WAPI FOOD: 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.
WAPI FOOD
Largest movements
- Tangible fixed assets -€8,876
down €8,876 (-2.8%), from €314,539 to €305,663
of which Land and buildings: -€5,994
- Cash +€8,255
up €8,255 (+61.5%), from €13,420 to €21,675
mainly Net result for the year (+€61,581) and Depreciation (+€28,315)
- Stocks and contracts +€7,171
up €7,171 (+131.9%), from €5,436 to €12,607
- Profit (loss) carried forward +€61,581
up €61,581 (+82.0%), from -€75,132 to -€13,551
- Debts after one year -€29,370
down €29,370 (-14.2%), from €207,511 to €178,141
of which Financial debts: -€29,370
- Other debts -€18,122
down €18,122 (-15.2%), from €119,392 to €101,270
- Trade debts -€12,971
down €12,971 (-47.4%), from €27,389 to €14,418
- Gross operating margin +€41,591
up €41,591 (+15.7%), from €264,830 to €306,421
- Other operating charges -€19,146
down €19,146 (-86.7%), from €22,072 to €2,926
- Financial charges -€3,653
down €3,653 (-20.3%), from €18,021 to €14,368
- Staff costs +€3,457
up €3,457 (+1.8%), from €195,437 to €198,894
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 | €338,753 | €343,695 | +€4,942 | +1.5% |
| Fixed assets | 21/28 | €314,739 | €305,863 | -€8,876 | -2.8% |
| Tangible fixed assets | 22/27 | €314,539 | €305,663 | -€8,876 | -2.8% |
| Land and buildings | 22 | €161,755 | €155,761 | -€5,994 | -3.7% |
| Plant, machinery and equipment | 23 | €84,443 | €87,855 | +€3,413 | +4.0% |
| Furniture and vehicles | 24 | €6,045 | €4,945 | -€1,100 | -18.2% |
| Leasing and similar rights | 25 | €62,296 | €57,102 | -€5,195 | -8.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €24,015 | €37,832 | +€13,818 | +57.5% |
| Stocks and contracts in progress | 3 | €5,436 | €12,607 | +€7,171 | +131.9% |
| Stocks | 30/36 | €5,436 | €12,607 | +€7,171 | +131.9% |
| Amounts receivable within one year | 40/41 | €5,159 | €2,156 | -€3,003 | -58.2% |
| Trade receivables | 40 | €3,253 | €0 | -€3,253 | -100.0% |
| Other amounts receivable | 41 | €1,906 | €2,156 | +€250 | +13.1% |
| Cash at bank and in hand | 54/58 | €13,420 | €21,675 | +€8,255 | +61.5% |
| Deferred charges and accrued income | 490/1 | - | €1,394 | +€1,394 | |
| Total equity and liabilities | 10/49 | €338,753 | €343,695 | +€4,942 | +1.5% |
| Equity | 10/15 | -€46,367 | €15,214 | +€61,581 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,765 | €18,765 | = | 0.0% |
| Distributable reserves | 133 | €18,765 | €18,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,132 | -€13,551 | +€61,581 | +82.0% |
| Amounts payable | 17/49 | €385,120 | €328,481 | -€56,639 | -14.7% |
| Amounts payable after more than one year | 17 | €207,511 | €178,141 | -€29,370 | -14.2% |
| Financial debts | 170/4 | €204,711 | €175,341 | -€29,370 | -14.3% |
| Other amounts payable | 178/9 | €2,800 | €2,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,609 | €150,339 | -€27,269 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €28,067 | €29,370 | +€1,303 | +4.6% |
| Trade debts | 44 | €27,389 | €14,418 | -€12,971 | -47.4% |
| Suppliers | 440/4 | €27,389 | €14,418 | -€12,971 | -47.4% |
| Taxes, remuneration and social security | 45 | €2,760 | €5,282 | +€2,521 | +91.3% |
| Taxes | 450/3 | €2,760 | €5,282 | +€2,521 | +91.3% |
| Other amounts payable | 47/48 | €119,392 | €101,270 | -€18,122 | -15.2% |
| Remuneration, social security and pensions | 62 | €195,437 | €198,894 | +€3,457 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,083 | €28,315 | +€2,232 | +8.6% |
| Other operating charges | 640/8 | €22,072 | €2,926 | -€19,146 | -86.7% |
| Gross operating margin | 9900 | €264,830 | €306,421 | +€41,591 | +15.7% |
| Operating profit (loss) | 9901 | €21,238 | €76,287 | +€55,049 | +259.2% |
| Financial income | 75/76B | €12 | €2,511 | +€2,499 | +20649.0% |
| Recurring financial income | 75 | €12 | €2,511 | +€2,499 | +20649.0% |
| Financial charges | 65/66B | €18,021 | €14,368 | -€3,653 | -20.3% |
| Recurring financial charges | 65 | €18,021 | €14,368 | -€3,653 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €3,229 | €64,429 | +€61,200 | +1895.1% |
| Income taxes | 67/77 | €262 | €2,848 | +€2,586 | +989.0% |
| Profit (loss) for the period | 9904 | €2,968 | €61,581 | +€58,613 | +1974.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,968 | €61,581 | +€58,613 | +1974.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.