URBAN WAVES: 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.
URBAN WAVES
Largest movements
- Deferred charges and accrued income +€22,314
up €22,314 (+5312.7%), from €420 to €22,734
- Tangible fixed assets -€6,971
down €6,971 (-94.8%), from €7,350 to €379
- Receivables within one year -€3,193
down €3,193 (-5.8%), from €54,947 to €51,754
of which Trade receivables: -€2,304
- Stocks and contracts +€2,363
up €2,363 (+17.9%), from €13,223 to €15,586
- Trade debts +€19,616
up €19,616 (+140.1%), from €14,004 to €33,620
- Profit (loss) carried forward +€6,237
up €6,237 (+19.7%), from €31,708 to €37,945
- Current portion of long-term debt -€3,831
no longer reported in 2025 (was €3,831)
- Short-term financial debts -€3,654
no longer reported in 2025 (was €3,654)
- Tax, wage and social debts -€3,483
down €3,483 (-39.3%), from €8,860 to €5,378
of which Taxes: -€1,981
- Gross operating margin -€5,230
down €5,230 (-39.2%), from €13,328 to €8,098
- Taxes -€1,406
down €1,406 (-35.8%), from €3,922 to €2,517
- Depreciation -€1,236
down €1,236 (-73.2%), from €1,689 to €453
- Financial income +€804
up €804 (+46.9%), from €1,716 to €2,520
- Financial charges +€573
up €573 (+99.5%), from €575 to €1,148
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 | €76,317 | €91,203 | +€14,886 | +19.5% |
| Fixed assets | 21/28 | €7,350 | €379 | -€6,971 | -94.8% |
| Tangible fixed assets | 22/27 | €7,350 | €379 | -€6,971 | -94.8% |
| Furniture and vehicles | 24 | €7,350 | €379 | -€6,971 | -94.8% |
| Current assets | 29/58 | €68,967 | €90,825 | +€21,857 | +31.7% |
| Stocks and contracts in progress | 3 | €13,223 | €15,586 | +€2,363 | +17.9% |
| Stocks | 30/36 | €13,223 | €15,586 | +€2,363 | +17.9% |
| Amounts receivable within one year | 40/41 | €54,947 | €51,754 | -€3,193 | -5.8% |
| Trade receivables | 40 | €13,702 | €11,398 | -€2,304 | -16.8% |
| Other amounts receivable | 41 | €41,245 | €40,356 | -€890 | -2.2% |
| Cash at bank and in hand | 54/58 | €377 | €751 | +€374 | +99.2% |
| Deferred charges and accrued income | 490/1 | €420 | €22,734 | +€22,314 | +5312.7% |
| Total equity and liabilities | 10/49 | €76,317 | €91,203 | +€14,886 | +19.5% |
| Equity | 10/15 | €45,968 | €52,205 | +€6,237 | +13.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,708 | €37,945 | +€6,237 | +19.7% |
| Amounts payable | 17/49 | €30,350 | €38,998 | +€8,649 | +28.5% |
| Amounts payable within one year | 42/48 | €30,350 | €38,998 | +€8,649 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €3,831 | - | -€3,831 | |
| Financial debts | 43 | €3,654 | - | -€3,654 | |
| Credit institutions | 430/8 | €3,654 | - | -€3,654 | |
| Trade debts | 44 | €14,004 | €33,620 | +€19,616 | +140.1% |
| Suppliers | 440/4 | €14,004 | €33,620 | +€19,616 | +140.1% |
| Taxes, remuneration and social security | 45 | €8,860 | €5,378 | -€3,483 | -39.3% |
| Taxes | 450/3 | €7,359 | €5,378 | -€1,981 | -26.9% |
| Remuneration and social security | 454/9 | €1,502 | - | -€1,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,689 | €453 | -€1,236 | -73.2% |
| Other operating charges | 640/8 | €174 | €262 | +€89 | +51.0% |
| Gross operating margin | 9900 | €13,328 | €8,098 | -€5,230 | -39.2% |
| Operating profit (loss) | 9901 | €11,465 | €7,382 | -€4,083 | -35.6% |
| Financial income | 75/76B | €1,716 | €2,520 | +€804 | +46.9% |
| Recurring financial income | 75 | €1,716 | €2,520 | +€804 | +46.9% |
| Financial charges | 65/66B | €575 | €1,148 | +€573 | +99.5% |
| Recurring financial charges | 65 | €575 | €1,148 | +€573 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €12,605 | €8,754 | -€3,851 | -30.6% |
| Income taxes | 67/77 | €3,922 | €2,517 | -€1,406 | -35.8% |
| Profit (loss) for the period | 9904 | €8,683 | €6,237 | -€2,445 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,683 | €6,237 | -€2,445 | -28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.