Wpauwels: 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.
Wpauwels
Largest movements
- Tangible fixed assets -€52,629
down €52,629 (-23.6%), from €223,401 to €170,773
- Cash +€47,582
up €47,582 (+93.5%), from €50,884 to €98,466
mainly Depreciation (+€59,546) and Net result for the year (+€34,524)
- Receivables within one year -€10,010
down €10,010 (-11.9%), from €84,339 to €74,328
of which Other amounts receivable: -€11,508
- Debts after one year -€31,200
down €31,200 (-23.7%), from €131,899 to €100,699
- Profit (loss) carried forward +€28,099
up €28,099 (+10.4%), from €270,170 to €298,269
- Other debts -€23,864
down €23,864 (-78.2%), from €30,517 to €6,653
- Trade debts +€11,573
up €11,573 (+21.1%), from €54,734 to €66,307
- Gross operating margin -€21,429
down €21,429 (-8.1%), from €264,405 to €242,977
- Staff costs +€13,795
up €13,795 (+12.1%), from €113,956 to €127,751
- Taxes -€3,100
down €3,100 (-20.8%), from €14,894 to €11,794
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 | €587,371 | €573,062 | -€14,309 | -2.4% |
| Fixed assets | 21/28 | €225,901 | €173,273 | -€52,629 | -23.3% |
| Tangible fixed assets | 22/27 | €223,401 | €170,773 | -€52,629 | -23.6% |
| Land and buildings | 22 | €129,073 | €107,561 | -€21,512 | -16.7% |
| Plant, machinery and equipment | 23 | €48,897 | €28,190 | -€20,707 | -42.3% |
| Furniture and vehicles | 24 | €45,431 | €35,022 | -€10,409 | -22.9% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €361,469 | €399,789 | +€38,320 | +10.6% |
| Stocks and contracts in progress | 3 | €221,846 | €222,638 | +€792 | +0.4% |
| Stocks | 30/36 | €221,846 | €222,638 | +€792 | +0.4% |
| Amounts receivable within one year | 40/41 | €84,339 | €74,328 | -€10,010 | -11.9% |
| Trade receivables | 40 | €71,624 | €73,122 | +€1,497 | +2.1% |
| Other amounts receivable | 41 | €12,714 | €1,206 | -€11,508 | -90.5% |
| Cash at bank and in hand | 54/58 | €50,884 | €98,466 | +€47,582 | +93.5% |
| Deferred charges and accrued income | 490/1 | €4,401 | €4,357 | -€44 | -1.0% |
| Total equity and liabilities | 10/49 | €587,371 | €573,062 | -€14,309 | -2.4% |
| Equity | 10/15 | €320,622 | €348,721 | +€28,099 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,852 | €31,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,992 | €29,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,170 | €298,269 | +€28,099 | +10.4% |
| Amounts payable | 17/49 | €266,749 | €224,341 | -€42,408 | -15.9% |
| Amounts payable after more than one year | 17 | €131,899 | €100,699 | -€31,200 | -23.7% |
| Financial debts | 170/4 | €131,899 | €100,699 | -€31,200 | -23.7% |
| Amounts payable within one year | 42/48 | €134,849 | €123,641 | -€11,208 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €33,200 | €31,200 | -€2,000 | -6.0% |
| Trade debts | 44 | €54,734 | €66,307 | +€11,573 | +21.1% |
| Suppliers | 440/4 | €54,734 | €66,307 | +€11,573 | +21.1% |
| Taxes, remuneration and social security | 45 | €16,398 | €19,481 | +€3,083 | +18.8% |
| Taxes | 450/3 | €6,155 | €8,640 | +€2,484 | +40.4% |
| Remuneration and social security | 454/9 | €10,243 | €10,842 | +€598 | +5.8% |
| Other amounts payable | 47/48 | €30,517 | €6,653 | -€23,864 | -78.2% |
| Remuneration, social security and pensions | 62 | €113,956 | €127,751 | +€13,795 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,529 | €59,546 | +€1,016 | +1.7% |
| Other operating charges | 640/8 | €1,167 | €966 | -€201 | -17.2% |
| Gross operating margin | 9900 | €264,405 | €242,977 | -€21,429 | -8.1% |
| Operating profit (loss) | 9901 | €90,753 | €54,715 | -€36,039 | -39.7% |
| Financial income | 75/76B | €68 | €21 | -€46 | -68.7% |
| Recurring financial income | 75 | €68 | €21 | -€46 | -68.7% |
| Financial charges | 65/66B | €9,446 | €8,418 | -€1,028 | -10.9% |
| Recurring financial charges | 65 | €9,446 | €8,418 | -€1,028 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €81,375 | €46,317 | -€35,057 | -43.1% |
| Income taxes | 67/77 | €14,894 | €11,794 | -€3,100 | -20.8% |
| Profit (loss) for the period | 9904 | €66,480 | €34,524 | -€31,957 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,480 | €34,524 | -€31,957 | -48.1% |
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 28 October 2026 via checked.be.