WPMC: 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.
WPMC
Largest movements
- Financial fixed assets +€3.1m
up €3.1m (+667.0%), from €462,072 to €3.5m
- Current investments +€656,131
new in 2025: €656,131
- Cash -€522,439
down €522,439 (-36.7%), from €1.4m to €899,790
mainly Investment in fixed assets (net) (-€3.1m) and Current investments (-€656,131)
- Reserves +€2.2m
up €2.2m (+127.6%), from €1.7m to €3.9m
- Trade debts +€847,977
up €847,977 (+3645643.8%), from €23 to €848,000
- Tax, wage and social debts +€142,874
up €142,874 (+197.3%), from €72,426 to €215,299
of which Taxes: +€143,431
- Financial income +€1.7m
up €1.7m (+222.6%), from €782,570 to €2.5m
of which Financial income: +€1.8m
- Taxes +€134,716
up €134,716 (+134.3%), from €100,275 to €234,991
- Gross operating margin -€37,700
down €37,700 (-69.7%), from €54,061 to €16,362
- Depreciation +€6,081
up €6,081 (+28.2%), from €21,531 to €27,613
- Financial charges -€1,754
down €1,754 (-74.5%), from €2,356 to €602
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 | €2,426,231 | €5,618,353 | +€3.2m | +131.6% |
| Fixed assets | 21/28 | €950,864 | €4,009,185 | +€3.1m | +321.6% |
| Tangible fixed assets | 22/27 | €488,792 | €464,986 | -€23,806 | -4.9% |
| Land and buildings | 22 | €420,284 | €408,584 | -€11,699 | -2.8% |
| Plant, machinery and equipment | 23 | €74 | €0 | -€74 | -100.0% |
| Furniture and vehicles | 24 | €68,434 | €56,401 | -€12,033 | -17.6% |
| Financial fixed assets | 28 | €462,072 | €3,544,200 | +€3.1m | +667.0% |
| Current assets | 29/58 | €1,475,367 | €1,609,167 | +€133,800 | +9.1% |
| Amounts receivable within one year | 40/41 | €53,138 | €53,246 | +€109 | +0.2% |
| Trade receivables | 40 | €4,604 | €3,246 | -€1,358 | -29.5% |
| Other amounts receivable | 41 | €48,533 | €50,000 | +€1,467 | +3.0% |
| Current investments | 50/53 | - | €656,131 | +€656,131 | |
| Cash at bank and in hand | 54/58 | €1,422,229 | €899,790 | -€522,439 | -36.7% |
| Total equity and liabilities | 10/49 | €2,426,231 | €5,618,353 | +€3.2m | +131.6% |
| Equity | 10/15 | €2,353,782 | €4,555,054 | +€2.2m | +93.5% |
| Contributions | 10/11 | €629,000 | €629,000 | = | 0.0% |
| Reserves | 13 | €1,724,782 | €3,926,054 | +€2.2m | +127.6% |
| Distributable reserves | 133 | €1,724,782 | €3,926,054 | +€2.2m | +127.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €72,449 | €1,063,299 | +€990,850 | +1367.7% |
| Amounts payable within one year | 42/48 | €72,449 | €1,063,299 | +€990,850 | +1367.7% |
| Trade debts | 44 | €23 | €848,000 | +€847,977 | +3645643.8% |
| Suppliers | 440/4 | €23 | €848,000 | +€847,977 | +3645643.8% |
| Taxes, remuneration and social security | 45 | €72,426 | €215,299 | +€142,874 | +197.3% |
| Taxes | 450/3 | €71,868 | €215,299 | +€143,431 | +199.6% |
| Remuneration and social security | 454/9 | €558 | €0 | -€558 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,531 | €27,613 | +€6,081 | +28.2% |
| Other operating charges | 640/8 | €507 | €248 | -€259 | -51.1% |
| Non-recurring operating charges | 66A | €63 | €0 | -€63 | -100.0% |
| Gross operating margin | 9900 | €54,061 | €16,362 | -€37,700 | -69.7% |
| Operating profit (loss) | 9901 | €31,960 | -€11,499 | -€43,459 | |
| Financial income | 75/76B | €782,570 | €2,524,782 | +€1.7m | +222.6% |
| Recurring financial income | 75 | €724,606 | €2,524,782 | +€1.8m | +248.4% |
| Non-recurring financial income | 76B | €57,964 | €0 | -€57,964 | -100.0% |
| Financial charges | 65/66B | €2,356 | €602 | -€1,754 | -74.5% |
| Recurring financial charges | 65 | €2,356 | €602 | -€1,754 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €812,174 | €2,512,680 | +€1.7m | +209.4% |
| Income taxes | 67/77 | €100,275 | €234,991 | +€134,716 | +134.3% |
| Profit (loss) for the period | 9904 | €711,899 | €2,277,689 | +€1.6m | +219.9% |
| Profit (loss) for the period to be appropriated | 9905 | €711,899 | €2,277,689 | +€1.6m | +219.9% |
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 12 October 2026 via checked.be.