WAPICT: 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.
WAPICT
Largest movements
- Tangible fixed assets -€17,752
down €17,752 (-20.1%), from €88,477 to €70,725
of which Furniture and vehicles: -€16,435
- Receivables within one year -€4,297
down €4,297 (-12.1%), from €35,659 to €31,362
of which Trade receivables: -€4,297
- Cash +€2,971
up €2,971 (+12.2%), from €24,440 to €27,411
mainly Depreciation (+€28,311) and Other debts (+€26,797)
- Trade debts -€63,317
down €63,317 (-70.3%), from €90,008 to €26,691
of which Suppliers: -€49,258
- Other debts +€26,797
up €26,797 (+710.9%), from €3,770 to €30,567
- Profit (loss) carried forward -€23,769
down €23,769 (-80.5%), from -€29,514 to -€53,283
- Current portion of long-term debt +€19,527
up €19,527 (+104.6%), from €18,664 to €38,191
- Debts after one year +€17,977
up €17,977 (+96.1%), from €18,701 to €36,678
- Staff costs +€68,501
up €68,501 (+40.6%), from €168,556 to €237,056
- Gross operating margin +€39,375
up €39,375 (+18.8%), from €208,989 to €248,364
- Depreciation +€6,218
up €6,218 (+28.1%), from €22,093 to €28,311
- Other operating charges -€3,471
down €3,471 (-57.2%), from €6,073 to €2,602
- Write-downs -€3,180
no longer reported in 2025 (was €3,180)
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 | €168,627 | €148,025 | -€20,603 | -12.2% |
| Fixed assets | 21/28 | €99,273 | €80,333 | -€18,940 | -19.1% |
| Intangible fixed assets | 21 | €10,676 | €9,488 | -€1,188 | -11.1% |
| Tangible fixed assets | 22/27 | €88,477 | €70,725 | -€17,752 | -20.1% |
| Plant, machinery and equipment | 23 | €11,615 | €10,299 | -€1,317 | -11.3% |
| Furniture and vehicles | 24 | €76,862 | €60,427 | -€16,435 | -21.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €69,354 | €67,691 | -€1,663 | -2.4% |
| Amounts receivable within one year | 40/41 | €35,659 | €31,362 | -€4,297 | -12.1% |
| Trade receivables | 40 | €34,929 | €30,632 | -€4,297 | -12.3% |
| Other amounts receivable | 41 | €730 | €730 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,440 | €27,411 | +€2,971 | +12.2% |
| Deferred charges and accrued income | 490/1 | €9,254 | €8,918 | -€336 | -3.6% |
| Total equity and liabilities | 10/49 | €168,627 | €148,025 | -€20,603 | -12.2% |
| Equity | 10/15 | -€7,831 | -€31,600 | -€23,769 | -303.5% |
| Contributions | 10/11 | €16,120 | €16,120 | = | 0.0% |
| Reserves | 13 | €5,563 | €5,563 | = | 0.0% |
| Tax-exempt reserves | 132 | €56 | €56 | = | 0.0% |
| Distributable reserves | 133 | €5,506 | €5,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,514 | -€53,283 | -€23,769 | -80.5% |
| Amounts payable | 17/49 | €176,459 | €179,625 | +€3,166 | +1.8% |
| Amounts payable after more than one year | 17 | €18,701 | €36,678 | +€17,977 | +96.1% |
| Financial debts | 170/4 | €18,701 | €36,678 | +€17,977 | +96.1% |
| Amounts payable within one year | 42/48 | €150,348 | €135,093 | -€15,255 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €18,664 | €38,191 | +€19,527 | +104.6% |
| Trade debts | 44 | €90,008 | €26,691 | -€63,317 | -70.3% |
| Suppliers | 440/4 | €75,949 | €26,691 | -€49,258 | -64.9% |
| Bills of exchange payable | 441 | €14,058 | - | -€14,058 | |
| Advances received on contracts in progress | 46 | - | €4,490 | +€4,490 | |
| Taxes, remuneration and social security | 45 | €37,907 | €35,154 | -€2,752 | -7.3% |
| Taxes | 450/3 | €12,662 | €6,106 | -€6,555 | -51.8% |
| Remuneration and social security | 454/9 | €25,245 | €29,048 | +€3,803 | +15.1% |
| Other amounts payable | 47/48 | €3,770 | €30,567 | +€26,797 | +710.9% |
| Accrued charges and deferred income | 492/3 | €7,410 | €7,854 | +€444 | +6.0% |
| Non-recurring operating income | 76A | €7,976 | €2,460 | -€5,516 | -69.2% |
| Remuneration, social security and pensions | 62 | €168,556 | €237,056 | +€68,501 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,093 | €28,311 | +€6,218 | +28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,180 | - | -€3,180 | |
| Other operating charges | 640/8 | €6,073 | €2,602 | -€3,471 | -57.2% |
| Gross operating margin | 9900 | €208,989 | €248,364 | +€39,375 | +18.8% |
| Operating profit (loss) | 9901 | €9,087 | -€19,605 | -€28,692 | |
| Financial income | 75/76B | €13 | €59 | +€47 | +374.0% |
| Recurring financial income | 75 | €13 | €59 | +€47 | +374.0% |
| Financial charges | 65/66B | €2,964 | €3,941 | +€977 | +33.0% |
| Recurring financial charges | 65 | €2,964 | €3,941 | +€977 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €6,136 | -€23,487 | -€29,622 | |
| Income taxes | 67/77 | €1,599 | €282 | -€1,317 | -82.4% |
| Profit (loss) for the period | 9904 | €4,536 | -€23,769 | -€28,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,536 | -€23,769 | -€28,305 |
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 9 October 2026 via checked.be.