W.P.F.: what changed
W.P.F.
Largest movements
- Receivables within one year +€569,956
up €569,956 (+2,214%), from €25,742 to €595,697
- Tangible fixed assets -€195,145
down €195,145 (-33.6%), from €581,264 to €386,119
- Cash -€175,361
down €175,361 (-98.4%), from €178,137 to €2,776
mainly Receivables within one year (-€569,956) and Trade debts (-€23,174)
- Other debts +€243,828
up €243,828 (+141%), from €173,100 to €416,928
- Trade debts -€23,174
down €23,174 (-99.3%), from €23,342 to €167
- Debts after one year -€12,500
down €12,500 (-2.2%), from €571,815 to €559,315
- Gross operating margin +€1,561
up €1,561 (+19.0%), from -€8,200 to -€6,639
- Financial charges +€1,440
up €1,440 (+1,379%), from €104 to €1,545
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €785,143 | €984,593 | +€199,450 | +25.4% |
| Fixed assets | 21/28 | €581,264 | €386,119 | -€195,145 | -33.6% |
| Tangible fixed assets | 22/27 | €581,264 | €386,119 | -€195,145 | -33.6% |
| Assets under construction and advance payments | 27 | €581,264 | €386,119 | -€195,145 | -33.6% |
| Current assets | 29/58 | €203,879 | €598,474 | +€394,595 | +194% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,742 | €595,697 | +€569,956 | +2,214% |
| Other amounts receivable | 41 | €25,742 | €595,697 | +€569,956 | +2,214% |
| Cash at bank and in hand | 54/58 | €178,137 | €2,776 | -€175,361 | -98.4% |
| Total equity and liabilities | 10/49 | €785,143 | €984,593 | +€199,450 | +25.4% |
| Equity | 10/15 | €16,886 | €8,183 | -€8,703 | -51.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,114 | -€41,817 | -€8,703 | -26.3% |
| Amounts payable | 17/49 | €768,256 | €976,410 | +€208,154 | +27.1% |
| Amounts payable after more than one year | 17 | €571,815 | €559,315 | -€12,500 | -2.2% |
| Financial debts | 170/4 | €571,815 | €559,315 | -€12,500 | -2.2% |
| Amounts payable within one year | 42/48 | €196,442 | €417,095 | +€220,654 | +112% |
| Trade debts | 44 | €23,342 | €167 | -€23,174 | -99.3% |
| Suppliers | 440/4 | €23,342 | €167 | -€23,174 | -99.3% |
| Other amounts payable | 47/48 | €173,100 | €416,928 | +€243,828 | +141% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | -€8,200 | -€6,639 | +€1,561 | +19.0% |
| Operating profit (loss) | 9901 | -€8,318 | -€7,159 | +€1,159 | +13.9% |
| Financial charges | 65/66B | €104 | €1,545 | +€1,440 | +1,379% |
| Recurring financial charges | 65 | €104 | €1,545 | +€1,440 | +1,379% |
| Profit (loss) for the period before taxes | 9903 | -€8,423 | -€8,703 | -€281 | -3.3% |
| Profit (loss) for the period | 9904 | -€8,423 | -€8,703 | -€281 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,423 | -€8,703 | -€281 | -3.3% |
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 2 November 2026 via checked.be.