WVT: 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.
WVT
Largest movements
- Cash -€19,460
down €19,460 (-32.9%), from €59,219 to €39,760
mainly Receivables within one year (-€9,602) and Net result for the year (-€9,408)
- Receivables within one year +€9,602
up €9,602 (+5.7%), from €169,628 to €179,230
of which Other amounts receivable: +€6,700
- Deferred charges and accrued income +€8,856
up €8,856 (+1845.9%), from €480 to €9,336
- Tangible fixed assets +€3,684
up €3,684 (+51.2%), from €7,201 to €10,886
of which Plant, machinery and equipment: +€4,832
- Trade debts +€11,245
up €11,245 (+48.1%), from €23,401 to €34,646
- Reserves -€9,408
down €9,408 (-4.9%), from €193,700 to €184,292
- Gross operating margin -€48,553
down €48,553, from €43,550 to -€5,003
- Financial charges +€2,211
up €2,211 (+411.7%), from €537 to €2,748
- Financial income +€1,287
up €1,287 (+87.0%), from €1,480 to €2,767
- Other operating charges -€679
down €679 (-39.8%), from €1,707 to €1,028
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 | €236,529 | €239,211 | +€2,682 | +1.1% |
| Fixed assets | 21/28 | €7,201 | €10,886 | +€3,684 | +51.2% |
| Tangible fixed assets | 22/27 | €7,201 | €10,886 | +€3,684 | +51.2% |
| Plant, machinery and equipment | 23 | €2,849 | €7,680 | +€4,832 | +169.6% |
| Furniture and vehicles | 24 | €1,313 | €766 | -€547 | -41.7% |
| Other tangible fixed assets | 26 | €3,039 | €2,439 | -€600 | -19.7% |
| Current assets | 29/58 | €229,327 | €228,325 | -€1,002 | -0.4% |
| Amounts receivable within one year | 40/41 | €169,628 | €179,230 | +€9,602 | +5.7% |
| Trade receivables | 40 | €135,845 | €138,747 | +€2,901 | +2.1% |
| Other amounts receivable | 41 | €33,783 | €40,483 | +€6,700 | +19.8% |
| Cash at bank and in hand | 54/58 | €59,219 | €39,760 | -€19,460 | -32.9% |
| Deferred charges and accrued income | 490/1 | €480 | €9,336 | +€8,856 | +1845.9% |
| Total equity and liabilities | 10/49 | €236,529 | €239,211 | +€2,682 | +1.1% |
| Equity | 10/15 | €212,300 | €202,892 | -€9,408 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,700 | €184,292 | -€9,408 | -4.9% |
| Distributable reserves | 133 | €193,700 | €184,292 | -€9,408 | -4.9% |
| Amounts payable | 17/49 | €24,229 | €36,319 | +€12,090 | +49.9% |
| Amounts payable within one year | 42/48 | €24,229 | €36,319 | +€12,090 | +49.9% |
| Trade debts | 44 | €23,401 | €34,646 | +€11,245 | +48.1% |
| Suppliers | 440/4 | €23,401 | €34,646 | +€11,245 | +48.1% |
| Advances received on contracts in progress | 46 | - | €807 | +€807 | |
| Taxes, remuneration and social security | 45 | €828 | €865 | +€38 | +4.6% |
| Taxes | 450/3 | €828 | €865 | +€38 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €2,955 | +€227 | +8.3% |
| Other operating charges | 640/8 | €1,707 | €1,028 | -€679 | -39.8% |
| Gross operating margin | 9900 | €43,550 | -€5,003 | -€48,553 | |
| Operating profit (loss) | 9901 | €39,115 | -€8,987 | -€48,101 | |
| Financial income | 75/76B | €1,480 | €2,767 | +€1,287 | +87.0% |
| Recurring financial income | 75 | €1,480 | €2,767 | +€1,287 | +87.0% |
| Financial charges | 65/66B | €537 | €2,748 | +€2,211 | +411.7% |
| Recurring financial charges | 65 | €537 | €2,748 | +€2,211 | +411.7% |
| Profit (loss) for the period before taxes | 9903 | €40,058 | -€8,967 | -€49,025 | |
| Income taxes | 67/77 | €425 | €440 | +€15 | +3.6% |
| Profit (loss) for the period | 9904 | €39,633 | -€9,408 | -€49,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,633 | -€9,408 | -€49,040 |
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 8 October 2026 via checked.be.