VAWAK BV: 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.
VAWAK BV
Largest movements
- Current investments -€40,011
down €40,011 (-41.7%), from €96,039 to €56,027
- Receivables within one year -€18,139
down €18,139 (-76.6%), from €23,666 to €5,527
of which Trade receivables: -€13,198
- Cash -€14,501
down €14,501 (-16.6%), from €87,298 to €72,797
mainly Other debts (-€125,034) and Contributions, distributions and other (-€50,000)
- Other debts -€125,034
down €125,034 (-98.4%), from €127,123 to €2,089
- Profit (loss) carried forward +€54,726
up €54,726 (+53.2%), from €102,813 to €157,539
- Trade debts -€2,776
down €2,776 (-59.2%), from €4,686 to €1,910
- Gross operating margin +€22,936
up €22,936 (+19.4%), from €118,255 to €141,190
- Taxes +€5,706
up €5,706 (+24.4%), from €23,351 to €29,057
- Financial income +€1,472
up €1,472 (+1123.4%), from €131 to €1,603
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 | €255,609 | €181,287 | -€74,322 | -29.1% |
| Fixed assets | 21/28 | €38,278 | €37,217 | -€1,061 | -2.8% |
| Tangible fixed assets | 22/27 | €38,128 | €37,067 | -€1,061 | -2.8% |
| Plant, machinery and equipment | 23 | €1,161 | €662 | -€499 | -43.0% |
| Furniture and vehicles | 24 | €9,306 | €11,996 | +€2,689 | +28.9% |
| Other tangible fixed assets | 26 | €27,661 | €24,410 | -€3,251 | -11.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €217,331 | €144,070 | -€73,261 | -33.7% |
| Stocks and contracts in progress | 3 | €678 | €484 | -€195 | -28.7% |
| Stocks | 30/36 | €678 | €484 | -€195 | -28.7% |
| Amounts receivable within one year | 40/41 | €23,666 | €5,527 | -€18,139 | -76.6% |
| Trade receivables | 40 | €18,724 | €5,527 | -€13,198 | -70.5% |
| Other amounts receivable | 41 | €4,941 | €0 | -€4,941 | -100.0% |
| Current investments | 50/53 | €96,039 | €56,027 | -€40,011 | -41.7% |
| Cash at bank and in hand | 54/58 | €87,298 | €72,797 | -€14,501 | -16.6% |
| Deferred charges and accrued income | 490/1 | €9,650 | €9,235 | -€415 | -4.3% |
| Total equity and liabilities | 10/49 | €255,609 | €181,287 | -€74,322 | -29.1% |
| Equity | 10/15 | €107,813 | €162,539 | +€54,726 | +50.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,813 | €157,539 | +€54,726 | +53.2% |
| Amounts payable | 17/49 | €147,796 | €18,748 | -€129,048 | -87.3% |
| Amounts payable within one year | 42/48 | €147,796 | €18,748 | -€129,048 | -87.3% |
| Financial debts | 43 | €277 | €0 | -€277 | -100.0% |
| Credit institutions | 430/8 | €277 | €0 | -€277 | -100.0% |
| Trade debts | 44 | €4,686 | €1,910 | -€2,776 | -59.2% |
| Suppliers | 440/4 | €4,686 | €1,910 | -€2,776 | -59.2% |
| Taxes, remuneration and social security | 45 | €15,710 | €14,749 | -€961 | -6.1% |
| Taxes | 450/3 | €15,710 | €14,749 | -€961 | -6.1% |
| Other amounts payable | 47/48 | €127,123 | €2,089 | -€125,034 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,824 | €8,487 | +€663 | +8.5% |
| Other operating charges | 640/8 | €630 | €465 | -€165 | -26.2% |
| Gross operating margin | 9900 | €118,255 | €141,190 | +€22,936 | +19.4% |
| Operating profit (loss) | 9901 | €109,800 | €132,238 | +€22,438 | +20.4% |
| Financial income | 75/76B | €131 | €1,603 | +€1,472 | +1123.4% |
| Recurring financial income | 75 | €131 | €1,603 | +€1,472 | +1123.4% |
| Financial charges | 65/66B | €533 | €58 | -€475 | -89.2% |
| Recurring financial charges | 65 | €533 | €58 | -€475 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €109,398 | €133,783 | +€24,385 | +22.3% |
| Income taxes | 67/77 | €23,351 | €29,057 | +€5,706 | +24.4% |
| Profit (loss) for the period | 9904 | €86,047 | €104,726 | +€18,679 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,047 | €104,726 | +€18,679 | +21.7% |
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 7 October 2026 via checked.be.