WAPI-SyndiK: 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.
What changed
WAPI-SyndiK
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€37,406
2024 · €29,801+€7,606
Equity
€18,600
2024 · €76,903-€58,303
Cash
€127,624
2024 · €99,860+€27,764
Balance sheet total
€229,033
2024 · €222,329+€6,704
Largest movements
Assets
- Cash +€27,764
up €27,764 (+27.8%), from €99,860 to €127,624
mainly Other debts (+€79,440) and Net result for the year (+€37,406)
- Receivables within one year -€26,984
down €26,984 (-30.3%), from €89,199 to €62,215
of which Trade receivables: -€31,016
- Tangible fixed assets +€5,565
up €5,565 (+17.3%), from €32,127 to €37,692
of which Leasing and similar rights: +€11,142
Equity and liabilities
- Other debts +€79,440
up €79,440 (+3972.0%), from €2,000 to €81,440
- Profit (loss) carried forward -€58,303
down €58,303 (-100.0%), from €58,303 to €0
- Trade debts -€37,969
down €37,969 (-59.2%), from €64,122 to €26,153
- Short-term financial debts +€13,339
new in 2025: €13,339
- Current portion of long-term debt +€9,063
up €9,063 (+68.0%), from €13,332 to €22,394
Income statement
- Turnover +€67,416
up €67,416 (+14.0%), from €481,005 to €548,420
- Staff costs +€38,754
up €38,754 (+14.2%), from €272,601 to €311,355
- Services and other goods +€12,746
up €12,746 (+8.5%), from €150,729 to €163,475
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.
Result 2024
€29,801
Turnover
+€67,416
Other operating income
+€1,535
Services and other goods
-€12,746
Staff costs
-€38,754
Depreciation
-€3,691
Other operating charges
-€1,338
Other operating items
+€27
Financial income
+€322
Financial charges
-€409
Taxes
-€4,756
Result 2025
€37,406
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.
From operations
+€123,884
Investment
-€24,010
Financing
-€72,110
Cash 2024
€99,860
From operations (derived)
+€123,884
Net result for the year
+€37,406
Depreciation
+€18,808
Receivables within one year
+€26,984
Deferred charges and accrued income
-€722
Trade debts
-€37,969
Tax, wage and social debts
-€2,064
Other debts
+€79,440
Accrued charges and deferred income
+€2,000
Investment (derived)
-€24,010
Investment in fixed assets (net)
-€24,010
Financing
-€72,110
Debts after one year
+€1,198
Current portion of long-term debt
+€9,063
Short-term financial debts
+€13,339
Contributions, distributions and other
-€95,709
Cash 2025
€127,624
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,329 | €229,033 | +€6,704 | +3.0% |
| Fixed assets | 21/28 | €32,490 | €37,692 | +€5,202 | +16.0% |
| Tangible fixed assets | 22/27 | €32,127 | €37,692 | +€5,565 | +17.3% |
| Furniture and vehicles | 24 | €5,577 | €0 | -€5,577 | -100.0% |
| Leasing and similar rights | 25 | €26,550 | €37,692 | +€11,142 | +42.0% |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100.0% |
| Other financial fixed assets | 284/8 | €363 | €0 | -€363 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €0 | -€363 | -100.0% |
| Current assets | 29/58 | €189,839 | €191,340 | +€1,502 | +0.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €89,199 | €62,215 | -€26,984 | -30.3% |
| Trade receivables | 40 | €70,021 | €39,006 | -€31,016 | -44.3% |
| Other amounts receivable | 41 | €19,178 | €23,209 | +€4,031 | +21.0% |
| Cash at bank and in hand | 54/58 | €99,860 | €127,624 | +€27,764 | +27.8% |
| Deferred charges and accrued income | 490/1 | €780 | €1,502 | +€722 | +92.5% |
| Total equity and liabilities | 10/49 | €222,329 | €229,033 | +€6,704 | +3.0% |
| Equity | 10/15 | €76,903 | €18,600 | -€58,303 | -75.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,303 | €0 | -€58,303 | -100.0% |
| Amounts payable | 17/49 | €145,426 | €210,433 | +€65,006 | +44.7% |
| Amounts payable after more than one year | 17 | €15,138 | €16,335 | +€1,198 | +7.9% |
| Financial debts | 170/4 | €15,138 | €16,335 | +€1,198 | +7.9% |
| Leasing and similar obligations | 172 | €15,138 | €16,335 | +€1,198 | +7.9% |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €130,289 | €192,098 | +€61,809 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €13,332 | €22,394 | +€9,063 | +68.0% |
| Financial debts | 43 | - | €13,339 | +€13,339 | |
| Credit institutions | 430/8 | - | €13,339 | +€13,339 | |
| Trade debts | 44 | €64,122 | €26,153 | -€37,969 | -59.2% |
| Suppliers | 440/4 | €64,122 | €26,153 | -€37,969 | -59.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €50,835 | €48,771 | -€2,064 | -4.1% |
| Taxes | 450/3 | €1,921 | €14,356 | +€12,435 | +647.4% |
| Remuneration and social security | 454/9 | €48,914 | €34,415 | -€14,499 | -29.6% |
| Other amounts payable | 47/48 | €2,000 | €81,440 | +€79,440 | +3972.0% |
| Accrued charges and deferred income | 492/3 | €0 | €2,000 | +€2,000 | |
| Operating income | 70/76A | €485,746 | €554,696 | +€68,950 | +14.2% |
| Turnover | 70 | €481,005 | €548,420 | +€67,416 | +14.0% |
| Other operating income | 74 | €4,741 | €6,276 | +€1,535 | +32.4% |
| Operating charges | 60/66A | €439,799 | €496,300 | +€56,502 | +12.8% |
| Services and other goods | 61 | €150,729 | €163,475 | +€12,746 | +8.5% |
| Remuneration, social security and pensions | 62 | €272,601 | €311,355 | +€38,754 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,117 | €18,808 | +€3,691 | +24.4% |
| Other operating charges | 640/8 | €1,323 | €2,662 | +€1,338 | +101.1% |
| Non-recurring operating charges | 66A | €27 | €0 | -€27 | -100.0% |
| Operating profit (loss) | 9901 | €45,947 | €58,396 | +€12,449 | +27.1% |
| Financial income | 75/76B | €11 | €333 | +€322 | +2898.6% |
| Recurring financial income | 75 | €11 | €333 | +€322 | +2898.6% |
| Other financial income | 752/9 | €11 | €333 | +€322 | +2898.6% |
| Financial charges | 65/66B | €1,751 | €2,160 | +€409 | +23.4% |
| Recurring financial charges | 65 | €1,751 | €2,160 | +€409 | +23.4% |
| Debt charges | 650 | €1,162 | €1,423 | +€261 | +22.5% |
| Other financial charges | 652/9 | €590 | €738 | +€148 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €44,207 | €56,569 | +€12,362 | +28.0% |
| Income taxes | 67/77 | €14,406 | €19,162 | +€4,756 | +33.0% |
| Taxes | 670/3 | €14,406 | €19,162 | +€4,756 | +33.0% |
| Profit (loss) for the period | 9904 | €29,801 | €37,406 | +€7,606 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,801 | €37,406 | +€7,606 | +25.5% |
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 7 October 2026 via checked.be.