WVL CONSTRUCT: 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.
WVL CONSTRUCT
Largest movements
- Cash +€60,635
up €60,635 (+47.1%), from €128,709 to €189,343
mainly Net result for the year (+€44,016) and Other debts (+€34,563)
- Receivables within one year -€15,679
down €15,679 (-87.1%), from €17,995 to €2,317
of which Trade receivables: -€12,941
- Tangible fixed assets -€14,444
down €14,444 (-60.2%), from €23,984 to €9,540
of which Furniture and vehicles: -€12,947
- Other debts +€34,563
up €34,563 (+53.0%), from €65,167 to €99,729
- Tax, wage and social debts -€6,582
down €6,582 (-63.3%), from €10,396 to €3,814
- Accrued charges and deferred income +€2,844
up €2,844 (+345.5%), from €823 to €3,667
- Gross operating margin -€4,056
down €4,056 (-5.1%), from €79,358 to €75,302
- Financial charges +€2,501
up €2,501 (+195.4%), from €1,280 to €3,781
- Taxes -€864
down €864 (-7.0%), from €12,302 to €11,438
- Other operating charges -€847
down €847 (-60.5%), from €1,400 to €553
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 | €171,577 | €201,950 | +€30,373 | +17.7% |
| Fixed assets | 21/28 | €23,984 | €9,540 | -€14,444 | -60.2% |
| Tangible fixed assets | 22/27 | €23,984 | €9,540 | -€14,444 | -60.2% |
| Plant, machinery and equipment | 23 | €1,497 | €0 | -€1,497 | -100.0% |
| Furniture and vehicles | 24 | €22,487 | €9,540 | -€12,947 | -57.6% |
| Current assets | 29/58 | €147,593 | €192,410 | +€44,817 | +30.4% |
| Amounts receivable within one year | 40/41 | €17,995 | €2,317 | -€15,679 | -87.1% |
| Trade receivables | 40 | €12,987 | €46 | -€12,941 | -99.6% |
| Other amounts receivable | 41 | €5,009 | €2,271 | -€2,738 | -54.7% |
| Cash at bank and in hand | 54/58 | €128,709 | €189,343 | +€60,635 | +47.1% |
| Deferred charges and accrued income | 490/1 | €889 | €750 | -€139 | -15.6% |
| Total equity and liabilities | 10/49 | €171,577 | €201,950 | +€30,373 | +17.7% |
| Equity | 10/15 | €93,941 | €93,941 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €92,941 | €92,941 | = | 0.0% |
| Distributable reserves | 133 | €92,941 | €92,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,636 | €108,010 | +€30,373 | +39.1% |
| Amounts payable within one year | 42/48 | €76,813 | €104,343 | +€27,530 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,251 | €799 | -€451 | -36.1% |
| Suppliers | 440/4 | €1,251 | €799 | -€451 | -36.1% |
| Taxes, remuneration and social security | 45 | €10,396 | €3,814 | -€6,582 | -63.3% |
| Taxes | 450/3 | €10,396 | €3,814 | -€6,582 | -63.3% |
| Other amounts payable | 47/48 | €65,167 | €99,729 | +€34,563 | +53.0% |
| Accrued charges and deferred income | 492/3 | €823 | €3,667 | +€2,844 | +345.5% |
| Remuneration, social security and pensions | 62 | €759 | €0 | -€759 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,818 | €15,515 | -€304 | -1.9% |
| Other operating charges | 640/8 | €1,400 | €553 | -€847 | -60.5% |
| Gross operating margin | 9900 | €79,358 | €75,302 | -€4,056 | -5.1% |
| Operating profit (loss) | 9901 | €61,381 | €59,235 | -€2,146 | -3.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,280 | €3,781 | +€2,501 | +195.4% |
| Recurring financial charges | 65 | €1,280 | €3,781 | +€2,501 | +195.4% |
| Profit (loss) for the period before taxes | 9903 | €60,101 | €55,454 | -€4,647 | -7.7% |
| Income taxes | 67/77 | €12,302 | €11,438 | -€864 | -7.0% |
| Profit (loss) for the period | 9904 | €47,799 | €44,016 | -€3,783 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,799 | €44,016 | -€3,783 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.