WMA SERVICES: what changed
WMA SERVICES
Largest movements
- Cash +€166,525
up €166,525 (+477%), from €34,910 to €201,435
mainly Net result for the year (+€161,391) and Current investments (+€58,856)
- Current investments -€58,856
down €58,856 (-24.8%), from €237,263 to €178,408
- Tangible fixed assets -€43,191
down €43,191 (-6.4%), from €674,281 to €631,091
of which Furniture and vehicles: -€26,100
- Financial fixed assets +€40,000
new in 2025: €40,000
- Receivables within one year +€19,438
up €19,438, from €0 to €19,438
of which Trade receivables: +€18,572
- Reserves +€161,391
up €161,391 (+41.8%), from €386,447 to €547,838
- Debts after one year -€59,956
down €59,956 (-13.5%), from €444,055 to €384,099
- Tax, wage and social debts +€39,800
up €39,800 (+229%), from €17,353 to €57,153
- Current portion of long-term debt -€37,013
down €37,013 (-56.6%), from €65,387 to €28,374
- Trade debts +€19,857
up €19,857 (+5,921%), from €335 to €20,193
- Gross operating margin +€108,028
up €108,028 (+58.7%), from €184,155 to €292,183
- Taxes +€42,710
up €42,710 (+157%), from €27,192 to €69,902
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,177 | €1,071,256 | +€124,079 | +13.1% |
| Fixed assets | 21/28 | €674,281 | €671,091 | -€3,191 | -0.5% |
| Tangible fixed assets | 22/27 | €674,281 | €631,091 | -€43,191 | -6.4% |
| Plant, machinery and equipment | 23 | €4,379 | €3,503 | -€876 | -20.0% |
| Furniture and vehicles | 24 | €79,955 | €53,855 | -€26,100 | -32.6% |
| Other tangible fixed assets | 26 | €589,947 | €573,732 | -€16,215 | -2.7% |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €272,896 | €400,166 | +€127,270 | +46.6% |
| Amounts receivable within one year | 40/41 | €0 | €19,438 | +€19,438 | |
| Trade receivables | 40 | €0 | €18,572 | +€18,572 | |
| Other amounts receivable | 41 | - | €866 | +€866 | |
| Current investments | 50/53 | €237,263 | €178,408 | -€58,856 | -24.8% |
| Cash at bank and in hand | 54/58 | €34,910 | €201,435 | +€166,525 | +477% |
| Deferred charges and accrued income | 490/1 | €723 | €885 | +€163 | +22.5% |
| Total equity and liabilities | 10/49 | €947,177 | €1,071,256 | +€124,079 | +13.1% |
| Equity | 10/15 | €420,047 | €581,438 | +€161,391 | +38.4% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €386,447 | €547,838 | +€161,391 | +41.8% |
| Distributable reserves | 133 | €386,447 | €547,838 | +€161,391 | +41.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €527,130 | €489,818 | -€37,312 | -7.1% |
| Amounts payable after more than one year | 17 | €444,055 | €384,099 | -€59,956 | -13.5% |
| Financial debts | 170/4 | €444,055 | €384,099 | -€59,956 | -13.5% |
| Amounts payable within one year | 42/48 | €83,075 | €105,719 | +€22,644 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €65,387 | €28,374 | -€37,013 | -56.6% |
| Trade debts | 44 | €335 | €20,193 | +€19,857 | +5,921% |
| Suppliers | 440/4 | €335 | €20,193 | +€19,857 | +5,921% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,353 | €57,153 | +€39,800 | +229% |
| Taxes | 450/3 | €17,353 | €57,153 | +€39,800 | +229% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,420 | €43,191 | -€229 | -0.5% |
| Other operating charges | 640/8 | €3,382 | €1,701 | -€1,681 | -49.7% |
| Non-recurring operating charges | 66A | - | €240 | +€240 | |
| Gross operating margin | 9900 | €184,155 | €292,183 | +€108,028 | +58.7% |
| Operating profit (loss) | 9901 | €137,353 | €247,052 | +€109,699 | +79.9% |
| Financial income | 75/76B | €4,070 | €4,439 | +€370 | +9.1% |
| Recurring financial income | 75 | €4,070 | €4,439 | +€370 | +9.1% |
| Financial charges | 65/66B | €20,617 | €20,198 | -€419 | -2.0% |
| Recurring financial charges | 65 | €20,617 | €20,198 | -€419 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €120,806 | €231,293 | +€110,487 | +91.5% |
| Income taxes | 67/77 | €27,192 | €69,902 | +€42,710 | +157% |
| Profit (loss) for the period | 9904 | €93,614 | €161,391 | +€67,777 | +72.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €93,614 | €161,391 | +€67,777 | +72.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.