WAPIRIS: what changed
Two financial 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.
WAPIRIS
Largest movements
- Tangible fixed assets -€75,793
down €75,793 (-6.9%), from €1.1m to €1.0m
of which Land and buildings: -€75,096
- Cash -€19,525
down €19,525 (-41.0%), from €47,599 to €28,074
mainly Debts after one year (-€110,696) and Other debts (-€50,672)
- Receivables within one year -€16,075
down €16,075 (-85.9%), from €18,720 to €2,645
of which Other amounts receivable: -€15,220
- Debts after one year -€110,696
down €110,696 (-27.8%), from €397,527 to €286,832
- Reserves +€59,711
up €59,711 (+11.9%), from €503,326 to €563,036
- Other debts -€50,672
down €50,672 (-69.8%), from €72,613 to €21,942
- Depreciation -€225,564
down €225,564 (-74.8%), from €301,358 to €75,793
- Staff costs -€22,152
down €22,152 (-42.9%), from €51,595 to €29,443
- Gross operating margin -€6,804
down €6,804 (-3.3%), from €208,513 to €201,709
- Taxes +€5,971
new in 2025: €5,971
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.
Derived cash bridge
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 | €1,171,914 | €1,065,216 | -€106,698 | -9.1% |
| Fixed assets | 21/28 | €1,100,968 | €1,025,164 | -€75,803 | -6.9% |
| Tangible fixed assets | 22/27 | €1,099,940 | €1,024,146 | -€75,793 | -6.9% |
| Land and buildings | 22 | €1,097,848 | €1,022,752 | -€75,096 | -6.8% |
| Plant, machinery and equipment | 23 | €2,091 | €1,394 | -€697 | -33.3% |
| Financial fixed assets | 28 | €1,028 | €1,018 | -€10 | -1.0% |
| Current assets | 29/58 | €70,946 | €40,051 | -€30,895 | -43.5% |
| Amounts receivable within one year | 40/41 | €18,720 | €2,645 | -€16,075 | -85.9% |
| Trade receivables | 40 | €3,500 | €2,645 | -€855 | -24.4% |
| Other amounts receivable | 41 | €15,220 | - | -€15,220 | |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €47,599 | €28,074 | -€19,525 | -41.0% |
| Deferred charges and accrued income | 490/1 | €4,627 | €1,332 | -€3,295 | -71.2% |
| Total equity and liabilities | 10/49 | €1,171,914 | €1,065,216 | -€106,698 | -9.1% |
| Equity | 10/15 | €565,000 | €624,711 | +€59,711 | +10.6% |
| Contributions | 10/11 | €61,674 | €61,674 | = | 0.0% |
| Contributions outside capital | 11 | €61,674 | €61,674 | = | 0.0% |
| Other | 1109/19 | €61,674 | €61,674 | = | 0.0% |
| Reserves | 13 | €503,326 | €563,036 | +€59,711 | +11.9% |
| Distributable reserves | 133 | €503,326 | €563,036 | +€59,711 | +11.9% |
| Amounts payable | 17/49 | €606,914 | €440,505 | -€166,409 | -27.4% |
| Amounts payable after more than one year | 17 | €397,527 | €286,832 | -€110,696 | -27.8% |
| Financial debts | 170/4 | €397,527 | €286,832 | -€110,696 | -27.8% |
| Amounts payable within one year | 42/48 | €194,386 | €138,673 | -€55,713 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €109,365 | €110,696 | +€1,330 | +1.2% |
| Trade debts | 44 | €5,077 | - | -€5,077 | |
| Suppliers | 440/4 | €5,077 | - | -€5,077 | |
| Taxes, remuneration and social security | 45 | €7,331 | €6,036 | -€1,295 | -17.7% |
| Taxes | 450/3 | €1,326 | €6,036 | +€4,710 | +355% |
| Remuneration and social security | 454/9 | €6,005 | - | -€6,005 | |
| Other amounts payable | 47/48 | €72,613 | €21,942 | -€50,672 | -69.8% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €51,595 | €29,443 | -€22,152 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,358 | €75,793 | -€225,564 | -74.8% |
| Other operating charges | 640/8 | €22,415 | €23,118 | +€703 | +3.1% |
| Gross operating margin | 9900 | €208,513 | €201,709 | -€6,804 | -3.3% |
| Operating profit (loss) | 9901 | -€166,855 | €73,355 | +€240,209 | |
| Financial charges | 65/66B | €9,470 | €7,673 | -€1,797 | -19.0% |
| Recurring financial charges | 65 | €9,470 | €7,673 | -€1,797 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€176,325 | €65,682 | +€242,007 | |
| Income taxes | 67/77 | - | €5,971 | +€5,971 | |
| Profit (loss) for the period | 9904 | -€176,325 | €59,711 | +€236,036 | |
| Profit (loss) for the period to be appropriated | 9905 | -€176,325 | €59,711 | +€236,036 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.