WMG-SERVICES: 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-SERVICES
Largest movements
- Receivables within one year -€22,896
down €22,896 (-91.9%), from €24,909 to €2,013
of which Trade receivables: -€23,303
- Tangible fixed assets -€18,804
down €18,804 (-20.8%), from €90,579 to €71,774
- Cash -€6,118
down €6,118 (-8.7%), from €70,202 to €64,084
mainly Debts after one year (-€25,694) and Advances received (-€13,915)
- Debts after one year -€25,694
down €25,694 (-74.5%), from €34,501 to €8,807
- Advances received -€13,915
down €13,915 (-92.0%), from €15,125 to €1,210
- Trade debts -€11,666
down €11,666 (-96.6%), from €12,078 to €411
- Reserves +€8,139
new in 2025: €8,139
- Tax, wage and social debts -€4,125
down €4,125 (-24.7%), from €16,694 to €12,569
- Gross operating margin -€25,820
down €25,820 (-41.5%), from €62,269 to €36,449
- Taxes -€5,721
down €5,721 (-62.6%), from €9,145 to €3,424
- Depreciation +€5,336
up €5,336 (+30.9%), from €17,287 to €22,622
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 | €185,978 | €138,230 | -€47,749 | -25.7% |
| Fixed assets | 21/28 | €90,579 | €71,774 | -€18,804 | -20.8% |
| Tangible fixed assets | 22/27 | €90,579 | €71,774 | -€18,804 | -20.8% |
| Furniture and vehicles | 24 | €90,579 | €71,774 | -€18,804 | -20.8% |
| Current assets | 29/58 | €95,399 | €66,455 | -€28,944 | -30.3% |
| Amounts receivable within one year | 40/41 | €24,909 | €2,013 | -€22,896 | -91.9% |
| Trade receivables | 40 | €24,699 | €1,396 | -€23,303 | -94.3% |
| Other amounts receivable | 41 | €210 | €617 | +€407 | +193.6% |
| Cash at bank and in hand | 54/58 | €70,202 | €64,084 | -€6,118 | -8.7% |
| Deferred charges and accrued income | 490/1 | €289 | €358 | +€70 | +24.1% |
| Total equity and liabilities | 10/49 | €185,978 | €138,230 | -€47,749 | -25.7% |
| Equity | 10/15 | €56,185 | €64,324 | +€8,139 | +14.5% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | - | €8,139 | +€8,139 | |
| Distributable reserves | 133 | - | €8,139 | +€8,139 | |
| Profit (loss) carried forward | 14 | €33,685 | €33,685 | = | 0.0% |
| Amounts payable | 17/49 | €129,793 | €73,906 | -€55,887 | -43.1% |
| Amounts payable after more than one year | 17 | €34,501 | €8,807 | -€25,694 | -74.5% |
| Financial debts | 170/4 | €34,501 | €8,807 | -€25,694 | -74.5% |
| Amounts payable within one year | 42/48 | €95,292 | €65,099 | -€30,194 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €24,639 | €25,694 | +€1,055 | +4.3% |
| Trade debts | 44 | €12,078 | €411 | -€11,666 | -96.6% |
| Suppliers | 440/4 | €12,078 | €411 | -€11,666 | -96.6% |
| Advances received on contracts in progress | 46 | €15,125 | €1,210 | -€13,915 | -92.0% |
| Taxes, remuneration and social security | 45 | €16,694 | €12,569 | -€4,125 | -24.7% |
| Taxes | 450/3 | €16,694 | €12,569 | -€4,125 | -24.7% |
| Other amounts payable | 47/48 | €26,757 | €25,215 | -€1,542 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,287 | €22,622 | +€5,336 | +30.9% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €62,269 | €36,449 | -€25,820 | -41.5% |
| Operating profit (loss) | 9901 | €44,982 | €13,707 | -€31,275 | -69.5% |
| Financial charges | 65/66B | €2,152 | €2,144 | -€8 | -0.4% |
| Recurring financial charges | 65 | €2,152 | €2,144 | -€8 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €42,830 | €11,563 | -€31,268 | -73.0% |
| Income taxes | 67/77 | €9,145 | €3,424 | -€5,721 | -62.6% |
| Profit (loss) for the period | 9904 | €33,685 | €8,139 | -€25,547 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,685 | €8,139 | -€25,547 | -75.8% |
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.