WV2: 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.
WV2
Largest movements
- Receivables within one year -€248,265
down €248,265 (-41.6%), from €596,115 to €347,851
- Tangible fixed assets -€222,160
down €222,160 (-19.1%), from €1.2m to €941,467
of which Other tangible fixed assets: -€201,494
- Cash +€45,288
up €45,288 (+17.5%), from €258,673 to €303,961
mainly Receivables within one year (+€248,265) and Depreciation (+€225,283)
- Profit (loss) carried forward -€554,964
down €554,964 (-46.6%), from €1.2m to €635,814
- Tax, wage and social debts +€118,607
up €118,607 (+39.9%), from €297,613 to €416,220
of which Remuneration and social security: +€88,797
- Turnover +€372,810
up €372,810 (+10.5%), from €3.6m to €3.9m
- Staff costs +€349,666
up €349,666 (+16.5%), from €2.1m to €2.5m
- Services and other goods +€55,474
up €55,474 (+5.5%), from €1.0m to €1.1m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,027,085 | €1,595,940 | -€431,144 | -21.3% |
| Fixed assets | 21/28 | €1,163,626 | €941,467 | -€222,160 | -19.1% |
| Tangible fixed assets | 22/27 | €1,163,626 | €941,467 | -€222,160 | -19.1% |
| Plant, machinery and equipment | 23 | €39,712 | €19,046 | -€20,666 | -52.0% |
| Other tangible fixed assets | 26 | €1,123,914 | €922,421 | -€201,494 | -17.9% |
| Current assets | 29/58 | €863,459 | €654,474 | -€208,985 | -24.2% |
| Amounts receivable within one year | 40/41 | €596,115 | €347,851 | -€248,265 | -41.6% |
| Trade receivables | 40 | €596,115 | €347,851 | -€248,265 | -41.6% |
| Cash at bank and in hand | 54/58 | €258,673 | €303,961 | +€45,288 | +17.5% |
| Deferred charges and accrued income | 490/1 | €8,670 | €2,662 | -€6,008 | -69.3% |
| Total equity and liabilities | 10/49 | €2,027,085 | €1,595,940 | -€431,144 | -21.3% |
| Equity | 10/15 | €1,425,553 | €878,222 | -€547,331 | -38.4% |
| Contributions | 10/11 | €207,581 | €207,581 | = | 0.0% |
| Capital | 10 | - | €207,581 | +€207,581 | |
| Issued capital | 100 | - | €207,581 | +€207,581 | |
| Reserves | 13 | €27,193 | €34,826 | +€7,633 | +28.1% |
| Non-distributable reserves | 130/1 | €2,255 | €7,633 | +€5,379 | +238.5% |
| Legal reserve | 130 | - | €7,633 | +€7,633 | |
| Reserves not available under the articles | 1311 | €2,255 | - | -€2,255 | |
| Tax-exempt reserves | 132 | €24,938 | €24,938 | = | 0.0% |
| Distributable reserves | 133 | - | €2,255 | +€2,255 | |
| Profit (loss) carried forward | 14 | €1,190,779 | €635,814 | -€554,964 | -46.6% |
| Amounts payable | 17/49 | €601,532 | €717,719 | +€116,187 | +19.3% |
| Amounts payable within one year | 42/48 | €601,532 | €717,719 | +€116,187 | +19.3% |
| Trade debts | 44 | €303,406 | €301,065 | -€2,341 | -0.8% |
| Suppliers | 440/4 | €303,406 | €301,065 | -€2,341 | -0.8% |
| Taxes, remuneration and social security | 45 | €297,613 | €416,220 | +€118,607 | +39.9% |
| Taxes | 450/3 | €20,250 | €50,060 | +€29,810 | +147.2% |
| Remuneration and social security | 454/9 | €277,363 | €366,160 | +€88,797 | +32.0% |
| Other amounts payable | 47/48 | €513 | €433 | -€79 | -15.5% |
| Operating income | 70/76A | €3,578,766 | €3,984,615 | +€405,850 | +11.3% |
| Turnover | 70 | €3,561,738 | €3,934,548 | +€372,810 | +10.5% |
| Other operating income | 74 | €17,028 | €50,067 | +€33,039 | +194.0% |
| Operating charges | 60/66A | €3,377,158 | €3,770,012 | +€392,854 | +11.6% |
| Services and other goods | 61 | €1,013,587 | €1,069,062 | +€55,474 | +5.5% |
| Remuneration, social security and pensions | 62 | €2,122,416 | €2,472,081 | +€349,666 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,697 | €225,283 | -€10,414 | -4.4% |
| Other operating charges | 640/8 | €5,458 | €3,586 | -€1,872 | -34.3% |
| Operating profit (loss) | 9901 | €201,608 | €214,603 | +€12,996 | +6.4% |
| Financial income | 75/76B | €24,630 | €7,431 | -€17,199 | -69.8% |
| Recurring financial income | 75 | €24,630 | €7,431 | -€17,199 | -69.8% |
| Income from current assets | 751 | €24,630 | €7,431 | -€17,199 | -69.8% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €208 | €305 | +€96 | +46.2% |
| Recurring financial charges | 65 | €208 | €305 | +€96 | +46.2% |
| Debt charges | 650 | - | €4 | +€4 | |
| Other financial charges | 652/9 | €208 | €301 | +€92 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €226,029 | €221,729 | -€4,300 | -1.9% |
| Income taxes | 67/77 | €67,311 | €69,060 | +€1,750 | +2.6% |
| Taxes | 670/3 | €67,311 | €69,060 | +€1,750 | +2.6% |
| Profit (loss) for the period | 9904 | €158,719 | €152,669 | -€6,050 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €158,719 | €152,669 | -€6,050 | -3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.