Waaiberg: 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.
Waaiberg
Largest movements
- Cash -€103,850
down €103,850 (-43.5%), from €238,839 to €134,989
mainly Contributions, distributions and other (-€549,294) and Debts after one year (-€14,635)
- Receivables within one year -€30,758
down €30,758 (-21.2%), from €145,216 to €114,459
of which Trade receivables: -€30,860
- Tangible fixed assets -€28,879
down €28,879 (-25.0%), from €115,650 to €86,771
of which Furniture and vehicles: -€20,662
- Receivables after one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Profit (loss) carried forward -€413,502
down €413,502 (-99.8%), from €414,485 to €982
- Other debts +€256,707
up €256,707 (+4206.0%), from €6,103 to €262,810
- Debts after one year -€14,635
down €14,635 (-35.4%), from €41,299 to €26,664
- Gross operating margin -€21,521
down €21,521 (-9.2%), from €234,492 to €212,972
- Taxes -€7,449
down €7,449 (-14.6%), from €51,067 to €43,618
- Depreciation +€2,683
up €2,683 (+9.2%), from €29,018 to €31,701
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 | €515,422 | €341,646 | -€173,775 | -33.7% |
| Fixed assets | 21/28 | €115,650 | €86,771 | -€28,879 | -25.0% |
| Tangible fixed assets | 22/27 | €115,650 | €86,771 | -€28,879 | -25.0% |
| Land and buildings | 22 | €19,050 | €11,179 | -€7,871 | -41.3% |
| Plant, machinery and equipment | 23 | €3,238 | €2,892 | -€346 | -10.7% |
| Furniture and vehicles | 24 | €93,362 | €72,700 | -€20,662 | -22.1% |
| Current assets | 29/58 | €399,771 | €254,875 | -€144,896 | -36.2% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade receivables | 290 | €15,000 | €0 | -€15,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €145,216 | €114,459 | -€30,758 | -21.2% |
| Trade receivables | 40 | €145,216 | €114,356 | -€30,860 | -21.3% |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Current investments | 50/53 | - | €4,655 | +€4,655 | |
| Cash at bank and in hand | 54/58 | €238,839 | €134,989 | -€103,850 | -43.5% |
| Deferred charges and accrued income | 490/1 | €716 | €772 | +€56 | +7.8% |
| Total equity and liabilities | 10/49 | €515,422 | €341,646 | -€173,775 | -33.7% |
| Equity | 10/15 | €419,485 | €5,982 | -€413,502 | -98.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €414,485 | €982 | -€413,502 | -99.8% |
| Amounts payable | 17/49 | €95,937 | €335,664 | +€239,727 | +249.9% |
| Amounts payable after more than one year | 17 | €41,299 | €26,664 | -€14,635 | -35.4% |
| Financial debts | 170/4 | €41,299 | €26,664 | -€14,635 | -35.4% |
| Amounts payable within one year | 42/48 | €54,638 | €308,999 | +€254,361 | +465.5% |
| Current portion of amounts payable after more than one year | 42 | €14,213 | €14,635 | +€422 | +3.0% |
| Trade debts | 44 | €2,449 | €1,103 | -€1,346 | -55.0% |
| Suppliers | 440/4 | €2,449 | €1,103 | -€1,346 | -55.0% |
| Taxes, remuneration and social security | 45 | €31,873 | €30,452 | -€1,421 | -4.5% |
| Taxes | 450/3 | €31,873 | €28,963 | -€2,910 | -9.1% |
| Remuneration and social security | 454/9 | €0 | €1,489 | +€1,489 | |
| Other amounts payable | 47/48 | €6,103 | €262,810 | +€256,707 | +4206.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,018 | €31,701 | +€2,683 | +9.2% |
| Other operating charges | 640/8 | €1,101 | €1,263 | +€162 | +14.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €234,492 | €212,972 | -€21,521 | -9.2% |
| Operating profit (loss) | 9901 | €204,373 | €180,008 | -€24,366 | -11.9% |
| Financial income | 75/76B | €643 | €905 | +€262 | +40.8% |
| Recurring financial income | 75 | €643 | €905 | +€262 | +40.8% |
| Financial charges | 65/66B | €1,935 | €1,503 | -€432 | -22.3% |
| Recurring financial charges | 65 | €1,935 | €1,503 | -€432 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €203,081 | €179,410 | -€23,671 | -11.7% |
| Income taxes | 67/77 | €51,067 | €43,618 | -€7,449 | -14.6% |
| Profit (loss) for the period | 9904 | €152,014 | €135,792 | -€16,222 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,014 | €135,792 | -€16,222 | -10.7% |
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 12 October 2026 via checked.be.