WFMC: 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.
WFMC
Largest movements
- Cash +€56,187
up €56,187 (+62.5%), from €89,929 to €146,116
mainly Net result for the year (+€50,365) and Depreciation (+€23,827)
- Tangible fixed assets -€22,320
down €22,320 (-5.4%), from €415,434 to €393,114
of which Land and buildings: -€21,141
- Reserves +€50,365
up €50,365 (+28.6%), from €176,048 to €226,413
- Debts after one year -€32,553
down €32,553 (-10.5%), from €311,022 to €278,469
- Current portion of long-term debt +€16,626
new in 2025: €16,626
- Tax, wage and social debts +€8,468
up €8,468 (+98.1%), from €8,634 to €17,102
of which Taxes: +€8,220
- Other operating charges -€44,264
down €44,264 (-98.5%), from €44,939 to €675
- Gross operating margin +€43,972
up €43,972 (+66.8%), from €65,814 to €109,785
- Taxes +€20,655
up €20,655 (+6834.6%), from €302 to €20,957
- Depreciation +€9,495
up €9,495 (+66.2%), from €14,333 to €23,827
- Financial charges +€4,395
up €4,395 (+46.0%), from €9,565 to €13,960
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 | €579,915 | €614,566 | +€34,651 | +6.0% |
| Fixed assets | 21/28 | €415,434 | €393,114 | -€22,320 | -5.4% |
| Tangible fixed assets | 22/27 | €415,434 | €393,114 | -€22,320 | -5.4% |
| Land and buildings | 22 | €411,394 | €390,253 | -€21,141 | -5.1% |
| Plant, machinery and equipment | 23 | €2,811 | €1,505 | -€1,306 | -46.5% |
| Furniture and vehicles | 24 | €1,229 | €1,356 | +€127 | +10.4% |
| Current assets | 29/58 | €164,481 | €221,452 | +€56,971 | +34.6% |
| Amounts receivable within one year | 40/41 | €74,540 | €75,332 | +€792 | +1.1% |
| Trade receivables | 40 | €71,068 | €70,605 | -€462 | -0.7% |
| Other amounts receivable | 41 | €3,473 | €4,726 | +€1,254 | +36.1% |
| Cash at bank and in hand | 54/58 | €89,929 | €146,116 | +€56,187 | +62.5% |
| Deferred charges and accrued income | 490/1 | €12 | €4 | -€8 | -62.9% |
| Total equity and liabilities | 10/49 | €579,915 | €614,566 | +€34,651 | +6.0% |
| Equity | 10/15 | €174,052 | €224,417 | +€50,365 | +28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,048 | €226,413 | +€50,365 | +28.6% |
| Distributable reserves | 133 | €176,048 | €226,413 | +€50,365 | +28.6% |
| Profit (loss) carried forward | 14 | -€8,196 | -€8,196 | = | 0.0% |
| Amounts payable | 17/49 | €405,863 | €390,149 | -€15,714 | -3.9% |
| Amounts payable after more than one year | 17 | €311,022 | €278,469 | -€32,553 | -10.5% |
| Financial debts | 170/4 | €311,022 | €278,469 | -€32,553 | -10.5% |
| Amounts payable within one year | 42/48 | €94,401 | €111,680 | +€17,279 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,626 | +€16,626 | |
| Trade debts | 44 | €37,620 | €34,089 | -€3,531 | -9.4% |
| Suppliers | 440/4 | €37,620 | €34,089 | -€3,531 | -9.4% |
| Taxes, remuneration and social security | 45 | €8,634 | €17,102 | +€8,468 | +98.1% |
| Taxes | 450/3 | €8,634 | €16,854 | +€8,220 | +95.2% |
| Remuneration and social security | 454/9 | - | €248 | +€248 | |
| Other amounts payable | 47/48 | €48,147 | €43,863 | -€4,284 | -8.9% |
| Accrued charges and deferred income | 492/3 | €440 | - | -€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,333 | €23,827 | +€9,495 | +66.2% |
| Other operating charges | 640/8 | €44,939 | €675 | -€44,264 | -98.5% |
| Non-recurring operating charges | 66A | €4,871 | - | -€4,871 | |
| Gross operating margin | 9900 | €65,814 | €109,785 | +€43,972 | +66.8% |
| Operating profit (loss) | 9901 | €1,671 | €85,283 | +€83,612 | +5003.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,565 | €13,960 | +€4,395 | +46.0% |
| Recurring financial charges | 65 | €9,565 | €13,960 | +€4,395 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,894 | €71,322 | +€79,216 | |
| Income taxes | 67/77 | €302 | €20,957 | +€20,655 | +6834.6% |
| Profit (loss) for the period | 9904 | -€8,196 | €50,365 | +€58,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,196 | €50,365 | +€58,561 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.