WM CONSULTING: 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 CONSULTING
Largest movements
- Receivables after one year +€125,000
new in 2025: €125,000
- Tangible fixed assets -€68,841
down €68,841 (-7.2%), from €958,116 to €889,275
of which Land and buildings: -€46,864
- Cash -€20,178
down €20,178 (-22.1%), from €91,417 to €71,239
mainly Receivables after one year (-€125,000) and Contributions, distributions and other (-€83,278)
- Reserves +€79,855
up €79,855 (+9.4%), from €853,932 to €933,787
of which Distributable reserves: +€48,280
- Debts after one year -€28,496
down €28,496 (-14.2%), from €200,308 to €171,812
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€19,573
up €19,573 (+93.4%), from €20,963 to €40,536
of which Taxes: +€14,201
- Trade debts -€12,055
down €12,055 (-64.8%), from €18,612 to €6,557
- Gross operating margin +€66,899
up €66,899 (+13.3%), from €504,455 to €571,354
- Staff costs +€46,856
up €46,856 (+38.3%), from €122,260 to €169,116
- Depreciation +€19,692
up €19,692 (+15.8%), from €124,792 to €144,484
- Financial income -€10,289
down €10,289 (-76.9%), from €13,384 to €3,095
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 | €1,161,027 | €1,192,505 | +€31,478 | +2.7% |
| Fixed assets | 21/28 | €958,257 | €889,416 | -€68,841 | -7.2% |
| Tangible fixed assets | 22/27 | €958,116 | €889,275 | -€68,841 | -7.2% |
| Land and buildings | 22 | €697,363 | €650,499 | -€46,864 | -6.7% |
| Plant, machinery and equipment | 23 | €13,910 | €18,910 | +€5,000 | +35.9% |
| Furniture and vehicles | 24 | €246,843 | €219,866 | -€26,977 | -10.9% |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €202,770 | €303,089 | +€100,319 | +49.5% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Amounts receivable within one year | 40/41 | €77,875 | €69,741 | -€8,134 | -10.4% |
| Trade receivables | 40 | €73,548 | €52,434 | -€21,114 | -28.7% |
| Other amounts receivable | 41 | €4,327 | €17,307 | +€12,980 | +300% |
| Cash at bank and in hand | 54/58 | €91,417 | €71,239 | -€20,178 | -22.1% |
| Deferred charges and accrued income | 490/1 | €33,478 | €37,109 | +€3,631 | +10.8% |
| Total equity and liabilities | 10/49 | €1,161,027 | €1,192,505 | +€31,478 | +2.7% |
| Equity | 10/15 | €853,932 | €933,787 | +€79,855 | +9.4% |
| Reserves | 13 | €853,932 | €933,787 | +€79,855 | +9.4% |
| Tax-exempt reserves | 132 | €18,750 | €50,325 | +€31,575 | +168% |
| Distributable reserves | 133 | €835,182 | €883,462 | +€48,280 | +5.8% |
| Amounts payable | 17/49 | €307,095 | €258,718 | -€48,377 | -15.8% |
| Amounts payable after more than one year | 17 | €200,308 | €171,812 | -€28,496 | -14.2% |
| Financial debts | 170/4 | €200,308 | €171,812 | -€28,496 | -14.2% |
| Amounts payable within one year | 42/48 | €101,259 | €84,686 | -€16,573 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €36,351 | €37,593 | +€1,242 | +3.4% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €18,612 | €6,557 | -€12,055 | -64.8% |
| Suppliers | 440/4 | €18,612 | €6,557 | -€12,055 | -64.8% |
| Taxes, remuneration and social security | 45 | €20,963 | €40,536 | +€19,573 | +93.4% |
| Taxes | 450/3 | €5,638 | €19,839 | +€14,201 | +252% |
| Remuneration and social security | 454/9 | €15,325 | €20,697 | +€5,372 | +35.1% |
| Other amounts payable | 47/48 | €333 | - | -€333 | |
| Accrued charges and deferred income | 492/3 | €5,528 | €2,220 | -€3,308 | -59.8% |
| Non-recurring operating income | 76A | - | €3,042 | +€3,042 | |
| Remuneration, social security and pensions | 62 | €122,260 | €169,116 | +€46,856 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,792 | €144,484 | +€19,692 | +15.8% |
| Other operating charges | 640/8 | €8,029 | €8,609 | +€580 | +7.2% |
| Gross operating margin | 9900 | €504,455 | €571,354 | +€66,899 | +13.3% |
| Operating profit (loss) | 9901 | €249,374 | €249,145 | -€229 | -0.1% |
| Financial income | 75/76B | €13,384 | €3,095 | -€10,289 | -76.9% |
| Recurring financial income | 75 | €13,384 | €3,095 | -€10,289 | -76.9% |
| Financial charges | 65/66B | €13,666 | €10,552 | -€3,114 | -22.8% |
| Recurring financial charges | 65 | €13,666 | €10,552 | -€3,114 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €249,092 | €241,688 | -€7,404 | -3.0% |
| Income taxes | 67/77 | €81,452 | €78,555 | -€2,897 | -3.6% |
| Profit (loss) for the period | 9904 | €167,640 | €163,133 | -€4,507 | -2.7% |
| Transfer to tax-exempt reserves | 689 | - | €31,575 | +€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €167,640 | €131,558 | -€36,082 | -21.5% |
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 25 October 2026 via checked.be.