Wp-Construct: 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.
Wp-Construct
Largest movements
- Tangible fixed assets +€53,738
up €53,738 (+24.8%), from €216,448 to €270,186
of which Furniture and vehicles: +€65,166
- Receivables within one year -€29,808
down €29,808 (-46.4%), from €64,279 to €34,471
of which Other amounts receivable: -€38,937
- Reserves +€80,419
up €80,419 (+113%), from €71,407 to €151,826
- Other debts -€64,875
down €64,875 (-99.7%), from €65,043 to €168
- Current portion of long-term debt +€13,086
up €13,086 (+101%), from €13,016 to €26,102
- Tax, wage and social debts -€10,033
down €10,033 (-52.9%), from €18,955 to €8,922
of which Taxes: -€9,088
- Debts after one year +€5,850
up €5,850 (+4.3%), from €134,850 to €140,700
- Gross operating margin +€38,292
up €38,292 (+29.6%), from €129,361 to €167,653
- Depreciation +€16,422
up €16,422 (+54.6%), from €30,051 to €46,473
- Taxes +€7,151
up €7,151 (+26.4%), from €27,065 to €34,216
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 | €341,230 | €365,118 | +€23,888 | +7.0% |
| Fixed assets | 21/28 | €217,448 | €271,186 | +€53,738 | +24.7% |
| Tangible fixed assets | 22/27 | €216,448 | €270,186 | +€53,738 | +24.8% |
| Land and buildings | 22 | €122,808 | €116,640 | -€6,168 | -5.0% |
| Plant, machinery and equipment | 23 | €24,895 | €19,635 | -€5,260 | -21.1% |
| Furniture and vehicles | 24 | €68,745 | €133,911 | +€65,166 | +94.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €123,782 | €93,932 | -€29,850 | -24.1% |
| Amounts receivable within one year | 40/41 | €64,279 | €34,471 | -€29,808 | -46.4% |
| Trade receivables | 40 | €17,412 | €26,541 | +€9,129 | +52.4% |
| Other amounts receivable | 41 | €46,867 | €7,930 | -€38,937 | -83.1% |
| Cash at bank and in hand | 54/58 | €57,452 | €58,301 | +€849 | +1.5% |
| Deferred charges and accrued income | 490/1 | €2,051 | €1,160 | -€891 | -43.4% |
| Total equity and liabilities | 10/49 | €341,230 | €365,118 | +€23,888 | +7.0% |
| Equity | 10/15 | €90,007 | €170,426 | +€80,419 | +89.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,407 | €151,826 | +€80,419 | +113% |
| Distributable reserves | 133 | €71,407 | €151,826 | +€80,419 | +113% |
| Amounts payable | 17/49 | €251,223 | €194,692 | -€56,531 | -22.5% |
| Amounts payable after more than one year | 17 | €134,850 | €140,700 | +€5,850 | +4.3% |
| Financial debts | 170/4 | €134,850 | €140,700 | +€5,850 | +4.3% |
| Amounts payable within one year | 42/48 | €116,373 | €49,629 | -€66,744 | -57.4% |
| Current portion of amounts payable after more than one year | 42 | €13,016 | €26,102 | +€13,086 | +101% |
| Trade debts | 44 | €19,359 | €14,437 | -€4,922 | -25.4% |
| Suppliers | 440/4 | €19,359 | €14,437 | -€4,922 | -25.4% |
| Taxes, remuneration and social security | 45 | €18,955 | €8,922 | -€10,033 | -52.9% |
| Taxes | 450/3 | €16,548 | €7,460 | -€9,088 | -54.9% |
| Remuneration and social security | 454/9 | €2,407 | €1,462 | -€945 | -39.3% |
| Other amounts payable | 47/48 | €65,043 | €168 | -€64,875 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €4,363 | +€4,363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,051 | €46,473 | +€16,422 | +54.6% |
| Other operating charges | 640/8 | €3,843 | €2,372 | -€1,471 | -38.3% |
| Gross operating margin | 9900 | €129,361 | €167,653 | +€38,292 | +29.6% |
| Operating profit (loss) | 9901 | €95,467 | €118,808 | +€23,341 | +24.4% |
| Financial charges | 65/66B | €3,074 | €4,173 | +€1,099 | +35.8% |
| Recurring financial charges | 65 | €3,074 | €4,173 | +€1,099 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €92,393 | €114,635 | +€22,242 | +24.1% |
| Income taxes | 67/77 | €27,065 | €34,216 | +€7,151 | +26.4% |
| Profit (loss) for the period | 9904 | €65,328 | €80,419 | +€15,091 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,328 | €80,419 | +€15,091 | +23.1% |
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 20 October 2026 via checked.be.