WM SUPPLY: 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 SUPPLY
Largest movements
- Current investments +€200,101
new in 2025: €200,101
- Cash -€70,661
down €70,661 (-43.2%), from €163,404 to €92,743
mainly Current investments (-€200,101) and Stocks and contracts (-€59,812)
- Stocks and contracts +€59,812
up €59,812 (+28.6%), from €209,326 to €269,138
- Receivables within one year -€58,220
down €58,220 (-40.8%), from €142,803 to €84,583
of which Trade receivables: -€67,447
- Tangible fixed assets -€26,410
down €26,410 (-83.1%), from €31,783 to €5,373
of which Furniture and vehicles: -€24,740
- Reserves +€69,659
up €69,659 (+21.0%), from €332,247 to €401,905
- Trade debts +€26,611
up €26,611 (+196%), from €13,589 to €40,200
- Tax, wage and social debts +€6,654
up €6,654 (+7.5%), from €89,147 to €95,801
of which Taxes: +€4,790
- Gross operating margin -€78,863
down €78,863 (-31.4%), from €251,373 to €172,510
- Taxes -€34,944
down €34,944 (-48.9%), from €71,457 to €36,513
- Staff costs +€28,433
up €28,433 (+141%), from €20,139 to €48,572
- Other operating charges +€8,293
up €8,293 (+285%), from €2,914 to €11,208
- Depreciation -€3,833
down €3,833 (-58.9%), from €6,503 to €2,670
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 | €547,316 | €651,939 | +€104,624 | +19.1% |
| Fixed assets | 21/28 | €31,783 | €5,373 | -€26,410 | -83.1% |
| Tangible fixed assets | 22/27 | €31,783 | €5,373 | -€26,410 | -83.1% |
| Plant, machinery and equipment | 23 | €5,390 | €3,720 | -€1,670 | -31.0% |
| Furniture and vehicles | 24 | €26,393 | €1,653 | -€24,740 | -93.7% |
| Current assets | 29/58 | €515,533 | €646,566 | +€131,033 | +25.4% |
| Stocks and contracts in progress | 3 | €209,326 | €269,138 | +€59,812 | +28.6% |
| Stocks | 30/36 | €209,326 | €269,138 | +€59,812 | +28.6% |
| Amounts receivable within one year | 40/41 | €142,803 | €84,583 | -€58,220 | -40.8% |
| Trade receivables | 40 | €114,073 | €46,626 | -€67,447 | -59.1% |
| Other amounts receivable | 41 | €28,730 | €37,957 | +€9,228 | +32.1% |
| Current investments | 50/53 | - | €200,101 | +€200,101 | |
| Cash at bank and in hand | 54/58 | €163,404 | €92,743 | -€70,661 | -43.2% |
| Total equity and liabilities | 10/49 | €547,316 | €651,939 | +€104,624 | +19.1% |
| Equity | 10/15 | €444,580 | €514,238 | +€69,659 | +15.7% |
| Contributions | 10/11 | €112,333 | €112,333 | = | 0.0% |
| Reserves | 13 | €332,247 | €401,905 | +€69,659 | +21.0% |
| Distributable reserves | 133 | €332,247 | €401,905 | +€69,659 | +21.0% |
| Amounts payable | 17/49 | €102,736 | €137,701 | +€34,965 | +34.0% |
| Amounts payable within one year | 42/48 | €102,736 | €137,701 | +€34,965 | +34.0% |
| Trade debts | 44 | €13,589 | €40,200 | +€26,611 | +196% |
| Suppliers | 440/4 | €13,589 | €40,200 | +€26,611 | +196% |
| Taxes, remuneration and social security | 45 | €89,147 | €95,801 | +€6,654 | +7.5% |
| Taxes | 450/3 | €87,790 | €92,580 | +€4,790 | +5.5% |
| Remuneration and social security | 454/9 | €1,357 | €3,221 | +€1,864 | +137% |
| Other amounts payable | 47/48 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €20,139 | €48,572 | +€28,433 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,503 | €2,670 | -€3,833 | -58.9% |
| Other operating charges | 640/8 | €2,914 | €11,208 | +€8,293 | +285% |
| Gross operating margin | 9900 | €251,373 | €172,510 | -€78,863 | -31.4% |
| Operating profit (loss) | 9901 | €221,817 | €110,060 | -€111,756 | -50.4% |
| Financial income | 75/76B | €1,585 | €2,007 | +€422 | +26.6% |
| Recurring financial income | 75 | €1,585 | €2,007 | +€422 | +26.6% |
| Financial charges | 65/66B | €942 | €4,196 | +€3,254 | +345% |
| Recurring financial charges | 65 | €942 | €4,196 | +€3,254 | +345% |
| Profit (loss) for the period before taxes | 9903 | €222,460 | €107,872 | -€114,588 | -51.5% |
| Income taxes | 67/77 | €71,457 | €36,513 | -€34,944 | -48.9% |
| Profit (loss) for the period | 9904 | €151,002 | €71,359 | -€79,644 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,002 | €71,359 | -€79,644 | -52.7% |
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 31 October 2026 via checked.be.