2 WAPPI ENGINEERING: 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.
2 WAPPI ENGINEERING
Largest movements
- Receivables within one year -€25,924
down €25,924 (-64.3%), from €40,334 to €14,410
of which Trade receivables: -€37,860
- Cash -€18,154
down €18,154 (-35.8%), from €50,780 to €32,626
mainly Other debts (-€14,958) and Investment in fixed assets (net) (-€10,672)
- Tangible fixed assets +€7,756
up €7,756 (+225.1%), from €3,445 to €11,201
of which Furniture and vehicles: +€8,271
- Other debts -€14,958
down €14,958 (-59.1%), from €25,311 to €10,353
- Profit (loss) carried forward -€14,446
down €14,446 (-37.7%), from €38,366 to €23,920
- Tax, wage and social debts -€7,117
down €7,117 (-98.2%), from €7,251 to €134
- Gross operating margin -€49,079
down €49,079 (-99.0%), from €49,568 to €489
- Taxes -€10,473
down €10,473 (-97.8%), from €10,711 to €238
- Depreciation +€791
up €791 (+29.0%), from €2,725 to €3,516
- Financial charges -€649
down €649 (-48.4%), from €1,340 to €691
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 | €97,672 | €61,153 | -€36,519 | -37.4% |
| Fixed assets | 21/28 | €4,642 | €11,798 | +€7,156 | +154.2% |
| Intangible fixed assets | 21 | €928 | €328 | -€600 | -64.7% |
| Tangible fixed assets | 22/27 | €3,445 | €11,201 | +€7,756 | +225.1% |
| Plant, machinery and equipment | 23 | €3,445 | €2,930 | -€515 | -14.9% |
| Furniture and vehicles | 24 | - | €8,271 | +€8,271 | |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €93,030 | €49,355 | -€43,675 | -46.9% |
| Amounts receivable within one year | 40/41 | €40,334 | €14,410 | -€25,924 | -64.3% |
| Trade receivables | 40 | €40,334 | €2,474 | -€37,860 | -93.9% |
| Other amounts receivable | 41 | - | €11,936 | +€11,936 | |
| Cash at bank and in hand | 54/58 | €50,780 | €32,626 | -€18,154 | -35.8% |
| Deferred charges and accrued income | 490/1 | €1,916 | €2,319 | +€403 | +21.0% |
| Total equity and liabilities | 10/49 | €97,672 | €61,153 | -€36,519 | -37.4% |
| Equity | 10/15 | €63,826 | €49,380 | -€14,446 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,366 | €23,920 | -€14,446 | -37.7% |
| Amounts payable | 17/49 | €33,846 | €11,773 | -€22,073 | -65.2% |
| Amounts payable within one year | 42/48 | €33,846 | €11,773 | -€22,073 | -65.2% |
| Trade debts | 44 | €1,284 | €1,286 | +€2 | +0.2% |
| Suppliers | 440/4 | €1,284 | €1,286 | +€2 | +0.2% |
| Taxes, remuneration and social security | 45 | €7,251 | €134 | -€7,117 | -98.2% |
| Taxes | 450/3 | €7,251 | €134 | -€7,117 | -98.2% |
| Other amounts payable | 47/48 | €25,311 | €10,353 | -€14,958 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €3,516 | +€791 | +29.0% |
| Other operating charges | 640/8 | €387 | €619 | +€232 | +59.9% |
| Gross operating margin | 9900 | €49,568 | €489 | -€49,079 | -99.0% |
| Operating profit (loss) | 9901 | €46,456 | -€3,646 | -€50,102 | |
| Financial income | 75/76B | €57 | €482 | +€425 | +745.6% |
| Recurring financial income | 75 | €57 | €482 | +€425 | +745.6% |
| Financial charges | 65/66B | €1,340 | €691 | -€649 | -48.4% |
| Recurring financial charges | 65 | €1,340 | €691 | -€649 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €45,173 | -€3,855 | -€49,028 | |
| Income taxes | 67/77 | €10,711 | €238 | -€10,473 | -97.8% |
| Profit (loss) for the period | 9904 | €34,462 | -€4,093 | -€38,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,462 | -€4,093 | -€38,555 |
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.