WSP CONSTRUCT: 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.
WSP CONSTRUCT
Largest movements
- Receivables within one year +€7,367
up €7,367 (+23.9%), from €30,837 to €38,204
of which Other amounts receivable: +€11,959
- Tangible fixed assets -€4,731
down €4,731 (-18.9%), from €25,023 to €20,292
- Debts after one year -€10,482
no longer reported in 2025 (was €10,482)
- Profit (loss) carried forward +€7,938
up €7,938 (+24.4%), from €32,596 to €40,533
- Trade debts +€5,505
up €5,505 (+25956.9%), from €21 to €5,527
- Tax, wage and social debts -€1,116
down €1,116 (-28.9%), from €3,865 to €2,749
of which Taxes: -€616
- Gross operating margin +€9,847
up €9,847 (+149.2%), from €6,599 to €16,446
- Taxes +€2,200
up €2,200 (+9112.4%), from €24 to €2,224
- Depreciation -€1,577
down €1,577 (-25.0%), from €6,307 to €4,731
- Financial charges -€436
down €436 (-28.7%), from €1,519 to €1,082
- Financial income +€406
new in 2025: €406
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 | €58,957 | €61,291 | +€2,334 | +4.0% |
| Fixed assets | 21/28 | €25,023 | €20,292 | -€4,731 | -18.9% |
| Tangible fixed assets | 22/27 | €25,023 | €20,292 | -€4,731 | -18.9% |
| Furniture and vehicles | 24 | €25,023 | €20,292 | -€4,731 | -18.9% |
| Current assets | 29/58 | €33,934 | €40,999 | +€7,065 | +20.8% |
| Amounts receivable within one year | 40/41 | €30,837 | €38,204 | +€7,367 | +23.9% |
| Trade receivables | 40 | €30,404 | €25,812 | -€4,592 | -15.1% |
| Other amounts receivable | 41 | €433 | €12,392 | +€11,959 | +2761.1% |
| Cash at bank and in hand | 54/58 | €2,113 | €1,733 | -€380 | -18.0% |
| Deferred charges and accrued income | 490/1 | €984 | €1,062 | +€78 | +7.9% |
| Total equity and liabilities | 10/49 | €58,957 | €61,291 | +€2,334 | +4.0% |
| Equity | 10/15 | €34,596 | €42,533 | +€7,938 | +22.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,596 | €40,533 | +€7,938 | +24.4% |
| Amounts payable | 17/49 | €24,361 | €18,758 | -€5,603 | -23.0% |
| Amounts payable after more than one year | 17 | €10,482 | - | -€10,482 | |
| Financial debts | 170/4 | €10,482 | - | -€10,482 | |
| Amounts payable within one year | 42/48 | €13,879 | €18,758 | +€4,879 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €9,992 | €10,482 | +€490 | +4.9% |
| Trade debts | 44 | €21 | €5,527 | +€5,505 | +25956.9% |
| Suppliers | 440/4 | €21 | €5,527 | +€5,505 | +25956.9% |
| Taxes, remuneration and social security | 45 | €3,865 | €2,749 | -€1,116 | -28.9% |
| Taxes | 450/3 | €3,365 | €2,749 | -€616 | -18.3% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,307 | €4,731 | -€1,577 | -25.0% |
| Other operating charges | 640/8 | €488 | €878 | +€390 | +80.0% |
| Gross operating margin | 9900 | €6,599 | €16,446 | +€9,847 | +149.2% |
| Operating profit (loss) | 9901 | -€196 | €10,838 | +€11,034 | |
| Financial income | 75/76B | - | €406 | +€406 | |
| Recurring financial income | 75 | - | €406 | +€406 | |
| Financial charges | 65/66B | €1,519 | €1,082 | -€436 | -28.7% |
| Recurring financial charges | 65 | €1,519 | €1,082 | -€436 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,715 | €10,161 | +€11,876 | |
| Income taxes | 67/77 | €24 | €2,224 | +€2,200 | +9112.4% |
| Profit (loss) for the period | 9904 | -€1,739 | €7,938 | +€9,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,739 | €7,938 | +€9,676 |
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.