WMI: 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.
WMI
Largest movements
- Cash +€97,771
up €97,771 (+70.4%), from €138,818 to €236,588
mainly Net result for the year (+€59,077) and Tax, wage and social debts (+€33,460)
- Tangible fixed assets -€28,880
down €28,880 (-72.6%), from €39,798 to €10,918
of which Furniture and vehicles: -€27,425
- Receivables within one year +€3,778
up €3,778 (+5.3%), from €71,549 to €75,327
of which Other amounts receivable: +€3,778
- Reserves +€59,077
up €59,077 (+36.5%), from €161,855 to €220,932
- Tax, wage and social debts +€33,460
up €33,460 (+163%), from €20,473 to €53,932
of which Taxes: +€30,960
- Trade debts -€16,473
down €16,473 (-85.9%), from €19,174 to €2,702
- Debts after one year -€12,151
down €12,151 (-66.3%), from €18,317 to €6,166
- Other debts +€6,777
up €6,777 (+176%), from €3,847 to €10,624
- Gross operating margin +€35,993
up €35,993 (+63.9%), from €56,357 to €92,350
- Taxes +€13,796
up €13,796 (+108%), from €12,729 to €26,524
- Depreciation -€12,203
down €12,203 (-75.3%), from €16,213 to €4,010
- Other operating charges +€956
up €956 (+123%), from €777 to €1,732
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 | €254,713 | €325,108 | +€70,394 | +27.6% |
| Fixed assets | 21/28 | €41,308 | €12,428 | -€28,880 | -69.9% |
| Tangible fixed assets | 22/27 | €39,798 | €10,918 | -€28,880 | -72.6% |
| Plant, machinery and equipment | 23 | €7,320 | €5,866 | -€1,455 | -19.9% |
| Furniture and vehicles | 24 | €32,478 | €5,053 | -€27,425 | -84.4% |
| Financial fixed assets | 28 | €1,510 | €1,510 | = | 0.0% |
| Current assets | 29/58 | €213,405 | €312,679 | +€99,274 | +46.5% |
| Amounts receivable within one year | 40/41 | €71,549 | €75,327 | +€3,778 | +5.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €71,549 | €75,327 | +€3,778 | +5.3% |
| Cash at bank and in hand | 54/58 | €138,818 | €236,588 | +€97,771 | +70.4% |
| Deferred charges and accrued income | 490/1 | €3,038 | €764 | -€2,274 | -74.8% |
| Total equity and liabilities | 10/49 | €254,713 | €325,108 | +€70,394 | +27.6% |
| Equity | 10/15 | €180,455 | €239,532 | +€59,077 | +32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,855 | €220,932 | +€59,077 | +36.5% |
| Distributable reserves | 133 | €161,855 | €220,932 | +€59,077 | +36.5% |
| Amounts payable | 17/49 | €74,258 | €85,575 | +€11,317 | +15.2% |
| Amounts payable after more than one year | 17 | €18,317 | €6,166 | -€12,151 | -66.3% |
| Financial debts | 170/4 | €18,317 | €6,166 | -€12,151 | -66.3% |
| Amounts payable within one year | 42/48 | €55,941 | €79,410 | +€23,468 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €12,447 | €12,151 | -€296 | -2.4% |
| Trade debts | 44 | €19,174 | €2,702 | -€16,473 | -85.9% |
| Suppliers | 440/4 | €19,174 | €2,702 | -€16,473 | -85.9% |
| Taxes, remuneration and social security | 45 | €20,473 | €53,932 | +€33,460 | +163% |
| Taxes | 450/3 | €17,973 | €48,932 | +€30,960 | +172% |
| Remuneration and social security | 454/9 | €2,500 | €5,000 | +€2,500 | +100% |
| Other amounts payable | 47/48 | €3,847 | €10,624 | +€6,777 | +176% |
| Non-recurring operating income | 76A | - | €8,486 | +€8,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,213 | €4,010 | -€12,203 | -75.3% |
| Other operating charges | 640/8 | €777 | €1,732 | +€956 | +123% |
| Gross operating margin | 9900 | €56,357 | €92,350 | +€35,993 | +63.9% |
| Operating profit (loss) | 9901 | €39,367 | €86,608 | +€47,241 | +120% |
| Financial income | 75/76B | €8 | €264 | +€256 | +3,078% |
| Recurring financial income | 75 | €8 | €264 | +€256 | +3,078% |
| Financial charges | 65/66B | €1,058 | €1,271 | +€213 | +20.1% |
| Recurring financial charges | 65 | €1,058 | €1,271 | +€213 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €38,317 | €85,601 | +€47,284 | +123% |
| Income taxes | 67/77 | €12,729 | €26,524 | +€13,796 | +108% |
| Profit (loss) for the period | 9904 | €25,589 | €59,077 | +€33,488 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €25,589 | €59,077 | +€33,488 | +131% |
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.