W&M ADVISORS: what changed
W&M ADVISORS
Largest movements
- Cash +€51,720
up €51,720 (+13.4%), from €386,126 to €437,845
mainly Net result for the year (+€56,085) and Tax, wage and social debts (+€8,250)
- Reserves +€56,085
up €56,085 (+17.8%), from €315,014 to €371,099
- Trade debts -€21,113
down €21,113 (-52.0%), from €40,634 to €19,521
- Tax, wage and social debts +€8,250
up €8,250 (+1,936%), from €426 to €8,676
- Other debts +€4,465
up €4,465 (+26.9%), from €16,590 to €21,055
- Taxes +€8,250
up €8,250 (+32.4%), from €25,426 to €33,677
- Financial charges +€2,395
up €2,395 (+1,049%), from €228 to €2,624
- Gross operating margin +€2,365
up €2,365 (+2.6%), from €91,265 to €93,630
- Financial income -€1,309
down €1,309 (-81.8%), from €1,600 to €291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,264 | €438,952 | +€47,687 | +12.2% |
| Fixed assets | 21/28 | €676 | €271 | -€406 | -60.0% |
| Tangible fixed assets | 22/27 | €676 | €271 | -€406 | -60.0% |
| Plant, machinery and equipment | 23 | €676 | €271 | -€406 | -60.0% |
| Current assets | 29/58 | €390,588 | €438,681 | +€48,093 | +12.3% |
| Amounts receivable within one year | 40/41 | €4,462 | €836 | -€3,627 | -81.3% |
| Trade receivables | 40 | €1,593 | - | -€1,593 | |
| Other amounts receivable | 41 | €2,870 | €836 | -€2,034 | -70.9% |
| Cash at bank and in hand | 54/58 | €386,126 | €437,845 | +€51,720 | +13.4% |
| Total equity and liabilities | 10/49 | €391,264 | €438,952 | +€47,687 | +12.2% |
| Equity | 10/15 | €333,614 | €389,699 | +€56,085 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,014 | €371,099 | +€56,085 | +17.8% |
| Distributable reserves | 133 | €315,014 | €371,099 | +€56,085 | +17.8% |
| Amounts payable | 17/49 | €57,650 | €49,253 | -€8,397 | -14.6% |
| Amounts payable within one year | 42/48 | €57,650 | €49,253 | -€8,397 | -14.6% |
| Trade debts | 44 | €40,634 | €19,521 | -€21,113 | -52.0% |
| Suppliers | 440/4 | €40,634 | €19,521 | -€21,113 | -52.0% |
| Taxes, remuneration and social security | 45 | €426 | €8,676 | +€8,250 | +1,936% |
| Taxes | 450/3 | €426 | €8,676 | +€8,250 | +1,936% |
| Other amounts payable | 47/48 | €16,590 | €21,055 | +€4,465 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €406 | = | 0.0% |
| Other operating charges | 640/8 | €548 | €1,131 | +€582 | +106% |
| Gross operating margin | 9900 | €91,265 | €93,630 | +€2,365 | +2.6% |
| Operating profit (loss) | 9901 | €90,311 | €92,094 | +€1,783 | +2.0% |
| Financial income | 75/76B | €1,600 | €291 | -€1,309 | -81.8% |
| Recurring financial income | 75 | €1,600 | €291 | -€1,309 | -81.8% |
| Financial charges | 65/66B | €228 | €2,624 | +€2,395 | +1,049% |
| Recurring financial charges | 65 | €228 | €2,624 | +€2,395 | +1,049% |
| Profit (loss) for the period before taxes | 9903 | €91,683 | €89,761 | -€1,922 | -2.1% |
| Income taxes | 67/77 | €25,426 | €33,677 | +€8,250 | +32.4% |
| Profit (loss) for the period | 9904 | €66,257 | €56,085 | -€10,172 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,257 | €56,085 | -€10,172 | -15.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.