WPK SERVICES: 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.
WPK SERVICES
Largest movements
- Receivables within one year +€118,459
up €118,459 (+6.5%), from €1.8m to €1.9m
of which Trade receivables: +€117,422
- Tangible fixed assets -€83,372
down €83,372 (-19.5%), from €428,100 to €344,729
of which Land and buildings: -€82,916
- Cash +€67,532
up €67,532 (+66.1%), from €102,104 to €169,636
mainly Depreciation (+€85,522) and Trade debts (+€52,761)
- Trade debts +€52,761
up €52,761 (+12.7%), from €414,533 to €467,294
- Reserves +€44,400
up €44,400 (+148.0%), from €30,000 to €74,400
of which Distributable reserves: +€44,400
- Staff costs +€158,079
up €158,079 (+9.6%), from €1.6m to €1.8m
- Gross operating margin +€157,757
up €157,757 (+8.6%), from €1.8m to €2.0m
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 | €2,343,925 | €2,448,873 | +€104,948 | +4.5% |
| Fixed assets | 21/28 | €428,100 | €344,729 | -€83,372 | -19.5% |
| Tangible fixed assets | 22/27 | €428,100 | €344,729 | -€83,372 | -19.5% |
| Land and buildings | 22 | €414,949 | €332,034 | -€82,916 | -20.0% |
| Plant, machinery and equipment | 23 | €13,151 | €12,695 | -€456 | -3.5% |
| Current assets | 29/58 | €1,915,825 | €2,104,144 | +€188,319 | +9.8% |
| Amounts receivable within one year | 40/41 | €1,809,814 | €1,928,273 | +€118,459 | +6.5% |
| Trade receivables | 40 | €1,802,840 | €1,920,263 | +€117,422 | +6.5% |
| Other amounts receivable | 41 | €6,974 | €8,010 | +€1,036 | +14.9% |
| Cash at bank and in hand | 54/58 | €102,104 | €169,636 | +€67,532 | +66.1% |
| Deferred charges and accrued income | 490/1 | €3,907 | €6,236 | +€2,329 | +59.6% |
| Total equity and liabilities | 10/49 | €2,343,925 | €2,448,873 | +€104,948 | +4.5% |
| Equity | 10/15 | €335,273 | €374,400 | +€39,127 | +11.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €74,400 | +€44,400 | +148.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | - | €44,400 | +€44,400 | |
| Profit (loss) carried forward | 14 | €5,273 | €0 | -€5,273 | -100.0% |
| Amounts payable | 17/49 | €2,008,652 | €2,074,473 | +€65,821 | +3.3% |
| Amounts payable after more than one year | 17 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial debts | 170/4 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €808,652 | €874,473 | +€65,821 | +8.1% |
| Trade debts | 44 | €414,533 | €467,294 | +€52,761 | +12.7% |
| Suppliers | 440/4 | €414,533 | €467,294 | +€52,761 | +12.7% |
| Taxes, remuneration and social security | 45 | €394,119 | €407,179 | +€13,060 | +3.3% |
| Taxes | 450/3 | €88,157 | €90,511 | +€2,354 | +2.7% |
| Remuneration and social security | 454/9 | €305,962 | €316,668 | +€10,706 | +3.5% |
| Remuneration, social security and pensions | 62 | €1,640,144 | €1,798,223 | +€158,079 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,320 | €85,522 | +€202 | +0.2% |
| Other operating charges | 640/8 | €2,074 | €3,607 | +€1,533 | +73.9% |
| Gross operating margin | 9900 | €1,825,780 | €1,983,536 | +€157,757 | +8.6% |
| Operating profit (loss) | 9901 | €98,241 | €96,184 | -€2,057 | -2.1% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1904.0% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1904.0% |
| Financial charges | 65/66B | €30,181 | €31,766 | +€1,585 | +5.3% |
| Recurring financial charges | 65 | €30,181 | €31,766 | +€1,585 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €68,061 | €64,438 | -€3,623 | -5.3% |
| Income taxes | 67/77 | €16,746 | €25,311 | +€8,565 | +51.2% |
| Profit (loss) for the period | 9904 | €51,315 | €39,127 | -€12,188 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,315 | €39,127 | -€12,188 | -23.8% |
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 4 October 2026 via checked.be.