WVM Consult: 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.
WVM Consult
Largest movements
- Tangible fixed assets -€21,269
down €21,269 (-7.6%), from €279,904 to €258,636
of which Land and buildings: -€29,281
- Receivables within one year +€4,816
up €4,816 (+4.3%), from €112,138 to €116,954
of which Other amounts receivable: +€8,201
- Debts after one year -€33,204
down €33,204 (-19.4%), from €171,169 to €137,966
- Other debts +€29,802
up €29,802 (+150.7%), from €19,778 to €49,580
- Reserves -€9,595
down €9,595 (-7.2%), from €134,100 to €124,505
- Tax, wage and social debts -€4,342
down €4,342 (-25.0%), from €17,364 to €13,023
- Short-term financial debts +€4,038
new in 2025: €4,038
- Financial income -€3,713
down €3,713 (-46.8%), from €7,932 to €4,219
- Depreciation +€2,741
up €2,741 (+8.0%), from €34,068 to €36,808
- Gross operating margin -€1,758
down €1,758 (-1.7%), from €102,877 to €101,119
- Financial charges -€1,525
down €1,525 (-15.5%), from €9,866 to €8,341
- Taxes -€1,052
down €1,052 (-5.9%), from €17,833 to €16,780
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 | €398,392 | €381,789 | -€16,603 | -4.2% |
| Fixed assets | 21/28 | €279,904 | €258,636 | -€21,269 | -7.6% |
| Tangible fixed assets | 22/27 | €279,904 | €258,636 | -€21,269 | -7.6% |
| Land and buildings | 22 | €249,231 | €219,950 | -€29,281 | -11.7% |
| Plant, machinery and equipment | 23 | €22,888 | €20,991 | -€1,897 | -8.3% |
| Furniture and vehicles | 24 | €7,785 | €17,694 | +€9,909 | +127.3% |
| Current assets | 29/58 | €118,488 | €123,154 | +€4,666 | +3.9% |
| Amounts receivable within one year | 40/41 | €112,138 | €116,954 | +€4,816 | +4.3% |
| Trade receivables | 40 | €31,215 | €27,830 | -€3,385 | -10.8% |
| Other amounts receivable | 41 | €80,923 | €89,124 | +€8,201 | +10.1% |
| Cash at bank and in hand | 54/58 | €4,554 | €3,221 | -€1,333 | -29.3% |
| Deferred charges and accrued income | 490/1 | €1,796 | €2,978 | +€1,182 | +65.8% |
| Total equity and liabilities | 10/49 | €398,392 | €381,789 | -€16,603 | -4.2% |
| Equity | 10/15 | €153,701 | €143,273 | -€10,428 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,100 | €124,505 | -€9,595 | -7.2% |
| Distributable reserves | 133 | €134,100 | €124,505 | -€9,595 | -7.2% |
| Profit (loss) carried forward | 14 | €1,001 | €168 | -€833 | -83.2% |
| Amounts payable | 17/49 | €244,692 | €238,516 | -€6,175 | -2.5% |
| Amounts payable after more than one year | 17 | €171,169 | €137,966 | -€33,204 | -19.4% |
| Financial debts | 170/4 | €171,169 | €137,966 | -€33,204 | -19.4% |
| Amounts payable within one year | 42/48 | €73,058 | €100,099 | +€27,042 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €31,812 | €33,204 | +€1,392 | +4.4% |
| Financial debts | 43 | - | €4,038 | +€4,038 | |
| Credit institutions | 430/8 | - | €4,038 | +€4,038 | |
| Trade debts | 44 | €4,103 | €255 | -€3,848 | -93.8% |
| Suppliers | 440/4 | €4,103 | €255 | -€3,848 | -93.8% |
| Taxes, remuneration and social security | 45 | €17,364 | €13,023 | -€4,342 | -25.0% |
| Taxes | 450/3 | €17,364 | €13,023 | -€4,342 | -25.0% |
| Other amounts payable | 47/48 | €19,778 | €49,580 | +€29,802 | +150.7% |
| Accrued charges and deferred income | 492/3 | €465 | €452 | -€13 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,068 | €36,808 | +€2,741 | +8.0% |
| Other operating charges | 640/8 | €4,437 | €4,257 | -€180 | -4.1% |
| Gross operating margin | 9900 | €102,877 | €101,119 | -€1,758 | -1.7% |
| Operating profit (loss) | 9901 | €64,373 | €60,054 | -€4,319 | -6.7% |
| Financial income | 75/76B | €7,932 | €4,219 | -€3,713 | -46.8% |
| Recurring financial income | 75 | €7,932 | €4,219 | -€3,713 | -46.8% |
| Financial charges | 65/66B | €9,866 | €8,341 | -€1,525 | -15.5% |
| Recurring financial charges | 65 | €9,866 | €8,341 | -€1,525 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €62,439 | €55,932 | -€6,507 | -10.4% |
| Income taxes | 67/77 | €17,833 | €16,780 | -€1,052 | -5.9% |
| Profit (loss) for the period | 9904 | €44,607 | €39,152 | -€5,455 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,607 | €39,152 | -€5,455 | -12.2% |
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 10 October 2026 via checked.be.