WPS BELGIUM: what changed
What changed
WPS BELGIUM
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€699,757
2024 · €588,050+€111,707
Equity
€671,495
2024 · €971,738-€300,243
Cash
€1.5m
2024 · €641,517+€896,752
Balance sheet total
€5.1m
2024 · €5.4m-€263,182
Largest movements
Assets
- Cash +€896,752
up €896,752 (+140%), from €641,517 to €1.5m
mainly Other debts (+€1.0m) and Net result for the year (+€699,757)
- Stocks and contracts -€669,979
down €669,979 (-53.4%), from €1.3m to €583,668
of which Contracts in progress: -€663,634
- Receivables within one year -€503,309
down €503,309 (-50.2%), from €1.0m to €498,892
of which Trade receivables: -€528,173
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+41.5%), from €2.4m to €3.4m
- Advances received -€892,564
down €892,564 (-73.9%), from €1.2m to €314,728
- Profit (loss) carried forward -€300,243
down €300,243 (-48.5%), from €619,253 to €319,010
- Trade debts -€247,536
down €247,536 (-97.8%), from €253,123 to €5,587
- Tax, wage and social debts +€108,746
up €108,746 (+29.2%), from €373,030 to €481,776
of which Taxes: +€72,341
Income statement
- Turnover +€789,203
up €789,203 (+17.1%), from €4.6m to €5.4m
- Purchases and services +€311,576
up €311,576 (+11.3%), from €2.7m to €3.1m
- Gross operating margin +€299,973
up €299,973 (+15.2%), from €2.0m to €2.3m
- Staff costs +€128,234
up €128,234 (+10.9%), from €1.2m to €1.3m
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
€588,050
Gross operating margin
+€299,973
Staff costs
-€128,234
Write-downs
-€21,090
Other operating charges
-€2,082
Financial income
-€1,210
Financial charges
-€1,113
Taxes
-€34,537
Result 2025
€699,757
raises the resultlowers the result
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
+€1.9m
Investment
-€38,987
Financing
-€1.0m
Cash 2024
€641,517
From operations (derived)
+€1.9m
Net result for the year
+€699,757
Depreciation
+€4,670
Stocks and contracts
+€669,979
Receivables within one year
+€503,309
Deferred charges and accrued income
+€20,963
Trade debts
-€247,536
Tax, wage and social debts
+€108,746
Advances received
-€892,564
Other debts
+€1.0m
Accrued charges and deferred income
+€68,415
Investment (derived)
-€38,987
Investment in fixed assets (net)
-€38,987
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,359,304 | €5,096,122 | -€263,182 | -4.9% |
| Fixed assets | 21/28 | €15,135 | €49,452 | +€34,317 | +227% |
| Tangible fixed assets | 22/27 | €7,322 | €41,639 | +€34,317 | +469% |
| Land and buildings | 22 | €4,355 | €974 | -€3,381 | -77.6% |
| Furniture and vehicles | 24 | €2,967 | €40,665 | +€37,698 | +1,271% |
| Financial fixed assets | 28 | €7,813 | €7,813 | = | 0.0% |
| Current assets | 29/58 | €5,344,169 | €5,046,670 | -€297,499 | -5.6% |
| Amounts receivable after more than one year | 29 | €2,410,000 | €2,410,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,410,000 | €2,410,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,253,647 | €583,668 | -€669,979 | -53.4% |
| Stocks | 30/36 | €289,670 | €283,325 | -€6,345 | -2.2% |
| Contracts in progress | 37 | €963,977 | €300,343 | -€663,634 | -68.8% |
| Amounts receivable within one year | 40/41 | €1,002,201 | €498,892 | -€503,309 | -50.2% |
| Trade receivables | 40 | €949,662 | €421,489 | -€528,173 | -55.6% |
| Other amounts receivable | 41 | €52,539 | €77,403 | +€24,864 | +47.3% |
| Cash at bank and in hand | 54/58 | €641,517 | €1,538,269 | +€896,752 | +140% |
| Deferred charges and accrued income | 490/1 | €36,804 | €15,841 | -€20,963 | -57.0% |
| Total equity and liabilities | 10/49 | €5,359,304 | €5,096,122 | -€263,182 | -4.9% |
| Equity | 10/15 | €971,738 | €671,495 | -€300,243 | -30.9% |
| Contributions | 10/11 | €320,441 | €320,441 | = | 0.0% |
| Capital | 10 | €320,441 | €320,441 | = | 0.0% |
| Issued capital | 100 | €320,441 | €320,441 | = | 0.0% |
| Reserves | 13 | €32,044 | €32,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,044 | €32,044 | = | 0.0% |
| Legal reserve | 130 | €32,044 | €32,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €619,253 | €319,010 | -€300,243 | -48.5% |
| Amounts payable | 17/49 | €4,387,566 | €4,424,627 | +€37,061 | +0.8% |
| Amounts payable within one year | 42/48 | €4,243,445 | €4,212,091 | -€31,354 | -0.7% |
| Trade debts | 44 | €253,123 | €5,587 | -€247,536 | -97.8% |
| Suppliers | 440/4 | €253,123 | €5,587 | -€247,536 | -97.8% |
| Advances received on contracts in progress | 46 | €1,207,292 | €314,728 | -€892,564 | -73.9% |
| Taxes, remuneration and social security | 45 | €373,030 | €481,776 | +€108,746 | +29.2% |
| Taxes | 450/3 | €90,547 | €162,888 | +€72,341 | +79.9% |
| Remuneration and social security | 454/9 | €282,483 | €318,888 | +€36,405 | +12.9% |
| Other amounts payable | 47/48 | €2,410,000 | €3,410,000 | +€1.0m | +41.5% |
| Accrued charges and deferred income | 492/3 | €144,121 | €212,536 | +€68,415 | +47.5% |
| Turnover | 70 | €4,625,653 | €5,414,856 | +€789,203 | +17.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,747,146 | €3,058,722 | +€311,576 | +11.3% |
| Remuneration, social security and pensions | 62 | €1,173,046 | €1,301,280 | +€128,234 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,670 | €4,670 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,647 | €28,737 | +€21,090 | +276% |
| Other operating charges | 640/8 | €96 | €2,178 | +€2,082 | +2,169% |
| Gross operating margin | 9900 | €1,973,297 | €2,273,270 | +€299,973 | +15.2% |
| Operating profit (loss) | 9901 | €787,838 | €936,405 | +€148,567 | +18.9% |
| Financial income | 75/76B | €36,804 | €35,594 | -€1,210 | -3.3% |
| Recurring financial income | 75 | €36,804 | €35,594 | -€1,210 | -3.3% |
| Financial charges | 65/66B | €2,397 | €3,510 | +€1,113 | +46.4% |
| Recurring financial charges | 65 | €2,397 | €3,510 | +€1,113 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €822,245 | €968,489 | +€146,244 | +17.8% |
| Income taxes | 67/77 | €234,195 | €268,732 | +€34,537 | +14.7% |
| Profit (loss) for the period | 9904 | €588,050 | €699,757 | +€111,707 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €588,050 | €699,757 | +€111,707 | +19.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.