WM CONSTRUCT: 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.
WM CONSTRUCT
Largest movements
- Tangible fixed assets +€828,169
up €828,169 (+42.2%), from €2.0m to €2.8m
of which Land and buildings: +€735,863
- Receivables within one year -€29,224
down €29,224 (-61.9%), from €47,241 to €18,016
of which Other amounts receivable: -€47,224
- Debts after one year +€633,739
up €633,739 (+42.5%), from €1.5m to €2.1m
- Trade debts +€122,805
up €122,805 (+58.6%), from €209,679 to €332,484
- Current portion of long-term debt +€117,779
new in 2025: €117,779
- Profit (loss) carried forward -€84,991
down €84,991 (-131.3%), from -€64,735 to -€149,725
- Gross operating margin +€141,156
up €141,156, from -€17,317 to €123,839
- Depreciation +€103,132
up €103,132 (+415.0%), from €24,852 to €127,984
- Financial charges +€62,254
up €62,254 (+344.2%), from €18,087 to €80,341
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 | €2,072,336 | €2,883,612 | +€811,276 | +39.1% |
| Fixed assets | 21/28 | €1,962,767 | €2,790,936 | +€828,169 | +42.2% |
| Tangible fixed assets | 22/27 | €1,962,767 | €2,790,936 | +€828,169 | +42.2% |
| Land and buildings | 22 | €1,828,613 | €2,564,476 | +€735,863 | +40.2% |
| Plant, machinery and equipment | 23 | €85,998 | €119,327 | +€33,328 | +38.8% |
| Furniture and vehicles | 24 | €48,156 | €107,134 | +€58,978 | +122.5% |
| Current assets | 29/58 | €109,569 | €92,676 | -€16,893 | -15.4% |
| Amounts receivable within one year | 40/41 | €47,241 | €18,016 | -€29,224 | -61.9% |
| Trade receivables | 40 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | €47,241 | €16 | -€47,224 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,936 | €36,383 | +€17,447 | +92.1% |
| Deferred charges and accrued income | 490/1 | €43,392 | €38,276 | -€5,116 | -11.8% |
| Total equity and liabilities | 10/49 | €2,072,336 | €2,883,612 | +€811,276 | +39.1% |
| Equity | 10/15 | -€54,735 | -€139,725 | -€84,991 | -155.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,735 | -€149,725 | -€84,991 | -131.3% |
| Amounts payable | 17/49 | €2,127,071 | €3,023,337 | +€896,266 | +42.1% |
| Amounts payable after more than one year | 17 | €1,491,270 | €2,125,008 | +€633,739 | +42.5% |
| Financial debts | 170/4 | €1,491,270 | €2,125,008 | +€633,739 | +42.5% |
| Amounts payable within one year | 42/48 | €635,801 | €898,329 | +€262,528 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | - | €117,779 | +€117,779 | |
| Trade debts | 44 | €209,679 | €332,484 | +€122,805 | +58.6% |
| Suppliers | 440/4 | €209,679 | €332,484 | +€122,805 | +58.6% |
| Taxes, remuneration and social security | 45 | - | €6,234 | +€6,234 | |
| Taxes | 450/3 | - | €6,234 | +€6,234 | |
| Other amounts payable | 47/48 | €426,122 | €441,832 | +€15,710 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,852 | €127,984 | +€103,132 | +415.0% |
| Other operating charges | 640/8 | €553 | €505 | -€48 | -8.7% |
| Gross operating margin | 9900 | -€17,317 | €123,839 | +€141,156 | |
| Operating profit (loss) | 9901 | -€42,722 | -€4,650 | +€38,073 | +89.1% |
| Financial charges | 65/66B | €18,087 | €80,341 | +€62,254 | +344.2% |
| Recurring financial charges | 65 | €18,087 | €80,341 | +€62,254 | +344.2% |
| Profit (loss) for the period before taxes | 9903 | -€60,810 | -€84,991 | -€24,181 | -39.8% |
| Profit (loss) for the period | 9904 | -€60,810 | -€84,991 | -€24,181 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,810 | -€84,991 | -€24,181 | -39.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.