WAAJNOT: 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.
WAAJNOT
Largest movements
- Tangible fixed assets -€10,087
down €10,087 (-6.3%), from €161,060 to €150,973
- Debts after one year -€12,347
no longer reported in 2025 (was €12,347)
- Reserves +€6,338
up €6,338 (+5.8%), from €109,989 to €116,327
of which Distributable reserves: +€6,338
- Current portion of long-term debt -€6,021
down €6,021 (-32.8%), from €18,368 to €12,347
- Gross operating margin -€657
down €657 (-3.1%), from €21,285 to €20,628
- Other operating charges -€341
down €341 (-18.3%), from €1,857 to €1,517
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 | €164,269 | €153,583 | -€10,686 | -6.5% |
| Fixed assets | 21/28 | €161,060 | €150,973 | -€10,087 | -6.3% |
| Tangible fixed assets | 22/27 | €161,060 | €150,973 | -€10,087 | -6.3% |
| Land and buildings | 22 | €161,060 | €150,973 | -€10,087 | -6.3% |
| Current assets | 29/58 | €3,209 | €2,610 | -€599 | -18.7% |
| Amounts receivable within one year | 40/41 | €342 | €395 | +€53 | +15.5% |
| Other amounts receivable | 41 | €342 | €395 | +€53 | +15.5% |
| Cash at bank and in hand | 54/58 | €2,868 | €2,215 | -€652 | -22.7% |
| Total equity and liabilities | 10/49 | €164,269 | €153,583 | -€10,686 | -6.5% |
| Equity | 10/15 | €128,589 | €134,927 | +€6,338 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,989 | €116,327 | +€6,338 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €108,129 | €114,467 | +€6,338 | +5.9% |
| Amounts payable | 17/49 | €35,680 | €18,657 | -€17,024 | -47.7% |
| Amounts payable after more than one year | 17 | €12,347 | - | -€12,347 | |
| Financial debts | 170/4 | €12,347 | - | -€12,347 | |
| Amounts payable within one year | 42/48 | €23,333 | €18,657 | -€4,677 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €18,368 | €12,347 | -€6,021 | -32.8% |
| Trade debts | 44 | €859 | €1,615 | +€756 | +88.0% |
| Suppliers | 440/4 | €859 | €1,615 | +€756 | +88.0% |
| Taxes, remuneration and social security | 45 | €4,106 | €4,694 | +€588 | +14.3% |
| Taxes | 450/3 | €4,106 | €4,694 | +€588 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,087 | €10,087 | = | 0.0% |
| Other operating charges | 640/8 | €1,857 | €1,517 | -€341 | -18.3% |
| Gross operating margin | 9900 | €21,285 | €20,628 | -€657 | -3.1% |
| Operating profit (loss) | 9901 | €9,340 | €9,024 | -€316 | -3.4% |
| Financial charges | 65/66B | €580 | €380 | -€200 | -34.5% |
| Recurring financial charges | 65 | €580 | €380 | -€200 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €8,761 | €8,645 | -€116 | -1.3% |
| Income taxes | 67/77 | €2,387 | €2,307 | -€80 | -3.4% |
| Profit (loss) for the period | 9904 | €6,373 | €6,338 | -€36 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,373 | €6,338 | -€36 | -0.6% |
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 10 October 2026 via checked.be.