WMA: 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.
WMA
Largest movements
- Cash +€54,616
up €54,616 (+766%), from €7,134 to €61,750
mainly Net result for the year (+€97,066) and Tax, wage and social debts (+€47,078)
- Current investments +€13,750
up €13,750 (+106%), from €12,917 to €26,667
- Reserves +€97,633
up €97,633 (+472%), from €20,688 to €118,320
- Debts after one year -€88,501
down €88,501 (-9.9%), from €895,767 to €807,266
- Tax, wage and social debts +€47,078
up €47,078 (+65.1%), from €72,273 to €119,352
of which Taxes: +€50,652
- Current portion of long-term debt +€15,736
up €15,736 (+19.4%), from €81,025 to €96,761
- Staff costs -€75,093
down €75,093 (-18.6%), from €404,388 to €329,295
- Gross operating margin +€52,941
up €52,941 (+11.4%), from €462,864 to €515,805
- Taxes +€32,090
up €32,090 (+863%), from €3,717 to €35,807
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 | €1,102,373 | €1,163,888 | +€61,515 | +5.6% |
| Fixed assets | 21/28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €52,373 | €113,888 | +€61,515 | +117% |
| Amounts receivable within one year | 40/41 | €30,963 | €23,697 | -€7,266 | -23.5% |
| Trade receivables | 40 | €28,363 | - | -€28,363 | |
| Other amounts receivable | 41 | €2,600 | €23,697 | +€21,097 | +811% |
| Current investments | 50/53 | €12,917 | €26,667 | +€13,750 | +106% |
| Cash at bank and in hand | 54/58 | €7,134 | €61,750 | +€54,616 | +766% |
| Deferred charges and accrued income | 490/1 | €1,360 | €1,774 | +€414 | +30.5% |
| Total equity and liabilities | 10/49 | €1,102,373 | €1,163,888 | +€61,515 | +5.6% |
| Equity | 10/15 | €26,255 | €123,320 | +€97,066 | +370% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,688 | €118,320 | +€97,633 | +472% |
| Distributable reserves | 133 | €20,688 | €118,320 | +€97,633 | +472% |
| Profit (loss) carried forward | 14 | €567 | - | -€567 | |
| Amounts payable | 17/49 | €1,076,119 | €1,040,567 | -€35,551 | -3.3% |
| Amounts payable after more than one year | 17 | €895,767 | €807,266 | -€88,501 | -9.9% |
| Financial debts | 170/4 | €895,767 | €807,266 | -€88,501 | -9.9% |
| Amounts payable within one year | 42/48 | €180,352 | €233,301 | +€52,949 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €81,025 | €96,761 | +€15,736 | +19.4% |
| Trade debts | 44 | €18,790 | €10,684 | -€8,106 | -43.1% |
| Suppliers | 440/4 | €18,790 | €10,684 | -€8,106 | -43.1% |
| Taxes, remuneration and social security | 45 | €72,273 | €119,352 | +€47,078 | +65.1% |
| Taxes | 450/3 | €29,489 | €80,141 | +€50,652 | +172% |
| Remuneration and social security | 454/9 | €42,784 | €39,211 | -€3,573 | -8.4% |
| Other amounts payable | 47/48 | €8,263 | €6,505 | -€1,758 | -21.3% |
| Remuneration, social security and pensions | 62 | €404,388 | €329,295 | -€75,093 | -18.6% |
| Other operating charges | 640/8 | €384 | €199 | -€186 | -48.4% |
| Gross operating margin | 9900 | €462,864 | €515,805 | +€52,941 | +11.4% |
| Operating profit (loss) | 9901 | €58,092 | €186,312 | +€128,220 | +221% |
| Financial income | 75/76B | €57 | €1,701 | +€1,643 | +2,861% |
| Recurring financial income | 75 | €57 | €1,701 | +€1,643 | +2,861% |
| Financial charges | 65/66B | €53,865 | €55,140 | +€1,274 | +2.4% |
| Recurring financial charges | 65 | €53,865 | €55,140 | +€1,274 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €4,284 | €132,873 | +€128,589 | +3,002% |
| Income taxes | 67/77 | €3,717 | €35,807 | +€32,090 | +863% |
| Profit (loss) for the period | 9904 | €567 | €97,066 | +€96,499 | +17,022% |
| Profit (loss) for the period to be appropriated | 9905 | €567 | €97,066 | +€96,499 | +17,022% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.