WPA: 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.
WPA
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€60,970
up €60,970 (+54.4%), from €112,115 to €173,085
of which Other amounts receivable: +€50,931
- Cash +€27,432
up €27,432 (+60.9%), from €45,037 to €72,470
mainly Net result for the year (+€207,671) and Other debts (+€182,600)
- Tangible fixed assets -€15,919
down €15,919 (-20.2%), from €78,896 to €62,977
of which Furniture and vehicles: -€16,934
- Other debts +€182,600
up €182,600 (+228.3%), from €79,980 to €262,580
- Reserves -€54,909
down €54,909 (-100.0%), from €54,913 to €4
- Accrued charges and deferred income +€29,778
up €29,778 (+113.0%), from €26,351 to €56,129
- Tax, wage and social debts +€24,632
up €24,632 (+63.2%), from €38,985 to €63,618
- Trade debts -€11,354
down €11,354 (-41.6%), from €27,308 to €15,954
- Gross operating margin +€122,004
up €122,004 (+72.4%), from €168,476 to €290,480
- Taxes +€32,549
up €32,549 (+97.2%), from €33,501 to €66,051
- Financial income +€5,036
up €5,036 (+454.5%), from €1,108 to €6,144
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 | €246,137 | €416,885 | +€170,747 | +69.4% |
| Fixed assets | 21/28 | €81,751 | €64,061 | -€17,690 | -21.6% |
| Intangible fixed assets | 21 | €2,855 | €1,084 | -€1,770 | -62.0% |
| Tangible fixed assets | 22/27 | €78,896 | €62,977 | -€15,919 | -20.2% |
| Plant, machinery and equipment | 23 | €440 | €1,454 | +€1,015 | +230.7% |
| Furniture and vehicles | 24 | €78,457 | €61,523 | -€16,934 | -21.6% |
| Current assets | 29/58 | €164,386 | €352,823 | +€188,437 | +114.6% |
| Amounts receivable within one year | 40/41 | €112,115 | €173,085 | +€60,970 | +54.4% |
| Trade receivables | 40 | €53,276 | €63,315 | +€10,039 | +18.8% |
| Other amounts receivable | 41 | €58,839 | €109,770 | +€50,931 | +86.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €45,037 | €72,470 | +€27,432 | +60.9% |
| Deferred charges and accrued income | 490/1 | €7,234 | €7,268 | +€34 | +0.5% |
| Total equity and liabilities | 10/49 | €246,137 | €416,885 | +€170,747 | +69.4% |
| Equity | 10/15 | €73,513 | €18,604 | -€54,909 | -74.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,913 | €4 | -€54,909 | -100.0% |
| Distributable reserves | 133 | €54,913 | €4 | -€54,909 | -100.0% |
| Amounts payable | 17/49 | €172,624 | €398,281 | +€225,657 | +130.7% |
| Amounts payable within one year | 42/48 | €146,273 | €342,152 | +€195,879 | +133.9% |
| Trade debts | 44 | €27,308 | €15,954 | -€11,354 | -41.6% |
| Suppliers | 440/4 | €27,308 | €15,954 | -€11,354 | -41.6% |
| Taxes, remuneration and social security | 45 | €38,985 | €63,618 | +€24,632 | +63.2% |
| Taxes | 450/3 | €38,985 | €63,618 | +€24,632 | +63.2% |
| Other amounts payable | 47/48 | €79,980 | €262,580 | +€182,600 | +228.3% |
| Accrued charges and deferred income | 492/3 | €26,351 | €56,129 | +€29,778 | +113.0% |
| Remuneration, social security and pensions | 62 | €1,827 | €93 | -€1,734 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,112 | €21,596 | +€1,484 | +7.4% |
| Other operating charges | 640/8 | €876 | €796 | -€80 | -9.1% |
| Gross operating margin | 9900 | €168,476 | €290,480 | +€122,004 | +72.4% |
| Operating profit (loss) | 9901 | €145,660 | €267,994 | +€122,335 | +84.0% |
| Financial income | 75/76B | €1,108 | €6,144 | +€5,036 | +454.5% |
| Recurring financial income | 75 | €1,108 | €6,144 | +€5,036 | +454.5% |
| Financial charges | 65/66B | €659 | €417 | -€242 | -36.8% |
| Recurring financial charges | 65 | €659 | €417 | -€242 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €146,108 | €273,721 | +€127,613 | +87.3% |
| Income taxes | 67/77 | €33,501 | €66,051 | +€32,549 | +97.2% |
| Profit (loss) for the period | 9904 | €112,607 | €207,671 | +€95,064 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,607 | €207,671 | +€95,064 | +84.4% |
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 12 October 2026 via checked.be.