WMER: 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.
WMER
Largest movements
- Receivables within one year +€3,444
up €3,444 (+494.0%), from €697 to €4,141
of which Trade receivables: +€3,408
- Cash -€987
down €987 (-47.1%), from €2,098 to €1,110
mainly Receivables within one year (-€3,444) and Net result for the year (-€1,202)
- Tangible fixed assets -€348
down €348 (-34.2%), from €1,017 to €669
- Deferred charges and accrued income +€207
up €207 (+16.2%), from €1,277 to €1,483
- Other debts +€3,135
up €3,135 (+74.8%), from €4,190 to €7,325
- Profit (loss) carried forward -€1,202
down €1,202 (-16.3%), from -€7,374 to -€8,576
- Trade debts +€383
up €383 (+19.4%), from €1,972 to €2,356
- Gross operating margin +€6,550
up €6,550 (+89.7%), from -€7,300 to -€750
- Depreciation +€324
up €324 (+1363.3%), from €24 to €348
- Financial charges +€107
new in 2025: €107
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 | €5,089 | €7,404 | +€2,316 | +45.5% |
| Fixed assets | 21/28 | €1,017 | €669 | -€348 | -34.2% |
| Tangible fixed assets | 22/27 | €1,017 | €669 | -€348 | -34.2% |
| Plant, machinery and equipment | 23 | €1,017 | €669 | -€348 | -34.2% |
| Current assets | 29/58 | €4,071 | €6,735 | +€2,664 | +65.4% |
| Amounts receivable within one year | 40/41 | €697 | €4,141 | +€3,444 | +494.0% |
| Trade receivables | 40 | - | €3,408 | +€3,408 | |
| Other amounts receivable | 41 | €697 | €734 | +€37 | +5.2% |
| Cash at bank and in hand | 54/58 | €2,098 | €1,110 | -€987 | -47.1% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,483 | +€207 | +16.2% |
| Total equity and liabilities | 10/49 | €5,089 | €7,404 | +€2,316 | +45.5% |
| Equity | 10/15 | -€1,374 | -€2,576 | -€1,202 | -87.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,374 | -€8,576 | -€1,202 | -16.3% |
| Amounts payable | 17/49 | €6,463 | €9,981 | +€3,518 | +54.4% |
| Amounts payable within one year | 42/48 | €6,463 | €9,981 | +€3,518 | +54.4% |
| Trade debts | 44 | €1,972 | €2,356 | +€383 | +19.4% |
| Suppliers | 440/4 | €1,972 | €2,356 | +€383 | +19.4% |
| Taxes, remuneration and social security | 45 | €300 | €300 | = | 0.0% |
| Taxes | 450/3 | €300 | €300 | = | 0.0% |
| Other amounts payable | 47/48 | €4,190 | €7,325 | +€3,135 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €348 | +€324 | +1363.3% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | -€7,300 | -€750 | +€6,550 | +89.7% |
| Operating profit (loss) | 9901 | -€7,374 | -€1,098 | +€6,276 | +85.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | - | €107 | +€107 | |
| Recurring financial charges | 65 | - | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | -€7,374 | -€1,202 | +€6,172 | +83.7% |
| Profit (loss) for the period | 9904 | -€7,374 | -€1,202 | +€6,172 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,374 | -€1,202 | +€6,172 | +83.7% |
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 6 October 2026 via checked.be.