WVS-DESIGN: 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.
WVS-DESIGN
Largest movements
- Tangible fixed assets +€23,808
up €23,808 (+28.9%), from €82,440 to €106,248
of which Leasing and similar rights: +€35,305
- Receivables within one year -€13,217
down €13,217 (-53.3%), from €24,816 to €11,600
of which Trade receivables: -€13,693
- Cash -€12,996
down €12,996 (-25.0%), from €51,923 to €38,927
mainly Investment in fixed assets (net) (-€42,837) and Other debts (-€22,059)
- Deferred charges and accrued income +€2,203
up €2,203 (+258.0%), from €854 to €3,057
- Other debts -€22,059
down €22,059 (-46.9%), from €47,059 to €25,000
- Reserves +€19,963
up €19,963 (+60.3%), from €33,086 to €53,050
- Advances received -€13,693
no longer reported in 2025 (was €13,693)
- Debts after one year +€11,224
up €11,224 (+25.5%), from €44,074 to €55,298
- Current portion of long-term debt +€5,854
up €5,854 (+38.6%), from €15,148 to €21,003
- Gross operating margin +€6,493
up €6,493 (+15.2%), from €42,858 to €49,351
- Depreciation +€2,334
up €2,334 (+14.0%), from €16,695 to €19,029
- Taxes +€1,080
up €1,080 (+30.1%), from €3,593 to €4,673
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 | €161,233 | €161,031 | -€202 | -0.1% |
| Fixed assets | 21/28 | €83,640 | €107,448 | +€23,808 | +28.5% |
| Tangible fixed assets | 22/27 | €82,440 | €106,248 | +€23,808 | +28.9% |
| Plant, machinery and equipment | 23 | €18,879 | €13,257 | -€5,622 | -29.8% |
| Furniture and vehicles | 24 | €9,033 | €3,158 | -€5,875 | -65.0% |
| Leasing and similar rights | 25 | €54,528 | €89,833 | +€35,305 | +64.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €77,593 | €53,584 | -€24,009 | -30.9% |
| Amounts receivable within one year | 40/41 | €24,816 | €11,600 | -€13,217 | -53.3% |
| Trade receivables | 40 | €13,693 | - | -€13,693 | |
| Other amounts receivable | 41 | €11,123 | €11,600 | +€476 | +4.3% |
| Cash at bank and in hand | 54/58 | €51,923 | €38,927 | -€12,996 | -25.0% |
| Deferred charges and accrued income | 490/1 | €854 | €3,057 | +€2,203 | +258.0% |
| Total equity and liabilities | 10/49 | €161,233 | €161,031 | -€202 | -0.1% |
| Equity | 10/15 | €36,086 | €56,050 | +€19,963 | +55.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,086 | €53,050 | +€19,963 | +60.3% |
| Distributable reserves | 133 | €33,086 | €53,050 | +€19,963 | +60.3% |
| Amounts payable | 17/49 | €125,147 | €104,982 | -€20,165 | -16.1% |
| Amounts payable after more than one year | 17 | €44,074 | €55,298 | +€11,224 | +25.5% |
| Financial debts | 170/4 | €44,074 | €55,298 | +€11,224 | +25.5% |
| Amounts payable within one year | 42/48 | €81,073 | €49,684 | -€31,389 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €15,148 | €21,003 | +€5,854 | +38.6% |
| Trade debts | 44 | €4,823 | €3,681 | -€1,142 | -23.7% |
| Suppliers | 440/4 | €4,823 | €3,681 | -€1,142 | -23.7% |
| Advances received on contracts in progress | 46 | €13,693 | - | -€13,693 | |
| Taxes, remuneration and social security | 45 | €350 | - | -€350 | |
| Taxes | 450/3 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €47,059 | €25,000 | -€22,059 | -46.9% |
| Non-recurring operating income | 76A | - | €5,895 | +€5,895 | |
| Remuneration, social security and pensions | 62 | €2,217 | €2,360 | +€143 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,695 | €19,029 | +€2,334 | +14.0% |
| Other operating charges | 640/8 | €897 | €858 | -€39 | -4.4% |
| Gross operating margin | 9900 | €42,858 | €49,351 | +€6,493 | +15.2% |
| Operating profit (loss) | 9901 | €23,048 | €27,104 | +€4,055 | +17.6% |
| Financial income | 75/76B | €199 | €4 | -€195 | -98.0% |
| Recurring financial income | 75 | €199 | €4 | -€195 | -98.0% |
| Financial charges | 65/66B | €2,555 | €2,471 | -€83 | -3.3% |
| Recurring financial charges | 65 | €2,555 | €2,471 | -€83 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €20,693 | €24,636 | +€3,943 | +19.1% |
| Income taxes | 67/77 | €3,593 | €4,673 | +€1,080 | +30.1% |
| Profit (loss) for the period | 9904 | €17,100 | €19,963 | +€2,864 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,100 | €19,963 | +€2,864 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.