WA-RM INVEST: what changed
What changed
WA-RM INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€324
2024 · €2,231-€2,555
Equity
€166,685
2024 · €167,008-€324
Cash
€44
2024 · €1,230-€1,185
Balance sheet total
€469,236
2024 · €505,874-€36,638
Largest movements
Assets
- Receivables within one year -€19,428
down €19,428 (-40.2%), from €48,311 to €28,883
of which Trade receivables: -€16,076
- Tangible fixed assets -€16,025
down €16,025 (-3.5%), from €456,334 to €440,309
of which Land and buildings: -€15,622
Equity and liabilities
- Profit (loss) carried forward -€35,940
down €35,940 (-100%), from €35,940 to €0
- Reserves +€35,617
up €35,617 (+28.5%), from €124,863 to €160,479
- Debts after one year -€27,482
down €27,482 (-10.9%), from €251,731 to €224,248
- Trade debts -€21,997
down €21,997 (-94.9%), from €23,175 to €1,178
- Other debts +€11,165
up €11,165 (+35.5%), from €31,447 to €42,611
Income statement
- Depreciation +€5,625
up €5,625 (+54.1%), from €10,400 to €16,025
- Gross operating margin +€4,197
up €4,197 (+16.0%), from €26,226 to €30,422
- Other operating charges +€646
up €646 (+14.6%), from €4,428 to €5,074
- Financial charges +€472
up €472 (+4.5%), from €10,441 to €10,914
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.
Result 2024
€2,231
Gross operating margin
+€4,197
Depreciation
-€5,625
Other operating charges
-€646
Financial income
-€14
Financial charges
-€472
Taxes
+€5
Result 2025
-€324
raises the resultlowers the result
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.
From operations
+€24,478
Investment
€0
Financing
-€25,663
Cash 2024
€1,230
From operations (derived)
+€24,478
Net result for the year
-€324
Depreciation
+€16,025
Receivables within one year
+€19,428
Trade debts
-€21,997
Tax, wage and social debts
-€219
Other debts
+€11,165
Accrued charges and deferred income
+€400
Financing
-€25,663
Debts after one year
-€27,482
Current portion of long-term debt
+€1,819
Cash 2025
€44
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,874 | €469,236 | -€36,638 | -7.2% |
| Fixed assets | 21/28 | €456,334 | €440,309 | -€16,025 | -3.5% |
| Tangible fixed assets | 22/27 | €456,334 | €440,309 | -€16,025 | -3.5% |
| Land and buildings | 22 | €455,767 | €440,145 | -€15,622 | -3.4% |
| Plant, machinery and equipment | 23 | €567 | €164 | -€403 | -71.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,540 | €28,928 | -€20,613 | -41.6% |
| Amounts receivable within one year | 40/41 | €48,311 | €28,883 | -€19,428 | -40.2% |
| Trade receivables | 40 | €22,076 | €6,000 | -€16,076 | -72.8% |
| Other amounts receivable | 41 | €26,235 | €22,883 | -€3,352 | -12.8% |
| Cash at bank and in hand | 54/58 | €1,230 | €44 | -€1,185 | -96.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €505,874 | €469,236 | -€36,638 | -7.2% |
| Equity | 10/15 | €167,008 | €166,685 | -€324 | -0.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €124,863 | €160,479 | +€35,617 | +28.5% |
| Distributable reserves | 133 | €124,863 | €160,479 | +€35,617 | +28.5% |
| Profit (loss) carried forward | 14 | €35,940 | €0 | -€35,940 | -100% |
| Amounts payable | 17/49 | €338,866 | €302,552 | -€36,314 | -10.7% |
| Amounts payable after more than one year | 17 | €251,731 | €224,248 | -€27,482 | -10.9% |
| Financial debts | 170/4 | €251,731 | €224,248 | -€27,482 | -10.9% |
| Amounts payable within one year | 42/48 | €87,135 | €77,903 | -€9,232 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €26,120 | €27,939 | +€1,819 | +7.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,175 | €1,178 | -€21,997 | -94.9% |
| Suppliers | 440/4 | €23,175 | €1,178 | -€21,997 | -94.9% |
| Taxes, remuneration and social security | 45 | €6,394 | €6,175 | -€219 | -3.4% |
| Taxes | 450/3 | €6,394 | €6,175 | -€219 | -3.4% |
| Other amounts payable | 47/48 | €31,447 | €42,611 | +€11,165 | +35.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,400 | €16,025 | +€5,625 | +54.1% |
| Other operating charges | 640/8 | €4,428 | €5,074 | +€646 | +14.6% |
| Gross operating margin | 9900 | €26,226 | €30,422 | +€4,197 | +16.0% |
| Operating profit (loss) | 9901 | €11,398 | €9,324 | -€2,074 | -18.2% |
| Financial income | 75/76B | €1,277 | €1,263 | -€14 | -1.1% |
| Recurring financial income | 75 | €1,277 | €1,263 | -€14 | -1.1% |
| Financial charges | 65/66B | €10,441 | €10,914 | +€472 | +4.5% |
| Recurring financial charges | 65 | €10,441 | €10,914 | +€472 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,234 | -€326 | -€2,560 | |
| Income taxes | 67/77 | €3 | -€3 | -€5 | |
| Profit (loss) for the period | 9904 | €2,231 | -€324 | -€2,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,231 | -€324 | -€2,555 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.