WVO ENGINEERING SERVICES: 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.
WVO ENGINEERING SERVICES
Largest movements
- Tangible fixed assets +€41,101
up €41,101 (+54.2%), from €75,882 to €116,983
of which Furniture and vehicles: +€37,335
- Cash -€17,730
down €17,730 (-17.9%), from €99,322 to €81,592
mainly Contributions, distributions and other (-€81,745) and Investment in fixed assets (net) (-€63,520)
- Receivables within one year +€11,804
up €11,804 (+23.9%), from €49,451 to €61,255
of which Trade receivables: +€12,889
- Current investments -€9,097
down €9,097 (-18.3%), from €49,707 to €40,610
- Current portion of long-term debt +€13,256
up €13,256 (+166.0%), from €7,987 to €21,242
- Debts after one year +€10,212
up €10,212 (+58.1%), from €17,562 to €27,774
- Gross operating margin +€36,292
up €36,292 (+33.6%), from €107,934 to €144,226
- Taxes +€9,545
up €9,545 (+36.6%), from €26,089 to €35,635
- Financial charges +€2,927
up €2,927 (+314.2%), from €932 to €3,859
- Other operating charges -€2,647
down €2,647 (-74.2%), from €3,570 to €923
- Financial income +€2,452
up €2,452 (+83.2%), from €2,949 to €5,402
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 | €275,282 | €300,830 | +€25,548 | +9.3% |
| Fixed assets | 21/28 | €75,882 | €116,983 | +€41,101 | +54.2% |
| Tangible fixed assets | 22/27 | €75,882 | €116,983 | +€41,101 | +54.2% |
| Land and buildings | 22 | €26,991 | €24,945 | -€2,046 | -7.6% |
| Plant, machinery and equipment | 23 | €373 | €6,186 | +€5,812 | +1557.2% |
| Furniture and vehicles | 24 | €48,517 | €85,852 | +€37,335 | +77.0% |
| Current assets | 29/58 | €199,400 | €183,847 | -€15,553 | -7.8% |
| Amounts receivable within one year | 40/41 | €49,451 | €61,255 | +€11,804 | +23.9% |
| Trade receivables | 40 | €36,597 | €49,486 | +€12,889 | +35.2% |
| Other amounts receivable | 41 | €12,854 | €11,769 | -€1,085 | -8.4% |
| Current investments | 50/53 | €49,707 | €40,610 | -€9,097 | -18.3% |
| Cash at bank and in hand | 54/58 | €99,322 | €81,592 | -€17,730 | -17.9% |
| Deferred charges and accrued income | 490/1 | €920 | €390 | -€530 | -57.6% |
| Total equity and liabilities | 10/49 | €275,282 | €300,830 | +€25,548 | +9.3% |
| Equity | 10/15 | €232,777 | €235,400 | +€2,622 | +1.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €232,577 | €235,200 | +€2,622 | +1.1% |
| Distributable reserves | 133 | €232,577 | €235,200 | +€2,622 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,505 | €65,431 | +€22,926 | +53.9% |
| Amounts payable after more than one year | 17 | €17,562 | €27,774 | +€10,212 | +58.1% |
| Financial debts | 170/4 | €17,562 | €27,774 | +€10,212 | +58.1% |
| Amounts payable within one year | 42/48 | €24,937 | €37,656 | +€12,720 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €7,987 | €21,242 | +€13,256 | +166.0% |
| Trade debts | 44 | €456 | €479 | +€23 | +5.0% |
| Suppliers | 440/4 | €456 | €479 | +€23 | +5.0% |
| Taxes, remuneration and social security | 45 | €16,494 | €15,840 | -€654 | -4.0% |
| Taxes | 450/3 | €16,494 | €15,840 | -€654 | -4.0% |
| Other amounts payable | 47/48 | - | €95 | +€95 | |
| Accrued charges and deferred income | 492/3 | €5 | €0 | -€5 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,002 | €22,419 | +€2,418 | +12.1% |
| Other operating charges | 640/8 | €3,570 | €923 | -€2,647 | -74.2% |
| Non-recurring operating charges | 66A | - | €2,426 | +€2,426 | |
| Gross operating margin | 9900 | €107,934 | €144,226 | +€36,292 | +33.6% |
| Operating profit (loss) | 9901 | €84,363 | €118,458 | +€34,095 | +40.4% |
| Financial income | 75/76B | €2,949 | €5,402 | +€2,452 | +83.2% |
| Recurring financial income | 75 | €2,949 | €5,402 | +€2,452 | +83.2% |
| Financial charges | 65/66B | €932 | €3,859 | +€2,927 | +314.2% |
| Recurring financial charges | 65 | €932 | €3,859 | +€2,927 | +314.2% |
| Profit (loss) for the period before taxes | 9903 | €86,381 | €120,001 | +€33,620 | +38.9% |
| Income taxes | 67/77 | €26,089 | €35,635 | +€9,545 | +36.6% |
| Profit (loss) for the period | 9904 | €60,292 | €84,367 | +€24,075 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,292 | €84,367 | +€24,075 | +39.9% |
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 11 October 2026 via checked.be.