AllWaves: 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.
AllWaves
Largest movements
- Cash -€696,599
down €696,599 (-87.5%), from €795,661 to €99,062
mainly Short-term financial debts (-€1.1m) and Net result for the year (-€896,685)
- Financial fixed assets -€63,000
no longer reported in 2025 (was €63,000)
- Debts after one year +€1.3m
up €1.3m (+658%), from €200,000 to €1.5m
- Short-term financial debts -€1.1m
down €1.1m (-89.8%), from €1.2m to €125,000
of which Other loans: -€600,000
- Profit (loss) carried forward -€896,685
down €896,685 (-300%), from -€298,634 to -€1.2m
- Trade debts -€40,192
down €40,192 (-79.7%), from €50,409 to €10,216
- Financial income -€386,560
down €386,560 (-73.5%), from €526,251 to €139,692
- Gross operating margin -€241,761
down €241,761 (-55.2%), from -€437,615 to -€679,376
- Financial charges +€151,024
up €151,024 (+351%), from €43,079 to €194,103
- Staff costs -€92,119
down €92,119 (-37.3%), from €246,653 to €154,534
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,428,389 | €2,703,372 | -€725,017 | -21.1% |
| Fixed assets | 21/28 | €2,604,715 | €2,571,667 | -€33,049 | -1.3% |
| Intangible fixed assets | 21 | €2,541,715 | €2,571,667 | +€29,951 | +1.2% |
| Financial fixed assets | 28 | €63,000 | - | -€63,000 | |
| Current assets | 29/58 | €823,674 | €131,705 | -€691,969 | -84.0% |
| Amounts receivable within one year | 40/41 | €14,597 | €29,473 | +€14,876 | +102% |
| Trade receivables | 40 | €421 | €421 | = | 0.0% |
| Other amounts receivable | 41 | €14,176 | €29,052 | +€14,876 | +105% |
| Cash at bank and in hand | 54/58 | €795,661 | €99,062 | -€696,599 | -87.5% |
| Deferred charges and accrued income | 490/1 | €13,415 | €3,169 | -€10,246 | -76.4% |
| Total equity and liabilities | 10/49 | €3,428,389 | €2,703,372 | -€725,017 | -21.1% |
| Equity | 10/15 | €1,920,400 | €1,023,715 | -€896,685 | -46.7% |
| Contributions | 10/11 | €2,219,034 | €2,219,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,634 | -€1,195,319 | -€896,685 | -300% |
| Amounts payable | 17/49 | €1,507,989 | €1,679,657 | +€171,667 | +11.4% |
| Amounts payable after more than one year | 17 | €200,000 | €1,516,000 | +€1.3m | +658% |
| Financial debts | 170/4 | €200,000 | €1,516,000 | +€1.3m | +658% |
| Amounts payable within one year | 42/48 | €1,307,989 | €163,657 | -€1.1m | -87.5% |
| Financial debts | 43 | €1,225,000 | €125,000 | -€1.1m | -89.8% |
| Credit institutions | 430/8 | €625,000 | €125,000 | -€500,000 | -80.0% |
| Other loans | 439 | €600,000 | - | -€600,000 | |
| Trade debts | 44 | €50,409 | €10,216 | -€40,192 | -79.7% |
| Suppliers | 440/4 | €50,409 | €10,216 | -€40,192 | -79.7% |
| Taxes, remuneration and social security | 45 | €32,581 | €8,441 | -€24,140 | -74.1% |
| Taxes | 450/3 | €3,724 | - | -€3,724 | |
| Remuneration and social security | 454/9 | €28,857 | €8,441 | -€20,416 | -70.8% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €246,653 | €154,534 | -€92,119 | -37.3% |
| Other operating charges | 640/8 | €2,713 | €5,863 | +€3,150 | +116% |
| Gross operating margin | 9900 | -€437,615 | -€679,376 | -€241,761 | -55.2% |
| Operating profit (loss) | 9901 | -€686,981 | -€839,774 | -€152,793 | -22.2% |
| Financial income | 75/76B | €526,251 | €139,692 | -€386,560 | -73.5% |
| Recurring financial income | 75 | €526,251 | €139,692 | -€386,560 | -73.5% |
| Financial charges | 65/66B | €43,079 | €194,103 | +€151,024 | +351% |
| Recurring financial charges | 65 | €43,079 | €194,103 | +€151,024 | +351% |
| Profit (loss) for the period before taxes | 9903 | -€203,808 | -€894,184 | -€690,376 | -339% |
| Income taxes | 67/77 | €347 | €2,501 | +€2,154 | +621% |
| Profit (loss) for the period | 9904 | -€204,155 | -€896,685 | -€692,530 | -339% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,155 | -€896,685 | -€692,530 | -339% |
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 31 October 2026 via checked.be.