WMAP: 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.
WMAP
Largest movements
- Current investments +€105,833
up €105,833 (+106%), from €100,000 to €205,833
- Cash -€90,963
down €90,963 (-44.3%), from €205,534 to €114,571
mainly Current investments (-€105,833) and Investment in fixed assets (net) (-€15,354)
- Tangible fixed assets +€13,867
up €13,867 (+579%), from €2,396 to €16,263
of which Land and buildings: +€14,750
- Receivables within one year +€8,142
up €8,142 (+133%), from €6,099 to €14,240
of which Other amounts receivable: +€4,500
- Reserves +€30,960
up €30,960 (+10.7%), from €289,142 to €320,101
of which Distributable reserves: +€30,960
- Tax, wage and social debts +€7,578
up €7,578 (+148%), from €5,103 to €12,681
of which Taxes: +€6,078
- Gross operating margin -€11,712
down €11,712 (-24.7%), from €47,332 to €35,620
- Taxes -€2,403
down €2,403 (-23.7%), from €10,135 to €7,732
- Depreciation +€781
up €781 (+111%), from €706 to €1,487
- Provisions +€750
up €750, from -€750 to €0
- Other operating charges -€529
down €529 (-44.7%), from €1,183 to €654
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 | €317,389 | €354,345 | +€36,957 | +11.6% |
| Fixed assets | 21/28 | €3,896 | €17,763 | +€13,867 | +356% |
| Tangible fixed assets | 22/27 | €2,396 | €16,263 | +€13,867 | +579% |
| Land and buildings | 22 | - | €14,750 | +€14,750 | |
| Furniture and vehicles | 24 | €2,396 | €1,513 | -€883 | -36.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €313,493 | €336,582 | +€23,090 | +7.4% |
| Amounts receivable within one year | 40/41 | €6,099 | €14,240 | +€8,142 | +133% |
| Trade receivables | 40 | €6,099 | €9,740 | +€3,642 | +59.7% |
| Other amounts receivable | 41 | - | €4,500 | +€4,500 | |
| Current investments | 50/53 | €100,000 | €205,833 | +€105,833 | +106% |
| Cash at bank and in hand | 54/58 | €205,534 | €114,571 | -€90,963 | -44.3% |
| Deferred charges and accrued income | 490/1 | €1,860 | €1,938 | +€78 | +4.2% |
| Total equity and liabilities | 10/49 | €317,389 | €354,345 | +€36,957 | +11.6% |
| Equity | 10/15 | €308,377 | €338,651 | +€30,274 | +9.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €289,142 | €320,101 | +€30,960 | +10.7% |
| Tax-exempt reserves | 132 | €10,379 | €10,379 | = | 0.0% |
| Distributable reserves | 133 | €278,762 | €309,722 | +€30,960 | +11.1% |
| Profit (loss) carried forward | 14 | €685 | €0 | -€685 | -100% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €9,012 | €15,694 | +€6,682 | +74.1% |
| Amounts payable within one year | 42/48 | €8,262 | €14,944 | +€6,682 | +80.9% |
| Trade debts | 44 | - | €324 | +€324 | |
| Suppliers | 440/4 | - | €324 | +€324 | |
| Taxes, remuneration and social security | 45 | €5,103 | €12,681 | +€7,578 | +148% |
| Taxes | 450/3 | €5,103 | €11,181 | +€6,078 | +119% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €3,158 | €1,939 | -€1,220 | -38.6% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €1,487 | +€781 | +111% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€750 | €0 | +€750 | |
| Other operating charges | 640/8 | €1,183 | €654 | -€529 | -44.7% |
| Gross operating margin | 9900 | €47,332 | €35,620 | -€11,712 | -24.7% |
| Operating profit (loss) | 9901 | €46,193 | €33,479 | -€12,715 | -27.5% |
| Financial income | 75/76B | €4,426 | €4,609 | +€183 | +4.1% |
| Recurring financial income | 75 | €4,426 | €4,609 | +€183 | +4.1% |
| Financial charges | 65/66B | €43 | €82 | +€39 | +91.8% |
| Recurring financial charges | 65 | €43 | €82 | +€39 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | €50,577 | €38,007 | -€12,571 | -24.9% |
| Income taxes | 67/77 | €10,135 | €7,732 | -€2,403 | -23.7% |
| Profit (loss) for the period | 9904 | €40,442 | €30,274 | -€10,167 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,442 | €30,274 | -€10,167 | -25.1% |
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 25 October 2026 via checked.be.