L'effet Wouaw: what changed
L'effet Wouaw
Largest movements
- Intangible fixed assets -€5,511
down €5,511 (-11.9%), from €46,170 to €40,659
- Cash -€4,505
down €4,505 (-28.5%), from €15,794 to €11,288
mainly Net result for the year (-€10,201) and Tax, wage and social debts (-€908)
- Receivables within one year -€633
down €633 (-99.3%), from €638 to €5
of which Trade receivables: -€638
- Profit (loss) carried forward -€10,201
down €10,201, from €1,467 to -€8,734
- Tax, wage and social debts -€908
down €908 (-63.8%), from €1,422 to €514
- Other debts +€705
up €705 (+1.3%), from €55,118 to €55,823
- Trade debts -€687
down €687 (-97.4%), from €705 to €18
- Gross operating margin -€19,917
down €19,917, from €15,468 to -€4,449
- Taxes -€514
no longer reported in 2025 (was €514)
- Other operating charges -€388
down €388 (-49.2%), from €788 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,601 | €51,952 | -€10,649 | -17.0% |
| Fixed assets | 21/28 | €46,170 | €40,659 | -€5,511 | -11.9% |
| Intangible fixed assets | 21 | €46,170 | €40,659 | -€5,511 | -11.9% |
| Current assets | 29/58 | €16,432 | €11,293 | -€5,139 | -31.3% |
| Amounts receivable within one year | 40/41 | €638 | €5 | -€633 | -99.3% |
| Trade receivables | 40 | €638 | - | -€638 | |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €15,794 | €11,288 | -€4,505 | -28.5% |
| Total equity and liabilities | 10/49 | €62,601 | €51,952 | -€10,649 | -17.0% |
| Equity | 10/15 | €3,067 | -€7,134 | -€10,201 | |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,467 | -€8,734 | -€10,201 | |
| Amounts payable | 17/49 | €59,534 | €59,085 | -€448 | -0.8% |
| Amounts payable within one year | 42/48 | €59,534 | €59,085 | -€448 | -0.8% |
| Trade debts | 44 | €705 | €18 | -€687 | -97.4% |
| Suppliers | 440/4 | €705 | €18 | -€687 | -97.4% |
| Advances received on contracts in progress | 46 | €2,289 | €2,730 | +€441 | +19.3% |
| Taxes, remuneration and social security | 45 | €1,422 | €514 | -€908 | -63.8% |
| Taxes | 450/3 | €1,422 | €514 | -€908 | -63.8% |
| Other amounts payable | 47/48 | €55,118 | €55,823 | +€705 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,511 | €5,511 | = | 0.0% |
| Other operating charges | 640/8 | €788 | €400 | -€388 | -49.2% |
| Gross operating margin | 9900 | €15,468 | -€4,449 | -€19,917 | |
| Operating profit (loss) | 9901 | €9,170 | -€10,359 | -€19,529 | |
| Financial income | 75/76B | €200 | €223 | +€23 | +11.7% |
| Recurring financial income | 75 | €200 | €223 | +€23 | +11.7% |
| Financial charges | 65/66B | €99 | €65 | -€34 | -34.0% |
| Recurring financial charges | 65 | €99 | €65 | -€34 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €9,271 | -€10,201 | -€19,472 | |
| Income taxes | 67/77 | €514 | - | -€514 | |
| Profit (loss) for the period | 9904 | €8,757 | -€10,201 | -€18,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,757 | -€10,201 | -€18,958 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.