WVD-oost: 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.
WVD-oost
Largest movements
- Tangible fixed assets +€23,720
up €23,720 (+53.1%), from €44,699 to €68,419
of which Furniture and vehicles: +€24,473
- Cash +€19,173
up €19,173 (+32.4%), from €59,156 to €78,329
mainly Other debts (+€98,638) and Net result for the year (+€84,630)
- Stocks and contracts +€3,100
new in 2025: €3,100
- Other debts +€98,638
up €98,638 (+395%), from €25,000 to €123,638
- Reserves -€52,075
down €52,075 (-100%), from €52,075 to €0
- Tax, wage and social debts +€13,684
up €13,684 (+136%), from €10,086 to €23,770
of which Taxes: +€12,184
- Current portion of long-term debt -€6,872
down €6,872 (-58.4%), from €11,764 to €4,893
- Debts after one year -€4,893
down €4,893 (-32.7%), from €14,960 to €10,067
- Gross operating margin +€37,431
up €37,431 (+41.3%), from €90,584 to €128,015
- Taxes +€9,688
up €9,688 (+50.4%), from €19,215 to €28,902
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 | €137,518 | €184,300 | +€46,782 | +34.0% |
| Fixed assets | 21/28 | €44,699 | €68,419 | +€23,720 | +53.1% |
| Tangible fixed assets | 22/27 | €44,699 | €68,419 | +€23,720 | +53.1% |
| Plant, machinery and equipment | 23 | €1,732 | €979 | -€753 | -43.5% |
| Furniture and vehicles | 24 | €42,968 | €67,441 | +€24,473 | +57.0% |
| Current assets | 29/58 | €92,818 | €115,880 | +€23,062 | +24.8% |
| Stocks and contracts in progress | 3 | - | €3,100 | +€3,100 | |
| Stocks | 30/36 | - | €3,100 | +€3,100 | |
| Amounts receivable within one year | 40/41 | €31,477 | €32,348 | +€871 | +2.8% |
| Trade receivables | 40 | €30,079 | €32,348 | +€2,269 | +7.5% |
| Other amounts receivable | 41 | €1,398 | €0 | -€1,398 | -100% |
| Cash at bank and in hand | 54/58 | €59,156 | €78,329 | +€19,173 | +32.4% |
| Deferred charges and accrued income | 490/1 | €2,185 | €2,103 | -€82 | -3.7% |
| Total equity and liabilities | 10/49 | €137,518 | €184,300 | +€46,782 | +34.0% |
| Equity | 10/15 | €72,075 | €20,000 | -€52,075 | -72.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,075 | €0 | -€52,075 | -100% |
| Distributable reserves | 133 | €52,075 | €0 | -€52,075 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,443 | €164,300 | +€98,857 | +151% |
| Amounts payable after more than one year | 17 | €14,960 | €10,067 | -€4,893 | -32.7% |
| Financial debts | 170/4 | €14,960 | €10,067 | -€4,893 | -32.7% |
| Amounts payable within one year | 42/48 | €50,483 | €153,833 | +€103,350 | +205% |
| Current portion of amounts payable after more than one year | 42 | €11,764 | €4,893 | -€6,872 | -58.4% |
| Trade debts | 44 | €3,632 | €1,532 | -€2,100 | -57.8% |
| Suppliers | 440/4 | €3,632 | €1,532 | -€2,100 | -57.8% |
| Taxes, remuneration and social security | 45 | €10,086 | €23,770 | +€13,684 | +136% |
| Taxes | 450/3 | €10,086 | €22,270 | +€12,184 | +121% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €25,000 | €123,638 | +€98,638 | +395% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €7,658 | +€7,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,714 | €12,890 | +€1,177 | +10.0% |
| Other operating charges | 640/8 | €375 | €343 | -€32 | -8.5% |
| Gross operating margin | 9900 | €90,584 | €128,015 | +€37,431 | +41.3% |
| Operating profit (loss) | 9901 | €78,495 | €114,782 | +€36,287 | +46.2% |
| Financial charges | 65/66B | €837 | €1,249 | +€412 | +49.2% |
| Recurring financial charges | 65 | €837 | €1,249 | +€412 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €77,658 | €113,532 | +€35,875 | +46.2% |
| Income taxes | 67/77 | €19,215 | €28,902 | +€9,688 | +50.4% |
| Profit (loss) for the period | 9904 | €58,443 | €84,630 | +€26,187 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,443 | €84,630 | +€26,187 | +44.8% |
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 27 October 2026 via checked.be.