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WPC REIT Vert (BE): 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.

What changed

WPC REIT Vert (BE)

BE 0786.315.850
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€279,716
2024 · €229,529+€50,186
Equity
€18.1m
2024 · €17.8m+€281,516
Cash
€71,219
2024 · €561,563-€490,344
Balance sheet total
€82.9m
2024 · €86.7m-€3.7m

Largest movements

2024 to 2025
Assets
  • Receivables after one year -€3.3m

    down €3.3m (-4.7%), from €69.5m to €66.2m

Equity and liabilities
  • Debts after one year -€2.9m

    down €2.9m (-4.3%), from €66.9m to €64.0m

  • Other debts -€1.2m

    down €1.2m (-94.0%), from €1.2m to €73,245

Income statement
  • Financial charges -€70,606

    down €70,606 (-3.6%), from €2.0m to €1.9m

  • Financial income +€35,467

    up €35,467 (+1.4%), from €2.6m to €2.7m

  • Gross operating margin -€20,114

    down €20,114 (-9.9%), from €202,744 to €182,630

  • Taxes +€18,673

    up €18,673 (+24.3%), from €76,966 to €95,639

  • Other operating charges +€17,100

    up €17,100 (+3.1%), from €547,092 to €564,193

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €229,529
Gross operating margin -€20,114
Other operating charges -€17,100
Financial income +€35,467
Financial charges +€70,606
Taxes -€18,673
Result 2025 €279,716
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€2.4m
Investment €0
Financing -€2.9m
Cash 2024 €561,563
Net result for the year +€279,716
Receivables after one year +€3.3m
Receivables within one year -€52,341
Deferred charges and accrued income +€27,869
Trade debts -€1,045
Tax, wage and social debts +€17,130
Other debts -€1.2m
Accrued charges and deferred income +€24,686
Debts after one year -€2.9m
Short-term financial debts -€5,700
Contributions, distributions and other +€1,800
Cash 2025 €71,219
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €86,683,252 €82,942,983 -€3.7m -4.3%
Fixed assets 21/28 €12,767,677 €12,767,677 = 0.0%
Tangible fixed assets 22/27 €12,767,677 €12,767,677 = 0.0%
Leasing and similar rights 25 €12,767,677 €12,767,677 = 0.0%
Current assets 29/58 €73,915,575 €70,175,307 -€3.7m -5.1%
Amounts receivable after more than one year 29 €69,498,820 €66,224,424 -€3.3m -4.7%
Other amounts receivable 291 €69,498,820 €66,224,424 -€3.3m -4.7%
Amounts receivable within one year 40/41 €3,827,323 €3,879,664 +€52,341 +1.4%
Trade receivables 40 €570,874 €582,033 +€11,158 +2.0%
Other amounts receivable 41 €3,256,448 €3,297,631 +€41,183 +1.3%
Cash at bank and in hand 54/58 €561,563 €71,219 -€490,344 -87.3%
Deferred charges and accrued income 490/1 €27,869 €0 -€27,869 -100%
Total equity and liabilities 10/49 €86,683,252 €82,942,983 -€3.7m -4.3%
Equity 10/15 €17,815,390 €18,096,906 +€281,516 +1.6%
Contributions 10/11 €17,800,000 €17,801,800 +€1,800 0.0%
Profit (loss) carried forward 14 €15,390 €295,106 +€279,716 +1,817%
Amounts payable 17/49 €68,867,862 €64,846,077 -€4.0m -5.8%
Amounts payable after more than one year 17 €66,868,284 €63,963,284 -€2.9m -4.3%
Financial debts 170/4 €66,868,284 €63,963,284 -€2.9m -4.3%
Amounts payable within one year 42/48 €1,480,253 €338,783 -€1.1m -77.1%
Financial debts 43 €163,477 €157,777 -€5,700 -3.5%
Other loans 439 €163,477 €157,777 -€5,700 -3.5%
Trade debts 44 €1,045 €0 -€1,045 -100%
Suppliers 440/4 €1,045 €0 -€1,045 -100%
Taxes, remuneration and social security 45 €90,632 €107,762 +€17,130 +18.9%
Taxes 450/3 €90,632 €107,762 +€17,130 +18.9%
Other amounts payable 47/48 €1,225,099 €73,245 -€1.2m -94.0%
Accrued charges and deferred income 492/3 €519,324 €544,010 +€24,686 +4.8%
Other operating charges 640/8 €547,092 €564,193 +€17,100 +3.1%
Gross operating margin 9900 €202,744 €182,630 -€20,114 -9.9%
Operating profit (loss) 9901 -€344,348 -€381,562 -€37,214 -10.8%
Financial income 75/76B €2,621,097 €2,656,564 +€35,467 +1.4%
Recurring financial income 75 €2,621,097 €2,656,564 +€35,467 +1.4%
Financial charges 65/66B €1,970,254 €1,899,648 -€70,606 -3.6%
Recurring financial charges 65 €1,970,254 €1,899,648 -€70,606 -3.6%
Profit (loss) for the period before taxes 9903 €306,495 €375,354 +€68,859 +22.5%
Income taxes 67/77 €76,966 €95,639 +€18,673 +24.3%
Profit (loss) for the period 9904 €229,529 €279,716 +€50,186 +21.9%
Profit (loss) for the period to be appropriated 9905 €229,529 €279,716 +€50,186 +21.9%

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 19 October 2026 via checked.be.