WVG: what changed
What changed
WVG
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
-€35,410
2024 · €12,496-€47,907
Equity
€23,945
2024 · €59,356-€35,410
Cash
€25,228
2024 · €47,296-€22,068
Balance sheet total
€379,408
2024 · €222,141+€157,266
Largest movements
Assets
- Stocks and contracts +€91,604
up €91,604 (+116%), from €78,898 to €170,502
of which Stocks: +€66,012
- Receivables within one year +€69,635
up €69,635 (+109%), from €64,078 to €133,713
of which Trade receivables: +€72,266
- Cash -€22,068
down €22,068 (-46.7%), from €47,296 to €25,228
mainly Stocks and contracts (-€91,604) and Receivables within one year (-€69,635)
- Tangible fixed assets +€13,968
up €13,968 (+63.8%), from €21,903 to €35,871
of which Furniture and vehicles: +€7,657
Equity and liabilities
- Short-term financial debts +€100,000
new in 2025: €100,000
- Trade debts +€51,963
up €51,963 (+79.5%), from €65,355 to €117,318
- Profit (loss) carried forward -€35,410
down €35,410 (-26.8%), from -€132,368 to -€167,778
- Debts after one year +€28,462
up €28,462 (+38.8%), from €73,383 to €101,845
- Current portion of long-term debt +€11,663
up €11,663 (+74.5%), from €15,646 to €27,309
Income statement
- Staff costs +€49,027
up €49,027 (+17.2%), from €285,348 to €334,375
- Financial charges +€6,774
up €6,774 (+198%), from €3,427 to €10,201
- Gross operating margin +€5,607
up €5,607 (+1.7%), from €325,696 to €331,303
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,496
Gross operating margin
+€5,607
Staff costs
-€49,027
Depreciation
+€1,225
Other operating charges
+€1,575
Financial income
-€607
Financial charges
-€6,774
Taxes
+€94
Result 2025
-€35,410
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€131,310
Investment
-€30,883
Financing
+€140,125
Cash 2024
€47,296
From operations (derived)
-€131,310
Net result for the year
-€35,410
Depreciation
+€13,589
Stocks and contracts
-€91,604
Receivables within one year
-€69,635
Deferred charges and accrued income
-€800
Trade debts
+€51,963
Advances received
-€3,763
Other debts
+€1,422
Accrued charges and deferred income
+€2,930
Investment (derived)
-€30,883
Investment in fixed assets (net)
-€30,883
Financing
+€140,125
Debts after one year
+€28,462
Current portion of long-term debt
+€11,663
Short-term financial debts
+€100,000
Cash 2025
€25,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,141 | €379,408 | +€157,266 | +70.8% |
| Fixed assets | 21/28 | €26,665 | €43,959 | +€17,295 | +64.9% |
| Intangible fixed assets | 21 | €4,761 | €8,088 | +€3,327 | +69.9% |
| Tangible fixed assets | 22/27 | €21,903 | €35,871 | +€13,968 | +63.8% |
| Plant, machinery and equipment | 23 | €10,153 | €16,568 | +€6,415 | +63.2% |
| Furniture and vehicles | 24 | €10,789 | €18,446 | +€7,657 | +71.0% |
| Other tangible fixed assets | 26 | €961 | €858 | -€104 | -10.8% |
| Current assets | 29/58 | €195,477 | €335,449 | +€139,972 | +71.6% |
| Stocks and contracts in progress | 3 | €78,898 | €170,502 | +€91,604 | +116% |
| Stocks | 30/36 | €48,388 | €114,400 | +€66,012 | +136% |
| Contracts in progress | 37 | €30,510 | €56,102 | +€25,592 | +83.9% |
| Amounts receivable within one year | 40/41 | €64,078 | €133,713 | +€69,635 | +109% |
| Trade receivables | 40 | €54,668 | €126,933 | +€72,266 | +132% |
| Other amounts receivable | 41 | €9,410 | €6,779 | -€2,631 | -28.0% |
| Cash at bank and in hand | 54/58 | €47,296 | €25,228 | -€22,068 | -46.7% |
| Deferred charges and accrued income | 490/1 | €5,206 | €6,006 | +€800 | +15.4% |
| Total equity and liabilities | 10/49 | €222,141 | €379,408 | +€157,266 | +70.8% |
| Equity | 10/15 | €59,356 | €23,945 | -€35,410 | -59.7% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €111,158 | €111,158 | = | 0.0% |
| Distributable reserves | 133 | €111,158 | €111,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,368 | -€167,778 | -€35,410 | -26.8% |
| Amounts payable | 17/49 | €162,786 | €355,463 | +€192,677 | +118% |
| Amounts payable after more than one year | 17 | €73,383 | €101,845 | +€28,462 | +38.8% |
| Financial debts | 170/4 | €73,383 | €101,845 | +€28,462 | +38.8% |
| Amounts payable within one year | 42/48 | €88,117 | €249,402 | +€161,286 | +183% |
| Current portion of amounts payable after more than one year | 42 | €15,646 | €27,309 | +€11,663 | +74.5% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €65,355 | €117,318 | +€51,963 | +79.5% |
| Suppliers | 440/4 | €65,355 | €117,318 | +€51,963 | +79.5% |
| Advances received on contracts in progress | 46 | €3,763 | €0 | -€3,763 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,352 | €4,775 | +€1,422 | +42.4% |
| Accrued charges and deferred income | 492/3 | €1,286 | €4,216 | +€2,930 | +228% |
| Non-recurring operating income | 76A | €628 | €413 | -€215 | -34.2% |
| Remuneration, social security and pensions | 62 | €285,348 | €334,375 | +€49,027 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,814 | €13,589 | -€1,225 | -8.3% |
| Other operating charges | 640/8 | €9,063 | €7,488 | -€1,575 | -17.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €325,696 | €331,303 | +€5,607 | +1.7% |
| Operating profit (loss) | 9901 | €16,471 | -€24,148 | -€40,620 | |
| Financial income | 75/76B | €610 | €3 | -€607 | -99.5% |
| Recurring financial income | 75 | €610 | €3 | -€607 | -99.5% |
| Financial charges | 65/66B | €3,427 | €10,201 | +€6,774 | +198% |
| Recurring financial charges | 65 | €3,427 | €10,201 | +€6,774 | +198% |
| Profit (loss) for the period before taxes | 9903 | €13,655 | -€34,346 | -€48,000 | |
| Income taxes | 67/77 | €1,158 | €1,065 | -€94 | -8.1% |
| Profit (loss) for the period | 9904 | €12,496 | -€35,410 | -€47,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,496 | -€35,410 | -€47,907 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.