W.P.M. Construct: 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.
W.P.M. Construct
Largest movements
- Tangible fixed assets +€56,888
up €56,888 (+136%), from €41,850 to €98,738
of which Furniture and vehicles: +€59,342
- Cash -€36,879
down €36,879 (-85.0%), from €43,372 to €6,493
mainly Investment in fixed assets (net) (-€67,659) and Other debts (-€35,253)
- Receivables within one year +€16,246
up €16,246 (+23.0%), from €70,660 to €86,906
of which Trade receivables: +€26,428
- Debts after one year +€35,867
up €35,867 (+164%), from €21,834 to €57,701
- Other debts -€35,253
down €35,253 (-49.4%), from €71,428 to €36,175
- Current portion of long-term debt +€14,361
up €14,361 (+265%), from €5,411 to €19,772
- Reserves +€12,550
up €12,550 (+5.9%), from €213,100 to €225,650
of which Distributable reserves: +€12,550
- Profit (loss) carried forward +€4,627
new in 2025: €4,627
- Gross operating margin +€36,083
up €36,083 (+59.3%), from €60,824 to €96,907
- Write-downs +€15,896
new in 2025: €15,896
- Depreciation +€6,358
up €6,358 (+144%), from €4,413 to €10,771
- Taxes +€5,198
up €5,198 (+30.4%), from €17,125 to €22,323
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,382 | €394,637 | +€36,255 | +10.1% |
| Fixed assets | 21/28 | €41,850 | €98,738 | +€56,888 | +136% |
| Tangible fixed assets | 22/27 | €41,850 | €98,738 | +€56,888 | +136% |
| Plant, machinery and equipment | 23 | €10,597 | €8,143 | -€2,454 | -23.2% |
| Furniture and vehicles | 24 | €31,253 | €90,595 | +€59,342 | +190% |
| Current assets | 29/58 | €316,532 | €295,899 | -€20,633 | -6.5% |
| Amounts receivable after more than one year | 29 | €202,500 | €202,500 | = | 0.0% |
| Other amounts receivable | 291 | €202,500 | €202,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,660 | €86,906 | +€16,246 | +23.0% |
| Trade receivables | 40 | €49,555 | €75,983 | +€26,428 | +53.3% |
| Other amounts receivable | 41 | €21,105 | €10,923 | -€10,182 | -48.2% |
| Cash at bank and in hand | 54/58 | €43,372 | €6,493 | -€36,879 | -85.0% |
| Total equity and liabilities | 10/49 | €358,382 | €394,637 | +€36,255 | +10.1% |
| Equity | 10/15 | €219,300 | €236,477 | +€17,177 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,100 | €225,650 | +€12,550 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,240 | €223,790 | +€12,550 | +5.9% |
| Profit (loss) carried forward | 14 | - | €4,627 | +€4,627 | |
| Amounts payable | 17/49 | €139,082 | €158,160 | +€19,078 | +13.7% |
| Amounts payable after more than one year | 17 | €21,834 | €57,701 | +€35,867 | +164% |
| Financial debts | 170/4 | €21,834 | €57,701 | +€35,867 | +164% |
| Amounts payable within one year | 42/48 | €117,248 | €100,459 | -€16,789 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €5,411 | €19,772 | +€14,361 | +265% |
| Trade debts | 44 | €1,432 | €6,010 | +€4,578 | +320% |
| Suppliers | 440/4 | €1,432 | €6,010 | +€4,578 | +320% |
| Taxes, remuneration and social security | 45 | €38,977 | €38,502 | -€475 | -1.2% |
| Taxes | 450/3 | €38,977 | €38,502 | -€475 | -1.2% |
| Other amounts payable | 47/48 | €71,428 | €36,175 | -€35,253 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,413 | €10,771 | +€6,358 | +144% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,896 | +€15,896 | |
| Other operating charges | 640/8 | €702 | €1,070 | +€368 | +52.4% |
| Gross operating margin | 9900 | €60,824 | €96,907 | +€36,083 | +59.3% |
| Operating profit (loss) | 9901 | €55,709 | €69,170 | +€13,461 | +24.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,357 | €2,222 | +€865 | +63.7% |
| Recurring financial charges | 65 | €1,357 | €2,222 | +€865 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €54,352 | €66,949 | +€12,597 | +23.2% |
| Income taxes | 67/77 | €17,125 | €22,323 | +€5,198 | +30.4% |
| Profit (loss) for the period | 9904 | €37,227 | €44,626 | +€7,399 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,227 | €44,626 | +€7,399 | +19.9% |
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 18 October 2026 via checked.be.