WA-RM PROJECTS: 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.
WA-RM PROJECTS
Largest movements
- Stocks and contracts +€339,992
up €339,992 (+181.8%), from €187,006 to €526,997
- Cash -€60,472
down €60,472 (-99.2%), from €60,990 to €518
mainly Stocks and contracts (-€339,992) and Debts after one year (-€149,000)
- Short-term financial debts +€205,010
new in 2025: €205,010
- Debts after one year -€149,000
down €149,000 (-100.0%), from €149,000 to €0
- Current portion of long-term debt +€149,000
new in 2025: €149,000
- Other debts +€51,846
up €51,846 (+222.9%), from €23,255 to €75,101
- Trade debts +€49,599
up €49,599 (+626.4%), from €7,918 to €57,517
- Gross operating margin -€53,218
down €53,218, from €52,289 to -€928
- Financial charges -€11,926
down €11,926 (-58.2%), from €20,495 to €8,568
- Taxes -€6,102
down €6,102 (-100.0%), from €6,102 to €0
- Other operating charges +€2,110
up €2,110 (+164.1%), from €1,286 to €3,395
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 | €251,690 | €536,151 | +€284,462 | +113.0% |
| Current assets | 29/58 | €251,690 | €536,151 | +€284,462 | +113.0% |
| Stocks and contracts in progress | 3 | €187,006 | €526,997 | +€339,992 | +181.8% |
| Stocks | 30/36 | €187,006 | €526,997 | +€339,992 | +181.8% |
| Amounts receivable within one year | 40/41 | €3,511 | €8,511 | +€5,000 | +142.4% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €3,511 | €3,511 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,990 | €518 | -€60,472 | -99.2% |
| Deferred charges and accrued income | 490/1 | €183 | €125 | -€59 | -32.0% |
| Total equity and liabilities | 10/49 | €251,690 | €536,151 | +€284,462 | +113.0% |
| Equity | 10/15 | €62,415 | €49,523 | -€12,892 | -20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,415 | €14,523 | -€12,892 | -47.0% |
| Amounts payable | 17/49 | €189,275 | €486,628 | +€297,354 | +157.1% |
| Amounts payable after more than one year | 17 | €149,000 | €0 | -€149,000 | -100.0% |
| Financial debts | 170/4 | €149,000 | €0 | -€149,000 | -100.0% |
| Amounts payable within one year | 42/48 | €37,275 | €486,628 | +€449,354 | +1205.5% |
| Current portion of amounts payable after more than one year | 42 | - | €149,000 | +€149,000 | |
| Financial debts | 43 | - | €205,010 | +€205,010 | |
| Other loans | 439 | - | €205,010 | +€205,010 | |
| Trade debts | 44 | €7,918 | €57,517 | +€49,599 | +626.4% |
| Suppliers | 440/4 | €7,918 | €57,517 | +€49,599 | +626.4% |
| Taxes, remuneration and social security | 45 | €6,102 | €0 | -€6,102 | -100.0% |
| Taxes | 450/3 | €6,102 | €0 | -€6,102 | -100.0% |
| Other amounts payable | 47/48 | €23,255 | €75,101 | +€51,846 | +222.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Other operating charges | 640/8 | €1,286 | €3,395 | +€2,110 | +164.1% |
| Gross operating margin | 9900 | €52,289 | -€928 | -€53,218 | |
| Operating profit (loss) | 9901 | €51,003 | -€4,324 | -€55,327 | |
| Financial charges | 65/66B | €20,495 | €8,568 | -€11,926 | -58.2% |
| Recurring financial charges | 65 | €20,495 | €8,568 | -€11,926 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €30,509 | -€12,892 | -€43,401 | |
| Income taxes | 67/77 | €6,102 | €0 | -€6,102 | -100.0% |
| Profit (loss) for the period | 9904 | €24,407 | -€12,892 | -€37,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,407 | -€12,892 | -€37,299 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.