W&M MANAGEMENT: 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
W&M MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,577
2024 · €190+€29,388
Equity
€330,512
2024 · €300,935+€29,577
Cash
€64,014
2024 · €72,557-€8,543
Balance sheet total
€898,030
2024 · €933,902-€35,871
Largest movements
Assets
- Tangible fixed assets -€18,569
down €18,569 (-4.0%), from €469,550 to €450,981
of which Land and buildings: -€18,376
Equity and liabilities
- Trade debts -€46,047
down €46,047 (-87.4%), from €52,692 to €6,645
- Reserves +€29,500
up €29,500 (+11.3%), from €260,745 to €290,245
of which Distributable reserves: +€29,500
- Debts after one year -€28,400
down €28,400 (-5.5%), from €515,866 to €487,466
- Short-term financial debts +€15,000
up €15,000, from €0 to €15,000
Income statement
- Gross operating margin +€48,305
up €48,305 (+134%), from €35,943 to €84,248
- Taxes +€14,268
up €14,268 (+1,459%), from €978 to €15,246
- Financial charges +€3,585
up €3,585 (+23.3%), from €15,417 to €19,002
- Financial income +€1,347
up €1,347 (+49.8%), from €2,706 to €4,053
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
€190
Gross operating margin
+€48,305
Depreciation
-€29
Other operating charges
+€53
Other operating items
-€2,435
Financial income
+€1,347
Financial charges
-€3,585
Taxes
-€14,268
Result 2025
€29,577
raises the resultlowers the resultnot broken down further in the accounts
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
+€2,656
Investment
+€2,201
Financing
-€13,400
Cash 2024
€72,557
From operations (derived)
+€2,656
Net result for the year
+€29,577
Depreciation
+€19,368
Receivables within one year
+€8,678
Deferred charges and accrued income
-€2,918
Trade debts
-€46,047
Tax, wage and social debts
-€6,863
Other debts
-€326
Accrued charges and deferred income
+€1,187
Investment (derived)
+€2,201
Investment in fixed assets (net)
+€2,201
Financing
-€13,400
Debts after one year
-€28,400
Short-term financial debts
+€15,000
Cash 2025
€64,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €933,902 | €898,030 | -€35,871 | -3.8% |
| Fixed assets | 21/28 | €477,550 | €455,981 | -€21,569 | -4.5% |
| Tangible fixed assets | 22/27 | €469,550 | €450,981 | -€18,569 | -4.0% |
| Land and buildings | 22 | €466,661 | €448,285 | -€18,376 | -3.9% |
| Furniture and vehicles | 24 | €555 | €946 | +€391 | +70.4% |
| Other tangible fixed assets | 26 | €2,334 | €1,750 | -€583 | -25.0% |
| Financial fixed assets | 28 | €8,000 | €5,000 | -€3,000 | -37.5% |
| Current assets | 29/58 | €456,352 | €442,049 | -€14,303 | -3.1% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,716 | €69,039 | -€8,678 | -11.2% |
| Trade receivables | 40 | €28,928 | €20,959 | -€7,969 | -27.5% |
| Other amounts receivable | 41 | €48,788 | €48,079 | -€709 | -1.5% |
| Cash at bank and in hand | 54/58 | €72,557 | €64,014 | -€8,543 | -11.8% |
| Deferred charges and accrued income | 490/1 | €6,079 | €8,997 | +€2,918 | +48.0% |
| Total equity and liabilities | 10/49 | €933,902 | €898,030 | -€35,871 | -3.8% |
| Equity | 10/15 | €300,935 | €330,512 | +€29,577 | +9.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €260,745 | €290,245 | +€29,500 | +11.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €256,745 | €286,245 | +€29,500 | +11.5% |
| Profit (loss) carried forward | 14 | €190 | €267 | +€77 | +40.8% |
| Amounts payable | 17/49 | €632,967 | €567,518 | -€65,449 | -10.3% |
| Amounts payable after more than one year | 17 | €515,866 | €487,466 | -€28,400 | -5.5% |
| Financial debts | 170/4 | €515,866 | €487,466 | -€28,400 | -5.5% |
| Amounts payable within one year | 42/48 | €117,100 | €78,865 | -€38,236 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €28,400 | €28,400 | = | 0.0% |
| Financial debts | 43 | €0 | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | €0 | €15,000 | +€15,000 | |
| Trade debts | 44 | €52,692 | €6,645 | -€46,047 | -87.4% |
| Suppliers | 440/4 | €52,692 | €6,645 | -€46,047 | -87.4% |
| Taxes, remuneration and social security | 45 | €12,041 | €5,178 | -€6,863 | -57.0% |
| Taxes | 450/3 | €12,041 | €5,178 | -€6,863 | -57.0% |
| Other amounts payable | 47/48 | €23,967 | €23,642 | -€326 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,187 | +€1,187 | |
| Non-recurring operating income | 76A | €29,020 | €0 | -€29,020 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,339 | €19,368 | +€29 | +0.1% |
| Other operating charges | 640/8 | €2,702 | €2,649 | -€53 | -2.0% |
| Non-recurring operating charges | 66A | €23 | €2,458 | +€2,435 | +10,583% |
| Gross operating margin | 9900 | €35,943 | €84,248 | +€48,305 | +134% |
| Operating profit (loss) | 9901 | €13,879 | €59,773 | +€45,894 | +331% |
| Financial income | 75/76B | €2,706 | €4,053 | +€1,347 | +49.8% |
| Recurring financial income | 75 | €2,706 | €4,053 | +€1,347 | +49.8% |
| Financial charges | 65/66B | €15,417 | €19,002 | +€3,585 | +23.3% |
| Recurring financial charges | 65 | €15,417 | €19,002 | +€3,585 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €1,167 | €44,824 | +€43,656 | +3,739% |
| Income taxes | 67/77 | €978 | €15,246 | +€14,268 | +1,459% |
| Profit (loss) for the period | 9904 | €190 | €29,577 | +€29,388 | +15,507% |
| Profit (loss) for the period to be appropriated | 9905 | €190 | €29,577 | +€29,388 | +15,507% |
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 27 October 2026 via checked.be.