DE WAAIBERG: 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.
DE WAAIBERG
Largest movements
- Stocks and contracts +€103,820
up €103,820 (+238%), from €43,644 to €147,464
- Debts after one year +€101,910
new in 2025: €101,910
- Profit (loss) carried forward +€3,121
up €3,121 (+38.1%), from €8,192 to €11,313
- Gross operating margin +€3,190
up €3,190 (+61.9%), from €5,153 to €8,343
- Financial charges +€1,773
up €1,773 (+400%), from €443 to €2,217
- Taxes +€334
up €334 (+41.7%), from €801 to €1,136
- Financial income -€136
down €136 (-95.7%), from €142 to €6
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 | €57,656 | €163,498 | +€105,842 | +184% |
| Fixed assets | 21/28 | €9,376 | €10,124 | +€748 | +8.0% |
| Tangible fixed assets | 22/27 | €9,376 | €10,124 | +€748 | +8.0% |
| Land and buildings | 22 | €9,376 | €10,124 | +€748 | +8.0% |
| Current assets | 29/58 | €48,280 | €153,374 | +€105,094 | +218% |
| Stocks and contracts in progress | 3 | €43,644 | €147,464 | +€103,820 | +238% |
| Stocks | 30/36 | €43,644 | €147,464 | +€103,820 | +238% |
| Cash at bank and in hand | 54/58 | €4,636 | €5,910 | +€1,274 | +27.5% |
| Total equity and liabilities | 10/49 | €57,656 | €163,498 | +€105,842 | +184% |
| Equity | 10/15 | €55,292 | €58,413 | +€3,121 | +5.6% |
| Contributions | 10/11 | €47,100 | €47,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,192 | €11,313 | +€3,121 | +38.1% |
| Amounts payable | 17/49 | €2,364 | €105,085 | +€102,722 | +4,346% |
| Amounts payable after more than one year | 17 | - | €101,910 | +€101,910 | |
| Financial debts | 170/4 | - | €101,910 | +€101,910 | |
| Amounts payable within one year | 42/48 | €1,574 | €2,021 | +€447 | +28.4% |
| Trade debts | 44 | - | €128 | +€128 | |
| Suppliers | 440/4 | - | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €1,574 | €1,893 | +€319 | +20.3% |
| Taxes | 450/3 | €1,574 | €1,893 | +€319 | +20.3% |
| Accrued charges and deferred income | 492/3 | €790 | €1,155 | +€365 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €502 | = | 0.0% |
| Other operating charges | 640/8 | €1,396 | €1,375 | -€21 | -1.5% |
| Gross operating margin | 9900 | €5,153 | €8,343 | +€3,190 | +61.9% |
| Operating profit (loss) | 9901 | €3,256 | €6,467 | +€3,211 | +98.6% |
| Financial income | 75/76B | €142 | €6 | -€136 | -95.7% |
| Recurring financial income | 75 | €142 | €6 | -€136 | -95.7% |
| Financial charges | 65/66B | €443 | €2,217 | +€1,773 | +400% |
| Recurring financial charges | 65 | €443 | €2,217 | +€1,773 | +400% |
| Profit (loss) for the period before taxes | 9903 | €2,955 | €4,256 | +€1,302 | +44.1% |
| Income taxes | 67/77 | €801 | €1,136 | +€334 | +41.7% |
| Profit (loss) for the period | 9904 | €2,153 | €3,121 | +€967 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,153 | €3,121 | +€967 | +44.9% |
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 18 October 2026 via checked.be.