WA1 Holding: what changed
WA1 Holding
Largest movements
- Current investments -€365,361
down €365,361 (-67.8%), from €539,034 to €173,673
- Financial fixed assets -€256,689
down €256,689 (-13.9%), from €1.9m to €1.6m
- Cash +€92,884
up €92,884 (+81.5%), from €114,028 to €206,911
mainly Current investments (+€365,361) and Net result for the year (+€329,948)
- Other debts -€808,510
down €808,510 (-57.1%), from €1.4m to €607,306
- Reserves +€290,000
up €290,000 (+30.5%), from €950,000 to €1.2m
- Financial income +€69,562
up €69,562 (+24.0%), from €289,430 to €358,991
of which Financial income: +€86,523
- Financial charges -€12,505
down €12,505 (-35.5%), from €35,248 to €22,743
- Gross operating margin +€1,985
up €1,985 (+27.2%), from -€7,287 to -€5,302
- Taxes -€102
no longer reported in 2025 (was €102)
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 | €2,504,849 | €1,974,438 | -€530,411 | -21.2% |
| Fixed assets | 21/28 | €1,850,118 | €1,593,429 | -€256,689 | -13.9% |
| Financial fixed assets | 28 | €1,850,118 | €1,593,429 | -€256,689 | -13.9% |
| Current assets | 29/58 | €654,731 | €381,010 | -€273,722 | -41.8% |
| Amounts receivable within one year | 40/41 | €232 | €425 | +€193 | +83.2% |
| Other amounts receivable | 41 | €232 | €425 | +€193 | +83.2% |
| Current investments | 50/53 | €539,034 | €173,673 | -€365,361 | -67.8% |
| Cash at bank and in hand | 54/58 | €114,028 | €206,911 | +€92,884 | +81.5% |
| Deferred charges and accrued income | 490/1 | €1,437 | - | -€1,437 | |
| Total equity and liabilities | 10/49 | €2,504,849 | €1,974,438 | -€530,411 | -21.2% |
| Equity | 10/15 | €987,393 | €1,267,341 | +€279,948 | +28.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €950,000 | €1,240,000 | +€290,000 | +30.5% |
| Distributable reserves | 133 | €950,000 | €1,240,000 | +€290,000 | +30.5% |
| Profit (loss) carried forward | 14 | €17,393 | €7,341 | -€10,052 | -57.8% |
| Amounts payable | 17/49 | €1,517,456 | €707,097 | -€810,359 | -53.4% |
| Amounts payable after more than one year | 17 | €92,292 | €82,932 | -€9,359 | -10.1% |
| Financial debts | 170/4 | €92,292 | €82,932 | -€9,359 | -10.1% |
| Amounts payable within one year | 42/48 | €1,424,990 | €624,165 | -€800,825 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €9,174 | €9,359 | +€185 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €7,500 | +€7,500 | |
| Taxes | 450/3 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | €1,415,815 | €607,306 | -€808,510 | -57.1% |
| Accrued charges and deferred income | 492/3 | €175 | - | -€175 | |
| Other operating charges | 640/8 | €1,004 | €998 | -€5 | -0.5% |
| Gross operating margin | 9900 | -€7,287 | -€5,302 | +€1,985 | +27.2% |
| Operating profit (loss) | 9901 | -€8,291 | -€6,300 | +€1,990 | +24.0% |
| Financial income | 75/76B | €289,430 | €358,991 | +€69,562 | +24.0% |
| Recurring financial income | 75 | €272,469 | €358,991 | +€86,523 | +31.8% |
| Non-recurring financial income | 76B | €16,961 | - | -€16,961 | |
| Financial charges | 65/66B | €35,248 | €22,743 | -€12,505 | -35.5% |
| Recurring financial charges | 65 | €35,248 | €22,743 | -€12,505 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €245,891 | €329,948 | +€84,057 | +34.2% |
| Income taxes | 67/77 | €102 | - | -€102 | |
| Profit (loss) for the period | 9904 | €245,789 | €329,948 | +€84,159 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €245,789 | €329,948 | +€84,159 | +34.2% |
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 1 November 2026 via checked.be.