WDV Projects: 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.
WDV Projects
Largest movements
- Cash +€49,854
up €49,854 (+99.0%), from €50,351 to €100,204
mainly Net result for the year (+€41,378) and Depreciation (+€12,774)
- Tangible fixed assets -€12,774
down €12,774 (-31.2%), from €40,954 to €28,180
of which Leasing and similar rights: -€10,881
- Current investments +€4,000
up €4,000 (+13.3%), from €30,087 to €34,087
- Receivables within one year -€2,878
down €2,878 (-8.0%), from €35,943 to €33,065
of which Trade receivables: -€1,842
- Reserves +€41,378
up €41,378 (+39.2%), from €105,453 to €146,831
- Debts after one year -€7,855
down €7,855 (-40.2%), from €19,523 to €11,668
- Tax, wage and social debts +€3,435
up €3,435 (+15.0%), from €22,856 to €26,292
- Financial income +€4,782
up €4,782 (+840%), from €569 to €5,351
- Gross operating margin -€2,713
down €2,713 (-3.9%), from €69,466 to €66,754
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,996 | €196,551 | +€37,555 | +23.6% |
| Fixed assets | 21/28 | €41,130 | €28,356 | -€12,774 | -31.1% |
| Tangible fixed assets | 22/27 | €40,954 | €28,180 | -€12,774 | -31.2% |
| Plant, machinery and equipment | 23 | €1,513 | €656 | -€858 | -56.7% |
| Furniture and vehicles | 24 | €2,267 | €1,232 | -€1,036 | -45.7% |
| Leasing and similar rights | 25 | €37,173 | €26,293 | -€10,881 | -29.3% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €117,866 | €168,195 | +€50,329 | +42.7% |
| Amounts receivable within one year | 40/41 | €35,943 | €33,065 | -€2,878 | -8.0% |
| Trade receivables | 40 | €34,907 | €33,065 | -€1,842 | -5.3% |
| Other amounts receivable | 41 | €1,036 | €0 | -€1,036 | -100% |
| Current investments | 50/53 | €30,087 | €34,087 | +€4,000 | +13.3% |
| Cash at bank and in hand | 54/58 | €50,351 | €100,204 | +€49,854 | +99.0% |
| Deferred charges and accrued income | 490/1 | €1,485 | €839 | -€646 | -43.5% |
| Total equity and liabilities | 10/49 | €158,996 | €196,551 | +€37,555 | +23.6% |
| Equity | 10/15 | €107,953 | €149,331 | +€41,378 | +38.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €105,453 | €146,831 | +€41,378 | +39.2% |
| Distributable reserves | 133 | €105,453 | €146,831 | +€41,378 | +39.2% |
| Amounts payable | 17/49 | €51,043 | €47,220 | -€3,823 | -7.5% |
| Amounts payable after more than one year | 17 | €19,523 | €11,668 | -€7,855 | -40.2% |
| Financial debts | 170/4 | €19,523 | €11,668 | -€7,855 | -40.2% |
| Amounts payable within one year | 42/48 | €31,520 | €35,552 | +€4,032 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €7,553 | €7,855 | +€302 | +4.0% |
| Trade debts | 44 | €1,111 | €857 | -€254 | -22.8% |
| Suppliers | 440/4 | €1,111 | €857 | -€254 | -22.8% |
| Taxes, remuneration and social security | 45 | €22,856 | €26,292 | +€3,435 | +15.0% |
| Taxes | 450/3 | €22,856 | €26,292 | +€3,435 | +15.0% |
| Other amounts payable | 47/48 | - | €549 | +€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,654 | €12,774 | +€120 | +0.9% |
| Other operating charges | 640/8 | €897 | €1,503 | +€606 | +67.6% |
| Gross operating margin | 9900 | €69,466 | €66,754 | -€2,713 | -3.9% |
| Operating profit (loss) | 9901 | €55,916 | €52,477 | -€3,439 | -6.2% |
| Financial income | 75/76B | €569 | €5,351 | +€4,782 | +840% |
| Recurring financial income | 75 | €569 | €5,351 | +€4,782 | +840% |
| Financial charges | 65/66B | €1,341 | €1,101 | -€240 | -17.9% |
| Recurring financial charges | 65 | €1,341 | €1,101 | -€240 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €55,144 | €56,728 | +€1,584 | +2.9% |
| Income taxes | 67/77 | €15,768 | €15,349 | -€419 | -2.7% |
| Profit (loss) for the period | 9904 | €39,376 | €41,378 | +€2,002 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,376 | €41,378 | +€2,002 | +5.1% |
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 29 October 2026 via checked.be.