WVV: 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.
WVV
Largest movements
- Cash +€458,581
up €458,581 (+506.2%), from €90,585 to €549,166
mainly Net result for the year (+€293,930) and Trade debts (+€205,120)
- Receivables within one year +€150,856
up €150,856 (+17.4%), from €866,038 to €1.0m
of which Other amounts receivable: +€541,314
- Reserves +€293,930
up €293,930 (+186.9%), from €157,277 to €451,207
- Trade debts +€205,120
up €205,120 (+28.3%), from €724,196 to €929,317
- Tax, wage and social debts +€104,134
up €104,134 (+140.2%), from €74,260 to €178,394
of which Taxes: +€63,689
- Gross operating margin +€339,998
up €339,998 (+81.3%), from €418,370 to €758,368
- Staff costs +€156,606
up €156,606 (+73.8%), from €212,150 to €368,756
- Taxes +€48,346
up €48,346 (+102.8%), from €47,026 to €95,372
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 | €962,859 | €1,568,447 | +€605,588 | +62.9% |
| Formation expenses | 20 | €586 | €0 | -€586 | -100.0% |
| Current assets | 29/58 | €962,272 | €1,568,447 | +€606,175 | +63.0% |
| Amounts receivable within one year | 40/41 | €866,038 | €1,016,894 | +€150,856 | +17.4% |
| Trade receivables | 40 | €390,775 | €317 | -€390,458 | -99.9% |
| Other amounts receivable | 41 | €475,263 | €1,016,577 | +€541,314 | +113.9% |
| Cash at bank and in hand | 54/58 | €90,585 | €549,166 | +€458,581 | +506.2% |
| Deferred charges and accrued income | 490/1 | €5,649 | €2,386 | -€3,262 | -57.8% |
| Total equity and liabilities | 10/49 | €962,859 | €1,568,447 | +€605,588 | +62.9% |
| Equity | 10/15 | €162,277 | €456,207 | +€293,930 | +181.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €157,277 | €451,207 | +€293,930 | +186.9% |
| Distributable reserves | 133 | €157,277 | €451,207 | +€293,930 | +186.9% |
| Amounts payable | 17/49 | €800,581 | €1,112,240 | +€311,658 | +38.9% |
| Amounts payable within one year | 42/48 | €800,581 | €1,112,240 | +€311,658 | +38.9% |
| Trade debts | 44 | €724,196 | €929,317 | +€205,120 | +28.3% |
| Suppliers | 440/4 | €724,196 | €929,317 | +€205,120 | +28.3% |
| Taxes, remuneration and social security | 45 | €74,260 | €178,394 | +€104,134 | +140.2% |
| Taxes | 450/3 | €38,398 | €102,086 | +€63,689 | +165.9% |
| Remuneration and social security | 454/9 | €35,862 | €76,307 | +€40,445 | +112.8% |
| Other amounts payable | 47/48 | €2,125 | €4,530 | +€2,405 | +113.2% |
| Remuneration, social security and pensions | 62 | €212,150 | €368,756 | +€156,606 | +73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €586 | -€305 | -34.2% |
| Other operating charges | 640/8 | €488 | €2,363 | +€1,875 | +384.2% |
| Gross operating margin | 9900 | €418,370 | €758,368 | +€339,998 | +81.3% |
| Operating profit (loss) | 9901 | €204,841 | €386,663 | +€181,822 | +88.8% |
| Financial income | 75/76B | - | €2,964 | +€2,964 | |
| Recurring financial income | 75 | - | €2,964 | +€2,964 | |
| Financial charges | 65/66B | €538 | €325 | -€212 | -39.5% |
| Recurring financial charges | 65 | €538 | €325 | -€212 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €204,303 | €389,302 | +€184,999 | +90.6% |
| Income taxes | 67/77 | €47,026 | €95,372 | +€48,346 | +102.8% |
| Profit (loss) for the period | 9904 | €157,277 | €293,930 | +€136,653 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,277 | €293,930 | +€136,653 | +86.9% |
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 4 October 2026 via checked.be.