Body Wave: 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.
Body Wave
Largest movements
- Tangible fixed assets -€24,079
down €24,079 (-20.1%), from €119,652 to €95,573
of which Plant, machinery and equipment: -€17,051
- Receivables within one year +€10,593
up €10,593 (+233%), from €4,546 to €15,139
of which Trade receivables: +€5,886
- Current investments -€10,044
down €10,044 (-18.2%), from €55,044 to €45,000
- Cash -€4,451
down €4,451 (-17.7%), from €25,115 to €20,664
mainly Debts after one year (-€41,459) and Investment in fixed assets (net) (-€25,480)
- Debts after one year -€41,459
down €41,459 (-71.7%), from €57,860 to €16,402
- Reserves +€13,921
up €13,921 (+30.3%), from €45,869 to €59,789
of which Distributable reserves: +€13,921
- Current portion of long-term debt -€4,217
down €4,217 (-9.5%), from €44,460 to €40,244
- Tax, wage and social debts +€3,232
up €3,232 (+9.8%), from €32,825 to €36,057
of which Taxes: +€9,835
- Staff costs -€11,722
down €11,722 (-5.7%), from €205,110 to €193,387
- Gross operating margin -€3,606
down €3,606 (-1.3%), from €278,635 to €275,029
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 | €220,922 | €193,526 | -€27,396 | -12.4% |
| Fixed assets | 21/28 | €119,652 | €95,573 | -€24,079 | -20.1% |
| Tangible fixed assets | 22/27 | €119,652 | €95,573 | -€24,079 | -20.1% |
| Plant, machinery and equipment | 23 | €53,192 | €36,140 | -€17,051 | -32.1% |
| Furniture and vehicles | 24 | €5,866 | €12,027 | +€6,161 | +105% |
| Leasing and similar rights | 25 | €11,319 | €6,174 | -€5,145 | -45.5% |
| Other tangible fixed assets | 26 | €49,275 | €41,232 | -€8,043 | -16.3% |
| Current assets | 29/58 | €101,270 | €97,953 | -€3,317 | -3.3% |
| Stocks and contracts in progress | 3 | €16,566 | €17,150 | +€584 | +3.5% |
| Stocks | 30/36 | €16,566 | €17,150 | +€584 | +3.5% |
| Amounts receivable within one year | 40/41 | €4,546 | €15,139 | +€10,593 | +233% |
| Trade receivables | 40 | €4,546 | €10,431 | +€5,886 | +129% |
| Other amounts receivable | 41 | - | €4,707 | +€4,707 | |
| Current investments | 50/53 | €55,044 | €45,000 | -€10,044 | -18.2% |
| Cash at bank and in hand | 54/58 | €25,115 | €20,664 | -€4,451 | -17.7% |
| Total equity and liabilities | 10/49 | €220,922 | €193,526 | -€27,396 | -12.4% |
| Equity | 10/15 | €72,869 | €86,789 | +€13,921 | +19.1% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €45,869 | €59,789 | +€13,921 | +30.3% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €36,869 | €50,789 | +€13,921 | +37.8% |
| Amounts payable | 17/49 | €148,053 | €106,737 | -€41,317 | -27.9% |
| Amounts payable after more than one year | 17 | €57,860 | €16,402 | -€41,459 | -71.7% |
| Financial debts | 170/4 | €57,860 | €16,402 | -€41,459 | -71.7% |
| Amounts payable within one year | 42/48 | €87,086 | €86,957 | -€129 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €44,460 | €40,244 | -€4,217 | -9.5% |
| Trade debts | 44 | €6,192 | €7,642 | +€1,450 | +23.4% |
| Suppliers | 440/4 | €6,192 | €7,642 | +€1,450 | +23.4% |
| Advances received on contracts in progress | 46 | €2,250 | €2,323 | +€73 | +3.3% |
| Taxes, remuneration and social security | 45 | €32,825 | €36,057 | +€3,232 | +9.8% |
| Taxes | 450/3 | €12,614 | €22,449 | +€9,835 | +78.0% |
| Remuneration and social security | 454/9 | €20,211 | €13,608 | -€6,603 | -32.7% |
| Other amounts payable | 47/48 | €1,358 | €691 | -€667 | -49.1% |
| Accrued charges and deferred income | 492/3 | €3,107 | €3,378 | +€270 | +8.7% |
| Non-recurring operating income | 76A | - | €3,387 | +€3,387 | |
| Remuneration, social security and pensions | 62 | €205,110 | €193,387 | -€11,722 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,730 | €49,559 | -€171 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,556 | €3,625 | +€69 | +1.9% |
| Other operating charges | 640/8 | €4,586 | €4,999 | +€413 | +9.0% |
| Gross operating margin | 9900 | €278,635 | €275,029 | -€3,606 | -1.3% |
| Operating profit (loss) | 9901 | €15,653 | €23,458 | +€7,805 | +49.9% |
| Financial income | 75/76B | €1,220 | €533 | -€687 | -56.3% |
| Recurring financial income | 75 | €1,220 | €533 | -€687 | -56.3% |
| Financial charges | 65/66B | €11,313 | €9,141 | -€2,172 | -19.2% |
| Recurring financial charges | 65 | €11,313 | €9,141 | -€2,172 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €5,560 | €14,849 | +€9,290 | +167% |
| Income taxes | 67/77 | €419 | €929 | +€510 | +122% |
| Profit (loss) for the period | 9904 | €5,140 | €13,921 | +€8,780 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €5,140 | €13,921 | +€8,780 | +171% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.