WMC: 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.
WMC
Largest movements
- Receivables within one year +€85,416
up €85,416 (+47.8%), from €178,850 to €264,266
of which Other amounts receivable: +€64,805
- Cash +€76,764
up €76,764 (+1,234%), from €6,218 to €82,982
mainly Net result for the year (+€167,420) and Other debts (+€155,825)
- Other debts +€155,825
up €155,825 (+65.2%), from €239,175 to €395,000
- Tax, wage and social debts +€7,914
up €7,914 (+21.8%), from €36,286 to €44,200
of which Taxes: +€5,566
- Gross operating margin +€42,028
up €42,028 (+117%), from €35,905 to €77,933
- Financial income +€11,460
up €11,460 (+11.7%), from €98,040 to €109,500
- Taxes -€3,960
down €3,960 (-19.4%), from €20,453 to €16,493
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 | €410,431 | €572,331 | +€161,899 | +39.4% |
| Fixed assets | 21/28 | €206,286 | €204,111 | -€2,175 | -1.1% |
| Tangible fixed assets | 22/27 | €6,286 | €4,111 | -€2,175 | -34.6% |
| Furniture and vehicles | 24 | €6,286 | €4,111 | -€2,175 | -34.6% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €204,146 | €368,220 | +€164,074 | +80.4% |
| Amounts receivable within one year | 40/41 | €178,850 | €264,266 | +€85,416 | +47.8% |
| Trade receivables | 40 | - | €20,611 | +€20,611 | |
| Other amounts receivable | 41 | €178,850 | €243,655 | +€64,805 | +36.2% |
| Cash at bank and in hand | 54/58 | €6,218 | €82,982 | +€76,764 | +1,234% |
| Deferred charges and accrued income | 490/1 | €19,077 | €20,972 | +€1,894 | +9.9% |
| Total equity and liabilities | 10/49 | €410,431 | €572,331 | +€161,899 | +39.4% |
| Equity | 10/15 | €132,230 | €132,651 | +€420 | +0.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €110,900 | €111,875 | +€975 | +0.9% |
| Distributable reserves | 133 | €110,900 | €111,875 | +€975 | +0.9% |
| Profit (loss) carried forward | 14 | €870 | €316 | -€555 | -63.7% |
| Amounts payable | 17/49 | €278,201 | €439,680 | +€161,479 | +58.0% |
| Amounts payable within one year | 42/48 | €278,201 | €439,680 | +€161,479 | +58.0% |
| Trade debts | 44 | €2,739 | €480 | -€2,259 | -82.5% |
| Suppliers | 440/4 | €2,739 | €480 | -€2,259 | -82.5% |
| Taxes, remuneration and social security | 45 | €36,286 | €44,200 | +€7,914 | +21.8% |
| Taxes | 450/3 | €36,286 | €41,852 | +€5,566 | +15.3% |
| Remuneration and social security | 454/9 | - | €2,348 | +€2,348 | |
| Other amounts payable | 47/48 | €239,175 | €395,000 | +€155,825 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €2,175 | +€160 | +7.9% |
| Other operating charges | 640/8 | €387 | €1,100 | +€712 | +184% |
| Gross operating margin | 9900 | €35,905 | €77,933 | +€42,028 | +117% |
| Operating profit (loss) | 9901 | €33,503 | €74,659 | +€41,155 | +123% |
| Financial income | 75/76B | €98,040 | €109,500 | +€11,460 | +11.7% |
| Recurring financial income | 75 | €98,040 | €109,500 | +€11,460 | +11.7% |
| Financial charges | 65/66B | €40 | €246 | +€206 | +513% |
| Recurring financial charges | 65 | €40 | €246 | +€206 | +513% |
| Profit (loss) for the period before taxes | 9903 | €131,504 | €183,913 | +€52,410 | +39.9% |
| Income taxes | 67/77 | €20,453 | €16,493 | -€3,960 | -19.4% |
| Profit (loss) for the period | 9904 | €111,051 | €167,420 | +€56,369 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,051 | €167,420 | +€56,369 | +50.8% |
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 14 October 2026 via checked.be.