EL WAFA: 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.
EL WAFA
Largest movements
- Receivables within one year +€10,657
up €10,657 (+56.8%), from €18,778 to €29,434
of which Trade receivables: +€13,000
- Stocks and contracts -€6,600
down €6,600 (-67.3%), from €9,800 to €3,200
- Tangible fixed assets -€5,066
no longer reported in 2024 (was €5,066)
- Cash +€880
up €880 (+10.0%), from €8,766 to €9,647
mainly Stocks and contracts (+€6,600) and Depreciation (+€5,066)
- Trade debts -€1,438
down €1,438 (-16.7%), from €8,637 to €7,199
- Tax, wage and social debts +€650
up €650 (+7.3%), from €8,860 to €9,511
of which Taxes: +€650
- Gross operating margin +€8,150
up €8,150, from -€1,631 to €6,519
- Depreciation -€2,509
down €2,509 (-33.1%), from €7,575 to €5,066
- Taxes -€1,924
no longer reported in 2024 (was €1,924)
- Other operating charges +€682
up €682 (+178%), from €383 to €1,065
- Financial charges -€362
down €362 (-89.1%), from €407 to €44
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,355 | €42,911 | -€444 | -1.0% |
| Fixed assets | 21/28 | €5,066 | - | -€5,066 | |
| Tangible fixed assets | 22/27 | €5,066 | - | -€5,066 | |
| Furniture and vehicles | 24 | €5,066 | - | -€5,066 | |
| Current assets | 29/58 | €38,289 | €42,911 | +€4,622 | +12.1% |
| Stocks and contracts in progress | 3 | €9,800 | €3,200 | -€6,600 | -67.3% |
| Stocks | 30/36 | €9,800 | €3,200 | -€6,600 | -67.3% |
| Amounts receivable within one year | 40/41 | €18,778 | €29,434 | +€10,657 | +56.8% |
| Trade receivables | 40 | €1,727 | €14,727 | +€13,000 | +753% |
| Other amounts receivable | 41 | €17,051 | €14,707 | -€2,343 | -13.7% |
| Cash at bank and in hand | 54/58 | €8,766 | €9,647 | +€880 | +10.0% |
| Deferred charges and accrued income | 490/1 | €945 | €630 | -€315 | -33.3% |
| Total equity and liabilities | 10/49 | €43,355 | €42,911 | -€444 | -1.0% |
| Equity | 10/15 | €25,858 | €26,202 | +€344 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,398 | €5,742 | +€344 | +6.4% |
| Amounts payable | 17/49 | €17,497 | €16,709 | -€788 | -4.5% |
| Amounts payable within one year | 42/48 | €17,497 | €16,709 | -€788 | -4.5% |
| Trade debts | 44 | €8,637 | €7,199 | -€1,438 | -16.7% |
| Suppliers | 440/4 | €8,637 | €7,199 | -€1,438 | -16.7% |
| Taxes, remuneration and social security | 45 | €8,860 | €9,511 | +€650 | +7.3% |
| Taxes | 450/3 | €4,576 | €5,226 | +€650 | +14.2% |
| Remuneration and social security | 454/9 | €4,284 | €4,284 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,575 | €5,066 | -€2,509 | -33.1% |
| Other operating charges | 640/8 | €383 | €1,065 | +€682 | +178% |
| Gross operating margin | 9900 | -€1,631 | €6,519 | +€8,150 | |
| Operating profit (loss) | 9901 | -€9,589 | €388 | +€9,977 | |
| Financial charges | 65/66B | €407 | €44 | -€362 | -89.1% |
| Recurring financial charges | 65 | €407 | €44 | -€362 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,995 | €344 | +€10,339 | |
| Income taxes | 67/77 | €1,924 | - | -€1,924 | |
| Profit (loss) for the period | 9904 | -€11,919 | €344 | +€12,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,919 | €344 | +€12,263 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.