WM3E: 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.
WM3E
Largest movements
- Receivables after one year +€90,000
new in 2025: €90,000
- Cash -€57,885
down €57,885 (-26.5%), from €218,466 to €160,580
mainly Receivables after one year (-€90,000) and Receivables within one year (-€22,121)
- Receivables within one year +€22,121
up €22,121 (+62.9%), from €35,193 to €57,314
- Reserves +€59,855
up €59,855 (+32.3%), from €185,511 to €245,367
- Gross operating margin -€21,576
down €21,576 (-20.6%), from €104,982 to €83,407
- Taxes -€4,902
down €4,902 (-16.7%), from €29,327 to €24,424
- Financial income +€1,815
up €1,815 (+18145500.0%), from €0 to €1,815
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 | €262,450 | €317,578 | +€55,128 | +21.0% |
| Fixed assets | 21/28 | €6,885 | €7,696 | +€811 | +11.8% |
| Tangible fixed assets | 22/27 | €6,885 | €7,696 | +€811 | +11.8% |
| Furniture and vehicles | 24 | - | €1,090 | +€1,090 | |
| Other tangible fixed assets | 26 | €6,885 | €6,606 | -€279 | -4.0% |
| Current assets | 29/58 | €255,565 | €309,882 | +€54,317 | +21.3% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €35,193 | €57,314 | +€22,121 | +62.9% |
| Trade receivables | 40 | €35,193 | €57,314 | +€22,121 | +62.9% |
| Cash at bank and in hand | 54/58 | €218,466 | €160,580 | -€57,885 | -26.5% |
| Deferred charges and accrued income | 490/1 | €1,907 | €1,988 | +€81 | +4.3% |
| Total equity and liabilities | 10/49 | €262,450 | €317,578 | +€55,128 | +21.0% |
| Equity | 10/15 | €205,511 | €265,367 | +€59,855 | +29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €185,511 | €245,367 | +€59,855 | +32.3% |
| Distributable reserves | 133 | €185,511 | €245,367 | +€59,855 | +32.3% |
| Amounts payable | 17/49 | €56,939 | €52,212 | -€4,727 | -8.3% |
| Amounts payable within one year | 42/48 | €56,939 | €52,212 | -€4,727 | -8.3% |
| Trade debts | 44 | €3,501 | €513 | -€2,988 | -85.3% |
| Suppliers | 440/4 | €3,501 | €513 | -€2,988 | -85.3% |
| Taxes, remuneration and social security | 45 | €53,114 | €51,080 | -€2,034 | -3.8% |
| Taxes | 450/3 | €53,114 | €48,080 | -€5,034 | -9.5% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €324 | €618 | +€294 | +90.8% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €345 | +€266 | +335.6% |
| Other operating charges | 640/8 | €62 | €400 | +€338 | +544.0% |
| Gross operating margin | 9900 | €104,982 | €83,407 | -€21,576 | -20.6% |
| Operating profit (loss) | 9901 | €104,841 | €82,662 | -€22,179 | -21.2% |
| Financial income | 75/76B | €0 | €1,815 | +€1,815 | +18145500.0% |
| Recurring financial income | 75 | €0 | €1,815 | +€1,815 | +18145500.0% |
| Financial charges | 65/66B | €191 | €197 | +€6 | +3.1% |
| Recurring financial charges | 65 | €191 | €197 | +€6 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €104,650 | €84,280 | -€20,370 | -19.5% |
| Income taxes | 67/77 | €29,327 | €24,424 | -€4,902 | -16.7% |
| Profit (loss) for the period | 9904 | €75,323 | €59,855 | -€15,468 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,323 | €59,855 | -€15,468 | -20.5% |
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 10 October 2026 via checked.be.