WMD: what changed
Two fiscal 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.
WMD
Largest movements
- Stocks and contracts +€14,300
up €14,300 (+49.0%), from €29,200 to €43,500
- Cash +€977
up €977 (+51.4%), from €1,901 to €2,878
mainly Trade debts (+€11,495) and Net result for the year (+€2,545)
- Receivables within one year -€787
down €787 (-72.3%), from €1,088 to €302
- Trade debts +€11,495
up €11,495 (+19.9%), from €57,656 to €69,151
- Profit (loss) carried forward +€2,545
up €2,545 (+7.2%), from -€35,356 to -€32,810
- Gross operating margin +€1,477
up €1,477 (+33.6%), from €4,396 to €5,873
- Other operating charges -€237
down €237 (-9.8%), from €2,428 to €2,191
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 | €32,190 | €46,680 | +€14,491 | +45.0% |
| Current assets | 29/58 | €32,190 | €46,680 | +€14,491 | +45.0% |
| Stocks and contracts in progress | 3 | €29,200 | €43,500 | +€14,300 | +49.0% |
| Stocks | 30/36 | €29,200 | €43,500 | +€14,300 | +49.0% |
| Amounts receivable within one year | 40/41 | €1,088 | €302 | -€787 | -72.3% |
| Other amounts receivable | 41 | €1,088 | €302 | -€787 | -72.3% |
| Cash at bank and in hand | 54/58 | €1,901 | €2,878 | +€977 | +51.4% |
| Total equity and liabilities | 10/49 | €32,190 | €46,680 | +€14,491 | +45.0% |
| Equity | 10/15 | -€29,156 | -€26,610 | +€2,545 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,356 | -€32,810 | +€2,545 | +7.2% |
| Amounts payable | 17/49 | €61,345 | €73,290 | +€11,945 | +19.5% |
| Amounts payable within one year | 42/48 | €61,345 | €73,290 | +€11,945 | +19.5% |
| Trade debts | 44 | €57,656 | €69,151 | +€11,495 | +19.9% |
| Suppliers | 440/4 | €57,656 | €69,151 | +€11,495 | +19.9% |
| Other amounts payable | 47/48 | €3,689 | €4,140 | +€450 | +12.2% |
| Other operating charges | 640/8 | €2,428 | €2,191 | -€237 | -9.8% |
| Gross operating margin | 9900 | €4,396 | €5,873 | +€1,477 | +33.6% |
| Operating profit (loss) | 9901 | €1,968 | €3,682 | +€1,714 | +87.1% |
| Financial charges | 65/66B | €1,102 | €1,137 | +€35 | +3.2% |
| Recurring financial charges | 65 | €1,102 | €1,137 | +€35 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €866 | €2,545 | +€1,679 | +194.0% |
| Profit (loss) for the period | 9904 | €866 | €2,545 | +€1,679 | +194.0% |
| Profit (loss) for the period to be appropriated | 9905 | €866 | €2,545 | +€1,679 | +194.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.