nWave Digital: what changed
Two fiscal 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.
What changed
nWave Digital
NACE 59.130, Motion picture, video and television programme production, sound recording and music publishing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,617
2024 · €1.1m-€1.0m
Equity
€2.5m
2024 · €15.5m-€13.1m
Cash
€2,435
2024 · €6,699-€4,264
Balance sheet total
€9.9m
2024 · €24.5m-€14.6m
Largest movements
Assets
- Receivables within one year -€21.2m
down €21.2m (-96.7%), from €22.0m to €735,323
of which Trade receivables: -€13.4m
- Intangible fixed assets +€6.9m
up €6.9m (+358.8%), from €1.9m to €8.8m
Equity and liabilities
- Profit (loss) carried forward -€13.1m
down €13.1m (-86.8%), from €15.0m to €2.0m
- Trade debts -€1.4m
down €1.4m (-31.1%), from €4.4m to €3.0m
Income statement
- Turnover -€9.9m
down €9.9m (-97.7%), from €10.1m to €236,476
- Depreciation -€8.7m
down €8.7m (-95.4%), from €9.1m to €418,139
- Services and other goods +€1.9m
up €1.9m (+131.4%), from €1.5m to €3.4m
- Goods and materials -€1.8m
down €1.8m (-56.1%), from €3.2m to €1.4m
- Taxes -€332,003
down €332,003 (-86.6%), from €383,415 to €51,412
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.
Result 2024
€1.1m
Turnover
-€9.9m
Other operating income
-€20,263
Goods and materials
+€1.8m
Services and other goods
-€1.9m
Staff costs
-€110,598
Depreciation
+€8.7m
Other operating charges
+€17,421
Other operating items
+€98,976
Financial income
-€36,817
Financial charges
+€73,110
Taxes
+€332,003
Result 2025
€64,617
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.
From operations
+€20.3m
Investment
-€7.1m
Financing
-€13.2m
Cash 2024
€6,699
From operations (derived)
+€20.3m
Net result for the year
+€64,617
Depreciation
+€418,139
Receivables within one year
+€21.2m
Deferred charges and accrued income
+€74,322
Trade debts
-€1.4m
Tax, wage and social debts
-€199,984
Other debts
+€107,060
Investment (derived)
-€7.1m
Investment in fixed assets (net)
-€7.1m
Financing
-€13.2m
Debts after one year
-€24,193
Current portion of long-term debt
-€41,885
Contributions, distributions and other
-€13.1m
Cash 2025
€2,435
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,526,214 | €9,947,041 | -€14.6m | -59.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,353,506 | €9,070,502 | +€6.7m | +285.4% |
| Intangible fixed assets | 21 | €1,926,407 | €8,837,752 | +€6.9m | +358.8% |
| Tangible fixed assets | 22/27 | €365,098 | €170,750 | -€194,348 | -53.2% |
| Plant, machinery and equipment | 23 | €174,880 | €68,631 | -€106,250 | -60.8% |
| Furniture and vehicles | 24 | €1,548 | €0 | -€1,548 | -100.0% |
| Leasing and similar rights | 25 | €116,613 | €41,945 | -€74,669 | -64.0% |
| Other tangible fixed assets | 26 | €72,057 | €60,175 | -€11,882 | -16.5% |
| Financial fixed assets | 28 | €62,000 | €62,000 | = | 0.0% |
| Affiliated companies | 280/1 | €62,000 | €62,000 | = | 0.0% |
| Participating interests | 280 | €62,000 | €62,000 | = | 0.0% |
| Current assets | 29/58 | €22,172,709 | €876,539 | -€21.3m | -96.0% |
| Amounts receivable within one year | 40/41 | €21,952,907 | €735,323 | -€21.2m | -96.7% |
| Trade receivables | 40 | €13,679,101 | €236,475 | -€13.4m | -98.3% |
| Other amounts receivable | 41 | €8,273,806 | €498,848 | -€7.8m | -94.0% |
| Cash at bank and in hand | 54/58 | €6,699 | €2,435 | -€4,264 | -63.6% |
| Deferred charges and accrued income | 490/1 | €213,103 | €138,781 | -€74,322 | -34.9% |
| Total equity and liabilities | 10/49 | €24,526,214 | €9,947,041 | -€14.6m | -59.4% |
| Equity | 10/15 | €15,524,617 | €2,468,434 | -€13.1m | -84.1% |
| Contributions | 10/11 | €434,000 | €434,000 | = | 0.0% |
| Capital | 10 | €434,000 | €434,000 | = | 0.0% |
| Issued capital | 100 | €434,000 | €434,000 | = | 0.0% |
| Reserves | 13 | €43,400 | €43,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,400 | €43,400 | = | 0.0% |
| Legal reserve | 130 | €43,400 | €43,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,047,217 | €1,991,034 | -€13.1m | -86.8% |
| Amounts payable | 17/49 | €9,001,597 | €7,478,607 | -€1.5m | -16.9% |
| Amounts payable after more than one year | 17 | €43,223 | €19,030 | -€24,193 | -56.0% |
| Financial debts | 170/4 | €43,223 | €19,030 | -€24,193 | -56.0% |
| Leasing and similar obligations | 172 | €43,223 | €19,030 | -€24,193 | -56.0% |
| Amounts payable within one year | 42/48 | €8,958,374 | €7,459,577 | -€1.5m | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €66,078 | €24,193 | -€41,885 | -63.4% |
| Trade debts | 44 | €4,383,628 | €3,019,639 | -€1.4m | -31.1% |
| Suppliers | 440/4 | €4,383,628 | €3,019,639 | -€1.4m | -31.1% |
| Taxes, remuneration and social security | 45 | €625,186 | €425,202 | -€199,984 | -32.0% |
| Taxes | 450/3 | €386,169 | €35,706 | -€350,462 | -90.8% |
| Remuneration and social security | 454/9 | €239,017 | €389,496 | +€150,479 | +63.0% |
| Other amounts payable | 47/48 | €3,883,482 | €3,990,542 | +€107,060 | +2.8% |
| Operating income | 70/76A | €17,182,092 | €7,357,200 | -€9.8m | -57.2% |
| Turnover | 70 | €10,140,080 | €236,476 | -€9.9m | -97.7% |
| Own construction capitalised | 72 | €7,021,727 | €7,120,703 | +€98,976 | +1.4% |
| Other operating income | 74 | €20,285 | €22 | -€20,263 | -99.9% |
| Operating charges | 60/66A | €15,849,628 | €7,397,826 | -€8.5m | -53.3% |
| Goods for resale, raw materials and consumables | 60 | €3,241,432 | €1,421,846 | -€1.8m | -56.1% |
| Purchases | 600/8 | €3,241,432 | €1,421,846 | -€1.8m | -56.1% |
| Services and other goods | 61 | €1,471,589 | €3,405,003 | +€1.9m | +131.4% |
| Remuneration, social security and pensions | 62 | €2,039,868 | €2,150,467 | +€110,598 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,076,947 | €418,139 | -€8.7m | -95.4% |
| Other operating charges | 640/8 | €19,792 | €2,371 | -€17,421 | -88.0% |
| Operating profit (loss) | 9901 | €1,332,464 | -€40,625 | -€1.4m | |
| Financial income | 75/76B | €264,538 | €227,721 | -€36,817 | -13.9% |
| Recurring financial income | 75 | €202,538 | €227,721 | +€25,183 | +12.4% |
| Income from current assets | 751 | €192,230 | €180,523 | -€11,706 | -6.1% |
| Other financial income | 752/9 | €10,309 | €47,198 | +€36,889 | +357.9% |
| Non-recurring financial income | 76B | €62,000 | - | -€62,000 | |
| Financial charges | 65/66B | €144,177 | €71,068 | -€73,110 | -50.7% |
| Recurring financial charges | 65 | €144,177 | €71,068 | -€73,110 | -50.7% |
| Debt charges | 650 | €116,811 | €68,853 | -€47,959 | -41.1% |
| Other financial charges | 652/9 | €27,366 | €2,215 | -€25,151 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €1,452,825 | €116,029 | -€1.3m | -92.0% |
| Income taxes | 67/77 | €383,415 | €51,412 | -€332,003 | -86.6% |
| Taxes | 670/3 | €387,407 | €437,581 | +€50,174 | +13.0% |
| Tax adjustments and reversals of tax provisions | 77 | €3,992 | €386,169 | +€382,177 | +9573.3% |
| Profit (loss) for the period | 9904 | €1,069,410 | €64,617 | -€1.0m | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,069,410 | €64,617 | -€1.0m | -94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.