WR Holding: what changed
What changed
WR Holding
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€237,443
2025 · €261,090-€23,648
Equity
€972,104
2025 · €734,662+€237,443
Cash
€30,763
2025 · €76,971-€46,208
Balance sheet total
€4.3m
2025 · €4.4m-€111,431
Largest movements
Assets
- Receivables within one year -€55,239
down €55,239 (-45.8%), from €120,697 to €65,458
of which Trade receivables: -€62,460
- Cash -€46,208
down €46,208 (-60.0%), from €76,971 to €30,763
mainly Debts after one year (-€307,143) and Tax, wage and social debts (-€89,639)
Equity and liabilities
- Debts after one year -€307,143
down €307,143 (-9.4%), from €3.3m to €3.0m
of which Financial debts: -€257,143
- Reserves +€237,443
up €237,443 (+32.8%), from €724,662 to €962,104
- Tax, wage and social debts -€89,639
down €89,639 (-70.7%), from €126,734 to €37,095
of which Taxes: -€88,819
Income statement
- Gross operating margin -€44,047
down €44,047 (-8.4%), from €522,074 to €478,027
- Financial charges -€15,164
down €15,164 (-8.9%), from €169,500 to €154,336
- Taxes -€8,018
down €8,018 (-9.9%), from €80,797 to €72,780
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€261,090
Gross operating margin
-€44,047
Staff costs
-€1,875
Depreciation
-€925
Other operating charges
+€18
Financial charges
+€15,164
Taxes
+€8,018
Result 2026
€237,443
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€260,935
Investment
€0
Financing
-€307,143
Cash 2025
€76,971
From operations (derived)
+€260,935
Net result for the year
+€237,443
Depreciation
+€10,803
Receivables within one year
+€55,239
Deferred charges and accrued income
-€819
Trade debts
+€486
Tax, wage and social debts
-€89,639
Other debts
+€30,270
Accrued charges and deferred income
+€17,152
Financing
-€307,143
Debts after one year
-€307,143
Cash 2026
€30,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,444,941 | €4,333,510 | -€111,431 | -2.5% |
| Fixed assets | 21/28 | €4,245,601 | €4,234,797 | -€10,803 | -0.3% |
| Tangible fixed assets | 22/27 | €45,601 | €34,797 | -€10,803 | -23.7% |
| Land and buildings | 22 | €8,753 | €8,044 | -€710 | -8.1% |
| Plant, machinery and equipment | 23 | €3,385 | €3,111 | -€274 | -8.1% |
| Furniture and vehicles | 24 | €26,606 | €17,483 | -€9,123 | -34.3% |
| Other tangible fixed assets | 26 | €6,856 | €6,159 | -€697 | -10.2% |
| Financial fixed assets | 28 | €4,200,000 | €4,200,000 | = | 0.0% |
| Current assets | 29/58 | €199,340 | €98,712 | -€100,628 | -50.5% |
| Amounts receivable within one year | 40/41 | €120,697 | €65,458 | -€55,239 | -45.8% |
| Trade receivables | 40 | €120,697 | €58,238 | -€62,460 | -51.7% |
| Other amounts receivable | 41 | - | €7,220 | +€7,220 | |
| Cash at bank and in hand | 54/58 | €76,971 | €30,763 | -€46,208 | -60.0% |
| Deferred charges and accrued income | 490/1 | €1,672 | €2,492 | +€819 | +49.0% |
| Total equity and liabilities | 10/49 | €4,444,941 | €4,333,510 | -€111,431 | -2.5% |
| Equity | 10/15 | €734,662 | €972,104 | +€237,443 | +32.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €724,662 | €962,104 | +€237,443 | +32.8% |
| Distributable reserves | 133 | €724,662 | €962,104 | +€237,443 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,710,279 | €3,361,405 | -€348,874 | -9.4% |
| Amounts payable after more than one year | 17 | €3,282,857 | €2,975,714 | -€307,143 | -9.4% |
| Financial debts | 170/4 | €2,792,857 | €2,535,714 | -€257,143 | -9.2% |
| Other amounts payable | 178/9 | €490,000 | €440,000 | -€50,000 | -10.2% |
| Amounts payable within one year | 42/48 | €427,149 | €368,266 | -€58,883 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €257,143 | €257,143 | = | 0.0% |
| Trade debts | 44 | €2,230 | €2,716 | +€486 | +21.8% |
| Suppliers | 440/4 | €2,230 | €2,716 | +€486 | +21.8% |
| Taxes, remuneration and social security | 45 | €126,734 | €37,095 | -€89,639 | -70.7% |
| Taxes | 450/3 | €124,387 | €35,568 | -€88,819 | -71.4% |
| Remuneration and social security | 454/9 | €2,346 | €1,526 | -€820 | -34.9% |
| Other amounts payable | 47/48 | €41,042 | €71,312 | +€30,270 | +73.8% |
| Accrued charges and deferred income | 492/3 | €273 | €17,425 | +€17,152 | +6,292% |
| Remuneration, social security and pensions | 62 | - | €1,875 | +€1,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,878 | €10,803 | +€925 | +9.4% |
| Other operating charges | 640/8 | €808 | €790 | -€18 | -2.2% |
| Gross operating margin | 9900 | €522,074 | €478,027 | -€44,047 | -8.4% |
| Operating profit (loss) | 9901 | €511,388 | €464,558 | -€46,830 | -9.2% |
| Financial charges | 65/66B | €169,500 | €154,336 | -€15,164 | -8.9% |
| Recurring financial charges | 65 | €169,500 | €154,336 | -€15,164 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €341,888 | €310,222 | -€31,666 | -9.3% |
| Income taxes | 67/77 | €80,797 | €72,780 | -€8,018 | -9.9% |
| Profit (loss) for the period | 9904 | €261,090 | €237,443 | -€23,648 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €261,090 | €237,443 | -€23,648 | -9.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.