LAND VAN WAAS: 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.
LAND VAN WAAS
Largest movements
- Tangible fixed assets -€36,890
down €36,890 (-10.6%), from €349,245 to €312,355
of which Land and buildings: -€37,902
- Deferred charges and accrued income +€36,166
up €36,166 (+4,764%), from €759 to €36,925
- Cash -€11,523
down €11,523 (-49.8%), from €23,137 to €11,614
mainly Deferred charges and accrued income (-€36,166) and Trade debts (-€13,518)
- Trade debts -€13,518
down €13,518 (-66.2%), from €20,432 to €6,913
- Gross operating margin +€7,291
up €7,291 (+16.1%), from €45,359 to €52,650
- Depreciation +€2,228
up €2,228 (+5.9%), from €37,663 to €39,890
- Financial charges +€804
up €804 (+13.8%), from €5,829 to €6,633
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 | €373,372 | €361,144 | -€12,228 | -3.3% |
| Fixed assets | 21/28 | €349,245 | €312,355 | -€36,890 | -10.6% |
| Tangible fixed assets | 22/27 | €349,245 | €312,355 | -€36,890 | -10.6% |
| Land and buildings | 22 | €345,603 | €307,700 | -€37,902 | -11.0% |
| Plant, machinery and equipment | 23 | €448 | €100 | -€348 | -77.7% |
| Furniture and vehicles | 24 | €3,195 | €4,555 | +€1,360 | +42.6% |
| Current assets | 29/58 | €24,126 | €48,789 | +€24,663 | +102% |
| Amounts receivable within one year | 40/41 | €230 | €250 | +€20 | +8.7% |
| Trade receivables | 40 | €230 | €250 | +€20 | +8.7% |
| Cash at bank and in hand | 54/58 | €23,137 | €11,614 | -€11,523 | -49.8% |
| Deferred charges and accrued income | 490/1 | €759 | €36,925 | +€36,166 | +4,764% |
| Total equity and liabilities | 10/49 | €373,372 | €361,144 | -€12,228 | -3.3% |
| Equity | 10/15 | €188,559 | €191,886 | +€3,326 | +1.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €79,046 | €82,372 | +€3,326 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,046 | €82,372 | +€3,326 | +4.2% |
| Profit (loss) carried forward | 14 | €72,313 | €72,313 | = | 0.0% |
| Amounts payable | 17/49 | €184,813 | €169,259 | -€15,554 | -8.4% |
| Amounts payable after more than one year | 17 | €122,775 | €122,200 | -€575 | -0.5% |
| Financial debts | 170/4 | €122,775 | €122,200 | -€575 | -0.5% |
| Amounts payable within one year | 42/48 | €55,886 | €39,952 | -€15,934 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €3,429 | €575 | -€2,853 | -83.2% |
| Trade debts | 44 | €20,432 | €6,913 | -€13,518 | -66.2% |
| Suppliers | 440/4 | €20,432 | €6,913 | -€13,518 | -66.2% |
| Taxes, remuneration and social security | 45 | €0 | €333 | +€333 | |
| Taxes | 450/3 | €0 | €333 | +€333 | |
| Other amounts payable | 47/48 | €32,026 | €32,131 | +€105 | +0.3% |
| Accrued charges and deferred income | 492/3 | €6,151 | €7,107 | +€956 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,663 | €39,890 | +€2,228 | +5.9% |
| Other operating charges | 640/8 | €2,394 | €2,468 | +€74 | +3.1% |
| Gross operating margin | 9900 | €45,359 | €52,650 | +€7,291 | +16.1% |
| Operating profit (loss) | 9901 | €5,303 | €10,292 | +€4,989 | +94.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,829 | €6,633 | +€804 | +13.8% |
| Recurring financial charges | 65 | €5,829 | €6,633 | +€804 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€526 | €3,659 | +€4,185 | |
| Income taxes | 67/77 | €0 | €333 | +€333 | |
| Profit (loss) for the period | 9904 | -€526 | €3,326 | +€3,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€526 | €3,326 | +€3,853 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.