Be WaPP: 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.
Be WaPP
Largest movements
- Deferred charges and accrued income +€386,313
up €386,313 (+465.5%), from €82,989 to €469,302
- Cash -€281,764
down €281,764 (-32.9%), from €855,306 to €573,543
- Tangible fixed assets +€265,727
up €265,727 (+137.3%), from €193,509 to €459,236
of which Other tangible fixed assets: +€201,765
- Receivables within one year -€229,765
down €229,765 (-13.9%), from €1.7m to €1.4m
of which Trade receivables: -€693,553
- Accrued charges and deferred income +€427,538
up €427,538 (+43.1%), from €991,527 to €1.4m
- Debts within one year -€284,269
down €284,269 (-15.9%), from €1.8m to €1.5m
of which Trade debts: -€221,383
- Other operating charges -€123,335
down €123,335 (-99.3%), from €124,142 to €807
- Staff costs +€45,249
up €45,249 (+4.1%), from €1.1m to €1.1m
- Depreciation +€31,867
up €31,867 (+115.7%), from €27,551 to €59,417
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,784,491 | €2,927,760 | +€143,269 | +5.1% |
| Fixed assets | 21/28 | €193,939 | €462,423 | +€268,484 | +138.4% |
| Tangible fixed assets | 22/27 | €193,509 | €459,236 | +€265,727 | +137.3% |
| Plant, machinery and equipment | 23 | €1,159 | €0 | -€1,159 | -100.0% |
| Furniture and vehicles | 24 | €25,673 | €90,794 | +€65,121 | +253.7% |
| Other tangible fixed assets | 26 | €166,677 | €368,442 | +€201,765 | +121.1% |
| Financial fixed assets | 28 | €430 | €3,187 | +€2,757 | +641.2% |
| Current assets | 29/58 | €2,590,552 | €2,465,336 | -€125,215 | -4.8% |
| Amounts receivable within one year | 40/41 | €1,652,256 | €1,422,491 | -€229,765 | -13.9% |
| Trade receivables | 40 | €1,534,595 | €841,042 | -€693,553 | -45.2% |
| Other amounts receivable | 41 | €117,661 | €581,450 | +€463,789 | +394.2% |
| Cash at bank and in hand | 54/58 | €855,306 | €573,543 | -€281,764 | -32.9% |
| Deferred charges and accrued income | 490/1 | €82,989 | €469,302 | +€386,313 | +465.5% |
| Total equity and liabilities | 10/49 | €2,784,491 | €2,927,760 | +€143,269 | +5.1% |
| Amounts payable | 17/49 | €2,784,491 | €2,927,760 | +€143,269 | +5.1% |
| Amounts payable within one year | 42/48 | €1,792,964 | €1,508,695 | -€284,269 | -15.9% |
| Trade debts | 44 | €1,438,076 | €1,216,693 | -€221,383 | -15.4% |
| Suppliers | 440/4 | €1,438,076 | €1,216,693 | -€221,383 | -15.4% |
| Taxes, remuneration and social security | 45 | €304,888 | €292,002 | -€12,886 | -4.2% |
| Taxes | 450/3 | €166,868 | €139,319 | -€27,549 | -16.5% |
| Remuneration and social security | 454/9 | €138,020 | €152,683 | +€14,663 | +10.6% |
| Accrued charges and deferred income | 492/3 | €991,527 | €1,419,065 | +€427,538 | +43.1% |
| Non-recurring operating income | 76A | - | €412 | +€412 | |
| Remuneration, social security and pensions | 62 | €1,096,894 | €1,142,143 | +€45,249 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,551 | €59,417 | +€31,867 | +115.7% |
| Other operating charges | 640/8 | €124,142 | €807 | -€123,335 | -99.3% |
| Non-recurring operating charges | 66A | - | €57,316 | +€57,316 | |
| Gross operating margin | 9900 | €1,251,069 | €1,263,455 | +€12,385 | +1.0% |
| Operating profit (loss) | 9901 | €2,482 | €3,771 | +€1,289 | +51.9% |
| Financial income | 75/76B | €785 | €864 | +€79 | +10.1% |
| Recurring financial income | 75 | €785 | €864 | +€79 | +10.1% |
| Financial charges | 65/66B | €3,267 | €4,635 | +€1,368 | +41.9% |
| Recurring financial charges | 65 | €3,267 | €4,635 | +€1,368 | +41.9% |
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 10 October 2026 via checked.be.