WAPPOS: 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.
WAPPOS
Largest movements
- Cash -€54,900
down €54,900 (-29.5%), from €186,401 to €131,502
mainly Tax, wage and social debts (-€38,719) and Investment in fixed assets (net) (-€23,154)
- Tangible fixed assets +€21,202
up €21,202 (+894.5%), from €2,370 to €23,572
of which Furniture and vehicles: +€19,958
- Receivables within one year +€18,131
up €18,131 (+201.4%), from €9,005 to €27,136
of which Other amounts receivable: +€16,244
- Tax, wage and social debts -€38,719
down €38,719 (-71.5%), from €54,186 to €15,467
- Reserves +€27,500
up €27,500 (+36.7%), from €75,000 to €102,500
- Other debts -€4,126
down €4,126 (-94.4%), from €4,373 to €247
- Turnover -€20,589
down €20,589 (-13.8%), from €149,561 to €128,971
- Purchases and services -€13,133
down €13,133 (-12.9%), from €102,177 to €89,044
- Gross operating margin -€7,456
down €7,456 (-15.7%), from €47,383 to €39,927
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 | €197,776 | €182,210 | -€15,566 | -7.9% |
| Fixed assets | 21/28 | €2,370 | €23,572 | +€21,202 | +894.5% |
| Tangible fixed assets | 22/27 | €2,370 | €23,572 | +€21,202 | +894.5% |
| Plant, machinery and equipment | 23 | - | €1,245 | +€1,245 | |
| Furniture and vehicles | 24 | €2,370 | €22,328 | +€19,958 | +842.0% |
| Current assets | 29/58 | €195,406 | €158,638 | -€36,768 | -18.8% |
| Amounts receivable within one year | 40/41 | €9,005 | €27,136 | +€18,131 | +201.4% |
| Trade receivables | 40 | €8,730 | €10,618 | +€1,888 | +21.6% |
| Other amounts receivable | 41 | €275 | €16,518 | +€16,244 | +5916.9% |
| Cash at bank and in hand | 54/58 | €186,401 | €131,502 | -€54,900 | -29.5% |
| Total equity and liabilities | 10/49 | €197,776 | €182,210 | -€15,566 | -7.9% |
| Equity | 10/15 | €138,744 | €166,432 | +€27,688 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €102,500 | +€27,500 | +36.7% |
| Distributable reserves | 133 | €75,000 | €102,500 | +€27,500 | +36.7% |
| Profit (loss) carried forward | 14 | €60,744 | €60,932 | +€188 | +0.3% |
| Amounts payable | 17/49 | €59,032 | €15,778 | -€43,254 | -73.3% |
| Amounts payable within one year | 42/48 | €59,032 | €15,778 | -€43,254 | -73.3% |
| Financial debts | 43 | €473 | €64 | -€409 | -86.4% |
| Credit institutions | 430/8 | €473 | €64 | -€409 | -86.4% |
| Taxes, remuneration and social security | 45 | €54,186 | €15,467 | -€38,719 | -71.5% |
| Taxes | 450/3 | €54,186 | €15,467 | -€38,719 | -71.5% |
| Other amounts payable | 47/48 | €4,373 | €247 | -€4,126 | -94.4% |
| Turnover | 70 | €149,561 | €128,971 | -€20,589 | -13.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €102,177 | €89,044 | -€13,133 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €1,952 | -€339 | -14.8% |
| Other operating charges | 640/8 | €85 | €47 | -€38 | -44.9% |
| Gross operating margin | 9900 | €47,383 | €39,927 | -€7,456 | -15.7% |
| Operating profit (loss) | 9901 | €45,008 | €37,929 | -€7,079 | -15.7% |
| Financial income | 75/76B | - | €872 | +€872 | |
| Recurring financial income | 75 | - | €872 | +€872 | |
| Financial charges | 65/66B | €133 | €178 | +€44 | +33.0% |
| Recurring financial charges | 65 | €133 | €178 | +€44 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €44,874 | €38,623 | -€6,252 | -13.9% |
| Income taxes | 67/77 | €11,882 | €10,934 | -€947 | -8.0% |
| Profit (loss) for the period | 9904 | €32,992 | €27,688 | -€5,304 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,992 | €27,688 | -€5,304 | -16.1% |
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 2 October 2026 via checked.be.