WIPAM: 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.
What changed
WIPAM
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€89,248
2024 · €601,359-€512,111
Equity
€1.7m
2024 · €1.6m+€89,248
Cash
€21,294
2024 · €5,818+€15,477
Balance sheet total
€5.8m
2024 · €5.0m+€779,373
Largest movements
Assets
- Financial fixed assets +€792,414
up €792,414 (+25.3%), from €3.1m to €3.9m
of which Affiliated companies: +€792,414
- Tangible fixed assets -€137,700
down €137,700 (-12.3%), from €1.1m to €984,523
of which Land and buildings: -€130,722
- Receivables within one year +€111,164
up €111,164 (+15.9%), from €699,271 to €810,435
of which Other amounts receivable: +€168,342
Equity and liabilities
- Trade debts +€461,186
up €461,186 (+508.1%), from €90,762 to €551,949
- Debts after one year +€399,500
up €399,500 (+17.1%), from €2.3m to €2.7m
- Other debts -€142,309
down €142,309 (-99.2%), from €143,388 to €1,080
- Reserves +€89,248
up €89,248 (+9.4%), from €952,407 to €1.0m
of which Distributable reserves: +€89,248
Income statement
- Turnover -€434,629
down €434,629 (-39.5%), from €1.1m to €665,537
- Financial income -€348,688
down €348,688 (-87.1%), from €400,250 to €51,562
- Services and other goods +€183,874
up €183,874 (+57.2%), from €321,534 to €505,408
- Taxes -€54,710
down €54,710 (-65.9%), from €83,081 to €28,371
- Financial charges +€37,323
up €37,323 (+32.7%), from €114,292 to €151,615
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.
Result 2024
€601,359
Turnover
-€434,629
Other operating income
-€872
Services and other goods
-€183,874
Staff costs
+€13,147
Depreciation
+€5,960
Provisions
-€295
Other operating charges
-€3,710
Other operating items
+€423,463
Financial income
-€348,688
Financial charges
-€37,323
Taxes
+€54,710
Result 2025
€89,248
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.
From operations
+€383,021
Investment
-€762,760
Financing
+€395,216
Cash 2024
€5,818
From operations (derived)
+€383,021
Net result for the year
+€89,248
Depreciation
+€108,047
Receivables within one year
-€111,164
Deferred charges and accrued income
+€1,981
Provisions
-€11,119
Trade debts
+€461,186
Tax, wage and social debts
-€12,520
Other debts
-€142,309
Accrued charges and deferred income
-€330
Investment (derived)
-€762,760
Investment in fixed assets (net)
-€762,760
Financing
+€395,216
Debts after one year
+€399,500
Current portion of long-term debt
-€4,183
Short-term financial debts
-€100
Cash 2025
€21,294
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,975,243 | €5,754,616 | +€779,373 | +15.7% |
| Formation expenses | 20 | €14,246 | €14,246 | = | 0.0% |
| Fixed assets | 21/28 | €4,252,850 | €4,907,564 | +€654,714 | +15.4% |
| Tangible fixed assets | 22/27 | €1,122,223 | €984,523 | -€137,700 | -12.3% |
| Land and buildings | 22 | €1,103,220 | €972,497 | -€130,722 | -11.8% |
| Leasing and similar rights | 25 | €19,003 | €12,025 | -€6,978 | -36.7% |
| Financial fixed assets | 28 | €3,130,627 | €3,923,041 | +€792,414 | +25.3% |
| Affiliated companies | 280/1 | €3,130,477 | €3,922,891 | +€792,414 | +25.3% |
| Participating interests | 280 | €3,030,477 | €3,822,891 | +€792,414 | +26.1% |
| Amounts receivable | 281 | €100,000 | €100,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €150 | €150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €708,146 | €832,806 | +€124,660 | +17.6% |
| Amounts receivable within one year | 40/41 | €699,271 | €810,435 | +€111,164 | +15.9% |
| Trade receivables | 40 | €682,850 | €625,673 | -€57,177 | -8.4% |
| Other amounts receivable | 41 | €16,421 | €184,762 | +€168,342 | +1025.2% |
| Cash at bank and in hand | 54/58 | €5,818 | €21,294 | +€15,477 | +266.0% |
| Deferred charges and accrued income | 490/1 | €3,058 | €1,077 | -€1,981 | -64.8% |
| Total equity and liabilities | 10/49 | €4,975,243 | €5,754,616 | +€779,373 | +15.7% |
| Equity | 10/15 | €1,566,392 | €1,655,640 | +€89,248 | +5.7% |
| Contributions | 10/11 | €613,985 | €613,985 | = | 0.0% |
| Capital | 10 | €613,985 | €613,985 | = | 0.0% |
| Issued capital | 100 | €613,985 | €613,985 | = | 0.0% |
| Reserves | 13 | €952,407 | €1,041,656 | +€89,248 | +9.4% |
| Non-distributable reserves | 130/1 | €61,398 | €61,398 | = | 0.0% |
| Legal reserve | 130 | €61,398 | €61,398 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €872,259 | €961,507 | +€89,248 | +10.2% |
| Provisions and deferred taxes | 16 | €283,630 | €272,510 | -€11,119 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €283,630 | €272,510 | -€11,119 | -3.9% |
| Pensions and similar obligations | 160 | €283,630 | €272,510 | -€11,119 | -3.9% |
| Amounts payable | 17/49 | €3,125,221 | €3,826,466 | +€701,245 | +22.4% |
| Amounts payable after more than one year | 17 | €2,342,875 | €2,742,375 | +€399,500 | +17.1% |
| Financial debts | 170/4 | €2,342,875 | €2,742,375 | +€399,500 | +17.1% |
| Leasing and similar obligations | 172 | €6,143 | - | -€6,143 | |
| Credit institutions | 173 | €2,336,732 | €2,742,375 | +€405,643 | +17.4% |
| Amounts payable within one year | 42/48 | €781,145 | €1,083,220 | +€302,075 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €335,126 | €330,942 | -€4,183 | -1.2% |
| Financial debts | 43 | €129,422 | €129,322 | -€100 | -0.1% |
| Credit institutions | 430/8 | €129,422 | €129,322 | -€100 | -0.1% |
| Trade debts | 44 | €90,762 | €551,949 | +€461,186 | +508.1% |
| Suppliers | 440/4 | €90,762 | €551,949 | +€461,186 | +508.1% |
| Taxes, remuneration and social security | 45 | €82,447 | €69,927 | -€12,520 | -15.2% |
| Taxes | 450/3 | €35,468 | €26,575 | -€8,894 | -25.1% |
| Remuneration and social security | 454/9 | €46,979 | €43,353 | -€3,626 | -7.7% |
| Other amounts payable | 47/48 | €143,388 | €1,080 | -€142,309 | -99.2% |
| Accrued charges and deferred income | 492/3 | €1,200 | €870 | -€330 | -27.5% |
| Operating income | 70/76A | €1,119,872 | €1,107,834 | -€12,038 | -1.1% |
| Turnover | 70 | €1,100,166 | €665,537 | -€434,629 | -39.5% |
| Other operating income | 74 | €12,822 | €11,950 | -€872 | -6.8% |
| Non-recurring operating income | 76A | €6,884 | €430,346 | +€423,463 | +6151.9% |
| Operating charges | 60/66A | €721,391 | €890,163 | +€168,772 | +23.4% |
| Services and other goods | 61 | €321,534 | €505,408 | +€183,874 | +57.2% |
| Remuneration, social security and pensions | 62 | €252,695 | €239,548 | -€13,147 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,007 | €108,047 | -€5,960 | -5.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,414 | -€11,119 | +€295 | +2.6% |
| Other operating charges | 640/8 | €44,569 | €48,279 | +€3,710 | +8.3% |
| Operating profit (loss) | 9901 | €398,481 | €217,671 | -€180,810 | -45.4% |
| Financial income | 75/76B | €400,250 | €51,562 | -€348,688 | -87.1% |
| Recurring financial income | 75 | €400,250 | €51,562 | -€348,688 | -87.1% |
| Income from financial fixed assets | 750 | €400,250 | €51,500 | -€348,750 | -87.1% |
| Income from current assets | 751 | €0 | €55 | +€54 | +33993.8% |
| Other financial income | 752/9 | - | €8 | +€8 | |
| Financial charges | 65/66B | €114,292 | €151,615 | +€37,323 | +32.7% |
| Recurring financial charges | 65 | €114,292 | €151,615 | +€37,323 | +32.7% |
| Debt charges | 650 | €106,448 | €147,049 | +€40,602 | +38.1% |
| Other financial charges | 652/9 | €7,844 | €4,565 | -€3,279 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €684,439 | €117,619 | -€566,821 | -82.8% |
| Income taxes | 67/77 | €83,081 | €28,371 | -€54,710 | -65.9% |
| Taxes | 670/3 | €83,081 | €28,371 | -€54,710 | -65.9% |
| Profit (loss) for the period | 9904 | €601,359 | €89,248 | -€512,111 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €601,359 | €89,248 | -€512,111 | -85.2% |
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 7 October 2026 via checked.be.