Wa'art: 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.
What changed
Wa'art
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€88,281
2024 · -€12,663-€75,618
Equity
-€109,854
2024 · -€21,573-€88,281
Cash
€67,546
2024 · €68,295-€749
Balance sheet total
€132,141
2024 · €247,170-€115,029
Largest movements
Assets
- Receivables within one year -€81,753
down €81,753 (-89.8%), from €91,030 to €9,277
of which Trade receivables: -€70,645
- Tangible fixed assets -€18,653
down €18,653 (-30.9%), from €60,409 to €41,756
of which Furniture and vehicles: -€9,728
- Receivables after one year -€14,625
down €14,625 (-100%), from €14,625 to €0
Equity and liabilities
- Profit (loss) carried forward -€88,281
down €88,281 (-190%), from -€46,573 to -€134,854
- Debts after one year -€23,059
down €23,059 (-100%), from €23,059 to €0
- Advances received -€21,822
down €21,822 (-100%), from €21,822 to €0
- Trade debts +€19,451
up €19,451 (+22.6%), from €86,089 to €105,540
- Tax, wage and social debts +€10,340
up €10,340 (+11.5%), from €90,228 to €100,568
of which Remuneration and social security: +€11,358
Income statement
- Staff costs +€37,888
up €37,888 (+9.6%), from €393,351 to €431,239
- Write-downs +€13,200
new in 2025: €13,200
- Gross operating margin +€5,269
up €5,269 (+1.3%), from €413,882 to €419,151
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.
Result 2024
-€12,663
Gross operating margin
+€5,269
Staff costs
-€37,888
Depreciation
-€36
Write-downs
-€13,200
Other operating charges
-€2,870
Other operating items
-€24,307
Financial income
+€161
Financial charges
-€2,720
Taxes
-€26
Result 2025
-€88,281
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32,941
Investment
-€3,366
Financing
-€30,324
Cash 2024
€68,295
From operations (derived)
+€32,941
Net result for the year
-€88,281
Depreciation
+€22,304
Receivables after one year
+€14,625
Stocks and contracts
-€1,287
Receivables within one year
+€81,753
Deferred charges and accrued income
+€250
Trade debts
+€19,451
Tax, wage and social debts
+€10,340
Advances received
-€21,822
Other debts
+€984
Accrued charges and deferred income
-€5,376
Investment (derived)
-€3,366
Investment in fixed assets (net)
-€3,366
Financing
-€30,324
Debts after one year
-€23,059
Current portion of long-term debt
-€7,265
Cash 2025
€67,546
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,170 | €132,141 | -€115,029 | -46.5% |
| Fixed assets | 21/28 | €60,868 | €41,930 | -€18,938 | -31.1% |
| Intangible fixed assets | 21 | €459 | €175 | -€285 | -62.0% |
| Tangible fixed assets | 22/27 | €60,409 | €41,756 | -€18,653 | -30.9% |
| Plant, machinery and equipment | 23 | €35,902 | €27,886 | -€8,016 | -22.3% |
| Furniture and vehicles | 24 | €17,712 | €7,985 | -€9,728 | -54.9% |
| Other tangible fixed assets | 26 | €6,795 | €5,885 | -€910 | -13.4% |
| Current assets | 29/58 | €186,301 | €90,211 | -€96,091 | -51.6% |
| Amounts receivable after more than one year | 29 | €14,625 | €0 | -€14,625 | -100% |
| Trade receivables | 290 | €14,625 | €0 | -€14,625 | -100% |
| Stocks and contracts in progress | 3 | €6,375 | €7,662 | +€1,287 | +20.2% |
| Stocks | 30/36 | €6,375 | €7,662 | +€1,287 | +20.2% |
| Amounts receivable within one year | 40/41 | €91,030 | €9,277 | -€81,753 | -89.8% |
| Trade receivables | 40 | €79,661 | €9,017 | -€70,645 | -88.7% |
| Other amounts receivable | 41 | €11,369 | €260 | -€11,108 | -97.7% |
| Cash at bank and in hand | 54/58 | €68,295 | €67,546 | -€749 | -1.1% |
| Deferred charges and accrued income | 490/1 | €5,977 | €5,726 | -€250 | -4.2% |
| Total equity and liabilities | 10/49 | €247,170 | €132,141 | -€115,029 | -46.5% |
| Equity | 10/15 | -€21,573 | -€109,854 | -€88,281 | -409% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,573 | -€134,854 | -€88,281 | -190% |
| Amounts payable | 17/49 | €268,742 | €241,995 | -€26,748 | -10.0% |
| Amounts payable after more than one year | 17 | €23,059 | €0 | -€23,059 | -100% |
| Financial debts | 170/4 | €23,059 | €0 | -€23,059 | -100% |
| Amounts payable within one year | 42/48 | €234,882 | €236,569 | +€1,687 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €36,353 | €29,087 | -€7,265 | -20.0% |
| Trade debts | 44 | €86,089 | €105,540 | +€19,451 | +22.6% |
| Suppliers | 440/4 | €86,089 | €105,540 | +€19,451 | +22.6% |
| Advances received on contracts in progress | 46 | €21,822 | €0 | -€21,822 | -100% |
| Taxes, remuneration and social security | 45 | €90,228 | €100,568 | +€10,340 | +11.5% |
| Taxes | 450/3 | €25,661 | €24,643 | -€1,018 | -4.0% |
| Remuneration and social security | 454/9 | €64,567 | €75,925 | +€11,358 | +17.6% |
| Other amounts payable | 47/48 | €390 | €1,374 | +€984 | +252% |
| Accrued charges and deferred income | 492/3 | €10,802 | €5,426 | -€5,376 | -49.8% |
| Non-recurring operating income | 76A | €3,554 | €0 | -€3,554 | -100% |
| Remuneration, social security and pensions | 62 | €393,351 | €431,239 | +€37,888 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,268 | €22,304 | +€36 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,200 | +€13,200 | |
| Other operating charges | 640/8 | €1,074 | €3,945 | +€2,870 | +267% |
| Non-recurring operating charges | 66A | €0 | €24,307 | +€24,307 | |
| Gross operating margin | 9900 | €413,882 | €419,151 | +€5,269 | +1.3% |
| Operating profit (loss) | 9901 | -€2,811 | -€75,844 | -€73,032 | -2,598% |
| Financial income | 75/76B | €18 | €178 | +€161 | +918% |
| Recurring financial income | 75 | €18 | €178 | +€161 | +918% |
| Financial charges | 65/66B | €9,614 | €12,334 | +€2,720 | +28.3% |
| Recurring financial charges | 65 | €9,614 | €12,334 | +€2,720 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,407 | -€87,999 | -€75,592 | -609% |
| Income taxes | 67/77 | €256 | €282 | +€26 | +10.1% |
| Profit (loss) for the period | 9904 | -€12,663 | -€88,281 | -€75,618 | -597% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,663 | -€88,281 | -€75,618 | -597% |
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 23 October 2026 via checked.be.