WPB: 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.
WPB
Largest movements
- Receivables within one year +€276,378
up €276,378 (+1377.5%), from €20,063 to €296,442
of which Trade receivables: +€270,526
- Tangible fixed assets +€187,890
up €187,890 (+10.8%), from €1.7m to €1.9m
of which Furniture and vehicles: +€245,112
- Deferred charges and accrued income +€55,510
up €55,510 (+830.3%), from €6,685 to €62,195
- Other debts +€411,438
up €411,438 (+66.9%), from €614,612 to €1.0m
- Profit (loss) carried forward +€124,590
up €124,590 (+25.4%), from €489,581 to €614,171
- Current portion of long-term debt +€52,563
up €52,563 (+394.0%), from €13,341 to €65,904
- Debts after one year -€46,043
down €46,043 (-11.6%), from €398,185 to €352,142
- Tax, wage and social debts -€26,787
down €26,787 (-69.2%), from €38,716 to €11,928
of which Taxes: -€26,178
- Gross operating margin +€120,629
up €120,629 (+26.8%), from €450,883 to €571,513
- Taxes +€29,566
up €29,566 (+137.3%), from €21,532 to €51,097
- Depreciation +€5,776
up €5,776 (+2.5%), from €226,879 to €232,655
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 | €1,891,649 | €2,390,446 | +€498,797 | +26.4% |
| Fixed assets | 21/28 | €1,831,734 | €1,997,808 | +€166,074 | +9.1% |
| Intangible fixed assets | 21 | €87,264 | €65,448 | -€21,816 | -25.0% |
| Tangible fixed assets | 22/27 | €1,744,470 | €1,932,359 | +€187,890 | +10.8% |
| Land and buildings | 22 | €1,403,631 | €1,351,856 | -€51,774 | -3.7% |
| Plant, machinery and equipment | 23 | €114,150 | €104,735 | -€9,415 | -8.2% |
| Furniture and vehicles | 24 | €164,948 | €410,060 | +€245,112 | +148.6% |
| Leasing and similar rights | 25 | €61,741 | €65,708 | +€3,967 | +6.4% |
| Current assets | 29/58 | €59,915 | €392,638 | +€332,724 | +555.3% |
| Amounts receivable within one year | 40/41 | €20,063 | €296,442 | +€276,378 | +1377.5% |
| Trade receivables | 40 | €19,243 | €289,769 | +€270,526 | +1405.8% |
| Other amounts receivable | 41 | €820 | €6,673 | +€5,853 | +713.7% |
| Cash at bank and in hand | 54/58 | €33,166 | €34,002 | +€835 | +2.5% |
| Deferred charges and accrued income | 490/1 | €6,685 | €62,195 | +€55,510 | +830.3% |
| Total equity and liabilities | 10/49 | €1,891,649 | €2,390,446 | +€498,797 | +26.4% |
| Equity | 10/15 | €560,011 | €684,601 | +€124,590 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,830 | €51,830 | = | 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 | €49,970 | €49,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €489,581 | €614,171 | +€124,590 | +25.4% |
| Amounts payable | 17/49 | €1,331,638 | €1,705,845 | +€374,207 | +28.1% |
| Amounts payable after more than one year | 17 | €398,185 | €352,142 | -€46,043 | -11.6% |
| Financial debts | 170/4 | €398,185 | €352,142 | -€46,043 | -11.6% |
| Amounts payable within one year | 42/48 | €893,926 | €1,315,823 | +€421,897 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €13,341 | €65,904 | +€52,563 | +394.0% |
| Financial debts | 43 | €132,302 | €126,430 | -€5,872 | -4.4% |
| Credit institutions | 430/8 | €132,302 | €126,430 | -€5,872 | -4.4% |
| Trade debts | 44 | €94,955 | €85,511 | -€9,444 | -9.9% |
| Suppliers | 440/4 | €94,955 | €85,511 | -€9,444 | -9.9% |
| Taxes, remuneration and social security | 45 | €38,716 | €11,928 | -€26,787 | -69.2% |
| Taxes | 450/3 | €27,275 | €1,097 | -€26,178 | -96.0% |
| Remuneration and social security | 454/9 | €11,441 | €10,831 | -€610 | -5.3% |
| Other amounts payable | 47/48 | €614,612 | €1,026,050 | +€411,438 | +66.9% |
| Accrued charges and deferred income | 492/3 | €39,527 | €37,880 | -€1,647 | -4.2% |
| Non-recurring operating income | 76A | €6,000 | €35,665 | +€29,665 | +494.4% |
| Remuneration, social security and pensions | 62 | €95,663 | €93,229 | -€2,434 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,879 | €232,655 | +€5,776 | +2.5% |
| Other operating charges | 640/8 | €26,948 | €28,972 | +€2,024 | +7.5% |
| Non-recurring operating charges | 66A | €661 | €3,555 | +€2,893 | +437.5% |
| Gross operating margin | 9900 | €450,883 | €571,513 | +€120,629 | +26.8% |
| Operating profit (loss) | 9901 | €100,732 | €213,102 | +€112,369 | +111.6% |
| Financial income | 75/76B | €1,158 | €151 | -€1,007 | -87.0% |
| Recurring financial income | 75 | €1,158 | €151 | -€1,007 | -87.0% |
| Financial charges | 65/66B | €40,231 | €37,565 | -€2,667 | -6.6% |
| Recurring financial charges | 65 | €40,231 | €37,565 | -€2,667 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €61,659 | €175,688 | +€114,029 | +184.9% |
| Income taxes | 67/77 | €21,532 | €51,097 | +€29,566 | +137.3% |
| Profit (loss) for the period | 9904 | €40,127 | €124,590 | +€84,463 | +210.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,127 | €124,590 | +€84,463 | +210.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.