WVB: 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.
WVB
Largest movements
- Receivables within one year +€237,499
up €237,499 (+251.4%), from €94,484 to €331,983
of which Trade receivables: +€237,445
- Tangible fixed assets +€185,339
up €185,339 (+36.8%), from €504,082 to €689,421
of which Plant, machinery and equipment: +€124,378
- Cash -€167,264
down €167,264 (-78.8%), from €212,389 to €45,125
mainly Investment in fixed assets (net) (-€317,708) and Receivables within one year (-€237,499)
- Stocks and contracts -€141,216
down €141,216 (-22.6%), from €624,946 to €483,730
- Trade debts +€156,563
up €156,563 (+21.9%), from €715,997 to €872,560
- Other debts -€79,429
down €79,429 (-33.0%), from €240,645 to €161,217
- Profit (loss) carried forward +€51,247
up €51,247 (+39.0%), from -€131,404 to -€80,157
- Tax, wage and social debts -€16,753
down €16,753 (-15.4%), from €108,573 to €91,820
of which Remuneration and social security: -€25,423
- Staff costs +€42,883
up €42,883 (+8.8%), from €488,509 to €531,392
- Depreciation +€25,428
up €25,428 (+23.8%), from €106,941 to €132,369
- Gross operating margin +€21,047
up €21,047 (+2.9%), from €725,942 to €746,989
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,449,997 | €1,565,241 | +€115,244 | +7.9% |
| Fixed assets | 21/28 | €504,082 | €689,421 | +€185,339 | +36.8% |
| Tangible fixed assets | 22/27 | €504,082 | €689,421 | +€185,339 | +36.8% |
| Land and buildings | 22 | €5,920 | €4,981 | -€938 | -15.8% |
| Plant, machinery and equipment | 23 | €495,179 | €619,557 | +€124,378 | +25.1% |
| Furniture and vehicles | 24 | €2,984 | €2,594 | -€390 | -13.1% |
| Leasing and similar rights | 25 | - | €62,289 | +€62,289 | |
| Current assets | 29/58 | €945,915 | €875,820 | -€70,095 | -7.4% |
| Stocks and contracts in progress | 3 | €624,946 | €483,730 | -€141,216 | -22.6% |
| Stocks | 30/36 | €624,946 | €483,730 | -€141,216 | -22.6% |
| Amounts receivable within one year | 40/41 | €94,484 | €331,983 | +€237,499 | +251.4% |
| Trade receivables | 40 | €94,484 | €331,929 | +€237,445 | +251.3% |
| Other amounts receivable | 41 | €0 | €54 | +€54 | |
| Cash at bank and in hand | 54/58 | €212,389 | €45,125 | -€167,264 | -78.8% |
| Deferred charges and accrued income | 490/1 | €14,096 | €14,982 | +€886 | +6.3% |
| Total equity and liabilities | 10/49 | €1,449,997 | €1,565,241 | +€115,244 | +7.9% |
| Equity | 10/15 | €168,596 | €219,843 | +€51,247 | +30.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,404 | -€80,157 | +€51,247 | +39.0% |
| Amounts payable | 17/49 | €1,281,401 | €1,345,398 | +€63,997 | +5.0% |
| Amounts payable after more than one year | 17 | €98,000 | €91,378 | -€6,622 | -6.8% |
| Financial debts | 170/4 | - | €43,778 | +€43,778 | |
| Trade debts | 175 | €98,000 | €47,600 | -€50,400 | -51.4% |
| Amounts payable within one year | 42/48 | €1,128,215 | €1,195,342 | +€67,127 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €63,000 | €69,746 | +€6,746 | +10.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €715,997 | €872,560 | +€156,563 | +21.9% |
| Suppliers | 440/4 | €715,997 | €872,560 | +€156,563 | +21.9% |
| Taxes, remuneration and social security | 45 | €108,573 | €91,820 | -€16,753 | -15.4% |
| Taxes | 450/3 | €8,078 | €16,748 | +€8,670 | +107.3% |
| Remuneration and social security | 454/9 | €100,495 | €75,071 | -€25,423 | -25.3% |
| Other amounts payable | 47/48 | €240,645 | €161,217 | -€79,429 | -33.0% |
| Accrued charges and deferred income | 492/3 | €55,185 | €58,678 | +€3,493 | +6.3% |
| Non-recurring operating income | 76A | €0 | €632 | +€632 | |
| Remuneration, social security and pensions | 62 | €488,509 | €531,392 | +€42,883 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,941 | €132,369 | +€25,428 | +23.8% |
| Other operating charges | 640/8 | €3,114 | €7,836 | +€4,722 | +151.6% |
| Gross operating margin | 9900 | €725,942 | €746,989 | +€21,047 | +2.9% |
| Operating profit (loss) | 9901 | €127,378 | €75,392 | -€51,986 | -40.8% |
| Financial income | 75/76B | €237 | €225 | -€13 | -5.4% |
| Recurring financial income | 75 | €237 | €225 | -€13 | -5.4% |
| Financial charges | 65/66B | €10,404 | €17,230 | +€6,826 | +65.6% |
| Recurring financial charges | 65 | €10,404 | €17,230 | +€6,826 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €117,212 | €58,387 | -€58,824 | -50.2% |
| Income taxes | 67/77 | €0 | €7,140 | +€7,140 | |
| Profit (loss) for the period | 9904 | €117,212 | €51,247 | -€65,965 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,212 | €51,247 | -€65,965 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.