WVM-Service: 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-Service
Largest movements
- Cash +€57,223
up €57,223 (+44.7%), from €127,968 to €185,192
mainly Net result for the year (+€53,634) and Other debts (+€48,650)
- Deferred charges and accrued income +€15,000
new in 2025: €15,000
- Receivables within one year -€6,474
down €6,474 (-14.1%), from €45,822 to €39,348
of which Trade receivables: -€6,474
- Stocks and contracts -€4,752
down €4,752 (-30.8%), from €15,413 to €10,661
- Other debts +€48,650
up €48,650 (+1,719%), from €2,831 to €51,481
- Reserves +€11,045
up €11,045 (+6.6%), from €166,128 to €177,172
- Gross operating margin +€15,372
up €15,372 (+25.9%), from €59,440 to €74,812
- Taxes +€3,655
up €3,655 (+22.2%), from €16,493 to €20,148
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 | €193,713 | €253,968 | +€60,255 | +31.1% |
| Fixed assets | 21/28 | €4,511 | €3,768 | -€743 | -16.5% |
| Tangible fixed assets | 22/27 | €4,511 | €3,768 | -€743 | -16.5% |
| Land and buildings | 22 | €4,511 | €3,768 | -€743 | -16.5% |
| Current assets | 29/58 | €189,203 | €250,201 | +€60,998 | +32.2% |
| Stocks and contracts in progress | 3 | €15,413 | €10,661 | -€4,752 | -30.8% |
| Stocks | 30/36 | €15,413 | €10,661 | -€4,752 | -30.8% |
| Amounts receivable within one year | 40/41 | €45,822 | €39,348 | -€6,474 | -14.1% |
| Trade receivables | 40 | €45,315 | €38,841 | -€6,474 | -14.3% |
| Other amounts receivable | 41 | €507 | €507 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,968 | €185,192 | +€57,223 | +44.7% |
| Deferred charges and accrued income | 490/1 | - | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €193,713 | €253,968 | +€60,255 | +31.1% |
| Equity | 10/15 | €186,128 | €197,172 | +€11,045 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €166,128 | €177,172 | +€11,045 | +6.6% |
| Distributable reserves | 133 | €166,128 | €177,172 | +€11,045 | +6.6% |
| Amounts payable | 17/49 | €7,585 | €56,796 | +€49,211 | +649% |
| Amounts payable within one year | 42/48 | €7,225 | €56,796 | +€49,571 | +686% |
| Taxes, remuneration and social security | 45 | €4,394 | €5,315 | +€921 | +21.0% |
| Taxes | 450/3 | €4,394 | €5,315 | +€921 | +21.0% |
| Other amounts payable | 47/48 | €2,831 | €51,481 | +€48,650 | +1,719% |
| Accrued charges and deferred income | 492/3 | €360 | - | -€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €743 | = | 0.0% |
| Gross operating margin | 9900 | €59,440 | €74,812 | +€15,372 | +25.9% |
| Operating profit (loss) | 9901 | €58,697 | €74,069 | +€15,372 | +26.2% |
| Financial income | 75/76B | €164 | €138 | -€26 | -16.0% |
| Recurring financial income | 75 | €164 | €138 | -€26 | -16.0% |
| Financial charges | 65/66B | €251 | €425 | +€174 | +69.4% |
| Recurring financial charges | 65 | €251 | €425 | +€174 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €58,610 | €73,782 | +€15,172 | +25.9% |
| Income taxes | 67/77 | €16,493 | €20,148 | +€3,655 | +22.2% |
| Profit (loss) for the period | 9904 | €42,117 | €53,634 | +€11,517 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,117 | €53,634 | +€11,517 | +27.3% |
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 29 October 2026 via checked.be.