WPH: what changed
Two fiscal 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.
WPH
Largest movements
- Cash +€31,680
up €31,680 (+39.6%), from €79,957 to €111,637
mainly Net result for the year (+€49,744) and Depreciation (+€272)
- Current investments +€10,148
new in 2025: €10,148
- Tangible fixed assets +€1,853
new in 2025: €1,853
- Profit (loss) carried forward +€48,911
up €48,911 (+78.7%), from €62,136 to €111,048
- Tax, wage and social debts -€4,981
down €4,981 (-20.6%), from €24,190 to €19,209
- Gross operating margin -€16,260
down €16,260 (-20.5%), from €79,442 to €63,181
- Taxes -€3,497
down €3,497 (-21.2%), from €16,495 to €12,998
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 | €92,486 | €136,495 | +€44,009 | +47.6% |
| Fixed assets | 21/28 | - | €1,853 | +€1,853 | |
| Tangible fixed assets | 22/27 | - | €1,853 | +€1,853 | |
| Furniture and vehicles | 24 | - | €1,853 | +€1,853 | |
| Current assets | 29/58 | €92,486 | €134,642 | +€42,156 | +45.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €12,166 | +€66 | +0.5% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Current investments | 50/53 | - | €10,148 | +€10,148 | |
| Cash at bank and in hand | 54/58 | €79,957 | €111,637 | +€31,680 | +39.6% |
| Deferred charges and accrued income | 490/1 | €429 | €691 | +€262 | +61.1% |
| Total equity and liabilities | 10/49 | €92,486 | €136,495 | +€44,009 | +47.6% |
| Equity | 10/15 | €67,136 | €116,048 | +€48,911 | +72.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,136 | €111,048 | +€48,911 | +78.7% |
| Amounts payable | 17/49 | €25,350 | €20,447 | -€4,903 | -19.3% |
| Amounts payable within one year | 42/48 | €25,350 | €20,447 | -€4,903 | -19.3% |
| Trade debts | 44 | €360 | €405 | +€45 | +12.6% |
| Suppliers | 440/4 | €360 | €405 | +€45 | +12.6% |
| Taxes, remuneration and social security | 45 | €24,190 | €19,209 | -€4,981 | -20.6% |
| Taxes | 450/3 | €24,190 | €19,209 | -€4,981 | -20.6% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Gross operating margin | 9900 | €79,442 | €63,181 | -€16,260 | -20.5% |
| Operating profit (loss) | 9901 | €79,442 | €62,909 | -€16,533 | -20.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10 | €166 | +€156 | +1532.0% |
| Recurring financial charges | 65 | €10 | €166 | +€156 | +1532.0% |
| Profit (loss) for the period before taxes | 9903 | €79,431 | €62,743 | -€16,689 | -21.0% |
| Income taxes | 67/77 | €16,495 | €12,998 | -€3,497 | -21.2% |
| Profit (loss) for the period | 9904 | €62,936 | €49,744 | -€13,192 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,936 | €49,744 | -€13,192 | -21.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.