WMIS: 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.
WMIS
Largest movements
- Receivables within one year +€16,563
up €16,563 (+66.8%), from €24,796 to €41,359
of which Other amounts receivable: +€9,548
- Deferred charges and accrued income +€16,275
up €16,275 (+103.6%), from €15,702 to €31,978
- Current investments +€11,652
up €11,652 (+11.6%), from €100,795 to €112,448
- Tangible fixed assets -€8,370
down €8,370 (-4.1%), from €204,291 to €195,922
of which Other tangible fixed assets: -€13,113
- Other debts +€109,651
up €109,651 (+288.5%), from €38,013 to €147,665
- Reserves -€76,722
down €76,722 (-24.8%), from €309,333 to €232,611
- Tax, wage and social debts +€7,985
up €7,985 (+82.6%), from €9,671 to €17,657
- Gross operating margin +€31,430
up €31,430 (+37.1%), from €84,744 to €116,174
- Taxes +€6,718
up €6,718 (+32.5%), from €20,690 to €27,408
- Financial charges -€5,258
down €5,258 (-71.6%), from €7,343 to €2,084
- Depreciation +€1,266
up €1,266 (+12.4%), from €10,188 to €11,454
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 | €401,203 | €439,025 | +€37,822 | +9.4% |
| Fixed assets | 21/28 | €204,291 | €199,522 | -€4,770 | -2.3% |
| Tangible fixed assets | 22/27 | €204,291 | €195,922 | -€8,370 | -4.1% |
| Land and buildings | 22 | €188,978 | €184,834 | -€4,144 | -2.2% |
| Furniture and vehicles | 24 | €2,200 | €11,088 | +€8,888 | +404.0% |
| Other tangible fixed assets | 26 | €13,113 | €0 | -€13,113 | -100.0% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €196,912 | €239,504 | +€42,592 | +21.6% |
| Amounts receivable within one year | 40/41 | €24,796 | €41,359 | +€16,563 | +66.8% |
| Trade receivables | 40 | €19,572 | €26,587 | +€7,016 | +35.8% |
| Other amounts receivable | 41 | €5,224 | €14,772 | +€9,548 | +182.8% |
| Current investments | 50/53 | €100,795 | €112,448 | +€11,652 | +11.6% |
| Cash at bank and in hand | 54/58 | €55,618 | €53,719 | -€1,899 | -3.4% |
| Deferred charges and accrued income | 490/1 | €15,702 | €31,978 | +€16,275 | +103.6% |
| Total equity and liabilities | 10/49 | €401,203 | €439,025 | +€37,822 | +9.4% |
| Equity | 10/15 | €348,417 | €271,696 | -€76,722 | -22.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €309,333 | €232,611 | -€76,722 | -24.8% |
| Distributable reserves | 133 | €309,333 | €232,611 | -€76,722 | -24.8% |
| Profit (loss) carried forward | 14 | €26,684 | €26,684 | = | 0.0% |
| Amounts payable | 17/49 | €52,785 | €167,330 | +€114,544 | +217.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,785 | €167,330 | +€114,544 | +217.0% |
| Current portion of amounts payable after more than one year | 42 | €3,124 | €0 | -€3,124 | -100.0% |
| Trade debts | 44 | €1,976 | €2,008 | +€32 | +1.6% |
| Suppliers | 440/4 | €1,976 | €2,008 | +€32 | +1.6% |
| Taxes, remuneration and social security | 45 | €9,671 | €17,657 | +€7,985 | +82.6% |
| Taxes | 450/3 | €9,671 | €17,657 | +€7,985 | +82.6% |
| Other amounts payable | 47/48 | €38,013 | €147,665 | +€109,651 | +288.5% |
| Remuneration, social security and pensions | 62 | €39 | -€24 | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,188 | €11,454 | +€1,266 | +12.4% |
| Other operating charges | 640/8 | €1,234 | €1,376 | +€142 | +11.5% |
| Non-recurring operating charges | 66A | - | €12,252 | +€12,252 | |
| Gross operating margin | 9900 | €84,744 | €116,174 | +€31,430 | +37.1% |
| Operating profit (loss) | 9901 | €73,282 | €91,116 | +€17,834 | +24.3% |
| Financial income | 75/76B | €7,470 | €8,119 | +€650 | +8.7% |
| Recurring financial income | 75 | €7,470 | €8,119 | +€650 | +8.7% |
| Financial charges | 65/66B | €7,343 | €2,084 | -€5,258 | -71.6% |
| Recurring financial charges | 65 | €7,343 | €2,084 | -€5,258 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €73,409 | €97,151 | +€23,742 | +32.3% |
| Income taxes | 67/77 | €20,690 | €27,408 | +€6,718 | +32.5% |
| Profit (loss) for the period | 9904 | €52,719 | €69,743 | +€17,024 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,719 | €69,743 | +€17,024 | +32.3% |
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 10 October 2026 via checked.be.