CLEAN WAVES: 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.
CLEAN WAVES
Largest movements
- Cash +€33,344
up €33,344 (+68.9%), from €48,424 to €81,767
mainly Net result for the year (+€20,680) and Depreciation (+€8,903)
- Tangible fixed assets -€8,550
down €8,550 (-32.3%), from €26,474 to €17,925
- Stocks and contracts -€6,717
down €6,717 (-32.6%), from €20,624 to €13,907
- Reserves +€18,800
up €18,800 (+30.5%), from €61,739 to €80,538
of which Distributable reserves: +€18,800
- Other debts -€4,489
down €4,489 (-70.7%), from €6,349 to €1,860
- Tax, wage and social debts +€3,455
up €3,455 (+45.9%), from €7,531 to €10,986
of which Taxes: +€3,527
- Gross operating margin +€3,864
up €3,864 (+11.0%), from €35,213 to €39,078
- Taxes +€802
up €802 (+11.8%), from €6,777 to €7,579
- Depreciation +€641
up €641 (+7.8%), from €8,262 to €8,903
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 | €95,522 | €113,599 | +€18,077 | +18.9% |
| Fixed assets | 21/28 | €26,474 | €17,925 | -€8,550 | -32.3% |
| Tangible fixed assets | 22/27 | €26,474 | €17,925 | -€8,550 | -32.3% |
| Furniture and vehicles | 24 | €26,474 | €17,925 | -€8,550 | -32.3% |
| Current assets | 29/58 | €69,048 | €95,674 | +€26,627 | +38.6% |
| Stocks and contracts in progress | 3 | €20,624 | €13,907 | -€6,717 | -32.6% |
| Contracts in progress | 37 | €20,624 | €13,907 | -€6,717 | -32.6% |
| Cash at bank and in hand | 54/58 | €48,424 | €81,767 | +€33,344 | +68.9% |
| Total equity and liabilities | 10/49 | €95,522 | €113,599 | +€18,077 | +18.9% |
| Equity | 10/15 | €80,331 | €99,130 | +€18,800 | +23.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,739 | €80,538 | +€18,800 | +30.5% |
| Non-distributable reserves | 130/1 | €398 | €398 | = | 0.0% |
| Reserves not available under the articles | 1311 | €398 | €398 | = | 0.0% |
| Distributable reserves | 133 | €61,340 | €80,140 | +€18,800 | +30.6% |
| Amounts payable | 17/49 | €15,191 | €14,469 | -€723 | -4.8% |
| Amounts payable within one year | 42/48 | €15,191 | €14,469 | -€723 | -4.8% |
| Trade debts | 44 | €1,312 | €1,623 | +€311 | +23.7% |
| Suppliers | 440/4 | €1,312 | €1,623 | +€311 | +23.7% |
| Taxes, remuneration and social security | 45 | €7,531 | €10,986 | +€3,455 | +45.9% |
| Taxes | 450/3 | €4,150 | €7,677 | +€3,527 | +85.0% |
| Remuneration and social security | 454/9 | €3,381 | €3,308 | -€72 | -2.1% |
| Other amounts payable | 47/48 | €6,349 | €1,860 | -€4,489 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,262 | €8,903 | +€641 | +7.8% |
| Other operating charges | 640/8 | €1,433 | €1,722 | +€289 | +20.2% |
| Gross operating margin | 9900 | €35,213 | €39,078 | +€3,864 | +11.0% |
| Operating profit (loss) | 9901 | €25,519 | €28,453 | +€2,934 | +11.5% |
| Financial charges | 65/66B | €40 | €194 | +€154 | +388.7% |
| Recurring financial charges | 65 | €40 | €194 | +€154 | +388.7% |
| Profit (loss) for the period before taxes | 9903 | €25,479 | €28,259 | +€2,780 | +10.9% |
| Income taxes | 67/77 | €6,777 | €7,579 | +€802 | +11.8% |
| Profit (loss) for the period | 9904 | €18,702 | €20,680 | +€1,978 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,702 | €20,680 | +€1,978 | +10.6% |
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 11 October 2026 via checked.be.