €1,937 | -€10,051 | -83.8% |
| Trade receivables | 40 | €108 | €0 | -€108 | -100.0% |
| Other amounts receivable | 41 | €11,880 | €1,937 | -€9,943 | -83.7% |
| Cash at bank and in hand | 54/58 | €169,142 | €26,405 | -€142,737 | -84.4% |
| Deferred charges and accrued income | 490/1 | €17,789 | €54,450 | +€36,661 | +206.1% |
| Total equity and liabilities | 10/49 | €1,059,332 | €896,846 | -€162,487 | -15.3% |
| Equity | 10/15 | €279,314 | €127,185 | -€152,129 | -54.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,114 | €120,985 | -€152,129 | -55.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €271,254 | €119,125 | -€152,129 | -56.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €780,018 | €769,661 | -€10,358 | -1.3% |
| Amounts payable after more than one year | 17 | €572,589 | €510,417 | -€62,173 | -10.9% |
| Financial debts | 170/4 | €572,589 | €510,417 | -€62,173 | -10.9% |
| Amounts payable within one year | 42/48 | €190,879 | €259,244 | +€68,365 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €73,375 | €73,999 | +€624 | +0.9% |
| Trade debts | 44 | €14 | €0 | -€14 | -100.0% |
| Suppliers | 440/4 | €14 | €0 | -€14 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,804 | €5,245 | +€441 | +9.2% |
| Taxes | 450/3 | €4,804 | €5,245 | +€441 | +9.2% |
| Other amounts payable | 47/48 | €112,686 | €180,000 | +€67,314 | +59.7% |
| Accrued charges and deferred income | 492/3 | €16,550 | €0 | -€16,550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,763 | €45,458 | +€5,694 | +14.3% |
| Other operating charges | 640/8 | €12,654 | €13,174 | +€520 | +4.1% |
| Gross operating margin | 9900 | €217,372 | €223,147 | +€5,775 | +2.7% |
| Operating profit (loss) | 9901 | €164,954 | €164,516 | -€439 | -0.3% |
| Financial income | 75/76B | €648 | €312 | -€337 | -51.9% |
| Recurring financial income | 75 | €648 | €312 | -€337 | -51.9% |
| Financial charges | 65/66B | €8,534 | €5,994 | -€2,540 | -29.8% |
| Recurring financial charges | 65 | €8,534 | €5,994 | -€2,540 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €157,069 | €158,833 | +€1,764 | +1.1% |
| Income taxes | 67/77 | €39,267 | €39,708 | +€441 | +1.1% |
| Profit (loss) for the period | 9904 | €117,802 | €119,125 | +€1,323 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,802 | €119,125 | +€1,323 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.