WVS-IP: 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.
WVS-IP
Largest movements
- Cash +€41,760
up €41,760 (+49.5%), from €84,407 to €126,167
mainly Other debts (+€87,129) and Net result for the year (+€47,185)
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets +€3,500
up €3,500 (+35.7%), from €9,805 to €13,305
of which Furniture and vehicles: +€5,282
- Deferred charges and accrued income -€1,936
no longer reported in 2025 (was €1,936)
- Receivables within one year +€1,755
up €1,755 (+12.6%), from €13,976 to €15,730
- Other debts +€87,129
up €87,129 (+94,705%), from €92 to €87,221
- Reserves -€52,815
down €52,815 (-47.7%), from €110,629 to €57,813
- Gross operating margin +€3,615
up €3,615 (+6.0%), from €60,591 to €64,206
- Taxes +€1,047
up €1,047 (+8.4%), from €12,483 to €13,530
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 | €120,128 | €155,207 | +€35,079 | +29.2% |
| Fixed assets | 21/28 | €9,810 | €13,310 | +€3,500 | +35.7% |
| Tangible fixed assets | 22/27 | €9,805 | €13,305 | +€3,500 | +35.7% |
| Furniture and vehicles | 24 | - | €5,282 | +€5,282 | |
| Other tangible fixed assets | 26 | €9,805 | €8,023 | -€1,782 | -18.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €110,318 | €141,897 | +€31,579 | +28.6% |
| Amounts receivable within one year | 40/41 | €13,976 | €15,730 | +€1,755 | +12.6% |
| Trade receivables | 40 | €13,976 | €15,730 | +€1,755 | +12.6% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €84,407 | €126,167 | +€41,760 | +49.5% |
| Deferred charges and accrued income | 490/1 | €1,936 | - | -€1,936 | |
| Total equity and liabilities | 10/49 | €120,128 | €155,207 | +€35,079 | +29.2% |
| Equity | 10/15 | €111,629 | €58,813 | -€52,815 | -47.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,629 | €57,813 | -€52,815 | -47.7% |
| Distributable reserves | 133 | €110,629 | €57,813 | -€52,815 | -47.7% |
| Amounts payable | 17/49 | €8,499 | €96,393 | +€87,894 | +1,034% |
| Amounts payable within one year | 42/48 | €8,499 | €96,393 | +€87,894 | +1,034% |
| Trade debts | 44 | €998 | €1,013 | +€15 | +1.5% |
| Suppliers | 440/4 | €998 | €1,013 | +€15 | +1.5% |
| Taxes, remuneration and social security | 45 | €7,409 | €8,160 | +€750 | +10.1% |
| Taxes | 450/3 | €7,409 | €8,160 | +€750 | +10.1% |
| Other amounts payable | 47/48 | €92 | €87,221 | +€87,129 | +94,705% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,052 | €2,304 | +€252 | +12.3% |
| Other operating charges | 640/8 | €1,257 | €880 | -€378 | -30.0% |
| Gross operating margin | 9900 | €60,591 | €64,206 | +€3,615 | +6.0% |
| Operating profit (loss) | 9901 | €57,282 | €61,023 | +€3,741 | +6.5% |
| Financial income | 75/76B | €741 | €394 | -€347 | -46.8% |
| Recurring financial income | 75 | €741 | €394 | -€347 | -46.8% |
| Financial charges | 65/66B | €751 | €702 | -€50 | -6.6% |
| Recurring financial charges | 65 | €751 | €702 | -€50 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €57,271 | €60,715 | +€3,444 | +6.0% |
| Income taxes | 67/77 | €12,483 | €13,530 | +€1,047 | +8.4% |
| Profit (loss) for the period | 9904 | €44,788 | €47,185 | +€2,397 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,788 | €47,185 | +€2,397 | +5.4% |
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 15 October 2026 via checked.be.