WSM: 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.
What changed
WSM
NACE 94.995, Activities of membership organisations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€192,289
2024 · €442,288-€250,000
Equity
€4.6m
2024 · €4.4m+€192,289
Cash
€3.6m
2024 · €2.9m+€702,020
Balance sheet total
€7.8m
2024 · €7.1m+€682,098
Largest movements
Assets
- Cash +€702,020
up €702,020 (+24.5%), from €2.9m to €3.6m
mainly Accrued charges and deferred income (+€601,584) and Net result for the year (+€192,289)
- Current investments -€163,857
down €163,857 (-5.6%), from €2.9m to €2.8m
- Receivables within one year +€146,483
up €146,483 (+13.0%), from €1.1m to €1.3m
of which Other amounts receivable: +€188,308
Equity and liabilities
- Accrued charges and deferred income +€601,584
up €601,584 (+90.2%), from €666,896 to €1.3m
- Provisions -€151,465
down €151,465 (-19.7%), from €768,393 to €616,927
- Profit (loss) carried forward +€145,836
up €145,836 (+6.6%), from €2.2m to €2.4m
Income statement
- Other operating charges +€603,652
up €603,652 (+10.7%), from €5.6m to €6.2m
- Staff costs +€385,436
up €385,436 (+10.4%), from €3.7m to €4.1m
- Financial income -€93,566
down €93,566 (-47.5%), from €196,783 to €103,216
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.
Result 2024
€442,288
Staff costs
-€385,436
Depreciation
-€4,837
Other operating charges
-€603,652
Other operating items
+€806,009
Financial income
-€93,566
Financial charges
+€3,336
Taxes
+€28,146
Result 2025
€192,289
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€549,615
Investment
+€152,405
Financing
€0
Cash 2024
€2.9m
From operations (derived)
+€549,615
Net result for the year
+€192,289
Depreciation
+€27,675
Receivables after one year
-€3,210
Receivables within one year
-€146,483
Deferred charges and accrued income
-€10,464
Provisions
-€151,465
Debts within one year
+€39,690
Accrued charges and deferred income
+€601,584
Investment (derived)
+€152,405
Investment in fixed assets (net)
-€11,453
Current investments
+€163,857
Cash 2025
€3.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,073,308 | €7,755,405 | +€682,098 | +9.6% |
| Fixed assets | 21/28 | €72,329 | €56,106 | -€16,223 | -22.4% |
| Intangible fixed assets | 21 | €13,130 | €9,378 | -€3,752 | -28.6% |
| Tangible fixed assets | 22/27 | €48,652 | €36,182 | -€12,471 | -25.6% |
| Plant, machinery and equipment | 23 | €18,653 | €11,246 | -€7,407 | -39.7% |
| Furniture and vehicles | 24 | €29,999 | €24,935 | -€5,064 | -16.9% |
| Financial fixed assets | 28 | €10,546 | €10,546 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,546 | €10,546 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,546 | €10,546 | = | 0.0% |
| Current assets | 29/58 | €7,000,979 | €7,699,299 | +€698,320 | +10.0% |
| Amounts receivable after more than one year | 29 | €24,075 | €27,285 | +€3,210 | +13.3% |
| Other amounts receivable | 291 | €24,075 | €27,285 | +€3,210 | +13.3% |
| Amounts receivable within one year | 40/41 | €1,128,500 | €1,274,983 | +€146,483 | +13.0% |
| Trade receivables | 40 | €88,681 | €46,857 | -€41,824 | -47.2% |
| Other amounts receivable | 41 | €1,039,818 | €1,228,126 | +€188,308 | +18.1% |
| Current investments | 50/53 | €2,924,266 | €2,760,409 | -€163,857 | -5.6% |
| Cash at bank and in hand | 54/58 | €2,870,112 | €3,572,132 | +€702,020 | +24.5% |
| Deferred charges and accrued income | 490/1 | €54,027 | €64,491 | +€10,464 | +19.4% |
| Total equity and liabilities | 10/49 | €7,073,308 | €7,755,405 | +€682,098 | +9.6% |
| Equity | 10/15 | €4,363,380 | €4,555,668 | +€192,289 | +4.4% |
| Contributions | 10/11 | €1,024,361 | €1,024,361 | = | 0.0% |
| Capital | 10 | €1,024,361 | €1,024,361 | = | 0.0% |
| Reserves | 13 | €1,132,695 | €1,179,148 | +€46,453 | +4.1% |
| Profit (loss) carried forward | 14 | €2,206,324 | €2,352,160 | +€145,836 | +6.6% |
| Provisions and deferred taxes | 16 | €768,393 | €616,927 | -€151,465 | -19.7% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €200,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,941,535 | €2,582,810 | +€641,274 | +33.0% |
| Amounts payable within one year | 42/48 | €1,274,639 | €1,314,330 | +€39,690 | +3.1% |
| Trade debts | 44 | €194,236 | €199,147 | +€4,911 | +2.5% |
| Suppliers | 440/4 | €194,236 | €199,147 | +€4,911 | +2.5% |
| Taxes, remuneration and social security | 45 | €532,529 | €618,123 | +€85,594 | +16.1% |
| Taxes | 450/3 | €42,754 | €57,952 | +€15,198 | +35.5% |
| Remuneration and social security | 454/9 | €489,775 | €560,171 | +€70,396 | +14.4% |
| Accrued charges and deferred income | 492/3 | €666,896 | €1,268,480 | +€601,584 | +90.2% |
| Operating income | 70/76A | €10,889,203 | €11,546,098 | +€656,895 | +6.0% |
| Membership fees, donations, legacies and grants | 73 | €10,788,656 | €11,446,533 | +€657,877 | +6.1% |
| Other operating income | 74 | €100,547 | €98,299 | -€2,248 | -2.2% |
| Non-recurring operating income | 76A | - | €1,266 | +€1,266 | |
| Operating charges | 60/66A | €10,559,404 | €11,404,214 | +€844,810 | +8.0% |
| Services and other goods | 61 | €1,157,575 | €1,196,925 | +€39,350 | +3.4% |
| Remuneration, social security and pensions | 62 | €3,710,832 | €4,096,267 | +€385,436 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,838 | €27,675 | +€4,837 | +21.2% |
| Other operating charges | 640/8 | €5,631,141 | €6,234,793 | +€603,652 | +10.7% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Operating profit (loss) | 9901 | €329,799 | €141,884 | -€187,915 | -57.0% |
| Financial income | 75/76B | €196,783 | €103,216 | -€93,566 | -47.5% |
| Recurring financial income | 75 | €196,783 | €103,216 | -€93,566 | -47.5% |
| Income from current assets | 751 | €196,474 | €103,042 | -€93,432 | -47.6% |
| Other financial income | 752/9 | €309 | €174 | -€135 | -43.6% |
| Financial charges | 65/66B | €25,251 | €21,915 | -€3,336 | -13.2% |
| Recurring financial charges | 65 | €16,828 | €21,915 | +€5,088 | +30.2% |
| Other financial charges | 652/9 | €16,828 | €21,915 | +€5,088 | +30.2% |
| Non-recurring financial charges | 66B | €8,424 | - | -€8,424 | |
| Profit (loss) for the period before taxes | 9903 | €501,330 | €223,185 | -€278,145 | -55.5% |
| Income taxes | 67/77 | €59,042 | €30,896 | -€28,146 | -47.7% |
| Taxes | 670/3 | €59,042 | €30,896 | -€28,146 | -47.7% |
| Profit (loss) for the period | 9904 | €442,288 | €192,289 | -€250,000 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €442,288 | €192,289 | -€250,000 | -56.5% |
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 14 October 2026 via checked.be.