WAW
Annual accounts 2025
micro format, filed on 24-07-2026, 7 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €159,538 on 31-12-2025in euro
in euro
Position in the sector
50.7%
Higher than 65% of 22,924 companies in 2025.
2.16
Higher than 66% of 22,052 companies in 2025.
-12.3%
Higher than 16% of 22,202 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
159,538 | 183,275 | 200,566 | 199,577 | 211,021 | 206,148 | 201,469 | 190,444 | 321,083 | 313,257 | 291,258 | 269,290 | 250,787 | 245,172 | 204,438 | 202,795 | 222,608 | 200,995 | 213,763 | 200,451 | |
21/28 |
168 | 8,052 | 16,062 | 22,633 | 30,503 | 44,676 | 58,848 | 68,361 | 81,348 | 69,322 | 72,316 | 80,293 | 88,279 | 78,236 | 82,630 | 84,017 | 88,521 | 92,224 | 102,266 | 112,018 | |
22/27 |
168 | 8,052 | 15,937 | 22,508 | 30,378 | 44,551 | 58,723 | 68,236 | 81,223 | 69,197 | 72,191 | 80,168 | 88,154 | 78,111 | 82,505 | 83,892 | 88,396 | 92,099 | 102,141 | 111,893 | |
22 |
0 | 6,551 | 13,103 | 19,655 | 26,207 | 32,758 | 39,310 | 45,862 | 52,414 | 58,965 | 65,517 | 69,091 | 72,665 | 76,238 | 79,812 | 83,386 | 86,959 | 90,533 | 94,107 | 97,680 | |
23 |
0 | 767 | 1,534 | 2,301 | 3,068 | 3,835 | 4,602 | 5,369 | 6,136 | 6,903 | - | 521 | 1,043 | 1,564 | 2,086 | - | - | - | 577 | 1,208 | |
24 |
168 | 734 | 1,300 | 552 | 1,104 | 7,958 | 14,811 | 17,005 | 22,673 | 3,329 | 6,674 | 10,556 | 14,447 | 308 | 607 | 506 | 1,437 | 1,566 | 7,457 | 13,004 | |
28 |
- | 0 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | |
29/58 |
159,370 | 175,223 | 184,504 | 176,944 | 180,518 | 161,472 | 142,620 | 122,083 | 239,735 | 243,935 | 218,942 | 188,997 | 162,507 | 166,936 | 121,809 | 118,778 | 134,087 | 108,770 | 111,497 | 88,433 | |
3 |
29,532 | 36,514 | 38,961 | 33,332 | 33,996 | 42,860 | 42,847 | 31,889 | 34,717 | 33,706 | 30,461 | 31,471 | 32,464 | 32,780 | 24,917 | 27,163 | 34,753 | 34,728 | 30,382 | 32,518 | |
30/36 |
29,532 | 36,514 | 38,961 | 33,332 | 33,996 | 42,860 | 42,847 | 31,889 | 34,717 | 33,706 | 30,461 | 31,471 | 32,464 | 32,780 | 24,917 | 27,163 | 34,753 | 34,728 | 30,382 | 32,518 | |
40/41 |
826 | 5,859 | 3,571 | 7,191 | 6,224 | 2,085 | 5,408 | 3,247 | 4,250 | 3,139 | 4,750 | 5,449 | 9,867 | 9,664 | 1,709 | 2,294 | 4,851 | 6,518 | 12,344 | 10,553 | |
40 |
132 | 2,403 | 1,026 | 4,370 | 5,469 | 0 | 604 | - | 1,564 | 453 | 1,869 | 201 | 5,110 | 9,342 | 1,458 | 1,675 | 4,118 | 5,191 | 12,144 | 8,226 | |
41 |
694 | 3,456 | 2,545 | 2,821 | 754 | 2,085 | 4,804 | 3,247 | 2,686 | 2,686 | 2,881 | 5,248 | 4,757 | 322 | 251 | 619 | 733 | 1,327 | 200 | 2,327 | |
50/53 |
- | 0 | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
126,528 | 130,572 | 89,342 | 134,848 | 138,963 | 115,235 | 92,415 | 85,251 | 198,326 | 204,532 | 180,892 | 149,607 | 117,483 | 121,860 | 93,803 | 88,006 | 92,767 | 65,164 | 66,960 | 43,454 | |
490/1 |
2,484 | 2,279 | 2,631 | 1,573 | 1,335 | 1,291 | 1,950 | 1,697 | 2,442 | 2,558 | 2,839 | 2,470 | 2,693 | 2,632 | 1,380 | 1,315 | 1,716 | 2,361 | 1,811 | 1,908 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
159,538 | 183,275 | 200,566 | 199,577 | 211,021 | 206,148 | 201,469 | 190,444 | 321,083 | 313,257 | 291,258 | 269,290 | 250,787 | 245,172 | 204,438 | 202,795 | 222,608 | 200,995 | 213,763 | 200,451 | |
10/15 |
80,894 | 100,533 | 109,100 | 108,875 | 109,142 | 100,035 | 101,923 | 96,594 | 228,923 | 216,221 | 210,148 | 194,244 | 181,805 | 191,453 | 170,982 | 148,925 | 132,282 | 112,325 | 100,005 | 86,674 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 149,092 | 149,092 | 149,092 | 149,092 | 149,092 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 149,092 | 149,092 | 149,092 | 149,092 | 149,092 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
86,481 | 86,481 | 88,147 | 86,322 | 84,990 | 75,882 | 79,831 | 79,831 | 79,831 | 67,129 | 61,056 | 45,152 | 32,713 | 172,861 | 152,390 | 130,333 | 113,690 | 93,733 | 81,413 | 68,082 | |
130/1 |
- | - | 0 | 4,470 | 4,470 | 4,470 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 4,470 | 4,470 | 4,470 | 3,835 | 3,530 | 2,730 | 2,105 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | 0 | 4,470 | 4,470 | 4,470 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 0 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | 3,948 | |
133 |
86,481 | 86,481 | 88,147 | 81,852 | 80,520 | 71,412 | 71,412 | 71,412 | 71,413 | 59,346 | 53,578 | 38,473 | 26,660 | 167,053 | 146,582 | 124,526 | 107,883 | 87,925 | 75,605 | 62,275 | |
14 |
-24,180 | -4,540 | 2,361 | 3,961 | 5,561 | 5,561 | 3,500 | -1,829 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
78,644 | 82,742 | 91,467 | 90,702 | 101,879 | 106,113 | 99,546 | 93,850 | 92,160 | 97,036 | 81,110 | 75,047 | 68,982 | 53,719 | 33,457 | 53,869 | 90,326 | 88,670 | 113,758 | 113,777 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,941 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,941 | |
42/48 |
73,650 | 76,973 | 87,146 | 87,454 | 98,456 | 102,520 | 96,543 | 90,968 | 89,185 | 94,050 | 81,110 | 75,047 | 68,982 | 53,719 | 33,457 | 53,869 | 90,326 | 88,670 | 113,758 | 108,816 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,941 | 5,710 | |
44 |
358 | 2,755 | 734 | 508 | 1,635 | 5,607 | 4,844 | 1,725 | 317 | 3,752 | 1,915 | 3,888 | 8,885 | 4,507 | 4,288 | 7,923 | 20,008 | 39,686 | 55,863 | 67,534 | |
440/4 |
358 | 2,755 | 734 | 508 | 1,635 | 5,607 | 4,844 | 1,725 | 317 | 3,752 | 1,915 | 3,888 | 8,885 | 4,507 | 4,288 | 7,923 | 20,008 | 39,686 | 55,863 | 67,534 | |
45 |
5,753 | 4,265 | 11,746 | 8,608 | 16,203 | 3,427 | 3,153 | 1,443 | 2,408 | 2,243 | 3,520 | 4,669 | 2,540 | 5,330 | 4,130 | 3,600 | 3,917 | 1,188 | 4,955 | 2,861 | |
450/3 |
5,753 | 4,265 | 5,950 | 5,711 | 7,510 | 3,427 | 3,153 | 1,443 | 2,408 | 2,243 | 3,520 | 4,669 | 2,540 | 5,330 | 4,130 | 3,600 | 3,917 | 1,188 | 4,955 | 2,861 | |
454/9 |
- | 0 | 5,796 | 2,898 | 8,693 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
67,539 | 69,953 | 74,666 | 78,338 | 80,617 | 93,485 | 88,545 | 87,800 | 86,461 | 88,056 | 75,676 | 66,489 | 57,557 | 43,881 | 25,039 | 42,347 | 66,402 | 47,795 | 48,000 | 32,711 | |
492/3 |
4,994 | 5,769 | 4,321 | 3,248 | 3,423 | 3,593 | 3,003 | 2,882 | 2,975 | 2,986 | - | - | - | - | - | - | - | - | - | 20 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | 111,274 | - | - | - | - | - | - | - | - | 129,113 | - | - | - | - | |
76A |
- | - | - | - | - | 0 | 579 | 1,074 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-4,390 | 8,910 | 17,884 | 16,209 | 31,823 | 19,365 | 27,040 | 20,234 | 40,977 | 24,054 | 35,020 | 29,530 | 17,914 | 33,260 | 36,302 | 31,870 | 33,838 | 31,219 | 33,257 | 51,028 | |
60/61 |
- | - | - | - | - | - | 88,563 | - | - | - | - | - | - | - | - | 99,333 | - | - | - | - | |
630 |
7,884 | 7,885 | 8,269 | 7,871 | 14,173 | 14,172 | 14,172 | 12,987 | 16,316 | 10,664 | 7,977 | 7,986 | 8,276 | 4,394 | 4,901 | 4,504 | 4,653 | 10,042 | 10,701 | 10,835 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | -502 | - | - | - | - | - | - | |
640/8 |
1,915 | 1,987 | 2,223 | 1,750 | 1,802 | 1,719 | 1,681 | 1,951 | 2,963 | 2,047 | 1,096 | 1,093 | 1,084 | 2,502 | 1,040 | 1,027 | 1,024 | 1,116 | 1,030 | 1,019 | |
9901 |
-14,190 | -962 | 7,392 | 6,589 | 15,848 | 3,474 | 11,186 | 5,295 | 21,699 | 11,342 | 25,947 | 20,451 | 8,554 | 26,865 | 30,361 | 26,339 | 28,162 | 20,062 | 21,527 | 39,175 | |
75/76B |
673 | 1,655 | 688 | 1 | 888 | 229 | 182 | 422 | 132 | 735 | 1,012 | 1,128 | 1,253 | 2,628 | 1,841 | 399 | 2,619 | 1,036 | 298 | 839 | |
75 |
673 | 1,655 | 688 | 1 | 888 | 229 | 182 | 422 | 132 | 735 | 1,012 | 1,128 | 1,253 | 2,628 | 1,841 | 399 | 2,619 | 1,036 | 298 | 839 | |
65/66B |
5,817 | 6,696 | 4,984 | 4,329 | 4,633 | 4,676 | 3,838 | 6,982 | 3,808 | 4,859 | 6,799 | 6,461 | 4,684 | 3,939 | 4,559 | 6,278 | 5,781 | 5,670 | 4,642 | 4,026 | |
65 |
5,817 | 6,696 | 4,984 | 4,329 | 4,633 | 4,676 | 3,838 | 6,982 | 3,808 | 4,859 | 6,799 | 6,461 | 4,684 | 3,939 | 4,559 | 6,278 | 5,781 | 5,670 | 4,642 | 4,026 | |
9903 |
-19,334 | -6,003 | 3,097 | 2,261 | 12,103 | -973 | 7,530 | -1,265 | 18,023 | 7,218 | 20,160 | 15,118 | 5,123 | 25,555 | 27,644 | 20,460 | 25,000 | 15,428 | 17,183 | 35,988 | |
67/77 |
306 | 897 | 1,205 | 929 | 2,996 | 915 | 2,201 | 564 | 5,321 | 1,144 | 4,256 | 2,679 | 271 | 5,083 | 5,588 | 3,816 | 5,043 | 3,108 | 3,853 | 5,653 | |
9904 |
-19,640 | -6,900 | 1,891 | 1,332 | 9,107 | -1,888 | 5,329 | -1,829 | 12,702 | 6,073 | 15,904 | 12,439 | 4,852 | 20,471 | 22,056 | 16,644 | 19,957 | 12,320 | 13,330 | 30,335 | |
789 |
- | - | - | - | 0 | 3,948 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-19,640 | -6,900 | 1,891 | 1,332 | 9,107 | 2,060 | 5,329 | -1,829 | 12,702 | 6,073 | 15,904 | 12,439 | 4,852 | 20,471 | 22,056 | 16,644 | 19,957 | 12,320 | 13,330 | 30,335 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-24,180 | -4,540 | 5,852 | 6,893 | 14,668 | 5,561 | 3,500 | -1,829 | 12,702 | 6,073 | 15,904 | 12,439 | 4,852 | 20,471 | 22,056 | 16,644 | 19,957 | 12,320 | 13,330 | 30,335 | |
14P |
-4,540 | 2,361 | 3,961 | 5,561 | 5,561 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 1,666 | - | - | - | - | - | - | - | - | - | - | 145,000 | - | - | - | - | - | - | - | |
691/2 |
- | 0 | 1,825 | 1,332 | 9,107 | - | - | - | 12,702 | 6,073 | 15,904 | 12,439 | 4,852 | 20,471 | 22,056 | 16,644 | 19,957 | 12,320 | 13,330 | 18,335 | |
6920 |
- | - | - | - | - | - | - | - | 635 | 305 | 800 | 625 | 246 | - | - | - | - | - | - | - | |
6921 |
- | 0 | 1,825 | 1,332 | 9,107 | - | - | - | 12,067 | 5,768 | 15,104 | 11,814 | 4,606 | 20,471 | 22,056 | 16,644 | 19,957 | 12,320 | 13,330 | 18,335 | |
694/7 |
0 | 1,666 | 1,666 | 1,600 | - | - | - | - | - | - | - | - | 145,000 | - | - | - | - | - | - | 12,000 | |
694 |
0 | 1,666 | 1,666 | 1,600 | - | - | - | - | - | - | - | - | 145,000 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,000 | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00328021 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00116183 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00202243 | |
| 31-12-2022 | micro format | 01-06-2023 | 2023-00107629 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20164834 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62300329 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-45300275 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51200282 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56000496 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57700086 | |
| 31-12-2015 | abbreviated format | 23-08-2016 | 2016-46300597 | |
| 31-12-2014 | abbreviated format | 18-08-2015 | 2015-43900268 | |
| 31-12-2013 | abbreviated format | 01-07-2014 | 2014-25100595 | |
| 31-12-2012 | abbreviated format | 09-08-2013 | 2013-41300353 | |
| 31-12-2011 | abbreviated format | 13-08-2012 | 2012-40300037 | |
| 31-12-2010 | abbreviated format | 28-07-2011 | 2011-35000378 | |
| 31-12-2009 | abbreviated format | 30-07-2010 | 2010-36500546 | |
| 31-12-2008 | abbreviated format | 16-07-2009 | 2009-43400268 | |
| 31-12-2007 | abbreviated format | 25-07-2008 | 2008-47000376 | |
| 31-12-2006 | abbreviated format | 18-07-2007 | 2007-42000029 | |
| 31-12-2005 | abbreviated format | 26-07-2006 | 2006-52100233 | |
| 31-12-2004 | abbreviated format | 29-09-2005 | 2005-72600157 | |
| 31-12-2003 | abbreviated format | 28-10-2004 | 2004-75500008 | |
| 31-12-2002 | abbreviated format | 10-11-2003 | 2003-78300166 | |
| 31-12-2001 | abbreviated format | 31-12-2002 | 2002-79400112 | |
| 31-12-2000 | abbreviated format | 16-11-2001 | 2001-69800024 | |
| 31-12-1999 | abbreviated format | 17-10-2000 | 2000-65200187 | |
| 31-12-1998 | abbreviated format | 21-09-1999 | 1999-47700382 | |
| 31-12-1997 | abbreviated format | 04-11-1998 | 1998-55802885 | |
| 31-12-1996 | abbreviated format | 05-11-1997 | 1997-51505260 | |
| 31-12-1995 | abbreviated format | 02-12-1996 | 1996-52101977 | |
| 31-12-1994 | abbreviated format | 14-12-1995 | 1995-59904451 | |
| 31-12-1993 | abbreviated format | 01-07-1994 | 1994-25204968 |
Subsidies and aid
Flemish government 2025, 1 entry, €1,680 awarded, €1,680 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6,306 | 6,923 | 15,661 | 14,460 | 30,021 | 17,646 | 25,358 | 18,282 | 38,014 | 22,006 | 33,924 | 28,437 | 16,830 | 31,260 | 35,262 | 30,843 | 32,814 | 30,103 | 32,228 | 50,010 | ||
| -11,756 | 985 | 10,160 | 9,203 | 23,280 | 12,284 | 19,502 | 11,158 | 29,018 | 16,738 | 23,881 | 20,425 | 13,128 | 24,865 | 26,957 | 21,148 | 24,610 | 22,362 | 24,031 | 41,170 | ||
| 0 | -125 | 1,698 | 0 | 0 | 0 | 4,660 | 0 | 28,341 | 7,670 | 0 | 0 | 18,320 | 0 | 3,514 | 0 | 950 | 0 | 949 | 2,121 | ||
| -4,044 | 41,230 | -45,506 | -4,115 | 23,728 | 22,821 | 7,164 | -113,075 | -6,206 | 23,640 | 31,285 | 32,124 | -4,377 | 28,058 | 5,797 | -4,761 | 27,603 | -1,797 | 23,507 | - | ||
| 85,720 | 98,250 | 97,358 | 89,490 | 82,062 | 58,952 | 46,078 | 31,115 | 150,550 | 149,885 | 137,831 | 113,950 | 93,526 | 113,217 | 88,352 | 64,909 | 43,761 | 20,101 | -2,261 | -20,383 | ||
| - | - | - | - | - | - | 10.1% | - | - | - | - | - | - | - | - | 20.4% | - | - | - | - | ||
| 50.7% | 54.9% | 54.4% | 54.6% | 51.7% | 48.5% | 50.6% | 50.7% | 71.3% | 69.0% | 72.2% | 72.1% | 72.5% | 78.1% | 83.6% | 73.4% | 59.4% | 55.9% | 46.8% | 43.2% | ||
| 2.16 | 2.28 | 2.12 | 2.02 | 1.83 | 1.58 | 1.48 | 1.34 | 2.69 | 2.59 | 2.70 | 2.52 | 2.36 | 3.11 | 3.64 | 2.20 | 1.48 | 1.23 | 0.98 | 0.81 | ||
| 1.76 | 1.80 | 1.67 | 1.64 | 1.49 | 1.16 | 1.03 | 0.99 | 2.30 | 2.24 | 2.32 | 2.10 | 1.89 | 2.50 | 2.90 | 1.70 | 1.10 | 0.84 | 0.71 | 0.51 | ||
| 0.97 | 0.82 | 0.84 | 0.83 | 0.93 | 1.06 | 0.98 | 0.97 | 0.40 | 0.45 | 0.39 | 0.39 | 0.38 | 0.28 | 0.20 | 0.36 | 0.68 | 0.79 | 1.14 | 1.31 | ||
| -24.3% | -6.9% | 1.7% | 1.2% | 8.3% | -1.9% | 5.2% | -1.9% | 5.5% | 2.8% | 7.6% | 6.4% | 2.7% | 10.7% | 12.9% | 11.2% | 15.1% | 11.0% | 13.3% | 35.0% | ||
| -12.3% | -3.8% | 0.9% | 0.7% | 4.3% | -0.9% | 2.6% | -1.0% | 4.0% | 1.9% | 5.5% | 4.6% | 1.9% | 8.3% | 10.8% | 8.2% | 9.0% | 6.1% | 6.2% | 15.1% | ||
| -1.08 | 1.03 | 3.14 | 3.34 | 6.48 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | 2 days | - | - | - | - | - | - | - | - | 5 days | - | - | - | - | ||
| - | - | - | - | - | - | 20 days | - | - | - | - | - | - | - | - | 29 days | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,698 | - | - |
| €7,884 | €7,885 | €8,269 | €7,871 | €14,173 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on WAW
The operating result for 2025 is a loss of €14,190, larger than the loss of €962 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 45.1% to 49.3%. Equity and debt are lower.