WIMAT: 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.
WIMAT
Largest movements
- Stocks and contracts +€243,671
up €243,671 (+27.8%), from €875,061 to €1.1m
- Receivables within one year -€32,022
down €32,022 (-3.5%), from €906,350 to €874,327
of which Trade receivables: -€128,920
- Trade debts +€388,733
up €388,733 (+55.1%), from €705,888 to €1.1m
- Advances received -€58,316
down €58,316 (-26.0%), from €224,557 to €166,241
- Other debts -€29,736
down €29,736 (-15.2%), from €196,004 to €166,268
- Tax, wage and social debts -€25,047
down €25,047 (-45.5%), from €55,088 to €30,042
of which Taxes: -€25,653
- Debts after one year -€23,427
no longer reported in 2024 (was €23,427)
- Financial income -€8,752
down €8,752 (-87.3%), from €10,029 to €1,276
of which Non-recurring financial income: -€8,007
- Depreciation -€6,578
down €6,578 (-27.4%), from €23,982 to €17,404
- Gross operating margin +€4,157
up €4,157 (+8.5%), from €48,627 to €52,784
- Financial charges +€2,821
up €2,821 (+20.8%), from €13,533 to €16,354
- Staff costs -€1,466
down €1,466 (-29.7%), from €4,938 to €3,472
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,827,404 | €2,076,033 | +€248,630 | +13.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €28,415 | €46,362 | +€17,948 | +63.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €28,415 | €46,362 | +€17,948 | +63.2% |
| Plant, machinery and equipment | 23 | €12,983 | €6,975 | -€6,008 | -46.3% |
| Furniture and vehicles | 24 | €15,431 | €39,387 | +€23,956 | +155% |
| Current assets | 29/58 | €1,798,989 | €2,029,671 | +€230,682 | +12.8% |
| Stocks and contracts in progress | 3 | €875,061 | €1,118,732 | +€243,671 | +27.8% |
| Stocks | 30/36 | €875,061 | €1,118,732 | +€243,671 | +27.8% |
| Amounts receivable within one year | 40/41 | €906,350 | €874,327 | -€32,022 | -3.5% |
| Trade receivables | 40 | €470,935 | €342,015 | -€128,920 | -27.4% |
| Other amounts receivable | 41 | €435,414 | €532,312 | +€96,898 | +22.3% |
| Cash at bank and in hand | 54/58 | €12,713 | €21,878 | +€9,166 | +72.1% |
| Deferred charges and accrued income | 490/1 | €4,866 | €14,733 | +€9,867 | +203% |
| Total equity and liabilities | 10/49 | €1,827,404 | €2,076,033 | +€248,630 | +13.6% |
| Equity | 10/15 | €426,061 | €436,839 | +€10,777 | +2.5% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €246,061 | €256,839 | +€10,777 | +4.4% |
| Non-distributable reserves | 130/1 | €14,338 | €14,338 | = | 0.0% |
| Legal reserve | 130 | €14,338 | €14,338 | = | 0.0% |
| Distributable reserves | 133 | €231,724 | €242,501 | +€10,777 | +4.7% |
| Amounts payable | 17/49 | €1,401,343 | €1,639,195 | +€237,852 | +17.0% |
| Amounts payable after more than one year | 17 | €23,427 | - | -€23,427 | |
| Financial debts | 170/4 | €23,427 | - | -€23,427 | |
| Amounts payable within one year | 42/48 | €1,376,330 | €1,638,147 | +€261,817 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €47,835 | €25,885 | -€21,950 | -45.9% |
| Financial debts | 43 | €146,958 | €155,091 | +€8,133 | +5.5% |
| Credit institutions | 430/8 | €146,958 | €155,091 | +€8,133 | +5.5% |
| Trade debts | 44 | €705,888 | €1,094,621 | +€388,733 | +55.1% |
| Suppliers | 440/4 | €705,888 | €1,094,621 | +€388,733 | +55.1% |
| Advances received on contracts in progress | 46 | €224,557 | €166,241 | -€58,316 | -26.0% |
| Taxes, remuneration and social security | 45 | €55,088 | €30,042 | -€25,047 | -45.5% |
| Taxes | 450/3 | €55,088 | €29,436 | -€25,653 | -46.6% |
| Remuneration and social security | 454/9 | - | €606 | +€606 | |
| Other amounts payable | 47/48 | €196,004 | €166,268 | -€29,736 | -15.2% |
| Accrued charges and deferred income | 492/3 | €1,586 | €1,048 | -€538 | -33.9% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €4,938 | €3,472 | -€1,466 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,982 | €17,404 | -€6,578 | -27.4% |
| Other operating charges | 640/8 | €1,785 | €1,844 | +€59 | +3.3% |
| Gross operating margin | 9900 | €48,627 | €52,784 | +€4,157 | +8.5% |
| Operating profit (loss) | 9901 | €17,922 | €30,064 | +€12,142 | +67.7% |
| Financial income | 75/76B | €10,029 | €1,276 | -€8,752 | -87.3% |
| Recurring financial income | 75 | €2,022 | €1,276 | -€745 | -36.9% |
| Non-recurring financial income | 76B | €8,007 | - | -€8,007 | |
| Financial charges | 65/66B | €13,533 | €16,354 | +€2,821 | +20.8% |
| Recurring financial charges | 65 | €13,533 | €16,354 | +€2,821 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €14,418 | €14,986 | +€568 | +3.9% |
| Income taxes | 67/77 | €4,103 | €4,208 | +€105 | +2.6% |
| Profit (loss) for the period | 9904 | €10,315 | €10,777 | +€463 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,315 | €10,777 | +€463 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.