WVM Electro & Lighting Solutions: 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 Electro & Lighting Solutions
Largest movements
- Receivables within one year -€71,241
down €71,241 (-56.2%), from €126,795 to €55,554
of which Trade receivables: -€58,419
- Cash +€55,112
up €55,112 (+322%), from €17,141 to €72,253
mainly Receivables within one year (+€71,241) and Depreciation (+€28,972)
- Tangible fixed assets -€36,589
down €36,589 (-25.3%), from €144,693 to €108,104
of which Furniture and vehicles: -€33,930
- Stocks and contracts +€33,533
up €33,533 (+19.8%), from €169,738 to €203,271
of which Contracts in progress: +€21,651
- Reserves +€22,756
up €22,756 (+17.9%), from €126,816 to €149,572
of which Distributable reserves: +€22,756
- Debts after one year -€21,256
down €21,256 (-24.9%), from €85,490 to €64,233
- Trade debts -€16,059
down €16,059 (-18.7%), from €85,935 to €69,875
- Current portion of long-term debt -€9,257
down €9,257 (-30.3%), from €30,513 to €21,256
- Tax, wage and social debts +€8,473
up €8,473 (+254%), from €3,341 to €11,815
of which Remuneration and social security: +€6,091
- Staff costs +€27,346
up €27,346 (+1,231%), from €2,221 to €29,567
- Gross operating margin +€11,599
up €11,599 (+13.2%), from €87,669 to €99,268
- Depreciation -€5,127
down €5,127 (-15.0%), from €34,099 to €28,972
- Other operating charges -€3,227
down €3,227 (-59.8%), from €5,396 to €2,169
- Write-downs +€1,023
up €1,023, from €0 to €1,023
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.
Derived cash bridge
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 | €461,795 | €443,258 | -€18,537 | -4.0% |
| Fixed assets | 21/28 | €144,693 | €108,104 | -€36,589 | -25.3% |
| Tangible fixed assets | 22/27 | €144,693 | €108,104 | -€36,589 | -25.3% |
| Plant, machinery and equipment | 23 | €2,497 | €1,623 | -€873 | -35.0% |
| Furniture and vehicles | 24 | €137,774 | €103,844 | -€33,930 | -24.6% |
| Other tangible fixed assets | 26 | €4,423 | €2,636 | -€1,786 | -40.4% |
| Current assets | 29/58 | €317,102 | €335,154 | +€18,052 | +5.7% |
| Stocks and contracts in progress | 3 | €169,738 | €203,271 | +€33,533 | +19.8% |
| Stocks | 30/36 | €169,738 | €181,620 | +€11,882 | +7.0% |
| Contracts in progress | 37 | - | €21,651 | +€21,651 | |
| Amounts receivable within one year | 40/41 | €126,795 | €55,554 | -€71,241 | -56.2% |
| Trade receivables | 40 | €112,445 | €54,026 | -€58,419 | -52.0% |
| Other amounts receivable | 41 | €14,350 | €1,528 | -€12,822 | -89.4% |
| Cash at bank and in hand | 54/58 | €17,141 | €72,253 | +€55,112 | +322% |
| Deferred charges and accrued income | 490/1 | €3,428 | €4,077 | +€649 | +18.9% |
| Total equity and liabilities | 10/49 | €461,795 | €443,258 | -€18,537 | -4.0% |
| Equity | 10/15 | €146,692 | €169,448 | +€22,756 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,816 | €149,572 | +€22,756 | +17.9% |
| Non-distributable reserves | 130/1 | €7,260 | €7,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,260 | €7,260 | = | 0.0% |
| Distributable reserves | 133 | €119,556 | €142,312 | +€22,756 | +19.0% |
| Profit (loss) carried forward | 14 | €1,276 | €1,276 | = | 0.0% |
| Amounts payable | 17/49 | €315,104 | €273,810 | -€41,293 | -13.1% |
| Amounts payable after more than one year | 17 | €85,490 | €64,233 | -€21,256 | -24.9% |
| Financial debts | 170/4 | €85,490 | €64,233 | -€21,256 | -24.9% |
| Amounts payable within one year | 42/48 | €229,614 | €209,577 | -€20,037 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €30,513 | €21,256 | -€9,257 | -30.3% |
| Financial debts | 43 | €1,366 | €433 | -€933 | -68.3% |
| Credit institutions | 430/8 | €1,366 | €433 | -€933 | -68.3% |
| Trade debts | 44 | €85,935 | €69,875 | -€16,059 | -18.7% |
| Suppliers | 440/4 | €85,935 | €69,875 | -€16,059 | -18.7% |
| Taxes, remuneration and social security | 45 | €3,341 | €11,815 | +€8,473 | +254% |
| Taxes | 450/3 | €3,341 | €5,723 | +€2,382 | +71.3% |
| Remuneration and social security | 454/9 | - | €6,091 | +€6,091 | |
| Other amounts payable | 47/48 | €108,460 | €106,198 | -€2,262 | -2.1% |
| Non-recurring operating income | 76A | €1,250 | €22,383 | +€21,133 | +1,691% |
| Remuneration, social security and pensions | 62 | €2,221 | €29,567 | +€27,346 | +1,231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,099 | €28,972 | -€5,127 | -15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,023 | +€1,023 | |
| Other operating charges | 640/8 | €5,396 | €2,169 | -€3,227 | -59.8% |
| Non-recurring operating charges | 66A | €5,689 | €0 | -€5,689 | -100% |
| Gross operating margin | 9900 | €87,669 | €99,268 | +€11,599 | +13.2% |
| Operating profit (loss) | 9901 | €40,263 | €37,537 | -€2,726 | -6.8% |
| Financial income | 75/76B | €256 | €152 | -€104 | -40.8% |
| Recurring financial income | 75 | €256 | €152 | -€104 | -40.8% |
| Financial charges | 65/66B | €4,427 | €4,904 | +€477 | +10.8% |
| Recurring financial charges | 65 | €4,427 | €4,904 | +€477 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €36,092 | €32,785 | -€3,307 | -9.2% |
| Income taxes | 67/77 | €10,468 | €10,029 | -€439 | -4.2% |
| Profit (loss) for the period | 9904 | €25,624 | €22,756 | -€2,868 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,624 | €22,756 | -€2,868 | -11.2% |
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 18 October 2026 via checked.be.