W.P. MED: 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. MED
Largest movements
- Receivables within one year +€188,023
up €188,023 (+119%), from €158,479 to €346,502
of which Trade receivables: +€196,413
- Stocks and contracts +€86,595
up €86,595 (+244%), from €35,560 to €122,155
- Tangible fixed assets +€16,425
up €16,425 (+778%), from €2,112 to €18,537
of which Furniture and vehicles: +€15,545
- Cash -€16,367
down €16,367 (-71.9%), from €22,767 to €6,400
- Trade debts +€213,980
up €213,980 (+511%), from €41,878 to €255,858
- Profit (loss) carried forward +€83,604
up €83,604 (+102%), from €81,913 to €165,517
- Tax, wage and social debts -€27,305
down €27,305 (-80.4%), from €33,952 to €6,647
of which Taxes: -€27,305
- Other debts +€24,500
up €24,500 (+445%), from €5,500 to €30,000
- Debts after one year -€15,141
down €15,141 (-65.0%), from €23,283 to €8,142
- Gross operating margin +€41,581
up €41,581 (+44.5%), from €93,395 to €134,975
- Taxes +€8,475
up €8,475 (+46.6%), from €18,172 to €26,647
- Other operating charges +€6,424
up €6,424 (+1,426%), from €450 to €6,875
- Financial charges +€2,493
up €2,493 (+112%), from €2,235 to €4,729
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,210 | €495,446 | +€275,236 | +125% |
| Fixed assets | 21/28 | €2,112 | €18,537 | +€16,425 | +778% |
| Tangible fixed assets | 22/27 | €2,112 | €18,537 | +€16,425 | +778% |
| Plant, machinery and equipment | 23 | €503 | €1,383 | +€880 | +175% |
| Furniture and vehicles | 24 | €1,610 | €17,155 | +€15,545 | +966% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €218,098 | €476,909 | +€258,811 | +119% |
| Stocks and contracts in progress | 3 | €35,560 | €122,155 | +€86,595 | +244% |
| Stocks | 30/36 | €35,560 | €122,155 | +€86,595 | +244% |
| Amounts receivable within one year | 40/41 | €158,479 | €346,502 | +€188,023 | +119% |
| Trade receivables | 40 | €130,522 | €326,935 | +€196,413 | +150% |
| Other amounts receivable | 41 | €27,957 | €19,567 | -€8,390 | -30.0% |
| Cash at bank and in hand | 54/58 | €22,767 | €6,400 | -€16,367 | -71.9% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,852 | +€560 | +43.4% |
| Total equity and liabilities | 10/49 | €220,210 | €495,446 | +€275,236 | +125% |
| Equity | 10/15 | €101,773 | €185,377 | +€83,604 | +82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,260 | €1,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,260 | €1,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,260 | €1,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,913 | €165,517 | +€83,604 | +102% |
| Amounts payable | 17/49 | €118,437 | €310,069 | +€191,633 | +162% |
| Amounts payable after more than one year | 17 | €23,283 | €8,142 | -€15,141 | -65.0% |
| Financial debts | 170/4 | €23,283 | €8,142 | -€15,141 | -65.0% |
| Amounts payable within one year | 42/48 | €95,154 | €301,913 | +€206,759 | +217% |
| Current portion of amounts payable after more than one year | 42 | €13,823 | €9,408 | -€4,415 | -31.9% |
| Trade debts | 44 | €41,878 | €255,858 | +€213,980 | +511% |
| Suppliers | 440/4 | €41,878 | €255,858 | +€213,980 | +511% |
| Taxes, remuneration and social security | 45 | €33,952 | €6,647 | -€27,305 | -80.4% |
| Taxes | 450/3 | €33,952 | €6,647 | -€27,305 | -80.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,500 | €30,000 | +€24,500 | +445% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,268 | €4,212 | -€1,056 | -20.0% |
| Other operating charges | 640/8 | €450 | €6,875 | +€6,424 | +1,426% |
| Gross operating margin | 9900 | €93,395 | €134,975 | +€41,581 | +44.5% |
| Operating profit (loss) | 9901 | €87,676 | €123,888 | +€36,212 | +41.3% |
| Financial income | 75/76B | €2,415 | €1,771 | -€644 | -26.7% |
| Recurring financial income | 75 | €2,415 | €1,771 | -€644 | -26.7% |
| Financial charges | 65/66B | €2,235 | €4,729 | +€2,493 | +112% |
| Recurring financial charges | 65 | €2,235 | €4,729 | +€2,493 | +112% |
| Profit (loss) for the period before taxes | 9903 | €87,856 | €120,931 | +€33,075 | +37.6% |
| Income taxes | 67/77 | €18,172 | €26,647 | +€8,475 | +46.6% |
| Profit (loss) for the period | 9904 | €69,684 | €94,284 | +€24,600 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,684 | €94,284 | +€24,600 | +35.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.