WP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments -€148,313
no longer reported in 2025 (was €148,313)
- Cash -€69,711
down €69,711 (-59.3%), from €117,464 to €47,753
mainly Contributions, distributions and other (-€210,649) and Receivables within one year (-€51,180)
- Receivables within one year +€51,180
up €51,180 (+203.1%), from €25,195 to €76,374
of which Other amounts receivable: +€48,930
- Tangible fixed assets -€26,722
down €26,722 (-29.7%), from €90,060 to €63,337
of which Furniture and vehicles: -€26,337
- Reserves -€192,066
down €192,066 (-64.2%), from €299,128 to €107,062
- Financial income +€63,901
up €63,901 (+4726.5%), from €1,352 to €65,253
of which Non-recurring financial income: +€62,700
- Gross operating margin -€3,032
down €3,032 (-28.7%), from -€10,560 to -€13,591
- Taxes +€1,271
up €1,271 (+137.1%), from €927 to €2,198
- Depreciation -€212
down €212 (-0.7%), from €29,190 to €28,979
- Financial charges +€191
up €191 (+16.9%), from €1,133 to €1,324
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 | €382,334 | €187,735 | -€194,599 | -50.9% |
| Fixed assets | 21/28 | €90,060 | €63,337 | -€26,722 | -29.7% |
| Tangible fixed assets | 22/27 | €90,060 | €63,337 | -€26,722 | -29.7% |
| Land and buildings | 22 | €8,392 | €7,194 | -€1,199 | -14.3% |
| Plant, machinery and equipment | 23 | - | €814 | +€814 | |
| Furniture and vehicles | 24 | €81,667 | €55,330 | -€26,337 | -32.2% |
| Current assets | 29/58 | €292,275 | €124,398 | -€167,877 | -57.4% |
| Amounts receivable within one year | 40/41 | €25,195 | €76,374 | +€51,180 | +203.1% |
| Trade receivables | 40 | - | €2,250 | +€2,250 | |
| Other amounts receivable | 41 | €25,195 | €74,124 | +€48,930 | +194.2% |
| Current investments | 50/53 | €148,313 | - | -€148,313 | |
| Cash at bank and in hand | 54/58 | €117,464 | €47,753 | -€69,711 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,303 | €271 | -€1,032 | -79.2% |
| Total equity and liabilities | 10/49 | €382,334 | €187,735 | -€194,599 | -50.9% |
| Equity | 10/15 | €358,648 | €166,582 | -€192,066 | -53.6% |
| Contributions | 10/11 | €59,520 | €59,520 | = | 0.0% |
| Reserves | 13 | €299,128 | €107,062 | -€192,066 | -64.2% |
| Distributable reserves | 133 | €299,128 | €107,062 | -€192,066 | -64.2% |
| Amounts payable | 17/49 | €23,686 | €21,153 | -€2,533 | -10.7% |
| Amounts payable within one year | 42/48 | €23,686 | €21,153 | -€2,533 | -10.7% |
| Trade debts | 44 | €2,919 | €223 | -€2,696 | -92.3% |
| Suppliers | 440/4 | €2,919 | €223 | -€2,696 | -92.3% |
| Taxes, remuneration and social security | 45 | €650 | €1,997 | +€1,347 | +207.1% |
| Taxes | 450/3 | €650 | €1,997 | +€1,347 | +207.1% |
| Other amounts payable | 47/48 | €20,117 | €18,933 | -€1,184 | -5.9% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,190 | €28,979 | -€212 | -0.7% |
| Other operating charges | 640/8 | €734 | €578 | -€157 | -21.3% |
| Gross operating margin | 9900 | -€10,560 | -€13,591 | -€3,032 | -28.7% |
| Operating profit (loss) | 9901 | -€40,485 | -€43,148 | -€2,663 | -6.6% |
| Financial income | 75/76B | €1,352 | €65,253 | +€63,901 | +4726.5% |
| Recurring financial income | 75 | €1,352 | €2,553 | +€1,201 | +88.9% |
| Non-recurring financial income | 76B | - | €62,700 | +€62,700 | |
| Financial charges | 65/66B | €1,133 | €1,324 | +€191 | +16.9% |
| Recurring financial charges | 65 | €1,133 | €1,324 | +€191 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,265 | €20,782 | +€61,047 | |
| Income taxes | 67/77 | €927 | €2,198 | +€1,271 | +137.1% |
| Profit (loss) for the period | 9904 | -€41,192 | €18,583 | +€59,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,192 | €18,583 | +€59,776 |
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 9 October 2026 via checked.be.