WVT: 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.
WVT
Largest movements
- Receivables within one year +€12,148
up €12,148 (+24.2%), from €50,147 to €62,296
of which Trade receivables: +€8,739
- Cash +€7,218
up €7,218 (+98.1%), from €7,355 to €14,573
mainly Accrued charges and deferred income (+€12,000) and Tax, wage and social debts (+€10,752)
- Tangible fixed assets -€6,833
down €6,833 (-79.5%), from €8,593 to €1,760
of which Plant, machinery and equipment: -€5,703
- Intangible fixed assets -€1,500
down €1,500 (-11.1%), from €13,500 to €12,000
- Profit (loss) carried forward -€20,004
down €20,004 (-83.9%), from -€23,842 to -€43,847
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Tax, wage and social debts +€10,752
up €10,752 (+99.9%), from €10,767 to €21,519
of which Remuneration and social security: +€5,729
- Trade debts +€9,983
up €9,983 (+101.3%), from €9,859 to €19,842
- Other debts -€4,435
down €4,435 (-68.0%), from €6,520 to €2,085
- Staff costs +€11,760
up €11,760 (+17.7%), from €66,273 to €78,032
- Financial charges +€8,939
up €8,939 (+151.3%), from €5,909 to €14,848
of which Non-recurring financial charges: +€9,065
- Gross operating margin -€5,220
down €5,220 (-6.2%), from €83,695 to €78,475
- Other operating charges +€1,975
up €1,975 (+130.1%), from €1,518 to €3,493
- Depreciation -€1,851
down €1,851 (-52.2%), from €3,547 to €1,696
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 | €80,938 | €91,434 | +€10,495 | +13.0% |
| Fixed assets | 21/28 | €22,093 | €13,760 | -€8,333 | -37.7% |
| Intangible fixed assets | 21 | €13,500 | €12,000 | -€1,500 | -11.1% |
| Tangible fixed assets | 22/27 | €8,593 | €1,760 | -€6,833 | -79.5% |
| Plant, machinery and equipment | 23 | €5,703 | €0 | -€5,703 | -100.0% |
| Other tangible fixed assets | 26 | €2,889 | €1,760 | -€1,130 | -39.1% |
| Current assets | 29/58 | €58,846 | €77,674 | +€18,828 | +32.0% |
| Stocks and contracts in progress | 3 | €728 | €728 | = | 0.0% |
| Stocks | 30/36 | €728 | €728 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,147 | €62,296 | +€12,148 | +24.2% |
| Trade receivables | 40 | €27,380 | €36,119 | +€8,739 | +31.9% |
| Other amounts receivable | 41 | €22,767 | €26,176 | +€3,409 | +15.0% |
| Cash at bank and in hand | 54/58 | €7,355 | €14,573 | +€7,218 | +98.1% |
| Deferred charges and accrued income | 490/1 | €616 | €77 | -€538 | -87.4% |
| Total equity and liabilities | 10/49 | €80,938 | €91,434 | +€10,495 | +13.0% |
| Equity | 10/15 | -€1,209 | -€21,213 | -€20,004 | -1655.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,034 | €4,034 | = | 0.0% |
| Non-distributable reserves | 130/1 | €202 | €202 | = | 0.0% |
| Reserves not available under the articles | 1311 | €202 | €202 | = | 0.0% |
| Distributable reserves | 133 | €3,832 | €3,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,842 | -€43,847 | -€20,004 | -83.9% |
| Amounts payable | 17/49 | €82,147 | €112,646 | +€30,500 | +37.1% |
| Amounts payable after more than one year | 17 | €55,000 | €57,200 | +€2,200 | +4.0% |
| Financial debts | 170/4 | €55,000 | €57,200 | +€2,200 | +4.0% |
| Amounts payable within one year | 42/48 | €27,147 | €43,446 | +€16,300 | +60.0% |
| Trade debts | 44 | €9,859 | €19,842 | +€9,983 | +101.3% |
| Suppliers | 440/4 | €9,859 | €19,842 | +€9,983 | +101.3% |
| Taxes, remuneration and social security | 45 | €10,767 | €21,519 | +€10,752 | +99.9% |
| Taxes | 450/3 | €5,165 | €10,188 | +€5,023 | +97.2% |
| Remuneration and social security | 454/9 | €5,602 | €11,331 | +€5,729 | +102.3% |
| Other amounts payable | 47/48 | €6,520 | €2,085 | -€4,435 | -68.0% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €66,273 | €78,032 | +€11,760 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,547 | €1,696 | -€1,851 | -52.2% |
| Other operating charges | 640/8 | €1,518 | €3,493 | +€1,975 | +130.1% |
| Non-recurring operating charges | 66A | - | €637 | +€637 | |
| Gross operating margin | 9900 | €83,695 | €78,475 | -€5,220 | -6.2% |
| Operating profit (loss) | 9901 | €12,358 | -€5,383 | -€17,741 | |
| Financial income | 75/76B | €1 | €227 | +€226 | +22194.1% |
| Recurring financial income | 75 | €1 | €227 | +€226 | +22194.1% |
| Financial charges | 65/66B | €5,909 | €14,848 | +€8,939 | +151.3% |
| Recurring financial charges | 65 | €4,654 | €4,528 | -€126 | -2.7% |
| Non-recurring financial charges | 66B | €1,255 | €10,320 | +€9,065 | +722.3% |
| Profit (loss) for the period before taxes | 9903 | €6,449 | -€20,004 | -€26,453 | |
| Profit (loss) for the period | 9904 | €6,449 | -€20,004 | -€26,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,449 | -€20,004 | -€26,453 |
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 10 October 2026 via checked.be.