Mr 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.
Mr Wafer
Largest movements
- Cash +€87,908
up €87,908 (+93.4%), from €94,110 to €182,018
mainly Receivables within one year (+€70,189) and Net result for the year (+€38,259)
- Receivables within one year -€70,189
down €70,189 (-33.1%), from €212,315 to €142,126
of which Trade receivables: -€96,951
- Tangible fixed assets -€13,895
down €13,895 (-22.8%), from €60,819 to €46,924
of which Furniture and vehicles: -€22,066
- Profit (loss) carried forward +€38,259
up €38,259 (+34.9%), from €109,620 to €147,879
- Other debts -€17,134
no longer reported in 2025 (was €17,134)
- Debts after one year -€9,690
down €9,690 (-26.1%), from €37,083 to €27,393
- Trade debts -€4,852
down €4,852 (-2.7%), from €182,179 to €177,328
- Gross operating margin -€56,418
down €56,418 (-28.8%), from €196,137 to €139,719
- Staff costs +€25,055
up €25,055 (+70.9%), from €35,331 to €60,386
- Taxes -€20,697
down €20,697 (-68.7%), from €30,146 to €9,449
- Depreciation +€10,698
up €10,698 (+70.0%), from €15,287 to €25,984
- Other operating charges -€2,309
down €2,309 (-60.6%), from €3,808 to €1,499
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 | €367,311 | €374,944 | +€7,633 | +2.1% |
| Fixed assets | 21/28 | €60,819 | €50,624 | -€10,195 | -16.8% |
| Tangible fixed assets | 22/27 | €60,819 | €46,924 | -€13,895 | -22.8% |
| Plant, machinery and equipment | 23 | €4,307 | €12,478 | +€8,171 | +189.7% |
| Furniture and vehicles | 24 | €56,512 | €34,446 | -€22,066 | -39.0% |
| Financial fixed assets | 28 | - | €3,700 | +€3,700 | |
| Current assets | 29/58 | €306,493 | €324,320 | +€17,827 | +5.8% |
| Amounts receivable within one year | 40/41 | €212,315 | €142,126 | -€70,189 | -33.1% |
| Trade receivables | 40 | €185,917 | €88,966 | -€96,951 | -52.1% |
| Other amounts receivable | 41 | €26,398 | €53,160 | +€26,763 | +101.4% |
| Cash at bank and in hand | 54/58 | €94,110 | €182,018 | +€87,908 | +93.4% |
| Deferred charges and accrued income | 490/1 | €67 | €176 | +€108 | +160.5% |
| Total equity and liabilities | 10/49 | €367,311 | €374,944 | +€7,633 | +2.1% |
| Equity | 10/15 | €119,620 | €157,879 | +€38,259 | +32.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,620 | €147,879 | +€38,259 | +34.9% |
| Amounts payable | 17/49 | €247,691 | €217,065 | -€30,626 | -12.4% |
| Amounts payable after more than one year | 17 | €37,083 | €27,393 | -€9,690 | -26.1% |
| Financial debts | 170/4 | €37,083 | €27,393 | -€9,690 | -26.1% |
| Amounts payable within one year | 42/48 | €210,609 | €189,672 | -€20,937 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €9,217 | €9,690 | +€473 | +5.1% |
| Trade debts | 44 | €182,179 | €177,328 | -€4,852 | -2.7% |
| Suppliers | 440/4 | €182,179 | €177,328 | -€4,852 | -2.7% |
| Taxes, remuneration and social security | 45 | €2,078 | €2,654 | +€576 | +27.7% |
| Remuneration and social security | 454/9 | €2,078 | €2,654 | +€576 | +27.7% |
| Other amounts payable | 47/48 | €17,134 | - | -€17,134 | |
| Remuneration, social security and pensions | 62 | €35,331 | €60,386 | +€25,055 | +70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,287 | €25,984 | +€10,698 | +70.0% |
| Other operating charges | 640/8 | €3,808 | €1,499 | -€2,309 | -60.6% |
| Gross operating margin | 9900 | €196,137 | €139,719 | -€56,418 | -28.8% |
| Operating profit (loss) | 9901 | €141,712 | €51,850 | -€89,862 | -63.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,946 | €4,141 | +€2,196 | +112.9% |
| Recurring financial charges | 65 | €1,946 | €4,141 | +€2,196 | +112.9% |
| Profit (loss) for the period before taxes | 9903 | €139,766 | €47,708 | -€92,058 | -65.9% |
| Income taxes | 67/77 | €30,146 | €9,449 | -€20,697 | -68.7% |
| Profit (loss) for the period | 9904 | €109,620 | €38,259 | -€71,361 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,620 | €38,259 | -€71,361 | -65.1% |
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 11 October 2026 via checked.be.