WL CORP: 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.
WL CORP
Largest movements
- Receivables after one year +€92,216
up €92,216 (+602%), from €15,319 to €107,535
- Tangible fixed assets -€52,060
down €52,060 (-19.7%), from €264,214 to €212,154
of which Furniture and vehicles: -€27,616
- Cash -€14,207
down €14,207 (-18.3%), from €77,816 to €63,610
mainly Receivables after one year (-€92,216) and Debts after one year (-€42,776)
- Deferred charges and accrued income +€6,710
up €6,710 (+13.2%), from €50,792 to €57,502
- Receivables within one year -€6,310
down €6,310 (-24.6%), from €25,665 to €19,355
of which Other amounts receivable: -€4,175
- Trade debts +€47,900
up €47,900 (+25.4%), from €188,534 to €236,434
- Debts after one year -€42,776
down €42,776 (-49.5%), from €86,481 to €43,705
- Tax, wage and social debts +€13,621
up €13,621 (+27.1%), from €50,181 to €63,801
of which Taxes: +€15,335
- Profit (loss) carried forward +€11,076
up €11,076 (+21.4%), from €51,849 to €62,925
- Staff costs +€12,334
up €12,334 (+3.5%), from €353,091 to €365,425
- Gross operating margin -€7,980
down €7,980 (-1.7%), from €470,407 to €462,427
- Other operating charges +€6,636
up €6,636 (+71.8%), from €9,238 to €15,873
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 | €458,877 | €484,792 | +€25,915 | +5.6% |
| Fixed assets | 21/28 | €282,537 | €227,479 | -€55,059 | -19.5% |
| Intangible fixed assets | 21 | €18,123 | €15,125 | -€2,998 | -16.5% |
| Tangible fixed assets | 22/27 | €264,214 | €212,154 | -€52,060 | -19.7% |
| Furniture and vehicles | 24 | €113,306 | €85,690 | -€27,616 | -24.4% |
| Other tangible fixed assets | 26 | €150,908 | €126,464 | -€24,444 | -16.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €176,340 | €257,314 | +€80,974 | +45.9% |
| Amounts receivable after more than one year | 29 | €15,319 | €107,535 | +€92,216 | +602% |
| Other amounts receivable | 291 | €15,319 | €107,535 | +€92,216 | +602% |
| Stocks and contracts in progress | 3 | €6,748 | €9,312 | +€2,564 | +38.0% |
| Stocks | 30/36 | €6,748 | €9,312 | +€2,564 | +38.0% |
| Amounts receivable within one year | 40/41 | €25,665 | €19,355 | -€6,310 | -24.6% |
| Trade receivables | 40 | €17,172 | €15,037 | -€2,135 | -12.4% |
| Other amounts receivable | 41 | €8,493 | €4,318 | -€4,175 | -49.2% |
| Cash at bank and in hand | 54/58 | €77,816 | €63,610 | -€14,207 | -18.3% |
| Deferred charges and accrued income | 490/1 | €50,792 | €57,502 | +€6,710 | +13.2% |
| Total equity and liabilities | 10/49 | €458,877 | €484,792 | +€25,915 | +5.6% |
| Equity | 10/15 | €88,121 | €94,385 | +€6,264 | +7.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,849 | €62,925 | +€11,076 | +21.4% |
| Investment grants | 15 | €31,273 | €26,461 | -€4,812 | -15.4% |
| Amounts payable | 17/49 | €370,756 | €390,407 | +€19,651 | +5.3% |
| Amounts payable after more than one year | 17 | €86,481 | €43,705 | -€42,776 | -49.5% |
| Financial debts | 170/4 | €86,481 | €43,705 | -€42,776 | -49.5% |
| Amounts payable within one year | 42/48 | €284,031 | €343,012 | +€58,981 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €45,316 | €42,776 | -€2,539 | -5.6% |
| Trade debts | 44 | €188,534 | €236,434 | +€47,900 | +25.4% |
| Suppliers | 440/4 | €188,534 | €236,434 | +€47,900 | +25.4% |
| Taxes, remuneration and social security | 45 | €50,181 | €63,801 | +€13,621 | +27.1% |
| Taxes | 450/3 | €3,073 | €18,408 | +€15,335 | +499% |
| Remuneration and social security | 454/9 | €47,108 | €45,394 | -€1,714 | -3.6% |
| Accrued charges and deferred income | 492/3 | €244 | €3,690 | +€3,446 | +1,412% |
| Remuneration, social security and pensions | 62 | €353,091 | €365,425 | +€12,334 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,285 | €57,108 | +€822 | +1.5% |
| Other operating charges | 640/8 | €9,238 | €15,873 | +€6,636 | +71.8% |
| Gross operating margin | 9900 | €470,407 | €462,427 | -€7,980 | -1.7% |
| Operating profit (loss) | 9901 | €51,792 | €24,021 | -€27,772 | -53.6% |
| Financial income | 75/76B | €4,824 | €4,812 | -€12 | -0.2% |
| Recurring financial income | 75 | €4,824 | €4,812 | -€12 | -0.2% |
| Financial charges | 65/66B | €15,782 | €13,976 | -€1,806 | -11.4% |
| Recurring financial charges | 65 | €15,782 | €13,976 | -€1,806 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €40,834 | €14,857 | -€25,977 | -63.6% |
| Income taxes | 67/77 | - | €3,781 | +€3,781 | |
| Profit (loss) for the period | 9904 | €40,834 | €11,076 | -€29,757 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,834 | €11,076 | -€29,757 | -72.9% |
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 15 October 2026 via checked.be.