nWave Studios: 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.
What changed
nWave Studios
NACE 59.111, Production of cinema films
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,083
2024 · €13,368-€14,451
Equity
€2.9m
2024 · €2.9m-€1,083
Cash
€420,897
2024 · €245,705+€175,192
Balance sheet total
€13.5m
2024 · €26.8m-€13.4m
Largest movements
Assets
- Receivables within one year -€13.1m
down €13.1m (-78.6%), from €16.6m to €3.6m
of which Other amounts receivable: -€9.6m
- Financial fixed assets -€457,378
down €457,378 (-5.0%), from €9.2m to €8.7m
of which Affiliated companies: -€457,378
Equity and liabilities
- Other debts -€9.1m
down €9.1m (-50.3%), from €18.1m to €9.0m
- Trade debts -€4.3m
down €4.3m (-97.5%), from €4.4m to €108,557
Income statement
- Financial income +€13.4m
up €13.4m (+1683.3%), from €794,653 to €14.2m
- Financial charges +€13.3m
up €13.3m (+1435.6%), from €926,547 to €14.2m
of which Non-recurring financial charges: +€13.4m
- Turnover +€249,224
up €249,224 (+19.0%), from €1.3m to €1.6m
- Staff costs +€171,826
up €171,826 (+44.9%), from €382,951 to €554,777
- Taxes +€168,359
up €168,359 (+2815.9%), from €5,979 to €174,338
of which Taxes: +€174,338
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
€13,368
Turnover
+€249,224
Other operating income
-€2,192
Goods and materials
-€62,480
Services and other goods
-€34,464
Staff costs
-€171,826
Depreciation
+€16,529
Write-downs
+€3,562
Other operating charges
+€2,930
Other operating items
+€77,476
Financial income
+€13.4m
Financial charges
-€13.3m
Taxes
-€168,359
Result 2025
-€1,083
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
-€99,188
Investment
+€457,378
Financing
-€182,998
Cash 2024
€245,705
From operations (derived)
-€99,188
Net result for the year
-€1,083
Receivables within one year
+€13.1m
Smaller working-capital items
-€4,483
Trade debts
-€4.3m
Tax, wage and social debts
+€214,608
Other debts
-€9.1m
Investment (derived)
+€457,378
Investment in fixed assets (net)
+€457,378
Financing
-€182,998
Current portion of long-term debt
-€101,806
Short-term financial debts
-€81,192
Cash 2025
€420,897
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,816,469 | €13,460,158 | -€13.4m | -49.8% |
| Fixed assets | 21/28 | €9,187,807 | €8,730,428 | -€457,378 | -5.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | €9,187,807 | €8,730,428 | -€457,378 | -5.0% |
| Affiliated companies | 280/1 | €9,183,807 | €8,726,428 | -€457,378 | -5.0% |
| Participating interests | 280 | €9,183,807 | €8,726,428 | -€457,378 | -5.0% |
| Other financial fixed assets | 284/8 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €17,628,663 | €4,729,730 | -€12.9m | -73.2% |
| Amounts receivable within one year | 40/41 | €16,641,204 | €3,564,836 | -€13.1m | -78.6% |
| Trade receivables | 40 | €4,088,212 | €610,603 | -€3.5m | -85.1% |
| Other amounts receivable | 41 | €12,552,991 | €2,954,234 | -€9.6m | -76.5% |
| Current investments | 50/53 | €735,004 | €735,004 | = | 0.0% |
| Own shares | 50 | €735,004 | €735,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €245,705 | €420,897 | +€175,192 | +71.3% |
| Deferred charges and accrued income | 490/1 | €6,750 | €8,993 | +€2,243 | +33.2% |
| Total equity and liabilities | 10/49 | €26,816,469 | €13,460,158 | -€13.4m | -49.8% |
| Equity | 10/15 | €2,888,016 | €2,886,933 | -€1,083 | 0.0% |
| Contributions | 10/11 | €637,928 | €637,928 | = | 0.0% |
| Capital | 10 | €561,277 | €561,277 | = | 0.0% |
| Issued capital | 100 | €561,277 | €561,277 | = | 0.0% |
| Contributions outside capital | 11 | €76,651 | €76,651 | = | 0.0% |
| Share premium | 1100/10 | €76,651 | €76,651 | = | 0.0% |
| Reserves | 13 | €847,232 | €847,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €847,232 | €847,232 | = | 0.0% |
| Legal reserve | 130 | €112,228 | €112,228 | = | 0.0% |
| Own shares acquired | 1312 | €735,004 | €735,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,402,856 | €1,401,773 | -€1,083 | -0.1% |
| Amounts payable | 17/49 | €23,928,453 | €10,573,226 | -€13.4m | -55.8% |
| Amounts payable within one year | 42/48 | €23,926,213 | €10,573,226 | -€13.4m | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €101,806 | - | -€101,806 | |
| Financial debts | 43 | €1,282,706 | €1,201,514 | -€81,192 | -6.3% |
| Credit institutions | 430/8 | €282,706 | €201,514 | -€81,192 | -28.7% |
| Other loans | 439 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €4,374,166 | €108,557 | -€4.3m | -97.5% |
| Suppliers | 440/4 | €4,374,166 | €108,557 | -€4.3m | -97.5% |
| Taxes, remuneration and social security | 45 | €36,773 | €251,381 | +€214,608 | +583.6% |
| Taxes | 450/3 | €8,385 | €174,338 | +€165,953 | +1979.3% |
| Remuneration and social security | 454/9 | €28,388 | €77,043 | +€48,655 | +171.4% |
| Other amounts payable | 47/48 | €18,130,763 | €9,011,774 | -€9.1m | -50.3% |
| Accrued charges and deferred income | 492/3 | €2,240 | - | -€2,240 | |
| Operating income | 70/76A | €1,316,404 | €1,563,436 | +€247,032 | +18.8% |
| Turnover | 70 | €1,312,944 | €1,562,168 | +€249,224 | +19.0% |
| Other operating income | 74 | €3,460 | €1,269 | -€2,192 | -63.3% |
| Operating charges | 60/66A | €1,165,163 | €1,333,436 | +€168,274 | +14.4% |
| Goods for resale, raw materials and consumables | 60 | €17,597 | €80,076 | +€62,480 | +355.1% |
| Purchases | 600/8 | €17,597 | €80,076 | +€62,480 | +355.1% |
| Services and other goods | 61 | €642,782 | €677,246 | +€34,464 | +5.4% |
| Remuneration, social security and pensions | 62 | €382,951 | €554,777 | +€171,826 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,529 | - | -€16,529 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,562 | -€3,562 | |
| Other operating charges | 640/8 | €3,928 | €998 | -€2,930 | -74.6% |
| Non-recurring operating charges | 66A | €101,377 | €23,901 | -€77,476 | -76.4% |
| Operating profit (loss) | 9901 | €151,241 | €230,000 | +€78,759 | +52.1% |
| Financial income | 75/76B | €794,653 | €14,171,326 | +€13.4m | +1683.3% |
| Recurring financial income | 75 | €794,653 | €14,171,326 | +€13.4m | +1683.3% |
| Income from financial fixed assets | 750 | - | €13,120,800 | +€13.1m | |
| Income from current assets | 751 | €770,670 | €505,489 | -€265,180 | -34.4% |
| Other financial income | 752/9 | €23,983 | €545,037 | +€521,054 | +2172.6% |
| Financial charges | 65/66B | €926,547 | €14,228,071 | +€13.3m | +1435.6% |
| Recurring financial charges | 65 | €722,224 | €649,883 | -€72,342 | -10.0% |
| Debt charges | 650 | €472,532 | €552,722 | +€80,190 | +17.0% |
| Other financial charges | 652/9 | €249,692 | €97,161 | -€152,531 | -61.1% |
| Non-recurring financial charges | 66B | €204,323 | €13,578,188 | +€13.4m | +6545.5% |
| Profit (loss) for the period before taxes | 9903 | €19,347 | €173,255 | +€153,908 | +795.5% |
| Income taxes | 67/77 | €5,979 | €174,338 | +€168,359 | +2815.9% |
| Taxes | 670/3 | €8,385 | €182,723 | +€174,338 | +2079.3% |
| Tax adjustments and reversals of tax provisions | 77 | €2,406 | €8,385 | +€5,979 | +248.5% |
| Profit (loss) for the period | 9904 | €13,368 | -€1,083 | -€14,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,368 | -€1,083 | -€14,451 |
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 9 October 2026 via checked.be.