WVA - L&L: 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.
WVA - L&L
Largest movements
- Tangible fixed assets -€19,936
down €19,936 (-74.4%), from €26,814 to €6,878
of which Land and buildings: -€11,014
- Cash +€13,288
up €13,288 (+14.0%), from €95,076 to €108,364
mainly Net result for the year (+€31,764) and Depreciation (+€19,936)
- Receivables within one year -€8,907
down €8,907 (-49.2%), from €18,121 to €9,214
of which Trade receivables: -€12,386
- Advances received -€11,461
down €11,461 (-100%), from €11,461 to €0
- Profit (loss) carried forward -€8,097
down €8,097 (-20.3%), from €39,860 to €31,764
- Other debts +€3,816
up €3,816 (+5.9%), from €65,101 to €68,917
- Gross operating margin -€17,895
down €17,895 (-21.6%), from €83,021 to €65,126
- Depreciation -€5,117
down €5,117 (-20.4%), from €25,053 to €19,936
- Taxes -€3,907
down €3,907 (-25.5%), from €15,316 to €11,409
- Other operating charges -€1,061
down €1,061 (-38.7%), from €2,741 to €1,680
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 | €140,010 | €124,456 | -€15,555 | -11.1% |
| Fixed assets | 21/28 | €26,814 | €6,878 | -€19,936 | -74.4% |
| Tangible fixed assets | 22/27 | €26,814 | €6,878 | -€19,936 | -74.4% |
| Land and buildings | 22 | €14,164 | €3,150 | -€11,014 | -77.8% |
| Plant, machinery and equipment | 23 | €4,068 | €660 | -€3,408 | -83.8% |
| Furniture and vehicles | 24 | €8,582 | €3,068 | -€5,514 | -64.3% |
| Current assets | 29/58 | €113,197 | €117,578 | +€4,382 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,121 | €9,214 | -€8,907 | -49.2% |
| Trade receivables | 40 | €17,014 | €4,628 | -€12,386 | -72.8% |
| Other amounts receivable | 41 | €1,107 | €4,586 | +€3,479 | +314% |
| Cash at bank and in hand | 54/58 | €95,076 | €108,364 | +€13,288 | +14.0% |
| Total equity and liabilities | 10/49 | €140,010 | €124,456 | -€15,555 | -11.1% |
| Equity | 10/15 | €59,860 | €51,764 | -€8,097 | -13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,860 | €31,764 | -€8,097 | -20.3% |
| Amounts payable | 17/49 | €80,150 | €72,692 | -€7,458 | -9.3% |
| Amounts payable within one year | 42/48 | €80,150 | €72,692 | -€7,458 | -9.3% |
| Trade debts | 44 | €1,820 | €2,770 | +€950 | +52.2% |
| Suppliers | 440/4 | €1,820 | €2,770 | +€950 | +52.2% |
| Advances received on contracts in progress | 46 | €11,461 | €0 | -€11,461 | -100% |
| Taxes, remuneration and social security | 45 | €1,768 | €1,005 | -€762 | -43.1% |
| Taxes | 450/3 | €772 | €0 | -€772 | -100% |
| Remuneration and social security | 454/9 | €996 | €1,005 | +€9 | +0.9% |
| Other amounts payable | 47/48 | €65,101 | €68,917 | +€3,816 | +5.9% |
| Remuneration, social security and pensions | 62 | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,053 | €19,936 | -€5,117 | -20.4% |
| Other operating charges | 640/8 | €2,741 | €1,680 | -€1,061 | -38.7% |
| Gross operating margin | 9900 | €83,021 | €65,126 | -€17,895 | -21.6% |
| Operating profit (loss) | 9901 | €55,227 | €43,481 | -€11,747 | -21.3% |
| Financial income | 75/76B | €123 | €6 | -€117 | -95.1% |
| Recurring financial income | 75 | €123 | €6 | -€117 | -95.1% |
| Financial charges | 65/66B | €174 | €314 | +€140 | +80.2% |
| Recurring financial charges | 65 | €174 | €314 | +€140 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €55,176 | €43,172 | -€12,004 | -21.8% |
| Income taxes | 67/77 | €15,316 | €11,409 | -€3,907 | -25.5% |
| Profit (loss) for the period | 9904 | €39,860 | €31,764 | -€8,097 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,860 | €31,764 | -€8,097 | -20.3% |
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 25 October 2026 via checked.be.