WPC REIT VM (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.
WPC REIT VM (BE)
Largest movements
- Tangible fixed assets -€483,740
down €483,740 (-4.5%), from €10.8m to €10.4m
- Debts after one year -€264,000
down €264,000 (-2.9%), from €9.1m to €8.8m
- Profit (loss) carried forward -€170,340
down €170,340 (-25.2%), from -€675,326 to -€845,665
- Gross operating margin +€36,212
up €36,212 (+5.0%), from €727,368 to €763,580
- Financial charges -€11,393
down €11,393 (-2.8%), from €410,166 to €398,773
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 | €11,225,757 | €10,782,927 | -€442,830 | -3.9% |
| Fixed assets | 21/28 | €10,842,353 | €10,358,613 | -€483,740 | -4.5% |
| Tangible fixed assets | 22/27 | €10,842,353 | €10,358,613 | -€483,740 | -4.5% |
| Land and buildings | 22 | €10,842,353 | €10,358,613 | -€483,740 | -4.5% |
| Current assets | 29/58 | €383,404 | €424,314 | +€40,910 | +10.7% |
| Amounts receivable within one year | 40/41 | €342,825 | €313,938 | -€28,888 | -8.4% |
| Trade receivables | 40 | €220,439 | €207,294 | -€13,145 | -6.0% |
| Other amounts receivable | 41 | €122,387 | €106,643 | -€15,743 | -12.9% |
| Cash at bank and in hand | 54/58 | €40,579 | €110,376 | +€69,798 | +172% |
| Total equity and liabilities | 10/49 | €11,225,757 | €10,782,927 | -€442,830 | -3.9% |
| Equity | 10/15 | €1,824,674 | €1,654,335 | -€170,340 | -9.3% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€675,326 | -€845,665 | -€170,340 | -25.2% |
| Amounts payable | 17/49 | €9,401,083 | €9,128,592 | -€272,490 | -2.9% |
| Amounts payable after more than one year | 17 | €9,056,000 | €8,792,000 | -€264,000 | -2.9% |
| Financial debts | 170/4 | €9,056,000 | €8,792,000 | -€264,000 | -2.9% |
| Amounts payable within one year | 42/48 | €140,551 | €127,295 | -€13,256 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €101,821 | €100,042 | -€1,779 | -1.7% |
| Trade debts | 44 | €20,059 | €12,963 | -€7,095 | -35.4% |
| Suppliers | 440/4 | €20,059 | €12,963 | -€7,095 | -35.4% |
| Taxes, remuneration and social security | 45 | €2,959 | €3,948 | +€990 | +33.5% |
| Taxes | 450/3 | €2,959 | €3,948 | +€990 | +33.5% |
| Other amounts payable | 47/48 | €15,713 | €10,342 | -€5,371 | -34.2% |
| Accrued charges and deferred income | 492/3 | €204,532 | €209,298 | +€4,766 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483,740 | €483,740 | +€0 | 0.0% |
| Other operating charges | 640/8 | €49,871 | €51,408 | +€1,537 | +3.1% |
| Gross operating margin | 9900 | €727,368 | €763,580 | +€36,212 | +5.0% |
| Operating profit (loss) | 9901 | €193,758 | €228,433 | +€34,675 | +17.9% |
| Financial charges | 65/66B | €410,166 | €398,773 | -€11,393 | -2.8% |
| Recurring financial charges | 65 | €410,166 | €398,773 | -€11,393 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€216,408 | -€170,340 | +€46,068 | +21.3% |
| Profit (loss) for the period | 9904 | -€216,408 | -€170,340 | +€46,068 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€216,408 | -€170,340 | +€46,068 | +21.3% |
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 22 October 2026 via checked.be.