WVT Group: 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.
What changed
WVT Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€447,079
2024 · €1.9m-€1.4m
Equity
€48.4m
2024 · €48.0m+€447,079
Cash
€18,257
2024 · €399,678-€381,422
Balance sheet total
€51.6m
2024 · €63.9m-€12.2m
Largest movements
Assets
- Receivables after one year -€11.6m
down €11.6m (-88.4%), from €13.1m to €1.5m
Equity and liabilities
- Debts after one year -€12.0m
down €12.0m (-81.7%), from €14.7m to €2.7m
- Current portion of long-term debt -€729,167
no longer reported in 2025 (was €729,167)
Income statement
- Financial income -€2.3m
down €2.3m (-76.2%), from €3.1m to €728,086
- Financial charges -€839,724
down €839,724 (-68.9%), from €1.2m to €378,372
- Turnover +€804,757
up €804,757 (+65.0%), from €1.2m to €2.0m
- Services and other goods +€751,709
up €751,709 (+63.2%), from €1.2m to €1.9m
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.
Result 2024
€1.9m
Turnover
+€804,757
Services and other goods
-€751,709
Depreciation
-€2,365
Other operating charges
-€33
Financial income
-€2.3m
Financial charges
+€839,724
Result 2025
€447,079
raises the resultlowers the result
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.
From operations
+€12.3m
Investment
-€21,421
Financing
-€12.7m
Cash 2024
€399,678
From operations (derived)
+€12.3m
Net result for the year
+€447,079
Depreciation
+€2,665
Receivables after one year
+€11.6m
Receivables within one year
-€292,266
Deferred charges and accrued income
+€592,671
Trade debts
+€240,910
Accrued charges and deferred income
-€212,429
Investment (derived)
-€21,421
Investment in fixed assets (net)
-€21,421
Financing
-€12.7m
Debts after one year
-€12.0m
Current portion of long-term debt
-€729,167
Cash 2025
€18,257
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,869,138 | €51,634,998 | -€12.2m | -19.2% |
| Fixed assets | 21/28 | €49,431,926 | €49,450,683 | +€18,757 | 0.0% |
| Intangible fixed assets | 21 | €1,022 | €19,779 | +€18,757 | +1,834% |
| Financial fixed assets | 28 | €49,430,904 | €49,430,904 | = | 0.0% |
| Affiliated companies | 280/1 | €49,430,904 | €49,430,904 | = | 0.0% |
| Participating interests | 280 | €49,430,904 | €49,430,904 | = | 0.0% |
| Current assets | 29/58 | €14,437,212 | €2,184,315 | -€12.3m | -84.9% |
| Amounts receivable after more than one year | 29 | €13,088,489 | €1,517,420 | -€11.6m | -88.4% |
| Other amounts receivable | 291 | €13,088,489 | €1,517,420 | -€11.6m | -88.4% |
| Amounts receivable within one year | 40/41 | €356,373 | €648,639 | +€292,266 | +82.0% |
| Trade receivables | 40 | €310,580 | €569,681 | +€259,101 | +83.4% |
| Other amounts receivable | 41 | €45,793 | €78,958 | +€33,165 | +72.4% |
| Cash at bank and in hand | 54/58 | €399,678 | €18,257 | -€381,422 | -95.4% |
| Deferred charges and accrued income | 490/1 | €592,671 | - | -€592,671 | |
| Total equity and liabilities | 10/49 | €63,869,138 | €51,634,998 | -€12.2m | -19.2% |
| Equity | 10/15 | €47,953,285 | €48,400,365 | +€447,079 | +0.9% |
| Contributions | 10/11 | €40,602,451 | €40,602,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,350,834 | €7,797,914 | +€447,079 | +6.1% |
| Amounts payable | 17/49 | €15,915,853 | €3,234,634 | -€12.7m | -79.7% |
| Amounts payable after more than one year | 17 | €14,660,845 | €2,680,312 | -€12.0m | -81.7% |
| Financial debts | 170/4 | €14,660,845 | €2,680,312 | -€12.0m | -81.7% |
| Subordinated loans | 170 | €5,910,845 | - | -€5.9m | |
| Credit institutions | 173 | €8,750,000 | - | -€8.8m | |
| Other loans | 174 | - | €2,680,312 | +€2.7m | |
| Amounts payable within one year | 42/48 | €1,014,762 | €526,505 | -€488,257 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €729,167 | - | -€729,167 | |
| Trade debts | 44 | €285,595 | €526,505 | +€240,910 | +84.4% |
| Suppliers | 440/4 | €285,595 | €526,505 | +€240,910 | +84.4% |
| Accrued charges and deferred income | 492/3 | €240,246 | €27,817 | -€212,429 | -88.4% |
| Operating income | 70/76A | €1,238,138 | €2,042,895 | +€804,757 | +65.0% |
| Turnover | 70 | €1,238,138 | €2,042,895 | +€804,757 | +65.0% |
| Operating charges | 60/66A | €1,191,423 | €1,945,530 | +€754,107 | +63.3% |
| Services and other goods | 61 | €1,190,038 | €1,941,747 | +€751,709 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €2,665 | +€2,365 | +788% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €46,714 | €97,365 | +€50,650 | +108% |
| Financial income | 75/76B | €3,052,789 | €728,086 | -€2.3m | -76.2% |
| Recurring financial income | 75 | €3,052,789 | €728,086 | -€2.3m | -76.2% |
| Income from financial fixed assets | 750 | €2,250,000 | €500,000 | -€1.8m | -77.8% |
| Income from current assets | 751 | €802,789 | €228,086 | -€574,703 | -71.6% |
| Financial charges | 65/66B | €1,218,096 | €378,372 | -€839,724 | -68.9% |
| Recurring financial charges | 65 | €1,218,096 | €378,372 | -€839,724 | -68.9% |
| Debt charges | 650 | €1,161,041 | €376,396 | -€784,645 | -67.6% |
| Other financial charges | 652/9 | €57,055 | €1,976 | -€55,079 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €1,881,407 | €447,079 | -€1.4m | -76.2% |
| Profit (loss) for the period | 9904 | €1,881,407 | €447,079 | -€1.4m | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,881,407 | €447,079 | -€1.4m | -76.2% |
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 30 October 2026 via checked.be.