WM TECH: what changed
Two fiscal 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 TECH
Largest movements
- Cash +€18,499
up €18,499 (+104.3%), from €17,734 to €36,233
mainly Net result for the year (+€17,533) and Trade debts (+€11,153)
- Receivables within one year +€10,107
up €10,107 (+36.3%), from €27,829 to €37,936
of which Trade receivables: +€10,804
- Tangible fixed assets -€5,294
down €5,294 (-15.9%), from €33,228 to €27,934
of which Furniture and vehicles: -€5,585
- Reserves +€17,000
up €17,000 (+191.9%), from €8,860 to €25,860
- Trade debts +€11,153
up €11,153 (+235.8%), from €4,730 to €15,883
- Debts after one year -€5,806
down €5,806 (-26.6%), from €21,787 to €15,981
- Tax, wage and social debts +€5,635
up €5,635 (+111.2%), from €5,065 to €10,700
of which Taxes: +€3,935
- Other debts -€5,515
down €5,515 (-100.0%), from €5,515 to €0
- Gross operating margin +€28,372
up €28,372 (+341.0%), from €8,321 to €36,693
- Taxes +€8,441
up €8,441 (+863.1%), from €978 to €9,418
- Depreciation +€3,845
up €3,845 (+106.0%), from €3,628 to €7,472
- Other operating charges -€2,554
down €2,554 (-68.7%), from €3,720 to €1,166
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 | €83,786 | €106,987 | +€23,201 | +27.7% |
| Fixed assets | 21/28 | €33,228 | €27,934 | -€5,294 | -15.9% |
| Tangible fixed assets | 22/27 | €33,228 | €27,934 | -€5,294 | -15.9% |
| Land and buildings | 22 | €2,975 | €2,479 | -€496 | -16.7% |
| Plant, machinery and equipment | 23 | €0 | €787 | +€787 | +7865700.0% |
| Furniture and vehicles | 24 | €30,253 | €24,668 | -€5,585 | -18.5% |
| Current assets | 29/58 | €50,558 | €79,054 | +€28,495 | +56.4% |
| Stocks and contracts in progress | 3 | €3,440 | €3,440 | = | 0.0% |
| Stocks | 30/36 | €3,440 | €3,440 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,829 | €37,936 | +€10,107 | +36.3% |
| Trade receivables | 40 | €22,288 | €33,093 | +€10,804 | +48.5% |
| Other amounts receivable | 41 | €5,541 | €4,844 | -€697 | -12.6% |
| Cash at bank and in hand | 54/58 | €17,734 | €36,233 | +€18,499 | +104.3% |
| Deferred charges and accrued income | 490/1 | €1,555 | €1,443 | -€111 | -7.1% |
| Total equity and liabilities | 10/49 | €83,786 | €106,987 | +€23,201 | +27.7% |
| Equity | 10/15 | €41,084 | €58,617 | +€17,533 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €25,860 | +€17,000 | +191.9% |
| Distributable reserves | 133 | €8,860 | €25,860 | +€17,000 | +191.9% |
| Profit (loss) carried forward | 14 | €13,624 | €14,157 | +€533 | +3.9% |
| Amounts payable | 17/49 | €42,702 | €48,370 | +€5,668 | +13.3% |
| Amounts payable after more than one year | 17 | €21,787 | €15,981 | -€5,806 | -26.6% |
| Financial debts | 170/4 | €21,787 | €15,981 | -€5,806 | -26.6% |
| Amounts payable within one year | 42/48 | €20,915 | €32,389 | +€11,474 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €5,605 | €5,806 | +€201 | +3.6% |
| Trade debts | 44 | €4,730 | €15,883 | +€11,153 | +235.8% |
| Suppliers | 440/4 | €4,730 | €15,883 | +€11,153 | +235.8% |
| Taxes, remuneration and social security | 45 | €5,065 | €10,700 | +€5,635 | +111.2% |
| Taxes | 450/3 | €5,065 | €9,000 | +€3,935 | +77.7% |
| Remuneration and social security | 454/9 | €0 | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €5,515 | €0 | -€5,515 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,628 | €7,472 | +€3,845 | +106.0% |
| Other operating charges | 640/8 | €3,720 | €1,166 | -€2,554 | -68.7% |
| Gross operating margin | 9900 | €8,321 | €36,693 | +€28,372 | +341.0% |
| Operating profit (loss) | 9901 | €974 | €28,055 | +€27,081 | +2781.2% |
| Financial income | 75/76B | €0 | €73 | +€73 | |
| Recurring financial income | 75 | €0 | €73 | +€73 | |
| Financial charges | 65/66B | €828 | €1,176 | +€348 | +42.1% |
| Recurring financial charges | 65 | €828 | €1,176 | +€348 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €146 | €26,952 | +€26,806 | +18376.5% |
| Income taxes | 67/77 | €978 | €9,418 | +€8,441 | +863.1% |
| Profit (loss) for the period | 9904 | -€832 | €17,533 | +€18,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€832 | €17,533 | +€18,365 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.