Global Waves Solutions: 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.
Global Waves Solutions
Largest movements
- Cash +€74,268
up €74,268 (+6303.6%), from €1,178 to €75,447
mainly Net result for the year (+€56,490) and Tax, wage and social debts (+€19,322)
- Receivables within one year +€1,817
up €1,817 (+11.0%), from €16,467 to €18,284
of which Trade receivables: +€2,817
- Deferred charges and accrued income +€1,197
new in 2025: €1,197
- Reserves +€56,490
up €56,490 (+733.1%), from €7,705 to €64,195
- Tax, wage and social debts +€19,322
up €19,322 (+267.0%), from €7,236 to €26,558
- Trade debts +€1,154
up €1,154 (+67.7%), from €1,704 to €2,858
- Gross operating margin +€60,881
up €60,881 (+537.7%), from €11,323 to €72,204
- Taxes +€13,647
up €13,647 (+675.2%), from €2,021 to €15,668
- Depreciation -€1,593
no longer reported in 2025 (was €1,593)
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 | €17,646 | €94,928 | +€77,282 | +438.0% |
| Current assets | 29/58 | €17,646 | €94,928 | +€77,282 | +438.0% |
| Amounts receivable within one year | 40/41 | €16,467 | €18,284 | +€1,817 | +11.0% |
| Trade receivables | 40 | €15,467 | €18,284 | +€2,817 | +18.2% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €1,178 | €75,447 | +€74,268 | +6303.6% |
| Deferred charges and accrued income | 490/1 | - | €1,197 | +€1,197 | |
| Total equity and liabilities | 10/49 | €17,646 | €94,928 | +€77,282 | +438.0% |
| Equity | 10/15 | €8,705 | €65,195 | +€56,490 | +648.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,705 | €64,195 | +€56,490 | +733.1% |
| Distributable reserves | 133 | €7,705 | €64,195 | +€56,490 | +733.1% |
| Amounts payable | 17/49 | €8,940 | €29,733 | +€20,793 | +232.6% |
| Amounts payable within one year | 42/48 | €8,940 | €29,733 | +€20,793 | +232.6% |
| Trade debts | 44 | €1,704 | €2,858 | +€1,154 | +67.7% |
| Suppliers | 440/4 | €1,704 | €2,858 | +€1,154 | +67.7% |
| Taxes, remuneration and social security | 45 | €7,236 | €26,558 | +€19,322 | +267.0% |
| Taxes | 450/3 | €7,236 | €26,558 | +€19,322 | +267.0% |
| Other amounts payable | 47/48 | - | €316 | +€316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | - | -€1,593 | |
| Gross operating margin | 9900 | €11,323 | €72,204 | +€60,881 | +537.7% |
| Operating profit (loss) | 9901 | €9,730 | €72,204 | +€62,474 | +642.1% |
| Financial charges | 65/66B | €3 | €46 | +€43 | +1270.0% |
| Recurring financial charges | 65 | €3 | €46 | +€43 | +1270.0% |
| Profit (loss) for the period before taxes | 9903 | €9,727 | €72,158 | +€62,431 | +641.9% |
| Income taxes | 67/77 | €2,021 | €15,668 | +€13,647 | +675.2% |
| Profit (loss) for the period | 9904 | €7,705 | €56,490 | +€48,784 | +633.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,705 | €56,490 | +€48,784 | +633.1% |
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 9 October 2026 via checked.be.