WAM: what changed
Two fiscal 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.
WAM
Largest movements
- Tangible fixed assets -€5,446
down €5,446 (-13.1%), from €41,593 to €36,147
of which Other tangible fixed assets: -€5,120
- Cash +€1,714
up €1,714 (+22.4%), from €7,656 to €9,370
mainly Depreciation (+€5,446) and Other debts (+€4,093)
- Receivables within one year +€1,000
new in 2024: €1,000
- Other debts +€4,093
up €4,093 (+24.5%), from €16,715 to €20,807
- Debts after one year -€3,953
down €3,953 (-11.9%), from €33,282 to €29,329
- Profit (loss) carried forward -€2,514
down €2,514 (-28.7%), from -€8,773 to -€11,287
- Trade debts -€671
no longer reported in 2024 (was €671)
- Gross operating margin +€2,382
up €2,382 (+78.1%), from €3,049 to €5,431
- Other operating charges +€1,016
up €1,016 (+839.6%), from €121 to €1,137
- Financial charges -€399
down €399 (-32.3%), from €1,235 to €836
- Taxes +€364
up €364 (+224.2%), from €162 to €526
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,535 | €46,928 | -€2,607 | -5.3% |
| Fixed assets | 21/28 | €41,593 | €36,147 | -€5,446 | -13.1% |
| Tangible fixed assets | 22/27 | €41,593 | €36,147 | -€5,446 | -13.1% |
| Furniture and vehicles | 24 | €1,142 | €816 | -€326 | -28.6% |
| Other tangible fixed assets | 26 | €40,450 | €35,331 | -€5,120 | -12.7% |
| Current assets | 29/58 | €7,942 | €10,782 | +€2,840 | +35.8% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €7,656 | €9,370 | +€1,714 | +22.4% |
| Deferred charges and accrued income | 490/1 | €286 | €412 | +€126 | +44.0% |
| Total equity and liabilities | 10/49 | €49,535 | €46,928 | -€2,607 | -5.3% |
| Equity | 10/15 | -€8,773 | -€11,287 | -€2,514 | -28.7% |
| Profit (loss) carried forward | 14 | -€8,773 | -€11,287 | -€2,514 | -28.7% |
| Amounts payable | 17/49 | €58,308 | €58,215 | -€92 | -0.2% |
| Amounts payable after more than one year | 17 | €33,282 | €29,329 | -€3,953 | -11.9% |
| Financial debts | 170/4 | €33,282 | €29,329 | -€3,953 | -11.9% |
| Amounts payable within one year | 42/48 | €25,026 | €28,886 | +€3,860 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €3,878 | €3,953 | +€75 | +1.9% |
| Trade debts | 44 | €671 | - | -€671 | |
| Suppliers | 440/4 | €671 | - | -€671 | |
| Taxes, remuneration and social security | 45 | €3,762 | €4,126 | +€364 | +9.7% |
| Taxes | 450/3 | €3,762 | €4,126 | +€364 | +9.7% |
| Other amounts payable | 47/48 | €16,715 | €20,807 | +€4,093 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,446 | €5,446 | = | 0.0% |
| Other operating charges | 640/8 | €121 | €1,137 | +€1,016 | +839.6% |
| Gross operating margin | 9900 | €3,049 | €5,431 | +€2,382 | +78.1% |
| Operating profit (loss) | 9901 | -€2,518 | -€1,152 | +€1,366 | +54.2% |
| Financial charges | 65/66B | €1,235 | €836 | -€399 | -32.3% |
| Recurring financial charges | 65 | €1,235 | €836 | -€399 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,752 | -€1,988 | +€1,764 | +47.0% |
| Income taxes | 67/77 | €162 | €526 | +€364 | +224.2% |
| Profit (loss) for the period | 9904 | -€3,914 | -€2,514 | +€1,400 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,914 | -€2,514 | +€1,400 | +35.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.