WV ADMIN: 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.
WV ADMIN
Largest movements
- Receivables within one year -€515,153
down €515,153 (-96.6%), from €533,370 to €18,217
of which Other amounts receivable: -€532,760
- Cash -€12,159
down €12,159 (-20.7%), from €58,862 to €46,703
mainly Other debts (-€520,124) and Contributions, distributions and other (-€42,969)
- Tangible fixed assets +€6,902
up €6,902 (+458%), from €1,507 to €8,410
of which Furniture and vehicles: +€6,754
- Other debts -€520,124
down €520,124 (-91.5%), from €568,493 to €48,369
- Financial income -€532,251
down €532,251 (-100%), from €532,251 to €0
- Gross operating margin +€1,133
up €1,133 (+1.9%), from €59,530 to €60,663
- Other operating charges +€865
up €865 (+91.6%), from €944 to €1,808
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 | €600,330 | €79,936 | -€520,395 | -86.7% |
| Fixed assets | 21/28 | €6,507 | €13,410 | +€6,902 | +106% |
| Tangible fixed assets | 22/27 | €1,507 | €8,410 | +€6,902 | +458% |
| Plant, machinery and equipment | 23 | €1,507 | €1,655 | +€148 | +9.8% |
| Furniture and vehicles | 24 | - | €6,754 | +€6,754 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €593,823 | €66,526 | -€527,297 | -88.8% |
| Amounts receivable within one year | 40/41 | €533,370 | €18,217 | -€515,153 | -96.6% |
| Trade receivables | 40 | €0 | €17,607 | +€17,607 | |
| Other amounts receivable | 41 | €533,370 | €611 | -€532,760 | -99.9% |
| Cash at bank and in hand | 54/58 | €58,862 | €46,703 | -€12,159 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,590 | €1,605 | +€15 | +0.9% |
| Total equity and liabilities | 10/49 | €600,330 | €79,936 | -€520,395 | -86.7% |
| Equity | 10/15 | €14,000 | €14,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €586,330 | €65,936 | -€520,395 | -88.8% |
| Amounts payable within one year | 42/48 | €586,330 | €64,876 | -€521,455 | -88.9% |
| Trade debts | 44 | €5,451 | €2,869 | -€2,582 | -47.4% |
| Suppliers | 440/4 | €5,451 | €2,869 | -€2,582 | -47.4% |
| Taxes, remuneration and social security | 45 | €12,386 | €13,637 | +€1,251 | +10.1% |
| Taxes | 450/3 | €12,386 | €13,637 | +€1,251 | +10.1% |
| Other amounts payable | 47/48 | €568,493 | €48,369 | -€520,124 | -91.5% |
| Accrued charges and deferred income | 492/3 | - | €1,060 | +€1,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892 | €828 | -€65 | -7.2% |
| Other operating charges | 640/8 | €944 | €1,808 | +€865 | +91.6% |
| Gross operating margin | 9900 | €59,530 | €60,663 | +€1,133 | +1.9% |
| Operating profit (loss) | 9901 | €57,694 | €58,027 | +€333 | +0.6% |
| Financial income | 75/76B | €532,251 | €0 | -€532,251 | -100% |
| Recurring financial income | 75 | €532,251 | €0 | -€532,251 | -100% |
| Financial charges | 65/66B | €3,449 | €3,132 | -€318 | -9.2% |
| Recurring financial charges | 65 | €3,449 | €3,132 | -€318 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €586,496 | €54,895 | -€531,601 | -90.6% |
| Income taxes | 67/77 | €12,025 | €11,927 | -€98 | -0.8% |
| Profit (loss) for the period | 9904 | €574,471 | €42,969 | -€531,502 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €574,471 | €42,969 | -€531,502 | -92.5% |
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.