WA-COMPANY: what changed
WA-COMPANY
Largest movements
- Cash -€297,161
down €297,161 (-93.6%), from €317,500 to €20,339
mainly Current investments (-€273,235) and Contributions, distributions and other (-€173,366)
- Current investments +€273,235
new in 2025: €273,235
- Receivables within one year +€109,963
up €109,963 (+49.2%), from €223,389 to €333,352
- Tangible fixed assets +€40,074
up €40,074 (+47.9%), from €83,602 to €123,675
of which Other tangible fixed assets: +€28,400
- Reserves +€110,000
up €110,000 (+27.1%), from €405,955 to €515,955
- Other debts +€83,366
up €83,366 (+92.6%), from €90,000 to €173,366
- Current portion of long-term debt -€54,783
down €54,783 (-55.0%), from €99,569 to €44,786
- Debts after one year -€30,423
down €30,423 (-51.1%), from €59,489 to €29,066
- Tax, wage and social debts +€11,821
up €11,821 (+140%), from €8,421 to €20,242
- Gross operating margin +€41,520
up €41,520 (+12.8%), from €324,913 to €366,434
- Financial income +€27,006
up €27,006 (+1,306%), from €2,068 to €29,074
- Taxes -€15,201
down €15,201 (-17.8%), from €85,499 to €70,298
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,614 | €797,574 | +€121,961 | +18.1% |
| Fixed assets | 21/28 | €84,602 | €128,175 | +€43,574 | +51.5% |
| Tangible fixed assets | 22/27 | €83,602 | €123,675 | +€40,074 | +47.9% |
| Land and buildings | 22 | - | €6,517 | +€6,517 | |
| Furniture and vehicles | 24 | €83,602 | €88,759 | +€5,157 | +6.2% |
| Other tangible fixed assets | 26 | - | €28,400 | +€28,400 | |
| Financial fixed assets | 28 | €1,000 | €4,500 | +€3,500 | +350% |
| Current assets | 29/58 | €591,012 | €669,399 | +€78,387 | +13.3% |
| Amounts receivable within one year | 40/41 | €223,389 | €333,352 | +€109,963 | +49.2% |
| Other amounts receivable | 41 | €223,389 | €333,352 | +€109,963 | +49.2% |
| Current investments | 50/53 | - | €273,235 | +€273,235 | |
| Cash at bank and in hand | 54/58 | €317,500 | €20,339 | -€297,161 | -93.6% |
| Deferred charges and accrued income | 490/1 | €50,123 | €42,472 | -€7,651 | -15.3% |
| Total equity and liabilities | 10/49 | €675,614 | €797,574 | +€121,961 | +18.1% |
| Equity | 10/15 | €410,955 | €520,955 | +€110,000 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €405,955 | €515,955 | +€110,000 | +27.1% |
| Distributable reserves | 133 | €405,955 | €515,955 | +€110,000 | +27.1% |
| Amounts payable | 17/49 | €264,659 | €276,620 | +€11,961 | +4.5% |
| Amounts payable after more than one year | 17 | €59,489 | €29,066 | -€30,423 | -51.1% |
| Financial debts | 170/4 | €59,489 | €29,066 | -€30,423 | -51.1% |
| Amounts payable within one year | 42/48 | €205,153 | €245,070 | +€39,916 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €99,569 | €44,786 | -€54,783 | -55.0% |
| Trade debts | 44 | €7,163 | €6,675 | -€488 | -6.8% |
| Suppliers | 440/4 | €7,163 | €6,675 | -€488 | -6.8% |
| Taxes, remuneration and social security | 45 | €8,421 | €20,242 | +€11,821 | +140% |
| Taxes | 450/3 | €8,421 | €20,242 | +€11,821 | +140% |
| Other amounts payable | 47/48 | €90,000 | €173,366 | +€83,366 | +92.6% |
| Accrued charges and deferred income | 492/3 | €17 | €2,484 | +€2,467 | +14,818% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,064 | €31,249 | +€2,185 | +7.5% |
| Other operating charges | 640/8 | €3,868 | €3,686 | -€182 | -4.7% |
| Gross operating margin | 9900 | €324,913 | €366,434 | +€41,520 | +12.8% |
| Operating profit (loss) | 9901 | €291,982 | €331,499 | +€39,517 | +13.5% |
| Financial income | 75/76B | €2,068 | €29,074 | +€27,006 | +1,306% |
| Recurring financial income | 75 | €2,068 | €29,074 | +€27,006 | +1,306% |
| Financial charges | 65/66B | €7,302 | €6,908 | -€394 | -5.4% |
| Recurring financial charges | 65 | €7,302 | €6,908 | -€394 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €286,748 | €353,665 | +€66,917 | +23.3% |
| Income taxes | 67/77 | €85,499 | €70,298 | -€15,201 | -17.8% |
| Profit (loss) for the period | 9904 | €201,249 | €283,366 | +€82,117 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €201,249 | €283,366 | +€82,117 | +40.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.