MISTER WAFER: 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.
MISTER WAFER
Largest movements
- Cash -€149,513
down €149,513 (-36.5%), from €409,499 to €259,986
mainly Net result for the year (-€110,118) and Debts after one year (-€59,838)
- Tangible fixed assets -€39,130
down €39,130 (-7.2%), from €543,130 to €504,000
of which Land and buildings: -€36,000
- Profit (loss) carried forward -€110,118
down €110,118 (-20.3%), from €542,749 to €432,631
- Debts after one year -€59,838
down €59,838 (-17.9%), from €334,364 to €274,526
- Other debts -€24,511
no longer reported in 2025 (was €24,511)
- Gross operating margin -€152,818
down €152,818, from €130,236 to -€22,582
- Financial charges +€16,008
up €16,008 (+376%), from €4,260 to €20,268
- Taxes -€14,692
no longer reported in 2025 (was €14,692)
- Staff costs -€10,090
down €10,090, from €9,077 to -€1,013
- Other operating charges +€9,256
up €9,256 (+40.2%), from €23,026 to €32,281
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 | €980,283 | €789,777 | -€190,506 | -19.4% |
| Fixed assets | 21/28 | €551,779 | €512,649 | -€39,130 | -7.1% |
| Tangible fixed assets | 22/27 | €543,130 | €504,000 | -€39,130 | -7.2% |
| Land and buildings | 22 | €540,000 | €504,000 | -€36,000 | -6.7% |
| Furniture and vehicles | 24 | €3,130 | - | -€3,130 | |
| Financial fixed assets | 28 | €8,649 | €8,649 | = | 0.0% |
| Current assets | 29/58 | €428,504 | €277,128 | -€151,376 | -35.3% |
| Amounts receivable within one year | 40/41 | €19,006 | €17,142 | -€1,863 | -9.8% |
| Trade receivables | 40 | €2,206 | - | -€2,206 | |
| Other amounts receivable | 41 | €16,799 | €17,142 | +€343 | +2.0% |
| Cash at bank and in hand | 54/58 | €409,499 | €259,986 | -€149,513 | -36.5% |
| Total equity and liabilities | 10/49 | €980,283 | €789,777 | -€190,506 | -19.4% |
| Equity | 10/15 | €563,209 | €453,091 | -€110,118 | -19.6% |
| 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% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €542,749 | €432,631 | -€110,118 | -20.3% |
| Amounts payable | 17/49 | €417,074 | €336,686 | -€80,388 | -19.3% |
| Amounts payable after more than one year | 17 | €334,364 | €274,526 | -€59,838 | -17.9% |
| Financial debts | 170/4 | €334,364 | €274,526 | -€59,838 | -17.9% |
| Amounts payable within one year | 42/48 | €82,710 | €62,160 | -€20,550 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €57,185 | €59,838 | +€2,653 | +4.6% |
| Trade debts | 44 | - | €2,322 | +€2,322 | |
| Suppliers | 440/4 | - | €2,322 | +€2,322 | |
| Taxes, remuneration and social security | 45 | €1,013 | - | -€1,013 | |
| Remuneration and social security | 454/9 | €1,013 | - | -€1,013 | |
| Other amounts payable | 47/48 | €24,511 | - | -€24,511 | |
| Remuneration, social security and pensions | 62 | €9,077 | -€1,013 | -€10,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,794 | €36,000 | -€1,794 | -4.7% |
| Other operating charges | 640/8 | €23,026 | €32,281 | +€9,256 | +40.2% |
| Gross operating margin | 9900 | €130,236 | -€22,582 | -€152,818 | |
| Operating profit (loss) | 9901 | €60,339 | -€89,850 | -€150,190 | |
| Financial charges | 65/66B | €4,260 | €20,268 | +€16,008 | +376% |
| Recurring financial charges | 65 | €4,260 | €20,268 | +€16,008 | +376% |
| Profit (loss) for the period before taxes | 9903 | €56,079 | -€110,118 | -€166,198 | |
| Income taxes | 67/77 | €14,692 | - | -€14,692 | |
| Profit (loss) for the period | 9904 | €41,388 | -€110,118 | -€151,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,388 | -€110,118 | -€151,506 |
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 28 October 2026 via checked.be.