WMG.pro: 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.
WMG.pro
Largest movements
- Receivables after one year +€1.2m
up €1.2m (+168.0%), from €701,573 to €1.9m
- Receivables within one year -€713,343
down €713,343 (-80.3%), from €887,821 to €174,478
of which Trade receivables: -€586,131
- Intangible fixed assets +€111,428
up €111,428 (+66.8%), from €166,816 to €278,244
- Cash -€89,384
down €89,384 (-12.2%), from €732,862 to €643,478
mainly Contributions, distributions and other (-€1.4m) and Receivables after one year (-€1.2m)
- Reserves -€1.1m
down €1.1m (-72.5%), from €1.5m to €423,651
of which Distributable reserves: -€1.1m
- Other debts +€802,225
up €802,225 (+166.7%), from €481,234 to €1.3m
- Debts after one year +€664,519
up €664,519 (+243.8%), from €272,587 to €937,106
of which Other amounts payable: +€735,828
- Tax, wage and social debts +€124,371
up €124,371 (+164.7%), from €75,534 to €199,905
- Gross operating margin +€150,065
up €150,065 (+59.9%), from €250,647 to €400,712
- Taxes +€51,392
up €51,392 (+58.3%), from €88,163 to €139,555
- Financial charges +€12,681
up €12,681 (+41.1%), from €30,835 to €43,516
- Financial income +€8,973
up €8,973 (+14.4%), from €62,238 to €71,211
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 | €3,655,092 | €4,156,104 | +€501,013 | +13.7% |
| Fixed assets | 21/28 | €1,278,592 | €1,389,999 | +€111,407 | +8.7% |
| Intangible fixed assets | 21 | €166,816 | €278,244 | +€111,428 | +66.8% |
| Tangible fixed assets | 22/27 | €93,000 | €73,984 | -€19,015 | -20.4% |
| Furniture and vehicles | 24 | €83,725 | €65,160 | -€18,565 | -22.2% |
| Other tangible fixed assets | 26 | €9,274 | €8,824 | -€450 | -4.9% |
| Financial fixed assets | 28 | €1,018,776 | €1,037,771 | +€18,995 | +1.9% |
| Current assets | 29/58 | €2,376,500 | €2,766,106 | +€389,606 | +16.4% |
| Amounts receivable after more than one year | 29 | €701,573 | €1,879,913 | +€1.2m | +168.0% |
| Other amounts receivable | 291 | €701,573 | €1,879,913 | +€1.2m | +168.0% |
| Amounts receivable within one year | 40/41 | €887,821 | €174,478 | -€713,343 | -80.3% |
| Trade receivables | 40 | €760,610 | €174,478 | -€586,131 | -77.1% |
| Other amounts receivable | 41 | €127,212 | €0 | -€127,212 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €732,862 | €643,478 | -€89,384 | -12.2% |
| Deferred charges and accrued income | 490/1 | €54,244 | €68,237 | +€13,992 | +25.8% |
| Total equity and liabilities | 10/49 | €3,655,092 | €4,156,104 | +€501,013 | +13.7% |
| Equity | 10/15 | €2,708,272 | €1,593,469 | -€1.1m | -41.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,538,454 | €423,651 | -€1.1m | -72.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,536,594 | €421,791 | -€1.1m | -72.6% |
| Profit (loss) carried forward | 14 | €1,157,418 | €1,157,418 | = | 0.0% |
| Amounts payable | 17/49 | €946,820 | €2,562,636 | +€1.6m | +170.7% |
| Amounts payable after more than one year | 17 | €272,587 | €937,106 | +€664,519 | +243.8% |
| Financial debts | 170/4 | €272,587 | €201,278 | -€71,310 | -26.2% |
| Other amounts payable | 178/9 | - | €735,828 | +€735,828 | |
| Amounts payable within one year | 42/48 | €655,865 | €1,591,146 | +€935,281 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | €69,142 | €71,310 | +€2,167 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €29,955 | €36,473 | +€6,518 | +21.8% |
| Suppliers | 440/4 | €29,955 | €36,473 | +€6,518 | +21.8% |
| Taxes, remuneration and social security | 45 | €75,534 | €199,905 | +€124,371 | +164.7% |
| Taxes | 450/3 | €75,534 | €199,905 | +€124,371 | +164.7% |
| Other amounts payable | 47/48 | €481,234 | €1,283,459 | +€802,225 | +166.7% |
| Accrued charges and deferred income | 492/3 | €18,368 | €34,383 | +€16,016 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,310 | €24,306 | -€4 | 0.0% |
| Other operating charges | 640/8 | €5,668 | €6,098 | +€430 | +7.6% |
| Non-recurring operating charges | 66A | - | €568 | +€568 | |
| Gross operating margin | 9900 | €250,647 | €400,712 | +€150,065 | +59.9% |
| Operating profit (loss) | 9901 | €220,669 | €369,740 | +€149,071 | +67.6% |
| Financial income | 75/76B | €62,238 | €71,211 | +€8,973 | +14.4% |
| Recurring financial income | 75 | €62,238 | €71,211 | +€8,973 | +14.4% |
| Financial charges | 65/66B | €30,835 | €43,516 | +€12,681 | +41.1% |
| Recurring financial charges | 65 | €30,835 | €43,516 | +€12,681 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €252,073 | €397,435 | +€145,362 | +57.7% |
| Income taxes | 67/77 | €88,163 | €139,555 | +€51,392 | +58.3% |
| Profit (loss) for the period | 9904 | €163,910 | €257,880 | +€93,970 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €163,910 | €257,880 | +€93,970 | +57.3% |
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 7 October 2026 via checked.be.