WV CONSULT: 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 CONSULT
Largest movements
- Cash +€219,147
up €219,147 (+562%), from €38,973 to €258,121
mainly Net result for the year (+€390,263) and Tax, wage and social debts (+€41,713)
- Financial fixed assets +€182,433
up €182,433 (+562%), from €32,474 to €214,907
- Current investments +€43,080
up €43,080 (+3.9%), from €1.1m to €1.1m
- Reserves +€390,263
up €390,263 (+34.8%), from €1.1m to €1.5m
of which Distributable reserves: +€390,263
- Tax, wage and social debts +€41,713
up €41,713 (+48.9%), from €85,388 to €127,101
- Financial income -€527,666
down €527,666 (-56.3%), from €937,924 to €410,258
of which Non-recurring financial income: -€546,852
- Gross operating margin +€50,502
up €50,502 (+251%), from €20,137 to €70,639
- Taxes -€40,092
down €40,092 (-42.4%), from €94,604 to €54,511
- Financial charges -€6,874
down €6,874, from €5,552 to -€1,322
- Depreciation -€1,718
down €1,718 (-32.9%), from €5,215 to €3,497
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 | €1,234,771 | €1,678,431 | +€443,660 | +35.9% |
| Fixed assets | 21/28 | €54,570 | €228,583 | +€174,013 | +319% |
| Tangible fixed assets | 22/27 | €22,096 | €13,676 | -€8,420 | -38.1% |
| Plant, machinery and equipment | 23 | €1,111 | €731 | -€380 | -34.2% |
| Furniture and vehicles | 24 | €20,870 | €12,945 | -€7,925 | -38.0% |
| Other tangible fixed assets | 26 | €115 | €0 | -€115 | -100% |
| Financial fixed assets | 28 | €32,474 | €214,907 | +€182,433 | +562% |
| Current assets | 29/58 | €1,180,201 | €1,449,848 | +€269,647 | +22.8% |
| Amounts receivable within one year | 40/41 | €40,397 | €46,864 | +€6,467 | +16.0% |
| Trade receivables | 40 | €21,802 | €23,006 | +€1,204 | +5.5% |
| Other amounts receivable | 41 | €18,595 | €23,858 | +€5,263 | +28.3% |
| Current investments | 50/53 | €1,098,172 | €1,141,252 | +€43,080 | +3.9% |
| Cash at bank and in hand | 54/58 | €38,973 | €258,121 | +€219,147 | +562% |
| Deferred charges and accrued income | 490/1 | €2,659 | €3,611 | +€952 | +35.8% |
| Total equity and liabilities | 10/49 | €1,234,771 | €1,678,431 | +€443,660 | +35.9% |
| Equity | 10/15 | €1,128,056 | €1,518,319 | +€390,263 | +34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,121,856 | €1,512,119 | +€390,263 | +34.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,121,856 | €1,512,119 | +€390,263 | +34.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €106,715 | €160,113 | +€53,397 | +50.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €106,715 | €160,113 | +€53,397 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €372 | €33 | -€339 | -91.1% |
| Credit institutions | 430/8 | €372 | €33 | -€339 | -91.1% |
| Trade debts | 44 | €20,955 | €31,457 | +€10,502 | +50.1% |
| Suppliers | 440/4 | €20,955 | €31,457 | +€10,502 | +50.1% |
| Taxes, remuneration and social security | 45 | €85,388 | €127,101 | +€41,713 | +48.9% |
| Taxes | 450/3 | €85,388 | €127,101 | +€41,713 | +48.9% |
| Other amounts payable | 47/48 | €0 | €1,521 | +€1,521 | |
| Non-recurring operating income | 76A | - | €6,784 | +€6,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,215 | €3,497 | -€1,718 | -32.9% |
| Other operating charges | 640/8 | €792 | €776 | -€16 | -2.0% |
| Non-recurring operating charges | 66A | - | €33,172 | +€33,172 | |
| Gross operating margin | 9900 | €20,137 | €70,639 | +€50,502 | +251% |
| Operating profit (loss) | 9901 | €14,130 | €33,194 | +€19,064 | +135% |
| Financial income | 75/76B | €937,924 | €410,258 | -€527,666 | -56.3% |
| Recurring financial income | 75 | €4,950 | €24,136 | +€19,186 | +388% |
| Non-recurring financial income | 76B | €932,974 | €386,122 | -€546,852 | -58.6% |
| Financial charges | 65/66B | €5,552 | -€1,322 | -€6,874 | |
| Recurring financial charges | 65 | €5,552 | -€1,322 | -€6,874 | |
| Profit (loss) for the period before taxes | 9903 | €946,503 | €444,774 | -€501,729 | -53.0% |
| Income taxes | 67/77 | €94,604 | €54,511 | -€40,092 | -42.4% |
| Profit (loss) for the period | 9904 | €851,899 | €390,263 | -€461,636 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €851,899 | €390,263 | -€461,636 | -54.2% |
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 20 October 2026 via checked.be.