WIM PIJPOPS: what changed
What changed
WIM PIJPOPS
filed annual accounts (NBB)
Net result for the year
€36,524
2024 · €30,674+€5,851
Equity
€226,984
2024 · €190,459+€36,524
Cash
€236,382
2024 · €217,623+€18,758
Balance sheet total
€262,608
2024 · €241,139+€21,469
Largest movements
Assets
- Cash +€18,758
up €18,758 (+8.6%), from €217,623 to €236,382
mainly Net result for the year (+€36,524) and Depreciation (+€9,635)
- Tangible fixed assets +€3,555
up €3,555 (+19.0%), from €18,715 to €22,270
of which Other tangible fixed assets: +€6,570
Equity and liabilities
- Reserves +€36,524
up €36,524 (+21.3%), from €171,867 to €208,392
- Other debts -€15,405
down €15,405 (-34.7%), from €44,398 to €28,994
Income statement
- Gross operating margin +€9,092
up €9,092 (+16.8%), from €54,071 to €63,163
- Taxes +€3,293
up €3,293 (+23.4%), from €14,066 to €17,359
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,674
Gross operating margin
+€9,092
Depreciation
-€412
Other operating charges
+€550
Financial income
-€205
Financial charges
+€119
Taxes
-€3,293
Result 2025
€36,524
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,949
Investment
-€13,191
Financing
€0
Cash 2024
€217,623
From operations (derived)
+€31,949
Net result for the year
+€36,524
Depreciation
+€9,635
Receivables within one year
-€1,145
Deferred charges and accrued income
+€1,989
Trade debts
+€185
Other debts
-€15,405
Accrued charges and deferred income
+€165
Investment (derived)
-€13,191
Investment in fixed assets (net)
-€13,191
Cash 2025
€236,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,139 | €262,608 | +€21,469 | +8.9% |
| Fixed assets | 21/28 | €19,458 | €23,014 | +€3,555 | +18.3% |
| Tangible fixed assets | 22/27 | €18,715 | €22,270 | +€3,555 | +19.0% |
| Plant, machinery and equipment | 23 | €6,832 | €6,101 | -€731 | -10.7% |
| Furniture and vehicles | 24 | €5,397 | €3,114 | -€2,284 | -42.3% |
| Other tangible fixed assets | 26 | €6,486 | €13,055 | +€6,570 | +101% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €221,680 | €239,594 | +€17,914 | +8.1% |
| Amounts receivable within one year | 40/41 | €272 | €1,417 | +€1,145 | +421% |
| Other amounts receivable | 41 | €272 | €1,417 | +€1,145 | +421% |
| Cash at bank and in hand | 54/58 | €217,623 | €236,382 | +€18,758 | +8.6% |
| Deferred charges and accrued income | 490/1 | €3,785 | €1,796 | -€1,989 | -52.6% |
| Total equity and liabilities | 10/49 | €241,139 | €262,608 | +€21,469 | +8.9% |
| Equity | 10/15 | €190,459 | €226,984 | +€36,524 | +19.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €171,867 | €208,392 | +€36,524 | +21.3% |
| Distributable reserves | 133 | €171,867 | €208,392 | +€36,524 | +21.3% |
| Amounts payable | 17/49 | €50,680 | €35,624 | -€15,055 | -29.7% |
| Amounts payable within one year | 42/48 | €49,838 | €34,617 | -€15,220 | -30.5% |
| Trade debts | 44 | €5,439 | €5,624 | +€185 | +3.4% |
| Suppliers | 440/4 | €5,439 | €5,624 | +€185 | +3.4% |
| Other amounts payable | 47/48 | €44,398 | €28,994 | -€15,405 | -34.7% |
| Accrued charges and deferred income | 492/3 | €842 | €1,007 | +€165 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,224 | €9,635 | +€412 | +4.5% |
| Other operating charges | 640/8 | €809 | €259 | -€550 | -68.0% |
| Gross operating margin | 9900 | €54,071 | €63,163 | +€9,092 | +16.8% |
| Operating profit (loss) | 9901 | €44,038 | €53,268 | +€9,230 | +21.0% |
| Financial income | 75/76B | €1,126 | €920 | -€205 | -18.2% |
| Recurring financial income | 75 | €1,126 | €920 | -€205 | -18.2% |
| Financial charges | 65/66B | €424 | €305 | -€119 | -28.1% |
| Recurring financial charges | 65 | €424 | €305 | -€119 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €44,739 | €53,883 | +€9,144 | +20.4% |
| Income taxes | 67/77 | €14,066 | €17,359 | +€3,293 | +23.4% |
| Profit (loss) for the period | 9904 | €30,674 | €36,524 | +€5,851 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,674 | €36,524 | +€5,851 | +19.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.