WIPLAW: 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.
WIPLAW
Largest movements
- Receivables within one year +€53,835
up €53,835 (+15.5%), from €346,665 to €400,500
of which Trade receivables: +€50,071
- Tangible fixed assets +€38,658
up €38,658 (+91.7%), from €42,151 to €80,809
of which Furniture and vehicles: +€36,809
- Deferred charges and accrued income -€24,705
down €24,705 (-74.6%), from €33,101 to €8,396
- Cash -€15,405
down €15,405 (-4.6%), from €336,671 to €321,266
mainly Receivables within one year (-€53,835) and Investment in fixed assets (net) (-€50,481)
- Reserves +€82,500
up €82,500 (+46.1%), from €179,000 to €261,500
- Tax, wage and social debts -€31,429
down €31,429 (-24.2%), from €129,917 to €98,487
of which Taxes: -€25,566
- Trade debts -€28,560
down €28,560 (-14.7%), from €194,101 to €165,541
- Debts after one year +€22,262
new in 2025: €22,262
- Gross operating margin -€75,237
down €75,237 (-14.8%), from €509,278 to €434,041
- Taxes -€22,012
down €22,012 (-33.3%), from €66,004 to €43,992
- Staff costs +€7,120
up €7,120 (+2.5%), from €281,571 to €288,691
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.
Derived cash bridge
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 | €759,283 | €811,666 | +€52,383 | +6.9% |
| Fixed assets | 21/28 | €42,846 | €81,504 | +€38,658 | +90.2% |
| Tangible fixed assets | 22/27 | €42,151 | €80,809 | +€38,658 | +91.7% |
| Furniture and vehicles | 24 | €39,252 | €76,061 | +€36,809 | +93.8% |
| Other tangible fixed assets | 26 | €2,899 | €4,748 | +€1,849 | +63.8% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €716,437 | €730,162 | +€13,725 | +1.9% |
| Amounts receivable within one year | 40/41 | €346,665 | €400,500 | +€53,835 | +15.5% |
| Trade receivables | 40 | €331,101 | €381,171 | +€50,071 | +15.1% |
| Other amounts receivable | 41 | €15,565 | €19,329 | +€3,764 | +24.2% |
| Cash at bank and in hand | 54/58 | €336,671 | €321,266 | -€15,405 | -4.6% |
| Deferred charges and accrued income | 490/1 | €33,101 | €8,396 | -€24,705 | -74.6% |
| Total equity and liabilities | 10/49 | €759,283 | €811,666 | +€52,383 | +6.9% |
| Equity | 10/15 | €388,260 | €473,154 | +€84,894 | +21.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | €22,000 | = | 0.0% |
| Other | 1109/19 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €179,000 | €261,500 | +€82,500 | +46.1% |
| Distributable reserves | 133 | €179,000 | €261,500 | +€82,500 | +46.1% |
| Profit (loss) carried forward | 14 | €187,260 | €189,654 | +€2,394 | +1.3% |
| Amounts payable | 17/49 | €371,023 | €338,512 | -€32,511 | -8.8% |
| Amounts payable after more than one year | 17 | - | €22,262 | +€22,262 | |
| Financial debts | 170/4 | - | €22,262 | +€22,262 | |
| Amounts payable within one year | 42/48 | €364,906 | €307,015 | -€57,891 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,567 | +€6,567 | |
| Financial debts | 43 | €1,267 | €1,284 | +€17 | +1.4% |
| Other loans | 439 | €1,267 | €1,284 | +€17 | +1.4% |
| Trade debts | 44 | €194,101 | €165,541 | -€28,560 | -14.7% |
| Suppliers | 440/4 | €194,101 | €165,541 | -€28,560 | -14.7% |
| Advances received on contracts in progress | 46 | - | €3,550 | +€3,550 | |
| Taxes, remuneration and social security | 45 | €129,917 | €98,487 | -€31,429 | -24.2% |
| Taxes | 450/3 | €93,729 | €68,163 | -€25,566 | -27.3% |
| Remuneration and social security | 454/9 | €36,188 | €30,325 | -€5,863 | -16.2% |
| Other amounts payable | 47/48 | €39,622 | €31,586 | -€8,036 | -20.3% |
| Accrued charges and deferred income | 492/3 | €6,117 | €9,235 | +€3,118 | +51.0% |
| Remuneration, social security and pensions | 62 | €281,571 | €288,691 | +€7,120 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,905 | €11,823 | +€2,918 | +32.8% |
| Other operating charges | 640/8 | €5,038 | €915 | -€4,123 | -81.8% |
| Gross operating margin | 9900 | €509,278 | €434,041 | -€75,237 | -14.8% |
| Operating profit (loss) | 9901 | €213,764 | €132,612 | -€81,152 | -38.0% |
| Financial income | 75/76B | €1,523 | €2,893 | +€1,370 | +90.0% |
| Recurring financial income | 75 | €1,523 | €2,893 | +€1,370 | +90.0% |
| Financial charges | 65/66B | €3,183 | €1,218 | -€1,965 | -61.7% |
| Recurring financial charges | 65 | €3,183 | €1,218 | -€1,965 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €212,104 | €134,287 | -€77,817 | -36.7% |
| Income taxes | 67/77 | €66,004 | €43,992 | -€22,012 | -33.3% |
| Profit (loss) for the period | 9904 | €146,099 | €90,295 | -€55,805 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,099 | €90,295 | -€55,805 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.