WF RENOVATION: 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.
WF RENOVATION
Largest movements
- Cash +€71,107
up €71,107 (+52.3%), from €136,079 to €207,187
mainly Net result for the year (+€57,279) and Trade debts (+€50,266)
- Tangible fixed assets +€42,328
up €42,328 (+403%), from €10,493 to €52,821
of which Furniture and vehicles: +€43,813
- Receivables within one year +€12,090
up €12,090 (+8.9%), from €136,021 to €148,111
of which Trade receivables: +€49,633
- Trade debts +€50,266
up €50,266 (+663%), from €7,583 to €57,849
- Profit (loss) carried forward +€27,867
up €27,867 (+11.4%), from €245,461 to €273,328
- Other debts +€25,000
new in 2025: €25,000
- Current portion of long-term debt +€10,491
up €10,491 (+175%), from €5,997 to €16,488
- Debts after one year +€7,783
up €7,783 (+124%), from €6,267 to €14,050
- Gross operating margin +€6,248
up €6,248 (+7.4%), from €84,093 to €90,341
- Depreciation +€4,350
up €4,350 (+34.5%), from €12,598 to €16,948
- Taxes +€1,404
up €1,404 (+9.7%), from €14,554 to €15,958
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 | €285,279 | €413,399 | +€128,119 | +44.9% |
| Fixed assets | 21/28 | €11,459 | €53,787 | +€42,328 | +369% |
| Tangible fixed assets | 22/27 | €10,493 | €52,821 | +€42,328 | +403% |
| Plant, machinery and equipment | 23 | €4,080 | €2,596 | -€1,485 | -36.4% |
| Furniture and vehicles | 24 | €6,413 | €50,225 | +€43,813 | +683% |
| Financial fixed assets | 28 | €966 | €966 | = | 0.0% |
| Current assets | 29/58 | €273,820 | €359,612 | +€85,791 | +31.3% |
| Amounts receivable within one year | 40/41 | €136,021 | €148,111 | +€12,090 | +8.9% |
| Trade receivables | 40 | €48,609 | €98,243 | +€49,633 | +102% |
| Other amounts receivable | 41 | €87,412 | €49,868 | -€37,544 | -43.0% |
| Cash at bank and in hand | 54/58 | €136,079 | €207,187 | +€71,107 | +52.3% |
| Deferred charges and accrued income | 490/1 | €1,720 | €4,314 | +€2,594 | +151% |
| Total equity and liabilities | 10/49 | €285,279 | €413,399 | +€128,119 | +44.9% |
| Equity | 10/15 | €250,461 | €278,328 | +€27,867 | +11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,461 | €273,328 | +€27,867 | +11.4% |
| Amounts payable | 17/49 | €34,818 | €135,071 | +€100,252 | +288% |
| Amounts payable after more than one year | 17 | €6,267 | €14,050 | +€7,783 | +124% |
| Financial debts | 170/4 | €6,267 | €14,050 | +€7,783 | +124% |
| Amounts payable within one year | 42/48 | €28,551 | €121,020 | +€92,469 | +324% |
| Current portion of amounts payable after more than one year | 42 | €5,997 | €16,488 | +€10,491 | +175% |
| Trade debts | 44 | €7,583 | €57,849 | +€50,266 | +663% |
| Suppliers | 440/4 | €7,583 | €57,849 | +€50,266 | +663% |
| Taxes, remuneration and social security | 45 | €14,971 | €21,684 | +€6,712 | +44.8% |
| Taxes | 450/3 | €14,971 | €21,684 | +€6,712 | +44.8% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,598 | €16,948 | +€4,350 | +34.5% |
| Other operating charges | 640/8 | €2,068 | €1,601 | -€467 | -22.6% |
| Gross operating margin | 9900 | €84,093 | €90,341 | +€6,248 | +7.4% |
| Operating profit (loss) | 9901 | €69,426 | €71,792 | +€2,366 | +3.4% |
| Financial income | 75/76B | €3,604 | €2,854 | -€750 | -20.8% |
| Recurring financial income | 75 | €3,604 | €2,854 | -€750 | -20.8% |
| Financial charges | 65/66B | €1,234 | €1,409 | +€175 | +14.2% |
| Recurring financial charges | 65 | €1,234 | €1,409 | +€175 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €71,796 | €73,237 | +€1,441 | +2.0% |
| Income taxes | 67/77 | €14,554 | €15,958 | +€1,404 | +9.7% |
| Profit (loss) for the period | 9904 | €57,242 | €57,279 | +€36 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,242 | €57,279 | +€36 | +0.1% |
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 29 October 2026 via checked.be.