WAMS: 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.
WAMS
Largest movements
- Cash +€19,554
up €19,554 (+21.3%), from €91,962 to €111,516
mainly Net result for the year (+€48,346) and Depreciation (+€34,958)
- Reserves +€48,346
up €48,346 (+13.4%), from €359,948 to €408,293
- Debts after one year -€26,746
down €26,746 (-18.4%), from €145,236 to €118,491
- Tax, wage and social debts -€17,744
down €17,744 (-37.9%), from €46,813 to €29,068
of which Taxes: -€17,744
- Current portion of long-term debt +€11,359
up €11,359 (+33.9%), from €33,474 to €44,834
- Gross operating margin -€60,752
down €60,752 (-35.4%), from €171,556 to €110,804
- Taxes -€16,612
down €16,612 (-44.9%), from €36,963 to €20,351
- Other operating charges -€7,536
down €7,536 (-90.4%), from €8,332 to €796
- Depreciation +€4,571
up €4,571 (+15.0%), from €30,387 to €34,958
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 | €650,867 | €672,495 | +€21,628 | +3.3% |
| Fixed assets | 21/28 | €516,772 | €517,708 | +€937 | +0.2% |
| Intangible fixed assets | 21 | €1,742 | €1,202 | -€540 | -31.0% |
| Tangible fixed assets | 22/27 | €364,779 | €366,256 | +€1,477 | +0.4% |
| Land and buildings | 22 | €274,505 | €264,000 | -€10,505 | -3.8% |
| Plant, machinery and equipment | 23 | €7,647 | €12,375 | +€4,729 | +61.8% |
| Furniture and vehicles | 24 | €24,598 | €35,661 | +€11,064 | +45.0% |
| Other tangible fixed assets | 26 | €58,030 | €54,220 | -€3,810 | -6.6% |
| Financial fixed assets | 28 | €150,250 | €150,250 | = | 0.0% |
| Current assets | 29/58 | €134,096 | €154,787 | +€20,691 | +15.4% |
| Amounts receivable within one year | 40/41 | €23,796 | €22,819 | -€978 | -4.1% |
| Trade receivables | 40 | €17,283 | €16,305 | -€978 | -5.7% |
| Other amounts receivable | 41 | €6,514 | €6,514 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,962 | €111,516 | +€19,554 | +21.3% |
| Deferred charges and accrued income | 490/1 | €18,337 | €20,452 | +€2,115 | +11.5% |
| Total equity and liabilities | 10/49 | €650,867 | €672,495 | +€21,628 | +3.3% |
| Equity | 10/15 | €420,624 | €468,969 | +€48,346 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €359,948 | €408,293 | +€48,346 | +13.4% |
| Distributable reserves | 133 | €359,948 | €408,293 | +€48,346 | +13.4% |
| Profit (loss) carried forward | 14 | €54,476 | €54,476 | = | 0.0% |
| Amounts payable | 17/49 | €230,244 | €203,526 | -€26,718 | -11.6% |
| Amounts payable after more than one year | 17 | €145,236 | €118,491 | -€26,746 | -18.4% |
| Financial debts | 170/4 | €145,236 | €118,491 | -€26,746 | -18.4% |
| Amounts payable within one year | 42/48 | €85,008 | €85,035 | +€28 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €33,474 | €44,834 | +€11,359 | +33.9% |
| Trade debts | 44 | €391 | €1,254 | +€862 | +220.5% |
| Suppliers | 440/4 | €391 | €1,254 | +€862 | +220.5% |
| Taxes, remuneration and social security | 45 | €46,813 | €29,068 | -€17,744 | -37.9% |
| Taxes | 450/3 | €44,723 | €26,978 | -€17,744 | -39.7% |
| Remuneration and social security | 454/9 | €2,090 | €2,090 | = | 0.0% |
| Other amounts payable | 47/48 | €4,330 | €9,880 | +€5,550 | +128.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,387 | €34,958 | +€4,571 | +15.0% |
| Other operating charges | 640/8 | €8,332 | €796 | -€7,536 | -90.4% |
| Gross operating margin | 9900 | €171,556 | €110,804 | -€60,752 | -35.4% |
| Operating profit (loss) | 9901 | €132,837 | €75,051 | -€57,787 | -43.5% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €7,389 | €6,354 | -€1,035 | -14.0% |
| Recurring financial charges | 65 | €7,389 | €6,354 | -€1,035 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €125,455 | €68,697 | -€56,759 | -45.2% |
| Income taxes | 67/77 | €36,963 | €20,351 | -€16,612 | -44.9% |
| Profit (loss) for the period | 9904 | €88,492 | €48,346 | -€40,147 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,492 | €48,346 | -€40,147 | -45.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.