WIPAL: 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.
WIPAL
Largest movements
- Cash +€21,872
up €21,872 (+235.1%), from €9,303 to €31,175
mainly Net result for the year (+€33,305) and Tax, wage and social debts (+€6,653)
- Tangible fixed assets -€1,326
down €1,326 (-21.3%), from €6,215 to €4,889
of which Plant, machinery and equipment: -€1,082
- Profit (loss) carried forward +€33,199
no longer reported in 2025 (was -€33,199)
- Trade debts -€15,008
down €15,008 (-94.9%), from €15,820 to €812
- Tax, wage and social debts +€6,653
up €6,653 (+179.6%), from €3,705 to €10,358
- Short-term financial debts -€3,495
no longer reported in 2025 (was €3,495)
- Gross operating margin +€53,940
up €53,940, from -€1,380 to €52,560
- Taxes +€8,014
up €8,014 (+537.9%), from €1,490 to €9,504
- Depreciation -€3,485
down €3,485 (-72.5%), from €4,810 to €1,325
- Other operating charges +€2,071
up €2,071 (+271.8%), from €762 to €2,833
- Financial charges +€1,157
up €1,157 (+25.9%), from €4,468 to €5,625
of which Non-recurring financial charges: +€2,187
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 | €38,196 | €59,646 | +€21,450 | +56.2% |
| Fixed assets | 21/28 | €6,215 | €4,889 | -€1,326 | -21.3% |
| Tangible fixed assets | 22/27 | €6,215 | €4,889 | -€1,326 | -21.3% |
| Plant, machinery and equipment | 23 | €5,971 | €4,889 | -€1,082 | -18.1% |
| Furniture and vehicles | 24 | €244 | - | -€244 | |
| Current assets | 29/58 | €31,981 | €54,757 | +€22,776 | +71.2% |
| Amounts receivable within one year | 40/41 | €20,755 | €21,320 | +€565 | +2.7% |
| Trade receivables | 40 | €8,814 | €9,894 | +€1,080 | +12.3% |
| Other amounts receivable | 41 | €11,941 | €11,426 | -€515 | -4.3% |
| Cash at bank and in hand | 54/58 | €9,303 | €31,175 | +€21,872 | +235.1% |
| Deferred charges and accrued income | 490/1 | €1,923 | €2,262 | +€339 | +17.6% |
| Total equity and liabilities | 10/49 | €38,196 | €59,646 | +€21,450 | +56.2% |
| Equity | 10/15 | €13,290 | €46,595 | +€33,305 | +250.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,897 | €28,003 | +€106 | +0.4% |
| Distributable reserves | 133 | €27,897 | €28,003 | +€106 | +0.4% |
| Profit (loss) carried forward | 14 | -€33,199 | - | +€33,199 | |
| Amounts payable | 17/49 | €24,906 | €13,051 | -€11,855 | -47.6% |
| Amounts payable within one year | 42/48 | €24,906 | €13,051 | -€11,855 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €1,886 | €1,881 | -€5 | -0.3% |
| Financial debts | 43 | €3,495 | - | -€3,495 | |
| Credit institutions | 430/8 | €3,495 | - | -€3,495 | |
| Trade debts | 44 | €15,820 | €812 | -€15,008 | -94.9% |
| Suppliers | 440/4 | €15,820 | €812 | -€15,008 | -94.9% |
| Taxes, remuneration and social security | 45 | €3,705 | €10,358 | +€6,653 | +179.6% |
| Taxes | 450/3 | €3,705 | €10,358 | +€6,653 | +179.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,810 | €1,325 | -€3,485 | -72.5% |
| Other operating charges | 640/8 | €762 | €2,833 | +€2,071 | +271.8% |
| Gross operating margin | 9900 | -€1,380 | €52,560 | +€53,940 | |
| Operating profit (loss) | 9901 | -€6,952 | €48,402 | +€55,354 | |
| Financial income | 75/76B | €75 | €32 | -€43 | -57.3% |
| Recurring financial income | 75 | €75 | €32 | -€43 | -57.3% |
| Financial charges | 65/66B | €4,468 | €5,625 | +€1,157 | +25.9% |
| Recurring financial charges | 65 | €4,468 | €3,438 | -€1,030 | -23.1% |
| Non-recurring financial charges | 66B | - | €2,187 | +€2,187 | |
| Profit (loss) for the period before taxes | 9903 | -€11,345 | €42,809 | +€54,154 | |
| Income taxes | 67/77 | €1,490 | €9,504 | +€8,014 | +537.9% |
| Profit (loss) for the period | 9904 | -€12,835 | €33,305 | +€46,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,835 | €33,305 | +€46,140 |
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 3 October 2026 via checked.be.