Wapicowp: 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.
Wapicowp
Largest movements
- Cash +€23,335
up €23,335 (+30.2%), from €77,219 to €100,554
mainly Trade debts (+€26,943) and Depreciation (+€15,686)
- Financial fixed assets +€10,000
up €10,000 (+5000.0%), from €200 to €10,200
- Tangible fixed assets -€6,608
down €6,608 (-9.7%), from €68,123 to €61,515
of which Plant, machinery and equipment: -€6,177
- Receivables within one year +€3,765
up €3,765 (+31.3%), from €12,012 to €15,777
of which Trade receivables: +€6,817
- Trade debts +€26,943
up €26,943 (+173.2%), from €15,555 to €42,499
- Tax, wage and social debts +€7,474
up €7,474 (+41.1%), from €18,179 to €25,653
of which Remuneration and social security: +€5,421
- Profit (loss) carried forward +€5,942
up €5,942 (+28.5%), from €20,858 to €26,800
- Advances received -€4,435
down €4,435 (-15.6%), from €28,430 to €23,995
- Other debts -€4,300
down €4,300 (-81.9%), from €5,250 to €950
- Gross operating margin +€36,003
up €36,003 (+25.0%), from €143,881 to €179,884
- Staff costs +€33,727
up €33,727 (+28.1%), from €119,970 to €153,697
- Turnover +€27,688
up €27,688 (+7.4%), from €374,577 to €402,266
- Purchases and services +€12,108
up €12,108 (+4.9%), from €246,823 to €258,931
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 | €168,754 | €199,396 | +€30,643 | +18.2% |
| Fixed assets | 21/28 | €68,323 | €71,715 | +€3,392 | +5.0% |
| Tangible fixed assets | 22/27 | €68,123 | €61,515 | -€6,608 | -9.7% |
| Plant, machinery and equipment | 23 | €67,254 | €61,077 | -€6,177 | -9.2% |
| Furniture and vehicles | 24 | €674 | €330 | -€344 | -51.0% |
| Other tangible fixed assets | 26 | €195 | €108 | -€87 | -44.6% |
| Financial fixed assets | 28 | €200 | €10,200 | +€10,000 | +5000.0% |
| Current assets | 29/58 | €100,431 | €127,681 | +€27,250 | +27.1% |
| Stocks and contracts in progress | 3 | €7,700 | €7,850 | +€150 | +1.9% |
| Stocks | 30/36 | €7,700 | €7,850 | +€150 | +1.9% |
| Amounts receivable within one year | 40/41 | €12,012 | €15,777 | +€3,765 | +31.3% |
| Trade receivables | 40 | €8,961 | €15,777 | +€6,817 | +76.1% |
| Other amounts receivable | 41 | €3,051 | - | -€3,051 | |
| Cash at bank and in hand | 54/58 | €77,219 | €100,554 | +€23,335 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €168,754 | €199,396 | +€30,643 | +18.2% |
| Equity | 10/15 | €100,358 | €106,300 | +€5,942 | +5.9% |
| Contributions | 10/11 | €79,500 | €79,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,858 | €26,800 | +€5,942 | +28.5% |
| Amounts payable | 17/49 | €68,396 | €93,096 | +€24,700 | +36.1% |
| Amounts payable within one year | 42/48 | €67,414 | €93,096 | +€25,682 | +38.1% |
| Trade debts | 44 | €15,555 | €42,499 | +€26,943 | +173.2% |
| Suppliers | 440/4 | €15,555 | €42,499 | +€26,943 | +173.2% |
| Advances received on contracts in progress | 46 | €28,430 | €23,995 | -€4,435 | -15.6% |
| Taxes, remuneration and social security | 45 | €18,179 | €25,653 | +€7,474 | +41.1% |
| Taxes | 450/3 | €6 | €2,060 | +€2,053 | +31880.4% |
| Remuneration and social security | 454/9 | €18,172 | €23,593 | +€5,421 | +29.8% |
| Other amounts payable | 47/48 | €5,250 | €950 | -€4,300 | -81.9% |
| Accrued charges and deferred income | 492/3 | €982 | - | -€982 | |
| Turnover | 70 | €374,577 | €402,266 | +€27,688 | +7.4% |
| Non-recurring operating income | 76A | - | €112 | +€112 | |
| Goods, raw materials, services and sundry goods | 60/61 | €246,823 | €258,931 | +€12,108 | +4.9% |
| Remuneration, social security and pensions | 62 | €119,970 | €153,697 | +€33,727 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,922 | €15,686 | +€2,764 | +21.4% |
| Other operating charges | 640/8 | €411 | €444 | +€33 | +8.1% |
| Non-recurring operating charges | 66A | - | €769 | +€769 | |
| Gross operating margin | 9900 | €143,881 | €179,884 | +€36,003 | +25.0% |
| Operating profit (loss) | 9901 | €10,579 | €9,287 | -€1,292 | -12.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €199 | €300 | +€101 | +51.0% |
| Recurring financial charges | 65 | €199 | €300 | +€101 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €10,380 | €8,987 | -€1,393 | -13.4% |
| Income taxes | 67/77 | €3,000 | €1,494 | -€1,506 | -50.2% |
| Profit (loss) for the period | 9904 | €7,380 | €7,492 | +€112 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,380 | €7,492 | +€112 | +1.5% |
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.