WVDP Consult: 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.
WVDP Consult
Largest movements
- Receivables within one year +€28,370
up €28,370 (+9.4%), from €301,847 to €330,217
of which Trade receivables: +€79,195
- Intangible fixed assets +€15,017
up €15,017 (+13.7%), from €110,000 to €125,017
- Cash -€9,897
down €9,897 (-22.8%), from €43,428 to €33,531
mainly Investment in fixed assets (net) (-€59,706) and Receivables within one year (-€28,370)
- Other debts +€42,984
up €42,984 (+63.4%), from €67,801 to €110,785
- Trade debts -€24,443
down €24,443 (-20.0%), from €122,463 to €98,019
- Debts after one year -€21,399
down €21,399 (-24.0%), from €89,060 to €67,661
- Tax, wage and social debts +€12,420
up €12,420 (+19.0%), from €65,243 to €77,663
of which Taxes: +€9,155
- Contributions +€10,000
up €10,000 (+13.3%), from €75,000 to €85,000
- Staff costs +€31,068
up €31,068 (+21.8%), from €142,810 to €173,878
- Write-downs -€14,781
down €14,781 (-16.5%), from €89,816 to €75,035
- Gross operating margin +€14,339
up €14,339 (+4.9%), from €295,623 to €309,962
- Depreciation +€4,166
up €4,166 (+9.9%), from €42,264 to €46,430
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 | €467,016 | €498,502 | +€31,487 | +6.7% |
| Fixed assets | 21/28 | €117,012 | €130,288 | +€13,276 | +11.3% |
| Intangible fixed assets | 21 | €110,000 | €125,017 | +€15,017 | +13.7% |
| Tangible fixed assets | 22/27 | €5,012 | €3,271 | -€1,741 | -34.7% |
| Furniture and vehicles | 24 | €5,012 | €3,271 | -€1,741 | -34.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €350,003 | €368,214 | +€18,211 | +5.2% |
| Amounts receivable within one year | 40/41 | €301,847 | €330,217 | +€28,370 | +9.4% |
| Trade receivables | 40 | €226,457 | €305,653 | +€79,195 | +35.0% |
| Other amounts receivable | 41 | €75,389 | €24,564 | -€50,825 | -67.4% |
| Cash at bank and in hand | 54/58 | €43,428 | €33,531 | -€9,897 | -22.8% |
| Deferred charges and accrued income | 490/1 | €4,728 | €4,466 | -€262 | -5.5% |
| Total equity and liabilities | 10/49 | €467,016 | €498,502 | +€31,487 | +6.7% |
| Equity | 10/15 | €98,321 | €118,067 | +€19,746 | +20.1% |
| Contributions | 10/11 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Capital | 10 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Issued capital | 100 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Reserves | 13 | €4,262 | €4,291 | +€29 | +0.7% |
| Non-distributable reserves | 130/1 | €4,262 | €4,291 | +€29 | +0.7% |
| Legal reserve | 130 | €4,262 | €4,291 | +€29 | +0.7% |
| Profit (loss) carried forward | 14 | €19,059 | €28,776 | +€9,717 | +51.0% |
| Amounts payable | 17/49 | €368,695 | €380,436 | +€11,741 | +3.2% |
| Amounts payable after more than one year | 17 | €89,060 | €67,661 | -€21,399 | -24.0% |
| Financial debts | 170/4 | €89,060 | €67,661 | -€21,399 | -24.0% |
| Amounts payable within one year | 42/48 | €276,354 | €307,867 | +€31,513 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €20,847 | €21,399 | +€552 | +2.6% |
| Trade debts | 44 | €122,463 | €98,019 | -€24,443 | -20.0% |
| Suppliers | 440/4 | €122,463 | €98,019 | -€24,443 | -20.0% |
| Taxes, remuneration and social security | 45 | €65,243 | €77,663 | +€12,420 | +19.0% |
| Taxes | 450/3 | €40,315 | €49,470 | +€9,155 | +22.7% |
| Remuneration and social security | 454/9 | €24,928 | €28,193 | +€3,265 | +13.1% |
| Other amounts payable | 47/48 | €67,801 | €110,785 | +€42,984 | +63.4% |
| Accrued charges and deferred income | 492/3 | €3,281 | €4,908 | +€1,627 | +49.6% |
| Non-recurring operating income | 76A | €6,391 | €4,620 | -€1,771 | -27.7% |
| Remuneration, social security and pensions | 62 | €142,810 | €173,878 | +€31,068 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,264 | €46,430 | +€4,166 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,816 | €75,035 | -€14,781 | -16.5% |
| Other operating charges | 640/8 | €1,689 | €1,793 | +€103 | +6.1% |
| Gross operating margin | 9900 | €295,623 | €309,962 | +€14,339 | +4.9% |
| Operating profit (loss) | 9901 | €19,043 | €12,826 | -€6,217 | -32.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,643 | €7,378 | +€1,734 | +30.7% |
| Recurring financial charges | 65 | €5,643 | €7,378 | +€1,734 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €13,400 | €5,449 | -€7,952 | -59.3% |
| Income taxes | 67/77 | €5,934 | €4,871 | -€1,063 | -17.9% |
| Profit (loss) for the period | 9904 | €7,466 | €577 | -€6,889 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,466 | €577 | -€6,889 | -92.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.