WPJ INVEST: what changed
What changed
WPJ INVEST
NACE 38.210, Materials recovery from waste
filed annual accounts (NBB)
Net result for the year
€1,404
2024 · €237,039-€235,636
Equity
€432,010
2024 · €430,606+€1,404
Cash
€461
2024 · €13,553-€13,092
Balance sheet total
€1.5m
2024 · €1.6m-€73,739
Largest movements
Assets
- Deferred charges and accrued income -€1.1m
down €1.1m (-100.0%), from €1.1m to €398
- Receivables within one year +€1.1m
up €1.1m (+231%), from €465,738 to €1.5m
of which Trade receivables: +€1.4m
Equity and liabilities
- Trade debts -€822,534
down €822,534 (-79.7%), from €1.0m to €209,912
- Other debts +€777,576
up €777,576 (+623%), from €124,881 to €902,457
- Tax, wage and social debts -€30,185
down €30,185 (-99.3%), from €30,390 to €205
of which Taxes: -€22,037
Income statement
- Gross operating margin -€797,122
down €797,122, from €791,330 to -€5,791
- Staff costs -€208,687
down €208,687, from €200,539 to -€8,148
- Depreciation -€142,405
down €142,405 (-100%), from €142,405 to €0
- Taxes -€86,350
down €86,350, from €85,330 to -€1,021
- Financial charges -€33,225
down €33,225 (-97.6%), from €34,045 to €819
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€237,039
Gross operating margin
-€797,122
Staff costs
+€208,687
Depreciation
+€142,405
Write-downs
+€25,308
Other operating charges
+€10,846
Other operating items
+€54,932
Financial income
-€267
Financial charges
+€33,225
Taxes
+€86,350
Result 2025
€1,404
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€13,092
Investment
€0
Financing
€0
Cash 2024
€13,553
From operations (derived)
-€13,092
Net result for the year
+€1,404
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€1.1m
Trade debts
-€822,534
Tax, wage and social debts
-€30,185
Other debts
+€777,576
Cash 2025
€461
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,324 | €1,544,584 | -€73,739 | -4.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,618,324 | €1,544,584 | -€73,739 | -4.6% |
| Amounts receivable within one year | 40/41 | €465,738 | €1,543,725 | +€1.1m | +231% |
| Trade receivables | 40 | €146 | €1,386,058 | +€1.4m | +951,928% |
| Other amounts receivable | 41 | €465,592 | €157,668 | -€307,924 | -66.1% |
| Cash at bank and in hand | 54/58 | €13,553 | €461 | -€13,092 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,139,033 | €398 | -€1.1m | -100.0% |
| Total equity and liabilities | 10/49 | €1,618,324 | €1,544,584 | -€73,739 | -4.6% |
| Equity | 10/15 | €430,606 | €432,010 | +€1,404 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,606 | €412,010 | +€1,404 | +0.3% |
| Amounts payable | 17/49 | €1,187,718 | €1,112,575 | -€75,143 | -6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,187,718 | €1,112,575 | -€75,143 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,032,446 | €209,912 | -€822,534 | -79.7% |
| Suppliers | 440/4 | €1,032,446 | €209,912 | -€822,534 | -79.7% |
| Taxes, remuneration and social security | 45 | €30,390 | €205 | -€30,185 | -99.3% |
| Taxes | 450/3 | €22,243 | €205 | -€22,037 | -99.1% |
| Remuneration and social security | 454/9 | €8,148 | €0 | -€8,148 | -100% |
| Other amounts payable | 47/48 | €124,881 | €902,457 | +€777,576 | +623% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,067,414 | €0 | -€1.1m | -100% |
| Remuneration, social security and pensions | 62 | €200,539 | -€8,148 | -€208,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,405 | €0 | -€142,405 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,308 | €0 | -€25,308 | -100% |
| Other operating charges | 640/8 | €12,000 | €1,154 | -€10,846 | -90.4% |
| Non-recurring operating charges | 66A | €54,932 | €0 | -€54,932 | -100% |
| Gross operating margin | 9900 | €791,330 | -€5,791 | -€797,122 | |
| Operating profit (loss) | 9901 | €356,147 | €1,203 | -€354,944 | -99.7% |
| Financial income | 75/76B | €267 | €0 | -€267 | -100% |
| Recurring financial income | 75 | €267 | €0 | -€267 | -100% |
| Financial charges | 65/66B | €34,045 | €819 | -€33,225 | -97.6% |
| Recurring financial charges | 65 | €34,045 | €819 | -€33,225 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €322,369 | €383 | -€321,986 | -99.9% |
| Income taxes | 67/77 | €85,330 | -€1,021 | -€86,350 | |
| Profit (loss) for the period | 9904 | €237,039 | €1,404 | -€235,636 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €237,039 | €1,404 | -€235,636 | -99.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.