WVR Construct: 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.
WVR Construct
Largest movements
- Tangible fixed assets -€18,529
down €18,529 (-20.9%), from €88,496 to €69,967
of which Furniture and vehicles: -€16,344
- Receivables within one year +€6,043
up €6,043 (+5.3%), from €114,428 to €120,471
of which Other amounts receivable: +€6,043
- Current investments -€3,865
down €3,865 (-21.2%), from €18,213 to €14,348
- Tax, wage and social debts -€22,296
down €22,296 (-69.1%), from €32,289 to €9,993
- Profit (loss) carried forward +€18,658
up €18,658 (+13.8%), from €135,084 to €153,741
- Debts after one year -€12,396
down €12,396 (-36.2%), from €34,282 to €21,886
- Depreciation +€9,066
up €9,066 (+95.8%), from €9,462 to €18,529
- Purchases and services -€8,459
down €8,459 (-8.2%), from €103,660 to €95,201
- Gross operating margin +€6,725
up €6,725 (+6.7%), from €100,830 to €107,554
- Taxes -€1,754
down €1,754 (-8.7%), from €20,227 to €18,473
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 | €236,310 | €221,981 | -€14,329 | -6.1% |
| Fixed assets | 21/28 | €88,496 | €69,967 | -€18,529 | -20.9% |
| Tangible fixed assets | 22/27 | €88,496 | €69,967 | -€18,529 | -20.9% |
| Plant, machinery and equipment | 23 | €696 | €536 | -€161 | -23.1% |
| Furniture and vehicles | 24 | €72,467 | €56,124 | -€16,344 | -22.6% |
| Other tangible fixed assets | 26 | €15,332 | €13,308 | -€2,024 | -13.2% |
| Current assets | 29/58 | €147,814 | €152,014 | +€4,200 | +2.8% |
| Amounts receivable within one year | 40/41 | €114,428 | €120,471 | +€6,043 | +5.3% |
| Trade receivables | 40 | €15,500 | €15,500 | = | 0.0% |
| Other amounts receivable | 41 | €98,928 | €104,971 | +€6,043 | +6.1% |
| Current investments | 50/53 | €18,213 | €14,348 | -€3,865 | -21.2% |
| Cash at bank and in hand | 54/58 | €13,653 | €13,907 | +€254 | +1.9% |
| Deferred charges and accrued income | 490/1 | €1,521 | €3,288 | +€1,767 | +116% |
| Total equity and liabilities | 10/49 | €236,310 | €221,981 | -€14,329 | -6.1% |
| Equity | 10/15 | €155,544 | €174,201 | +€18,658 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,084 | €153,741 | +€18,658 | +13.8% |
| Amounts payable | 17/49 | €80,766 | €47,780 | -€32,987 | -40.8% |
| Amounts payable after more than one year | 17 | €34,282 | €21,886 | -€12,396 | -36.2% |
| Financial debts | 170/4 | €34,282 | €21,886 | -€12,396 | -36.2% |
| Amounts payable within one year | 42/48 | €46,485 | €25,894 | -€20,590 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €11,873 | €12,396 | +€523 | +4.4% |
| Trade debts | 44 | €1,221 | €2,403 | +€1,182 | +96.9% |
| Suppliers | 440/4 | €1,221 | €2,403 | +€1,182 | +96.9% |
| Taxes, remuneration and social security | 45 | €32,289 | €9,993 | -€22,296 | -69.1% |
| Taxes | 450/3 | €32,289 | €9,993 | -€22,296 | -69.1% |
| Other amounts payable | 47/48 | €1,102 | €1,102 | = | 0.0% |
| Non-recurring operating income | 76A | €2,586 | - | -€2,586 | |
| Goods, raw materials, services and sundry goods | 60/61 | €103,660 | €95,201 | -€8,459 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,462 | €18,529 | +€9,066 | +95.8% |
| Other operating charges | 640/8 | €944 | €796 | -€148 | -15.6% |
| Gross operating margin | 9900 | €100,830 | €107,554 | +€6,725 | +6.7% |
| Operating profit (loss) | 9901 | €90,423 | €88,229 | -€2,194 | -2.4% |
| Financial income | 75/76B | €470 | €722 | +€252 | +53.8% |
| Recurring financial income | 75 | €470 | €722 | +€252 | +53.8% |
| Financial charges | 65/66B | €1,009 | €1,821 | +€811 | +80.4% |
| Recurring financial charges | 65 | €1,009 | €1,821 | +€811 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €89,884 | €87,131 | -€2,753 | -3.1% |
| Income taxes | 67/77 | €20,227 | €18,473 | -€1,754 | -8.7% |
| Profit (loss) for the period | 9904 | €69,656 | €68,658 | -€999 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,656 | €68,658 | -€999 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.