NORTH SEA WAVE: 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.
NORTH SEA WAVE
Largest movements
- Cash -€8,632
down €8,632 (-3.1%), from €282,434 to €273,802
mainly Net result for the year (-€4,898) and Trade debts (-€2,886)
- Profit (loss) carried forward -€4,898
down €4,898 (-5.8%), from -€83,920 to -€88,818
- Trade debts -€2,886
down €2,886 (-65.5%), from €4,404 to €1,518
No income-statement line moved by more than 1% of the activity.
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 | €282,984 | €275,200 | -€7,784 | -2.8% |
| Current assets | 29/58 | €282,984 | €275,200 | -€7,784 | -2.8% |
| Amounts receivable within one year | 40/41 | €550 | €1,398 | +€848 | +154% |
| Other amounts receivable | 41 | €550 | €1,398 | +€848 | +154% |
| Cash at bank and in hand | 54/58 | €282,434 | €273,802 | -€8,632 | -3.1% |
| Total equity and liabilities | 10/49 | €282,984 | €275,200 | -€7,784 | -2.8% |
| Equity | 10/15 | €278,580 | €273,682 | -€4,898 | -1.8% |
| Contributions | 10/11 | €362,500 | €362,500 | = | 0.0% |
| Capital | 10 | €362,500 | €362,500 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Uncalled capital | 101 | €637,500 | €637,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,920 | -€88,818 | -€4,898 | -5.8% |
| Amounts payable | 17/49 | €4,404 | €1,518 | -€2,886 | -65.5% |
| Amounts payable within one year | 42/48 | €4,404 | €1,518 | -€2,886 | -65.5% |
| Trade debts | 44 | €4,404 | €1,518 | -€2,886 | -65.5% |
| Suppliers | 440/4 | €4,404 | €1,518 | -€2,886 | -65.5% |
| Operating charges | 60/66A | €6,500 | €4,347 | -€2,153 | -33.1% |
| Services and other goods | 61 | €5,982 | €3,919 | -€2,064 | -34.5% |
| Other operating charges | 640/8 | €518 | €429 | -€89 | -17.2% |
| Operating profit (loss) | 9901 | -€6,500 | -€4,347 | +€2,153 | +33.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €588 | €551 | -€37 | -6.3% |
| Recurring financial charges | 65 | €588 | €551 | -€37 | -6.3% |
| Other financial charges | 652/9 | €588 | €551 | -€37 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,088 | -€4,898 | +€2,190 | +30.9% |
| Profit (loss) for the period | 9904 | -€7,088 | -€4,898 | +€2,190 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,088 | -€4,898 | +€2,190 | +30.9% |
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.