WV Services: what changed
Two fiscal 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 Services
Largest movements
- Tangible fixed assets -€28,981
down €28,981 (-10.6%), from €274,250 to €245,269
of which Land and buildings: -€15,900
- Receivables within one year +€14,926
up €14,926 (+66.4%), from €22,492 to €37,418
of which Trade receivables: +€14,760
- Debts after one year -€52,334
down €52,334 (-58.6%), from €89,334 to €37,000
- Profit (loss) carried forward +€42,880
up €42,880 (+29.5%), from €145,261 to €188,141
- Current portion of long-term debt -€6,066
down €6,066 (-16.7%), from €36,400 to €30,334
- Gross operating margin -€17,119
down €17,119 (-16.3%), from €105,203 to €88,084
- Taxes -€4,700
down €4,700 (-30.5%), from €15,427 to €10,727
- Financial charges +€2,965
up €2,965 (+274.8%), from €1,079 to €4,044
- Depreciation +€2,570
up €2,570 (+9.7%), from €26,410 to €28,981
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.
Cash bridge derived
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 | €301,546 | €287,382 | -€14,164 | -4.7% |
| Fixed assets | 21/28 | €274,250 | €245,269 | -€28,981 | -10.6% |
| Tangible fixed assets | 22/27 | €274,250 | €245,269 | -€28,981 | -10.6% |
| Land and buildings | 22 | €220,348 | €204,448 | -€15,900 | -7.2% |
| Furniture and vehicles | 24 | €53,902 | €40,821 | -€13,080 | -24.3% |
| Current assets | 29/58 | €27,296 | €42,113 | +€14,817 | +54.3% |
| Amounts receivable within one year | 40/41 | €22,492 | €37,418 | +€14,926 | +66.4% |
| Trade receivables | 40 | €20,941 | €35,702 | +€14,760 | +70.5% |
| Other amounts receivable | 41 | €1,551 | €1,717 | +€166 | +10.7% |
| Cash at bank and in hand | 54/58 | €4,804 | €4,694 | -€109 | -2.3% |
| Total equity and liabilities | 10/49 | €301,546 | €287,382 | -€14,164 | -4.7% |
| Equity | 10/15 | €148,261 | €191,141 | +€42,880 | +28.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,261 | €188,141 | +€42,880 | +29.5% |
| Amounts payable | 17/49 | €153,284 | €96,241 | -€57,044 | -37.2% |
| Amounts payable after more than one year | 17 | €89,334 | €37,000 | -€52,334 | -58.6% |
| Financial debts | 170/4 | €89,334 | €37,000 | -€52,334 | -58.6% |
| Amounts payable within one year | 42/48 | €60,927 | €59,213 | -€1,713 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €36,400 | €30,334 | -€6,066 | -16.7% |
| Trade debts | 44 | €1,210 | €2,874 | +€1,664 | +137.5% |
| Suppliers | 440/4 | €1,210 | €2,874 | +€1,664 | +137.5% |
| Taxes, remuneration and social security | 45 | €23,317 | €24,445 | +€1,129 | +4.8% |
| Taxes | 450/3 | €23,317 | €24,445 | +€1,129 | +4.8% |
| Other amounts payable | 47/48 | - | €1,561 | +€1,561 | |
| Accrued charges and deferred income | 492/3 | €3,024 | €27 | -€2,997 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,410 | €28,981 | +€2,570 | +9.7% |
| Other operating charges | 640/8 | €1,546 | €1,451 | -€95 | -6.1% |
| Gross operating margin | 9900 | €105,203 | €88,084 | -€17,119 | -16.3% |
| Operating profit (loss) | 9901 | €77,247 | €57,652 | -€19,595 | -25.4% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,079 | €4,044 | +€2,965 | +274.8% |
| Recurring financial charges | 65 | €1,079 | €4,044 | +€2,965 | +274.8% |
| Profit (loss) for the period before taxes | 9903 | €76,171 | €53,608 | -€22,564 | -29.6% |
| Income taxes | 67/77 | €15,427 | €10,727 | -€4,700 | -30.5% |
| Profit (loss) for the period | 9904 | €60,744 | €42,880 | -€17,864 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,744 | €42,880 | -€17,864 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.