W.A.B.: 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.
W.A.B.
Largest movements
- Cash +€35,755
up €35,755 (+36.5%), from €97,929 to €133,684
mainly Net result for the year (+€53,215) and Tax, wage and social debts (+€4,168)
- Receivables within one year -€2,589
down €2,589 (-16.4%), from €15,752 to €13,163
of which Other amounts receivable: -€2,479
- Tangible fixed assets -€2,506
down €2,506 (-50.6%), from €4,952 to €2,446
- Reserves +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
- Tax, wage and social debts +€4,168
up €4,168 (+57.8%), from €7,206 to €11,374
of which Taxes: +€4,168
- Other debts +€3,521
up €3,521 (+13.0%), from €27,015 to €30,536
- Profit (loss) carried forward +€3,215
up €3,215 (+6.0%), from €53,969 to €57,184
- Gross operating margin +€37,663
up €37,663 (+110.6%), from €34,043 to €71,707
- Taxes +€11,745
up €11,745 (+235.9%), from €4,980 to €16,725
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 | €118,634 | €149,294 | +€30,660 | +25.8% |
| Fixed assets | 21/28 | €4,952 | €2,446 | -€2,506 | -50.6% |
| Tangible fixed assets | 22/27 | €4,952 | €2,446 | -€2,506 | -50.6% |
| Furniture and vehicles | 24 | €4,952 | €2,446 | -€2,506 | -50.6% |
| Current assets | 29/58 | €113,682 | €146,847 | +€33,165 | +29.2% |
| Amounts receivable within one year | 40/41 | €15,752 | €13,163 | -€2,589 | -16.4% |
| Trade receivables | 40 | €13,263 | €13,153 | -€110 | -0.8% |
| Other amounts receivable | 41 | €2,490 | €10 | -€2,479 | -99.6% |
| Cash at bank and in hand | 54/58 | €97,929 | €133,684 | +€35,755 | +36.5% |
| Total equity and liabilities | 10/49 | €118,634 | €149,294 | +€30,660 | +25.8% |
| Equity | 10/15 | €84,069 | €107,284 | +€23,215 | +27.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Distributable reserves | 133 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Profit (loss) carried forward | 14 | €53,969 | €57,184 | +€3,215 | +6.0% |
| Amounts payable | 17/49 | €34,564 | €42,009 | +€7,445 | +21.5% |
| Amounts payable within one year | 42/48 | €34,564 | €42,009 | +€7,445 | +21.5% |
| Trade debts | 44 | €344 | €99 | -€244 | -71.1% |
| Suppliers | 440/4 | €344 | €99 | -€244 | -71.1% |
| Taxes, remuneration and social security | 45 | €7,206 | €11,374 | +€4,168 | +57.8% |
| Taxes | 450/3 | €5,706 | €9,874 | +€4,168 | +73.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €27,015 | €30,536 | +€3,521 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,733 | €2,052 | +€318 | +18.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €34,043 | €71,707 | +€37,663 | +110.6% |
| Operating profit (loss) | 9901 | €31,926 | €69,268 | +€37,342 | +117.0% |
| Financial income | 75/76B | €499 | €1,126 | +€627 | +125.7% |
| Recurring financial income | 75 | €499 | €1,126 | +€627 | +125.7% |
| Financial charges | 65/66B | €5 | €454 | +€449 | +8927.6% |
| Recurring financial charges | 65 | €5 | €454 | +€449 | +8927.6% |
| Non-recurring financial charges | 66B | - | €454 | +€454 | |
| Profit (loss) for the period before taxes | 9903 | €32,420 | €69,940 | +€37,520 | +115.7% |
| Income taxes | 67/77 | €4,980 | €16,725 | +€11,745 | +235.9% |
| Profit (loss) for the period | 9904 | €27,440 | €53,215 | +€25,775 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,440 | €53,215 | +€25,775 | +93.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.