WVSE: 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.
WVSE
Largest movements
- Receivables within one year +€35,192
up €35,192 (+1566.7%), from €2,246 to €37,438
of which Trade receivables: +€19,947
- Tangible fixed assets -€5,536
down €5,536 (-31.0%), from €17,848 to €12,312
of which Plant, machinery and equipment: -€3,282
- Cash -€4,199
down €4,199 (-24.3%), from €17,292 to €13,093
mainly Receivables within one year (-€35,192) and Other debts (-€22,478)
- Reserves +€23,569
up €23,569 (+884.3%), from €2,665 to €26,234
of which Distributable reserves: +€26,234
- Other debts -€22,478
down €22,478 (-100.0%), from €22,478 to €0
- Trade debts +€13,929
up €13,929 (+1882.9%), from €740 to €14,669
- Tax, wage and social debts +€10,291
up €10,291 (+623.9%), from €1,649 to €11,941
of which Taxes: +€9,624
- Gross operating margin +€17,979
up €17,979 (+62.4%), from €28,826 to €46,805
- Staff costs -€8,822
down €8,822 (-52.7%), from €16,739 to €7,916
- Taxes +€7,774
up €7,774 (+697.7%), from €1,114 to €8,888
- Depreciation -€1,777
down €1,777 (-24.3%), from €7,314 to €5,536
- Financial charges +€700
up €700 (+1325.0%), from €53 to €753
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,533 | €62,843 | +€25,310 | +67.4% |
| Fixed assets | 21/28 | €17,848 | €12,312 | -€5,536 | -31.0% |
| Tangible fixed assets | 22/27 | €17,848 | €12,312 | -€5,536 | -31.0% |
| Plant, machinery and equipment | 23 | €15,594 | €12,312 | -€3,282 | -21.0% |
| Furniture and vehicles | 24 | €2,254 | - | -€2,254 | |
| Current assets | 29/58 | €19,685 | €50,532 | +€30,847 | +156.7% |
| Amounts receivable within one year | 40/41 | €2,246 | €37,438 | +€35,192 | +1566.7% |
| Trade receivables | 40 | €2,246 | €22,194 | +€19,947 | +888.0% |
| Other amounts receivable | 41 | €0 | €15,245 | +€15,245 | |
| Cash at bank and in hand | 54/58 | €17,292 | €13,093 | -€4,199 | -24.3% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100.0% |
| Total equity and liabilities | 10/49 | €37,533 | €62,843 | +€25,310 | +67.4% |
| Equity | 10/15 | €12,665 | €36,234 | +€23,569 | +186.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €2,665 | €26,234 | +€23,569 | +884.3% |
| Non-distributable reserves | 130/1 | €2,665 | - | -€2,665 | |
| Legal reserve | 130 | €2,665 | - | -€2,665 | |
| Distributable reserves | 133 | - | €26,234 | +€26,234 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €24,868 | €26,609 | +€1,742 | +7.0% |
| Amounts payable within one year | 42/48 | €24,868 | €26,609 | +€1,742 | +7.0% |
| Trade debts | 44 | €740 | €14,669 | +€13,929 | +1882.9% |
| Suppliers | 440/4 | €740 | €14,669 | +€13,929 | +1882.9% |
| Taxes, remuneration and social security | 45 | €1,649 | €11,941 | +€10,291 | +623.9% |
| Taxes | 450/3 | €1,624 | €11,248 | +€9,624 | +592.5% |
| Remuneration and social security | 454/9 | €25 | €693 | +€667 | +2632.2% |
| Other amounts payable | 47/48 | €22,478 | €0 | -€22,478 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,739 | €7,916 | -€8,822 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,314 | €5,536 | -€1,777 | -24.3% |
| Other operating charges | 640/8 | €943 | €486 | -€457 | -48.5% |
| Gross operating margin | 9900 | €28,826 | €46,805 | +€17,979 | +62.4% |
| Operating profit (loss) | 9901 | €3,831 | €32,867 | +€29,035 | +757.8% |
| Financial income | 75/76B | €1 | €343 | +€342 | +33864.4% |
| Recurring financial income | 75 | €1 | €343 | +€342 | +33864.4% |
| Financial charges | 65/66B | €53 | €753 | +€700 | +1325.0% |
| Recurring financial charges | 65 | €53 | €753 | +€700 | +1325.0% |
| Profit (loss) for the period before taxes | 9903 | €3,780 | €32,457 | +€28,677 | +758.7% |
| Income taxes | 67/77 | €1,114 | €8,888 | +€7,774 | +697.7% |
| Profit (loss) for the period | 9904 | €2,665 | €23,569 | +€20,903 | +784.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,665 | €23,569 | +€20,903 | +784.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.