W.M DEVELOPMENT: 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.
W.M DEVELOPMENT
Largest movements
- Receivables within one year -€3,324
down €3,324 (-27.0%), from €12,324 to €9,000
of which Other amounts receivable: -€3,124
- Tangible fixed assets -€3,017
down €3,017 (-29.8%), from €10,118 to €7,101
of which Furniture and vehicles: -€1,517
- Cash +€1,954
up €1,954 (+10.1%), from €19,425 to €21,379
mainly Receivables within one year (+€3,324) and Depreciation (+€3,017)
- Other debts -€7,212
down €7,212 (-48.8%), from €14,783 to €7,571
- Profit (loss) carried forward +€2,823
up €2,823 (+43.1%), from €6,543 to €9,365
- Gross operating margin -€6,762
down €6,762 (-41.2%), from €16,428 to €9,666
- Depreciation -€1,458
down €1,458 (-32.6%), from €4,475 to €3,017
- Taxes -€1,091
down €1,091 (-30.3%), from €3,600 to €2,509
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 | €46,297 | €41,824 | -€4,473 | -9.7% |
| Fixed assets | 21/28 | €13,118 | €10,101 | -€3,017 | -23.0% |
| Tangible fixed assets | 22/27 | €10,118 | €7,101 | -€3,017 | -29.8% |
| Furniture and vehicles | 24 | €2,967 | €1,450 | -€1,517 | -51.1% |
| Other tangible fixed assets | 26 | €7,151 | €5,651 | -€1,500 | -21.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €33,179 | €31,723 | -€1,456 | -4.4% |
| Amounts receivable within one year | 40/41 | €12,324 | €9,000 | -€3,324 | -27.0% |
| Trade receivables | 40 | €8,200 | €8,000 | -€200 | -2.4% |
| Other amounts receivable | 41 | €4,124 | €1,000 | -€3,124 | -75.7% |
| Cash at bank and in hand | 54/58 | €19,425 | €21,379 | +€1,954 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,345 | -€86 | -6.0% |
| Total equity and liabilities | 10/49 | €46,297 | €41,824 | -€4,473 | -9.7% |
| Equity | 10/15 | €27,003 | €29,825 | +€2,823 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €6,543 | €9,365 | +€2,823 | +43.1% |
| Amounts payable | 17/49 | €19,294 | €11,999 | -€7,296 | -37.8% |
| Amounts payable within one year | 42/48 | €19,294 | €11,999 | -€7,296 | -37.8% |
| Trade debts | 44 | €221 | €53 | -€168 | -75.8% |
| Suppliers | 440/4 | €221 | €53 | -€168 | -75.8% |
| Taxes, remuneration and social security | 45 | €4,290 | €4,374 | +€84 | +1.9% |
| Taxes | 450/3 | €4,290 | €4,374 | +€84 | +1.9% |
| Other amounts payable | 47/48 | €14,783 | €7,571 | -€7,212 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,475 | €3,017 | -€1,458 | -32.6% |
| Other operating charges | 640/8 | €667 | €680 | +€13 | +1.9% |
| Gross operating margin | 9900 | €16,428 | €9,666 | -€6,762 | -41.2% |
| Operating profit (loss) | 9901 | €11,286 | €5,969 | -€5,317 | -47.1% |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €545 | €638 | +€93 | +17.1% |
| Recurring financial charges | 65 | €545 | €638 | +€93 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €10,818 | €5,331 | -€5,487 | -50.7% |
| Income taxes | 67/77 | €3,600 | €2,509 | -€1,091 | -30.3% |
| Profit (loss) for the period | 9904 | €7,218 | €2,823 | -€4,396 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,218 | €2,823 | -€4,396 | -60.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.