WAML: 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.
WAML
Largest movements
- Cash -€34,424
down €34,424 (-59.9%), from €57,511 to €23,086
mainly Investment in fixed assets (net) (-€30,367) and Receivables within one year (-€13,003)
- Tangible fixed assets +€26,224
up €26,224 (+143.3%), from €18,304 to €44,528
of which Plant, machinery and equipment: +€19,995
- Receivables within one year +€13,003
up €13,003 (+121.5%), from €10,706 to €23,709
of which Other amounts receivable: +€15,377
- Stocks and contracts -€8,160
down €8,160 (-56.8%), from €14,367 to €6,207
- Tax, wage and social debts -€6,634
down €6,634 (-28.5%), from €23,299 to €16,665
of which Remuneration and social security: -€7,846
- Profit (loss) carried forward +€4,112
up €4,112 (+6.8%), from €60,330 to €64,441
- Turnover +€244,567
up €244,567 (+81.7%), from €299,348 to €543,915
- Purchases and services +€208,501
up €208,501 (+82.7%), from €252,015 to €460,515
- Staff costs +€29,715
up €29,715 (+94.6%), from €31,399 to €61,115
- Gross operating margin +€27,203
up €27,203 (+48.4%), from €56,197 to €83,400
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 | €101,145 | €98,323 | -€2,822 | -2.8% |
| Fixed assets | 21/28 | €18,562 | €44,786 | +€26,224 | +141.3% |
| Tangible fixed assets | 22/27 | €18,304 | €44,528 | +€26,224 | +143.3% |
| Plant, machinery and equipment | 23 | - | €19,995 | +€19,995 | |
| Furniture and vehicles | 24 | €8,523 | €11,436 | +€2,913 | +34.2% |
| Other tangible fixed assets | 26 | €9,781 | €13,097 | +€3,316 | +33.9% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €82,584 | €53,537 | -€29,046 | -35.2% |
| Stocks and contracts in progress | 3 | €14,367 | €6,207 | -€8,160 | -56.8% |
| Stocks | 30/36 | €14,367 | €6,207 | -€8,160 | -56.8% |
| Amounts receivable within one year | 40/41 | €10,706 | €23,709 | +€13,003 | +121.5% |
| Trade receivables | 40 | €10,669 | €8,295 | -€2,374 | -22.3% |
| Other amounts receivable | 41 | €37 | €15,414 | +€15,377 | +41559.3% |
| Cash at bank and in hand | 54/58 | €57,511 | €23,086 | -€34,424 | -59.9% |
| Deferred charges and accrued income | 490/1 | - | €535 | +€535 | |
| Total equity and liabilities | 10/49 | €101,145 | €98,323 | -€2,822 | -2.8% |
| Equity | 10/15 | €77,547 | €81,658 | +€4,112 | +5.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,017 | €1,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,017 | €1,017 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,017 | €1,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,330 | €64,441 | +€4,112 | +6.8% |
| Amounts payable | 17/49 | €23,599 | €16,665 | -€6,934 | -29.4% |
| Amounts payable within one year | 42/48 | €23,599 | €16,665 | -€6,934 | -29.4% |
| Taxes, remuneration and social security | 45 | €23,299 | €16,665 | -€6,634 | -28.5% |
| Taxes | 450/3 | €2,425 | €3,636 | +€1,212 | +50.0% |
| Remuneration and social security | 454/9 | €20,874 | €13,028 | -€7,846 | -37.6% |
| Other amounts payable | 47/48 | €300 | - | -€300 | |
| Turnover | 70 | €299,348 | €543,915 | +€244,567 | +81.7% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €252,015 | €460,515 | +€208,501 | +82.7% |
| Remuneration, social security and pensions | 62 | €31,399 | €61,115 | +€29,715 | +94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €4,143 | +€3,658 | +754.5% |
| Other operating charges | 640/8 | €1,312 | €6,548 | +€5,236 | +399.1% |
| Gross operating margin | 9900 | €56,197 | €83,400 | +€27,203 | +48.4% |
| Operating profit (loss) | 9901 | €23,001 | €11,594 | -€11,407 | -49.6% |
| Financial charges | 65/66B | €1,493 | €2,793 | +€1,301 | +87.1% |
| Recurring financial charges | 65 | €1,493 | €2,793 | +€1,301 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €21,508 | €8,800 | -€12,708 | -59.1% |
| Income taxes | 67/77 | €7,190 | €4,689 | -€2,501 | -34.8% |
| Profit (loss) for the period | 9904 | €14,318 | €4,112 | -€10,206 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,318 | €4,112 | -€10,206 | -71.3% |
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 10 October 2026 via checked.be.