W-MOUNT: 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-MOUNT
Largest movements
- Tangible fixed assets -€25,772
down €25,772 (-4.0%), from €647,803 to €622,031
of which Land and buildings: -€25,189
- Cash -€14,674
down €14,674 (-57.8%), from €25,386 to €10,712
mainly Debts after one year (-€26,125) and Investment in fixed assets (net) (-€8,942)
- Debts after one year -€26,125
down €26,125 (-5.1%), from €513,862 to €487,737
- Tax, wage and social debts -€8,788
down €8,788 (-96.8%), from €9,078 to €290
of which Remuneration and social security: -€7,000
- Trade debts -€8,733
down €8,733 (-71.2%), from €12,269 to €3,536
- Depreciation -€88,363
down €88,363 (-71.8%), from €123,077 to €34,714
- Gross operating margin +€22,227
up €22,227 (+80.5%), from €27,621 to €49,848
- Other operating charges -€5,716
down €5,716 (-89.8%), from €6,365 to €649
- Financial charges +€5,428
up €5,428 (+40.8%), from €13,307 to €18,735
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 | €688,088 | €643,613 | -€44,475 | -6.5% |
| Fixed assets | 21/28 | €647,803 | €622,031 | -€25,772 | -4.0% |
| Tangible fixed assets | 22/27 | €647,803 | €622,031 | -€25,772 | -4.0% |
| Land and buildings | 22 | €612,849 | €587,661 | -€25,189 | -4.1% |
| Plant, machinery and equipment | 23 | - | €4,234 | +€4,234 | |
| Furniture and vehicles | 24 | - | €2,181 | +€2,181 | |
| Leasing and similar rights | 25 | €34,954 | €27,955 | -€6,998 | -20.0% |
| Current assets | 29/58 | €40,285 | €21,582 | -€18,703 | -46.4% |
| Amounts receivable within one year | 40/41 | €14,122 | €9,260 | -€4,862 | -34.4% |
| Trade receivables | 40 | €14,122 | €8,158 | -€5,964 | -42.2% |
| Other amounts receivable | 41 | - | €1,103 | +€1,103 | |
| Cash at bank and in hand | 54/58 | €25,386 | €10,712 | -€14,674 | -57.8% |
| Deferred charges and accrued income | 490/1 | €776 | €1,609 | +€833 | +107.3% |
| Total equity and liabilities | 10/49 | €688,088 | €643,613 | -€44,475 | -6.5% |
| Equity | 10/15 | -€115,209 | -€119,526 | -€4,317 | -3.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,210 | -€119,527 | -€4,317 | -3.7% |
| Amounts payable | 17/49 | €803,297 | €763,139 | -€40,158 | -5.0% |
| Amounts payable after more than one year | 17 | €513,862 | €487,737 | -€26,125 | -5.1% |
| Financial debts | 170/4 | €513,862 | €487,737 | -€26,125 | -5.1% |
| Amounts payable within one year | 42/48 | €289,435 | €275,402 | -€14,033 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €20,589 | €26,125 | +€5,536 | +26.9% |
| Trade debts | 44 | €12,269 | €3,536 | -€8,733 | -71.2% |
| Suppliers | 440/4 | €12,269 | €3,536 | -€8,733 | -71.2% |
| Taxes, remuneration and social security | 45 | €9,078 | €290 | -€8,788 | -96.8% |
| Taxes | 450/3 | €2,078 | €290 | -€1,788 | -86.0% |
| Remuneration and social security | 454/9 | €7,000 | €0 | -€7,000 | -100.0% |
| Other amounts payable | 47/48 | €247,499 | €245,452 | -€2,048 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,077 | €34,714 | -€88,363 | -71.8% |
| Other operating charges | 640/8 | €6,365 | €649 | -€5,716 | -89.8% |
| Gross operating margin | 9900 | €27,621 | €49,848 | +€22,227 | +80.5% |
| Operating profit (loss) | 9901 | -€101,821 | €14,485 | +€116,306 | |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €13,307 | €18,735 | +€5,428 | +40.8% |
| Recurring financial charges | 65 | €13,307 | €18,735 | +€5,428 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | -€115,115 | -€4,250 | +€110,866 | +96.3% |
| Income taxes | 67/77 | €95 | €67 | -€28 | -29.0% |
| Profit (loss) for the period | 9904 | -€115,210 | -€4,317 | +€110,893 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,210 | -€4,317 | +€110,893 | +96.3% |
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 8 October 2026 via checked.be.