WIPS: 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.
What changed
WIPS
NACE 38.330, Waste collection, recovery and disposal activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€228,591
2024 · €223,675+€4,916
Equity
€241,809
2024 · €213,218+€28,591
Cash
€484,251
2024 · €448,973+€35,278
Balance sheet total
€8.6m
2024 · €9.0m-€398,850
Largest movements
Assets
- Tangible fixed assets -€427,956
down €427,956 (-5.2%), from €8.2m to €7.8m
Equity and liabilities
- Debts after one year -€305,306
down €305,306 (-3.9%), from €7.7m to €7.4m
Income statement
- Gross operating margin -€53,429
down €53,429 (-4.7%), from €1.1m to €1.1m
- Depreciation -€50,646
down €50,646 (-12.5%), from €405,169 to €354,523
- Other operating charges -€31,840
down €31,840 (-33.0%), from €96,569 to €64,729
- Staff costs +€26,201
up €26,201 (+13.0%), from €201,455 to €227,656
- Financial income +€13,657
up €13,657 (+116.1%), from €11,762 to €25,419
of which Non-recurring financial income: +€20,000
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
€223,675
Gross operating margin
-€53,429
Staff costs
-€26,201
Depreciation
+€50,646
Other operating charges
+€31,840
Financial income
+€13,657
Financial charges
-€7,510
Taxes
-€4,088
Result 2025
€228,591
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
+€467,151
Investment
+€73,433
Financing
-€505,306
Cash 2024
€448,973
From operations (derived)
+€467,151
Net result for the year
+€228,591
Depreciation
+€354,523
Receivables within one year
+€10,155
Deferred charges and accrued income
-€3,983
Trade debts
-€41,608
Tax, wage and social debts
-€25,518
Other debts
-€60,000
Accrued charges and deferred income
+€4,991
Investment (derived)
+€73,433
Investment in fixed assets (net)
+€73,433
Financing
-€505,306
Debts after one year
-€305,306
Contributions, distributions and other
-€200,000
Cash 2025
€484,251
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,024,028 | €8,625,178 | -€398,850 | -4.4% |
| Fixed assets | 21/28 | €8,190,187 | €7,762,231 | -€427,956 | -5.2% |
| Tangible fixed assets | 22/27 | €8,190,157 | €7,762,201 | -€427,956 | -5.2% |
| Land and buildings | 22 | €5,042,895 | €4,847,054 | -€195,841 | -3.9% |
| Plant, machinery and equipment | 23 | €3,059,907 | €2,914,612 | -€145,296 | -4.7% |
| Furniture and vehicles | 24 | €87,355 | €535 | -€86,820 | -99.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €833,840 | €862,947 | +€29,106 | +3.5% |
| Amounts receivable within one year | 40/41 | €373,375 | €363,220 | -€10,155 | -2.7% |
| Trade receivables | 40 | €298,375 | €283,220 | -€15,155 | -5.1% |
| Other amounts receivable | 41 | €75,000 | €80,000 | +€5,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €448,973 | €484,251 | +€35,278 | +7.9% |
| Deferred charges and accrued income | 490/1 | €11,492 | €15,476 | +€3,983 | +34.7% |
| Total equity and liabilities | 10/49 | €9,024,028 | €8,625,178 | -€398,850 | -4.4% |
| Equity | 10/15 | €213,218 | €241,809 | +€28,591 | +13.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,018 | €173,609 | +€28,591 | +19.7% |
| Amounts payable | 17/49 | €8,810,810 | €8,383,369 | -€427,441 | -4.9% |
| Amounts payable after more than one year | 17 | €7,734,225 | €7,428,919 | -€305,306 | -3.9% |
| Financial debts | 170/4 | €7,734,225 | €7,428,919 | -€305,306 | -3.9% |
| Amounts payable within one year | 42/48 | €904,443 | €777,318 | -€127,126 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €305,306 | €305,306 | = | 0.0% |
| Trade debts | 44 | €142,456 | €100,848 | -€41,608 | -29.2% |
| Suppliers | 440/4 | €142,456 | €100,848 | -€41,608 | -29.2% |
| Taxes, remuneration and social security | 45 | €196,681 | €171,163 | -€25,518 | -13.0% |
| Taxes | 450/3 | €169,080 | €142,676 | -€26,404 | -15.6% |
| Remuneration and social security | 454/9 | €27,601 | €28,487 | +€886 | +3.2% |
| Other amounts payable | 47/48 | €260,000 | €200,000 | -€60,000 | -23.1% |
| Accrued charges and deferred income | 492/3 | €172,141 | €177,133 | +€4,991 | +2.9% |
| Remuneration, social security and pensions | 62 | €201,455 | €227,656 | +€26,201 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405,169 | €354,523 | -€50,646 | -12.5% |
| Other operating charges | 640/8 | €96,569 | €64,729 | -€31,840 | -33.0% |
| Gross operating margin | 9900 | €1,147,891 | €1,094,462 | -€53,429 | -4.7% |
| Operating profit (loss) | 9901 | €444,697 | €447,553 | +€2,857 | +0.6% |
| Financial income | 75/76B | €11,762 | €25,419 | +€13,657 | +116.1% |
| Recurring financial income | 75 | €11,762 | €5,419 | -€6,343 | -53.9% |
| Non-recurring financial income | 76B | - | €20,000 | +€20,000 | |
| Financial charges | 65/66B | €157,497 | €165,007 | +€7,510 | +4.8% |
| Recurring financial charges | 65 | €157,497 | €151,574 | -€5,923 | -3.8% |
| Non-recurring financial charges | 66B | - | €13,433 | +€13,433 | |
| Profit (loss) for the period before taxes | 9903 | €298,962 | €307,966 | +€9,004 | +3.0% |
| Income taxes | 67/77 | €75,287 | €79,375 | +€4,088 | +5.4% |
| Profit (loss) for the period | 9904 | €223,675 | €228,591 | +€4,916 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €223,675 | €228,591 | +€4,916 | +2.2% |
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 10 October 2026 via checked.be.