SO WAUT: 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.
SO WAUT
Largest movements
- Cash -€68,721
down €68,721 (-54.7%), from €125,597 to €56,876
mainly Contributions, distributions and other (-€109,000) and Other debts (-€69,045)
- Deferred charges and accrued income -€25,116
down €25,116 (-99.6%), from €25,218 to €102
- Receivables within one year +€20,953
up €20,953 (+61,141%), from €34 to €20,987
of which Trade receivables: +€15,863
- Tangible fixed assets -€3,688
down €3,688 (-24.2%), from €15,267 to €11,579
- Other debts -€69,045
down €69,045 (-61.5%), from €112,300 to €43,255
- Tax, wage and social debts -€36,654
down €36,654 (-73.7%), from €49,706 to €13,051
of which Taxes: -€34,652
- Trade debts +€29,295
up €29,295, from €0 to €29,295
- Gross operating margin +€21,724
up €21,724 (+19.5%), from €111,530 to €133,254
- Taxes -€7,284
down €7,284 (-26.8%), from €27,160 to €19,876
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 | €166,117 | €89,545 | -€76,572 | -46.1% |
| Fixed assets | 21/28 | €15,267 | €11,579 | -€3,688 | -24.2% |
| Tangible fixed assets | 22/27 | €15,267 | €11,579 | -€3,688 | -24.2% |
| Furniture and vehicles | 24 | €15,267 | €11,579 | -€3,688 | -24.2% |
| Current assets | 29/58 | €150,850 | €77,966 | -€72,884 | -48.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34 | €20,987 | +€20,953 | +61,141% |
| Trade receivables | 40 | €0 | €15,863 | +€15,863 | |
| Other amounts receivable | 41 | €34 | €5,124 | +€5,090 | +14,852% |
| Cash at bank and in hand | 54/58 | €125,597 | €56,876 | -€68,721 | -54.7% |
| Deferred charges and accrued income | 490/1 | €25,218 | €102 | -€25,116 | -99.6% |
| Total equity and liabilities | 10/49 | €166,117 | €89,545 | -€76,572 | -46.1% |
| Equity | 10/15 | €3,727 | €3,556 | -€171 | -4.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | - | -€250 | |
| Reserves not available under the articles | 1311 | €250 | - | -€250 | |
| Tax-exempt reserves | 132 | - | €250 | +€250 | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €977 | €806 | -€171 | -17.5% |
| Amounts payable | 17/49 | €162,390 | €85,989 | -€76,401 | -47.0% |
| Amounts payable within one year | 42/48 | €162,006 | €85,601 | -€76,404 | -47.2% |
| Trade debts | 44 | €0 | €29,295 | +€29,295 | |
| Suppliers | 440/4 | €0 | €29,295 | +€29,295 | |
| Taxes, remuneration and social security | 45 | €49,706 | €13,051 | -€36,654 | -73.7% |
| Taxes | 450/3 | €47,704 | €13,051 | -€34,652 | -72.6% |
| Remuneration and social security | 454/9 | €2,002 | €0 | -€2,002 | -100% |
| Other amounts payable | 47/48 | €112,300 | €43,255 | -€69,045 | -61.5% |
| Accrued charges and deferred income | 492/3 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,173 | €3,688 | +€515 | +16.2% |
| Other operating charges | 640/8 | €677 | €664 | -€12 | -1.8% |
| Gross operating margin | 9900 | €111,530 | €133,254 | +€21,724 | +19.5% |
| Operating profit (loss) | 9901 | €107,681 | €128,902 | +€21,221 | +19.7% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €949 | €197 | -€752 | -79.3% |
| Recurring financial charges | 65 | €949 | €197 | -€752 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €106,759 | €128,705 | +€21,946 | +20.6% |
| Income taxes | 67/77 | €27,160 | €19,876 | -€7,284 | -26.8% |
| Profit (loss) for the period | 9904 | €79,598 | €108,829 | +€29,231 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,598 | €108,829 | +€29,231 | +36.7% |
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 15 October 2026 via checked.be.