WPW: 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.
WPW
Largest movements
- Cash +€179,705
up €179,705 (+131.7%), from €136,477 to €316,182
mainly Net result for the year (+€134,134) and Receivables after one year (+€70,000)
- Receivables after one year -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets +€58,663
up €58,663 (+4822.2%), from €1,217 to €59,880
- Profit (loss) carried forward +€134,134
up €134,134 (+90.4%), from €148,392 to €282,526
- Tax, wage and social debts +€38,742
up €38,742 (+68.7%), from €56,412 to €95,153
- Gross operating margin -€11,649
down €11,649 (-6.0%), from €193,073 to €181,424
- Depreciation +€8,825
up €8,825 (+3113.1%), from €283 to €9,108
- Taxes -€5,444
down €5,444 (-12.2%), from €44,663 to €39,218
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 | €211,487 | €382,743 | +€171,256 | +81.0% |
| Fixed assets | 21/28 | €1,217 | €59,880 | +€58,663 | +4822.2% |
| Tangible fixed assets | 22/27 | €1,217 | €59,880 | +€58,663 | +4822.2% |
| Furniture and vehicles | 24 | €1,217 | €59,880 | +€58,663 | +4822.2% |
| Current assets | 29/58 | €210,270 | €322,863 | +€112,593 | +53.5% |
| Amounts receivable after more than one year | 29 | €70,000 | - | -€70,000 | |
| Other amounts receivable | 291 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €136,477 | €316,182 | +€179,705 | +131.7% |
| Deferred charges and accrued income | 490/1 | €3,793 | €6,681 | +€2,888 | +76.1% |
| Total equity and liabilities | 10/49 | €211,487 | €382,743 | +€171,256 | +81.0% |
| Equity | 10/15 | €151,392 | €285,526 | +€134,134 | +88.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,392 | €282,526 | +€134,134 | +90.4% |
| Amounts payable | 17/49 | €60,095 | €97,217 | +€37,122 | +61.8% |
| Amounts payable within one year | 42/48 | €60,095 | €97,217 | +€37,122 | +61.8% |
| Trade debts | 44 | €3,683 | €693 | -€2,991 | -81.2% |
| Suppliers | 440/4 | €3,683 | €693 | -€2,991 | -81.2% |
| Taxes, remuneration and social security | 45 | €56,412 | €95,153 | +€38,742 | +68.7% |
| Taxes | 450/3 | €56,412 | €95,153 | +€38,742 | +68.7% |
| Other amounts payable | 47/48 | - | €1,371 | +€1,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €9,108 | +€8,825 | +3113.1% |
| Other operating charges | 640/8 | €470 | €309 | -€160 | -34.1% |
| Gross operating margin | 9900 | €193,073 | €181,424 | -€11,649 | -6.0% |
| Operating profit (loss) | 9901 | €192,320 | €172,007 | -€20,314 | -10.6% |
| Financial income | 75/76B | €781 | €1,390 | +€609 | +77.9% |
| Recurring financial income | 75 | €781 | €1,390 | +€609 | +77.9% |
| Financial charges | 65/66B | €47 | €44 | -€3 | -7.0% |
| Recurring financial charges | 65 | €47 | €44 | -€3 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €193,055 | €173,353 | -€19,702 | -10.2% |
| Income taxes | 67/77 | €44,663 | €39,218 | -€5,444 | -12.2% |
| Profit (loss) for the period | 9904 | €148,392 | €134,134 | -€14,258 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,392 | €134,134 | -€14,258 | -9.6% |
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 7 October 2026 via checked.be.