WRD MANAGEMENT: what changed
WRD MANAGEMENT
Largest movements
- Receivables within one year +€5,784
up €5,784 (+25.0%), from €23,171 to €28,955
of which Trade receivables: +€12,100
- Debts after one year -€36,839
down €36,839 (-31.2%), from €118,026 to €81,187
- Reserves +€30,160
up €30,160 (+15.4%), from €195,692 to €225,852
of which Distributable reserves: +€30,160
- Tax, wage and social debts +€6,559
up €6,559 (+84.6%), from €7,749 to €14,308
- Other debts +€6,006
up €6,006 (+29.1%), from €20,655 to €26,661
- Current portion of long-term debt +€4,325
up €4,325 (+12.2%), from €35,524 to €39,849
- Gross operating margin +€10,500
up €10,500 (+24.1%), from €43,585 to €54,085
- Taxes +€4,514
up €4,514 (+56.1%), from €8,039 to €12,553
- Financial charges -€1,895
down €1,895 (-14.8%), from €12,806 to €10,910
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,308 | €415,818 | +€10,509 | +2.6% |
| Fixed assets | 21/28 | €370,000 | €370,000 | = | 0.0% |
| Financial fixed assets | 28 | €370,000 | €370,000 | = | 0.0% |
| Current assets | 29/58 | €35,308 | €45,818 | +€10,509 | +29.8% |
| Amounts receivable within one year | 40/41 | €23,171 | €28,955 | +€5,784 | +25.0% |
| Trade receivables | 40 | €12,377 | €24,477 | +€12,100 | +97.8% |
| Other amounts receivable | 41 | €10,794 | €4,478 | -€6,316 | -58.5% |
| Cash at bank and in hand | 54/58 | €11,712 | €14,612 | +€2,900 | +24.8% |
| Deferred charges and accrued income | 490/1 | €424 | €2,250 | +€1,826 | +430% |
| Total equity and liabilities | 10/49 | €405,308 | €415,818 | +€10,509 | +2.6% |
| Equity | 10/15 | €221,392 | €251,552 | +€30,160 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,692 | €225,852 | +€30,160 | +15.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €193,832 | €223,992 | +€30,160 | +15.6% |
| Profit (loss) carried forward | 14 | €7,100 | €7,100 | = | 0.0% |
| Amounts payable | 17/49 | €183,916 | €164,266 | -€19,650 | -10.7% |
| Amounts payable after more than one year | 17 | €118,026 | €81,187 | -€36,839 | -31.2% |
| Financial debts | 170/4 | €118,026 | €81,187 | -€36,839 | -31.2% |
| Amounts payable within one year | 42/48 | €65,890 | €83,079 | +€17,189 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €35,524 | €39,849 | +€4,325 | +12.2% |
| Trade debts | 44 | €1,961 | €2,261 | +€300 | +15.3% |
| Suppliers | 440/4 | €1,961 | €2,261 | +€300 | +15.3% |
| Taxes, remuneration and social security | 45 | €7,749 | €14,308 | +€6,559 | +84.6% |
| Taxes | 450/3 | €7,749 | €14,308 | +€6,559 | +84.6% |
| Other amounts payable | 47/48 | €20,655 | €26,661 | +€6,006 | +29.1% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | €43,585 | €54,085 | +€10,500 | +24.1% |
| Operating profit (loss) | 9901 | €43,523 | €53,623 | +€10,100 | +23.2% |
| Financial charges | 65/66B | €12,806 | €10,910 | -€1,895 | -14.8% |
| Recurring financial charges | 65 | €12,806 | €10,910 | -€1,895 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €30,717 | €42,713 | +€11,995 | +39.1% |
| Income taxes | 67/77 | €8,039 | €12,553 | +€4,514 | +56.1% |
| Profit (loss) for the period | 9904 | €22,678 | €30,160 | +€7,481 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,678 | €30,160 | +€7,481 | +33.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.