WVLW: 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.
WVLW
Largest movements
- Cash -€34,539
down €34,539 (-58.3%), from €59,248 to €24,709
mainly Contributions, distributions and other (-€202,998) and Receivables within one year (-€9,329)
- Receivables after one year -€25,000
down €25,000 (-8.3%), from €300,000 to €275,000
- Receivables within one year +€9,329
up €9,329 (+36.6%), from €25,477 to €34,807
of which Other amounts receivable: +€13,531
- Deferred charges and accrued income +€5,364
up €5,364 (+78.6%), from €6,826 to €12,191
- Reserves -€130,814
down €130,814 (-46.5%), from €281,370 to €150,556
- Other debts +€88,979
up €88,979 (+75.5%), from €117,923 to €206,902
- Gross operating margin -€94,491
down €94,491 (-47.6%), from €198,487 to €103,996
- Taxes -€24,356
down €24,356 (-50.7%), from €48,031 to €23,674
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 | €423,537 | €377,979 | -€45,558 | -10.8% |
| Fixed assets | 21/28 | €31,985 | €31,273 | -€713 | -2.2% |
| Tangible fixed assets | 22/27 | €31,985 | €31,273 | -€713 | -2.2% |
| Plant, machinery and equipment | 23 | €31,985 | €31,273 | -€713 | -2.2% |
| Current assets | 29/58 | €391,552 | €346,706 | -€44,846 | -11.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €275,000 | -€25,000 | -8.3% |
| Other amounts receivable | 291 | €300,000 | €275,000 | -€25,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €25,477 | €34,807 | +€9,329 | +36.6% |
| Trade receivables | 40 | €25,008 | €20,807 | -€4,202 | -16.8% |
| Other amounts receivable | 41 | €469 | €14,000 | +€13,531 | +2884.1% |
| Cash at bank and in hand | 54/58 | €59,248 | €24,709 | -€34,539 | -58.3% |
| Deferred charges and accrued income | 490/1 | €6,826 | €12,191 | +€5,364 | +78.6% |
| Total equity and liabilities | 10/49 | €423,537 | €377,979 | -€45,558 | -10.8% |
| Equity | 10/15 | €287,570 | €156,756 | -€130,814 | -45.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,370 | €150,556 | -€130,814 | -46.5% |
| Distributable reserves | 133 | €281,370 | €150,556 | -€130,814 | -46.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,967 | €221,222 | +€85,256 | +62.7% |
| Amounts payable within one year | 42/48 | €135,967 | €221,222 | +€85,256 | +62.7% |
| Trade debts | 44 | €3,852 | €406 | -€3,446 | -89.5% |
| Suppliers | 440/4 | €3,852 | €406 | -€3,446 | -89.5% |
| Taxes, remuneration and social security | 45 | €14,192 | €13,914 | -€278 | -2.0% |
| Taxes | 450/3 | €12,742 | €12,064 | -€678 | -5.3% |
| Remuneration and social security | 454/9 | €1,450 | €1,850 | +€400 | +27.6% |
| Other amounts payable | 47/48 | €117,923 | €206,902 | +€88,979 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,366 | €7,140 | +€774 | +12.2% |
| Other operating charges | 640/8 | €2,694 | €1,373 | -€1,321 | -49.0% |
| Gross operating margin | 9900 | €198,487 | €103,996 | -€94,491 | -47.6% |
| Operating profit (loss) | 9901 | €189,427 | €95,482 | -€93,944 | -49.6% |
| Financial income | 75/76B | €5,477 | €4,934 | -€543 | -9.9% |
| Recurring financial income | 75 | €5,477 | €4,934 | -€543 | -9.9% |
| Financial charges | 65/66B | €2,952 | €4,559 | +€1,606 | +54.4% |
| Recurring financial charges | 65 | €2,952 | €4,559 | +€1,606 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €191,952 | €95,858 | -€96,094 | -50.1% |
| Income taxes | 67/77 | €48,031 | €23,674 | -€24,356 | -50.7% |
| Profit (loss) for the period | 9904 | €143,921 | €72,184 | -€71,738 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €143,921 | €72,184 | -€71,738 | -49.8% |
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 12 October 2026 via checked.be.