Dr. Levi WAUMAN: 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.
Dr. Levi WAUMAN
Largest movements
- Cash +€177,107
up €177,107 (+68.7%), from €257,695 to €434,802
mainly Net result for the year (+€192,201) and Depreciation (+€10,415)
- Profit (loss) carried forward +€192,201
up €192,201 (+95.2%), from €201,806 to €394,007
- Debts after one year -€9,866
down €9,866 (-28.2%), from €34,968 to €25,102
- Depreciation +€6,910
up €6,910 (+197%), from €3,505 to €10,415
- Gross operating margin +€5,578
up €5,578 (+2.1%), from €260,195 to €265,773
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 | €307,663 | €490,973 | +€183,310 | +59.6% |
| Fixed assets | 21/28 | €47,722 | €51,312 | +€3,590 | +7.5% |
| Tangible fixed assets | 22/27 | €47,722 | €51,312 | +€3,590 | +7.5% |
| Plant, machinery and equipment | 23 | - | €5,812 | +€5,812 | |
| Furniture and vehicles | 24 | €3,943 | €11,043 | +€7,100 | +180% |
| Leasing and similar rights | 25 | €43,778 | €34,457 | -€9,321 | -21.3% |
| Current assets | 29/58 | €259,941 | €439,661 | +€179,719 | +69.1% |
| Amounts receivable within one year | 40/41 | €389 | €848 | +€459 | +118% |
| Other amounts receivable | 41 | €389 | €848 | +€459 | +118% |
| Cash at bank and in hand | 54/58 | €257,695 | €434,802 | +€177,107 | +68.7% |
| Deferred charges and accrued income | 490/1 | €1,858 | €4,011 | +€2,153 | +116% |
| Total equity and liabilities | 10/49 | €307,663 | €490,973 | +€183,310 | +59.6% |
| Equity | 10/15 | €204,306 | €396,507 | +€192,201 | +94.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,806 | €394,007 | +€192,201 | +95.2% |
| Amounts payable | 17/49 | €103,357 | €94,466 | -€8,891 | -8.6% |
| Amounts payable after more than one year | 17 | €34,968 | €25,102 | -€9,866 | -28.2% |
| Financial debts | 170/4 | €34,968 | €25,102 | -€9,866 | -28.2% |
| Amounts payable within one year | 42/48 | €68,389 | €69,364 | +€975 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €8,779 | €9,120 | +€341 | +3.9% |
| Trade debts | 44 | €68 | €1,433 | +€1,366 | +2,023% |
| Suppliers | 440/4 | €68 | €1,433 | +€1,366 | +2,023% |
| Taxes, remuneration and social security | 45 | €59,543 | €58,810 | -€733 | -1.2% |
| Taxes | 450/3 | €59,543 | €58,810 | -€733 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €10,415 | +€6,910 | +197% |
| Other operating charges | 640/8 | €967 | €2,431 | +€1,464 | +151% |
| Gross operating margin | 9900 | €260,195 | €265,773 | +€5,578 | +2.1% |
| Operating profit (loss) | 9901 | €255,723 | €252,926 | -€2,797 | -1.1% |
| Financial charges | 65/66B | €858 | €1,915 | +€1,058 | +123% |
| Recurring financial charges | 65 | €858 | €1,915 | +€1,058 | +123% |
| Profit (loss) for the period before taxes | 9903 | €254,865 | €251,011 | -€3,854 | -1.5% |
| Income taxes | 67/77 | €59,543 | €58,810 | -€733 | -1.2% |
| Profit (loss) for the period | 9904 | €195,323 | €192,201 | -€3,122 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €195,323 | €192,201 | -€3,122 | -1.6% |
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 19 October 2026 via checked.be.