WM SERVICES: what changed
What changed
WM SERVICES
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€85,956
2024 · €138,327-€52,370
Equity
€238,437
2024 · €152,481+€85,956
Cash
€77,309
2024 · €29,263+€48,046
Balance sheet total
€1.8m
2024 · €1.8m+€44,544
Largest movements
Assets
- Cash +€48,046
up €48,046 (+164%), from €29,263 to €77,309
mainly Net result for the year (+€85,956) and Depreciation (+€12,921)
Equity and liabilities
- Profit (loss) carried forward +€85,956
up €85,956 (+57.5%), from €149,481 to €235,437
- Debts after one year -€40,372
down €40,372 (-11.3%), from €358,502 to €318,130
Income statement
- Financial charges +€95,662
up €95,662 (+616%), from €15,524 to €111,186
- Gross operating margin +€26,040
up €26,040 (+17.2%), from €151,092 to €177,132
- Taxes -€17,755
down €17,755 (-55.7%), from €31,847 to €14,092
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€138,327
Gross operating margin
+€26,040
Depreciation
+€1,119
Other operating charges
-€503
Financial income
-€1,119
Financial charges
-€95,662
Taxes
+€17,755
Result 2025
€85,956
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€90,572
Investment
-€6,494
Financing
-€36,032
Cash 2024
€29,263
From operations (derived)
+€90,572
Net result for the year
+€85,956
Depreciation
+€12,921
Receivables within one year
-€3,377
Deferred charges and accrued income
+€452
Trade debts
+€2,727
Tax, wage and social debts
-€11,326
Other debts
+€3,219
Investment (derived)
-€6,494
Investment in fixed assets (net)
-€6,494
Financing
-€36,032
Debts after one year
-€40,372
Current portion of long-term debt
+€4,340
Cash 2025
€77,309
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,801,761 | €1,846,305 | +€44,544 | +2.5% |
| Fixed assets | 21/28 | €1,765,492 | €1,759,065 | -€6,427 | -0.4% |
| Tangible fixed assets | 22/27 | €370,492 | €364,065 | -€6,427 | -1.7% |
| Land and buildings | 22 | €291,698 | €346,532 | +€54,834 | +18.8% |
| Plant, machinery and equipment | 23 | - | €1,033 | +€1,033 | |
| Furniture and vehicles | 24 | €11,058 | - | -€11,058 | |
| Assets under construction and advance payments | 27 | €67,736 | €16,500 | -€51,236 | -75.6% |
| Financial fixed assets | 28 | €1,395,000 | €1,395,000 | = | 0.0% |
| Current assets | 29/58 | €36,269 | €87,240 | +€50,971 | +141% |
| Amounts receivable within one year | 40/41 | €6,232 | €9,609 | +€3,377 | +54.2% |
| Trade receivables | 40 | €5,703 | €1,956 | -€3,747 | -65.7% |
| Other amounts receivable | 41 | €529 | €7,653 | +€7,124 | +1,348% |
| Cash at bank and in hand | 54/58 | €29,263 | €77,309 | +€48,046 | +164% |
| Deferred charges and accrued income | 490/1 | €775 | €323 | -€452 | -58.3% |
| Total equity and liabilities | 10/49 | €1,801,761 | €1,846,305 | +€44,544 | +2.5% |
| Equity | 10/15 | €152,481 | €238,437 | +€85,956 | +56.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,481 | €235,437 | +€85,956 | +57.5% |
| Amounts payable | 17/49 | €1,649,280 | €1,607,868 | -€41,412 | -2.5% |
| Amounts payable after more than one year | 17 | €358,502 | €318,130 | -€40,372 | -11.3% |
| Financial debts | 170/4 | €358,502 | €318,130 | -€40,372 | -11.3% |
| Amounts payable within one year | 42/48 | €1,290,779 | €1,289,738 | -€1,040 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €18,324 | €22,664 | +€4,340 | +23.7% |
| Trade debts | 44 | - | €2,727 | +€2,727 | |
| Suppliers | 440/4 | - | €2,727 | +€2,727 | |
| Taxes, remuneration and social security | 45 | €31,700 | €20,374 | -€11,326 | -35.7% |
| Taxes | 450/3 | €27,950 | €16,624 | -€11,326 | -40.5% |
| Remuneration and social security | 454/9 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €1,240,754 | €1,243,973 | +€3,219 | +0.3% |
| Non-recurring operating income | 76A | - | €8,942 | +€8,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,040 | €12,921 | -€1,119 | -8.0% |
| Other operating charges | 640/8 | €2,472 | €2,975 | +€503 | +20.4% |
| Gross operating margin | 9900 | €151,092 | €177,132 | +€26,040 | +17.2% |
| Operating profit (loss) | 9901 | €134,579 | €161,235 | +€26,656 | +19.8% |
| Financial income | 75/76B | €51,118 | €49,999 | -€1,119 | -2.2% |
| Recurring financial income | 75 | €51,118 | €49,999 | -€1,119 | -2.2% |
| Financial charges | 65/66B | €15,524 | €111,186 | +€95,662 | +616% |
| Recurring financial charges | 65 | €15,524 | €111,186 | +€95,662 | +616% |
| Profit (loss) for the period before taxes | 9903 | €170,173 | €100,048 | -€70,125 | -41.2% |
| Income taxes | 67/77 | €31,847 | €14,092 | -€17,755 | -55.7% |
| Profit (loss) for the period | 9904 | €138,327 | €85,956 | -€52,370 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €138,327 | €85,956 | -€52,370 | -37.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.