WVR Immo: what changed
Two fiscal 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 Immo
Largest movements
- Tangible fixed assets +€91,434
up €91,434 (+85.2%), from €107,261 to €198,696
of which Plant, machinery and equipment: +€58,178
- Stocks and contracts +€65,000
new in 2025: €65,000
- Cash +€36,989
up €36,989 (+819.3%), from €4,515 to €41,504
mainly Other debts (+€197,083) and Depreciation (+€38,566)
- Receivables within one year +€21,433
new in 2025: €21,433
of which Trade receivables: +€21,298
- Other debts +€197,083
up €197,083 (+1029.2%), from €19,149 to €216,233
- Reserves +€12,923
up €12,923 (+147.5%), from €8,759 to €21,682
- Debts after one year -€11,306
down €11,306 (-24.5%), from €46,081 to €34,775
- Tax, wage and social debts +€10,736
up €10,736 (+448.5%), from €2,394 to €13,130
of which Taxes: +€8,528
- Trade debts +€10,507
new in 2025: €10,507
- Gross operating margin +€49,155
up €49,155 (+391.8%), from €12,545 to €61,700
- Depreciation +€31,872
up €31,872 (+476.2%), from €6,693 to €38,566
- Taxes +€4,413
up €4,413 (+554.5%), from €796 to €5,209
- Other operating charges +€1,131
up €1,131 (+76.3%), from €1,482 to €2,612
- Financial charges +€957
up €957 (+66.7%), from €1,435 to €2,392
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 | €111,776 | €327,633 | +€215,857 | +193.1% |
| Fixed assets | 21/28 | €107,261 | €198,696 | +€91,434 | +85.2% |
| Tangible fixed assets | 22/27 | €107,261 | €198,696 | +€91,434 | +85.2% |
| Land and buildings | 22 | €104,000 | €99,600 | -€4,400 | -4.2% |
| Plant, machinery and equipment | 23 | €3,261 | €61,439 | +€58,178 | +1783.8% |
| Furniture and vehicles | 24 | - | €37,657 | +€37,657 | |
| Current assets | 29/58 | €4,515 | €128,937 | +€124,423 | +2755.9% |
| Stocks and contracts in progress | 3 | - | €65,000 | +€65,000 | |
| Stocks | 30/36 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | - | €21,433 | +€21,433 | |
| Trade receivables | 40 | - | €21,298 | +€21,298 | |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Cash at bank and in hand | 54/58 | €4,515 | €41,504 | +€36,989 | +819.3% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €111,776 | €327,633 | +€215,857 | +193.1% |
| Equity | 10/15 | €28,759 | €41,682 | +€12,923 | +44.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,759 | €21,682 | +€12,923 | +147.5% |
| Distributable reserves | 133 | €8,759 | €21,682 | +€12,923 | +147.5% |
| Amounts payable | 17/49 | €83,017 | €285,951 | +€202,934 | +244.4% |
| Amounts payable after more than one year | 17 | €46,081 | €34,775 | -€11,306 | -24.5% |
| Financial debts | 170/4 | €46,081 | €34,775 | -€11,306 | -24.5% |
| Amounts payable within one year | 42/48 | €36,935 | €251,176 | +€214,241 | +580.0% |
| Current portion of amounts payable after more than one year | 42 | €10,835 | €11,306 | +€471 | +4.3% |
| Trade debts | 44 | - | €10,507 | +€10,507 | |
| Suppliers | 440/4 | - | €10,507 | +€10,507 | |
| Advances received on contracts in progress | 46 | €4,557 | - | -€4,557 | |
| Taxes, remuneration and social security | 45 | €2,394 | €13,130 | +€10,736 | +448.5% |
| Taxes | 450/3 | €2,394 | €10,921 | +€8,528 | +356.3% |
| Remuneration and social security | 454/9 | - | €2,208 | +€2,208 | |
| Other amounts payable | 47/48 | €19,149 | €216,233 | +€197,083 | +1029.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,693 | €38,566 | +€31,872 | +476.2% |
| Other operating charges | 640/8 | €1,482 | €2,612 | +€1,131 | +76.3% |
| Gross operating margin | 9900 | €12,545 | €61,700 | +€49,155 | +391.8% |
| Operating profit (loss) | 9901 | €4,371 | €20,523 | +€16,152 | +369.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,435 | €2,392 | +€957 | +66.7% |
| Recurring financial charges | 65 | €1,435 | €2,392 | +€957 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €2,935 | €18,132 | +€15,197 | +517.7% |
| Income taxes | 67/77 | €796 | €5,209 | +€4,413 | +554.5% |
| Profit (loss) for the period | 9904 | €2,139 | €12,923 | +€10,783 | +504.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,139 | €12,923 | +€10,783 | +504.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.