WVH: 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.
WVH
Largest movements
- Receivables within one year +€7,381
up €7,381 (+56.0%), from €13,189 to €20,570
of which Trade receivables: +€7,381
- Cash +€7,123
up €7,123 (+13.5%), from €52,585 to €59,708
mainly Net result for the year (+€103,795) and Accrued charges and deferred income (+€5,301)
- Profit (loss) carried forward +€102,182
up €102,182 (+69.8%), from -€146,357 to -€44,175
- Other debts -€93,155
down €93,155 (-52.0%), from €179,200 to €86,045
- Accrued charges and deferred income +€5,301
new in 2025: €5,301
- Gross operating margin +€52,869
up €52,869 (+38.7%), from €136,696 to €189,565
- Depreciation -€5,114
down €5,114 (-95.3%), from €5,365 to €250
- Staff costs +€4,905
up €4,905 (+7.1%), from €69,464 to €74,369
- Financial charges -€3,898
down €3,898 (-43.9%), from €8,886 to €4,988
- Other operating charges +€2,877
up €2,877 (+101.1%), from €2,847 to €5,724
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 | €67,088 | €81,354 | +€14,267 | +21.3% |
| Fixed assets | 21/28 | €972 | €722 | -€250 | -25.8% |
| Tangible fixed assets | 22/27 | €972 | €722 | -€250 | -25.8% |
| Land and buildings | 22 | €44 | €0 | -€44 | -100.0% |
| Furniture and vehicles | 24 | €929 | €722 | -€207 | -22.3% |
| Current assets | 29/58 | €66,115 | €80,632 | +€14,517 | +22.0% |
| Amounts receivable within one year | 40/41 | €13,189 | €20,570 | +€7,381 | +56.0% |
| Trade receivables | 40 | €13,189 | €20,570 | +€7,381 | +56.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €52,585 | €59,708 | +€7,123 | +13.5% |
| Deferred charges and accrued income | 490/1 | €341 | €355 | +€13 | +3.9% |
| Total equity and liabilities | 10/49 | €67,088 | €81,354 | +€14,267 | +21.3% |
| Equity | 10/15 | -€133,922 | -€31,740 | +€102,182 | +76.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36 | €36 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36 | €36 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36 | €36 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,357 | -€44,175 | +€102,182 | +69.8% |
| Amounts payable | 17/49 | €201,010 | €113,094 | -€87,915 | -43.7% |
| Amounts payable within one year | 42/48 | €201,010 | €107,793 | -€93,216 | -46.4% |
| Trade debts | 44 | €4,200 | €3,722 | -€478 | -11.4% |
| Suppliers | 440/4 | €4,200 | €3,722 | -€478 | -11.4% |
| Taxes, remuneration and social security | 45 | €17,610 | €18,027 | +€417 | +2.4% |
| Taxes | 450/3 | €7,186 | €6,624 | -€562 | -7.8% |
| Remuneration and social security | 454/9 | €10,424 | €11,403 | +€979 | +9.4% |
| Other amounts payable | 47/48 | €179,200 | €86,045 | -€93,155 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €5,301 | +€5,301 | |
| Non-recurring operating income | 76A | - | €34,000 | +€34,000 | |
| Remuneration, social security and pensions | 62 | €69,464 | €74,369 | +€4,905 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,365 | €250 | -€5,114 | -95.3% |
| Other operating charges | 640/8 | €2,847 | €5,724 | +€2,877 | +101.1% |
| Gross operating margin | 9900 | €136,696 | €189,565 | +€52,869 | +38.7% |
| Operating profit (loss) | 9901 | €59,021 | €109,223 | +€50,201 | +85.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,886 | €4,988 | -€3,898 | -43.9% |
| Recurring financial charges | 65 | €8,886 | €4,988 | -€3,898 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €50,135 | €104,235 | +€54,099 | +107.9% |
| Income taxes | 67/77 | €1,135 | €440 | -€695 | -61.3% |
| Profit (loss) for the period | 9904 | €49,000 | €103,795 | +€54,795 | +111.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,000 | €103,795 | +€54,795 | +111.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.