WAVE Energy: what changed
WAVE Energy
Largest movements
- Receivables within one year +€33,562
up €33,562 (+92.1%), from €36,426 to €69,988
of which Trade receivables: +€21,177
- Cash -€26,899
down €26,899 (-77.2%), from €34,834 to €7,935
mainly Receivables within one year (-€33,562) and Trade debts (-€24,359)
- Tangible fixed assets +€3,025
up €3,025 (+33.1%), from €9,134 to €12,159
of which Furniture and vehicles: +€5,412
- Profit (loss) carried forward +€27,957
up €27,957 (+95.5%), from €29,264 to €57,221
- Trade debts -€24,359
down €24,359 (-57.5%), from €42,329 to €17,970
- Tax, wage and social debts +€6,268
up €6,268 (+184%), from €3,414 to €9,682
of which Taxes: +€6,000
- Gross operating margin +€30,480
up €30,480 (+294%), from €10,382 to €40,862
- Taxes +€5,897
up €5,897 (+381%), from €1,546 to €7,443
- Depreciation +€1,931
up €1,931 (+113%), from €1,714 to €3,645
- Financial charges +€1,247
up €1,247 (+377%), from €331 to €1,578
- Other operating charges -€641
down €641 (-67.1%), from €955 to €314
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,060 | €91,061 | +€10,001 | +12.3% |
| Fixed assets | 21/28 | €9,134 | €12,159 | +€3,025 | +33.1% |
| Tangible fixed assets | 22/27 | €9,134 | €12,159 | +€3,025 | +33.1% |
| Plant, machinery and equipment | 23 | - | €2,739 | +€2,739 | |
| Furniture and vehicles | 24 | €4,008 | €9,420 | +€5,412 | +135% |
| Leasing and similar rights | 25 | €5,126 | - | -€5,126 | |
| Current assets | 29/58 | €71,926 | €78,902 | +€6,976 | +9.7% |
| Amounts receivable within one year | 40/41 | €36,426 | €69,988 | +€33,562 | +92.1% |
| Trade receivables | 40 | €29,843 | €51,020 | +€21,177 | +71.0% |
| Other amounts receivable | 41 | €6,583 | €18,968 | +€12,385 | +188% |
| Cash at bank and in hand | 54/58 | €34,834 | €7,935 | -€26,899 | -77.2% |
| Deferred charges and accrued income | 490/1 | €666 | €979 | +€313 | +47.0% |
| Total equity and liabilities | 10/49 | €81,060 | €91,061 | +€10,001 | +12.3% |
| Equity | 10/15 | €34,264 | €62,221 | +€27,957 | +81.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,264 | €57,221 | +€27,957 | +95.5% |
| Amounts payable | 17/49 | €46,796 | €28,840 | -€17,956 | -38.4% |
| Amounts payable within one year | 42/48 | €46,796 | €28,840 | -€17,956 | -38.4% |
| Trade debts | 44 | €42,329 | €17,970 | -€24,359 | -57.5% |
| Suppliers | 440/4 | €42,329 | €17,970 | -€24,359 | -57.5% |
| Taxes, remuneration and social security | 45 | €3,414 | €9,682 | +€6,268 | +184% |
| Taxes | 450/3 | €1,500 | €7,500 | +€6,000 | +400% |
| Remuneration and social security | 454/9 | €1,914 | €2,182 | +€268 | +14.0% |
| Other amounts payable | 47/48 | €1,053 | €1,188 | +€135 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,714 | €3,645 | +€1,931 | +113% |
| Other operating charges | 640/8 | €955 | €314 | -€641 | -67.1% |
| Gross operating margin | 9900 | €10,382 | €40,862 | +€30,480 | +294% |
| Operating profit (loss) | 9901 | €7,713 | €36,903 | +€29,190 | +378% |
| Financial income | 75/76B | €3 | €75 | +€72 | +2,400% |
| Recurring financial income | 75 | €3 | €75 | +€72 | +2,400% |
| Financial charges | 65/66B | €331 | €1,578 | +€1,247 | +377% |
| Recurring financial charges | 65 | €331 | €1,578 | +€1,247 | +377% |
| Profit (loss) for the period before taxes | 9903 | €7,385 | €35,400 | +€28,015 | +379% |
| Income taxes | 67/77 | €1,546 | €7,443 | +€5,897 | +381% |
| Profit (loss) for the period | 9904 | €5,839 | €27,957 | +€22,118 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €5,839 | €27,957 | +€22,118 | +379% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 March 2025 and 30 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.