WLH: 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.
WLH
Largest movements
- Cash +€140,474
up €140,474 (+457%), from €30,769 to €171,244
mainly Current investments (+€93,913) and Net result for the year (+€51,780)
- Current investments -€93,913
down €93,913 (-77.6%), from €121,022 to €27,109
- Tangible fixed assets +€29,044
up €29,044 (+3,366%), from €863 to €29,907
of which Other tangible fixed assets: +€28,128
- Receivables within one year -€11,164
down €11,164 (-95.2%), from €11,728 to €564
- Reserves +€51,780
up €51,780 (+39.5%), from €131,111 to €182,891
- Tax, wage and social debts +€13,277
up €13,277 (+85.2%), from €15,588 to €28,865
- Gross operating margin -€6,201
down €6,201 (-8.2%), from €75,748 to €69,548
- Depreciation +€2,060
up €2,060 (+549%), from €375 to €2,435
- Taxes -€1,999
down €1,999 (-12.6%), from €15,808 to €13,809
- Other operating charges +€1,862
up €1,862 (+363%), from €513 to €2,375
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 | €164,621 | €229,532 | +€64,911 | +39.4% |
| Fixed assets | 21/28 | €863 | €29,907 | +€29,044 | +3,366% |
| Tangible fixed assets | 22/27 | €863 | €29,907 | +€29,044 | +3,366% |
| Plant, machinery and equipment | 23 | - | €1,291 | +€1,291 | |
| Furniture and vehicles | 24 | €863 | €487 | -€375 | -43.5% |
| Other tangible fixed assets | 26 | - | €28,128 | +€28,128 | |
| Current assets | 29/58 | €163,758 | €199,625 | +€35,867 | +21.9% |
| Amounts receivable within one year | 40/41 | €11,728 | €564 | -€11,164 | -95.2% |
| Trade receivables | 40 | €11,728 | €564 | -€11,164 | -95.2% |
| Current investments | 50/53 | €121,022 | €27,109 | -€93,913 | -77.6% |
| Cash at bank and in hand | 54/58 | €30,769 | €171,244 | +€140,474 | +457% |
| Deferred charges and accrued income | 490/1 | €238 | €709 | +€471 | +198% |
| Total equity and liabilities | 10/49 | €164,621 | €229,532 | +€64,911 | +39.4% |
| Equity | 10/15 | €136,111 | €187,891 | +€51,780 | +38.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,111 | €182,891 | +€51,780 | +39.5% |
| Distributable reserves | 133 | €131,111 | €182,891 | +€51,780 | +39.5% |
| Amounts payable | 17/49 | €28,510 | €41,641 | +€13,131 | +46.1% |
| Amounts payable within one year | 42/48 | €28,510 | €41,641 | +€13,131 | +46.1% |
| Trade debts | 44 | €39 | €1,562 | +€1,523 | +3,859% |
| Suppliers | 440/4 | €39 | €1,562 | +€1,523 | +3,859% |
| Taxes, remuneration and social security | 45 | €15,588 | €28,865 | +€13,277 | +85.2% |
| Taxes | 450/3 | €15,588 | €28,865 | +€13,277 | +85.2% |
| Other amounts payable | 47/48 | €12,883 | €11,214 | -€1,669 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €2,435 | +€2,060 | +549% |
| Other operating charges | 640/8 | €513 | €2,375 | +€1,862 | +363% |
| Gross operating margin | 9900 | €75,748 | €69,548 | -€6,201 | -8.2% |
| Operating profit (loss) | 9901 | €74,860 | €64,738 | -€10,123 | -13.5% |
| Financial income | 75/76B | €1,718 | €1,683 | -€35 | -2.1% |
| Recurring financial income | 75 | €1,718 | €1,683 | -€35 | -2.1% |
| Financial charges | 65/66B | €1,008 | €832 | -€176 | -17.5% |
| Recurring financial charges | 65 | €1,008 | €832 | -€176 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €75,571 | €65,589 | -€9,982 | -13.2% |
| Income taxes | 67/77 | €15,808 | €13,809 | -€1,999 | -12.6% |
| Profit (loss) for the period | 9904 | €59,762 | €51,780 | -€7,982 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,762 | €51,780 | -€7,982 | -13.4% |
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 14 October 2026 via checked.be.