WLV: 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.
WLV
Largest movements
- Receivables within one year +€11,937
up €11,937 (+313%), from €3,811 to €15,748
of which Trade receivables: +€6,050
- Tangible fixed assets -€8,995
down €8,995 (-21.8%), from €41,177 to €32,183
- Cash -€8,322
down €8,322 (-74.1%), from €11,228 to €2,905
mainly Receivables within one year (-€11,937) and Debts after one year (-€8,779)
- Debts after one year -€8,779
down €8,779 (-26.5%), from €33,154 to €24,375
- Profit (loss) carried forward +€2,360
up €2,360 (+57.1%), from €4,134 to €6,493
- Tax, wage and social debts +€1,088
up €1,088 (+17.2%), from €6,315 to €7,403
- Turnover -€58,500
no longer reported in 2025 (was €58,500)
- Purchases and services -€46,152
no longer reported in 2025 (was €46,152)
- Gross operating margin +€5,754
up €5,754 (+44.4%), from €12,961 to €18,715
- Depreciation +€5,199
up €5,199 (+137%), from €3,796 to €8,995
- Other operating charges +€3,515
up €3,515 (+907%), from €387 to €3,902
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 | €56,408 | €51,012 | -€5,397 | -9.6% |
| Fixed assets | 21/28 | €41,177 | €32,183 | -€8,995 | -21.8% |
| Tangible fixed assets | 22/27 | €41,177 | €32,183 | -€8,995 | -21.8% |
| Furniture and vehicles | 24 | €41,177 | €32,183 | -€8,995 | -21.8% |
| Current assets | 29/58 | €15,231 | €18,829 | +€3,598 | +23.6% |
| Amounts receivable within one year | 40/41 | €3,811 | €15,748 | +€11,937 | +313% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €3,811 | €9,698 | +€5,887 | +154% |
| Cash at bank and in hand | 54/58 | €11,228 | €2,905 | -€8,322 | -74.1% |
| Deferred charges and accrued income | 490/1 | €193 | €176 | -€17 | -8.6% |
| Total equity and liabilities | 10/49 | €56,408 | €51,012 | -€5,397 | -9.6% |
| Equity | 10/15 | €7,134 | €9,493 | +€2,360 | +33.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,134 | €6,493 | +€2,360 | +57.1% |
| Amounts payable | 17/49 | €49,275 | €41,518 | -€7,756 | -15.7% |
| Amounts payable after more than one year | 17 | €33,154 | €24,375 | -€8,779 | -26.5% |
| Financial debts | 170/4 | €33,154 | €24,375 | -€8,779 | -26.5% |
| Amounts payable within one year | 42/48 | €16,120 | €17,143 | +€1,023 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €8,435 | €8,779 | +€345 | +4.1% |
| Trade debts | 44 | €1,371 | €961 | -€410 | -29.9% |
| Suppliers | 440/4 | €1,371 | €961 | -€410 | -29.9% |
| Taxes, remuneration and social security | 45 | €6,315 | €7,403 | +€1,088 | +17.2% |
| Taxes | 450/3 | €6,315 | €7,403 | +€1,088 | +17.2% |
| Turnover | 70 | €58,500 | - | -€58,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,152 | - | -€46,152 | |
| Remuneration, social security and pensions | 62 | €1,493 | - | -€1,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €8,995 | +€5,199 | +137% |
| Other operating charges | 640/8 | €387 | €3,902 | +€3,515 | +907% |
| Gross operating margin | 9900 | €12,961 | €18,715 | +€5,754 | +44.4% |
| Operating profit (loss) | 9901 | €7,285 | €5,818 | -€1,467 | -20.1% |
| Financial income | 75/76B | - | €366 | +€366 | |
| Recurring financial income | 75 | - | €366 | +€366 | |
| Financial charges | 65/66B | €1,002 | €1,723 | +€721 | +71.9% |
| Recurring financial charges | 65 | €1,002 | €1,723 | +€721 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €6,283 | €4,461 | -€1,822 | -29.0% |
| Income taxes | 67/77 | €2,149 | €2,102 | -€47 | -2.2% |
| Profit (loss) for the period | 9904 | €4,134 | €2,360 | -€1,774 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,134 | €2,360 | -€1,774 | -42.9% |
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 14 October 2026 via checked.be.