WAAN: 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.
WAAN
Largest movements
- Receivables within one year -€45,045
down €45,045 (-96.6%), from €46,608 to €1,562
of which Other amounts receivable: -€45,045
- Tangible fixed assets +€36,356
up €36,356 (+92.5%), from €39,284 to €75,640
of which Other tangible fixed assets: +€32,294
- Cash +€33,936
up €33,936 (+116.3%), from €29,170 to €63,106
mainly Receivables within one year (+€45,045) and Trade debts (+€41,280)
- Trade debts +€41,280
up €41,280 (+249.0%), from €16,581 to €57,861
- Profit (loss) carried forward -€19,259
down €19,259 (-20.2%), from €95,445 to €76,186
- Contributions +€12,400
new in 2025: €12,400
- Tax, wage and social debts -€8,270
down €8,270 (-30.9%), from €26,801 to €18,532
- Turnover -€31,420
down €31,420 (-21.9%), from €143,200 to €111,780
- Gross operating margin -€22,871
down €22,871 (-37.3%), from €61,235 to €38,365
- Other operating charges -€10,680
down €10,680 (-85.5%), from €12,489 to €1,809
- Taxes -€9,342
down €9,342 (-68.4%), from €13,665 to €4,324
- Depreciation -€8,520
down €8,520 (-86.5%), from €9,850 to €1,330
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 | €138,827 | €164,979 | +€26,151 | +18.8% |
| Fixed assets | 21/28 | €62,838 | €99,194 | +€36,356 | +57.9% |
| Intangible fixed assets | 21 | €21,554 | €21,554 | = | 0.0% |
| Tangible fixed assets | 22/27 | €39,284 | €75,640 | +€36,356 | +92.5% |
| Land and buildings | 22 | €37,124 | €36,425 | -€699 | -1.9% |
| Plant, machinery and equipment | 23 | - | €4,761 | +€4,761 | |
| Furniture and vehicles | 24 | €1,728 | €1,728 | = | 0.0% |
| Other tangible fixed assets | 26 | €432 | €32,726 | +€32,294 | +7479.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €75,989 | €65,785 | -€10,205 | -13.4% |
| Amounts receivable within one year | 40/41 | €46,608 | €1,562 | -€45,045 | -96.6% |
| Trade receivables | 40 | €1,562 | €1,562 | = | 0.0% |
| Other amounts receivable | 41 | €45,045 | - | -€45,045 | |
| Cash at bank and in hand | 54/58 | €29,170 | €63,106 | +€33,936 | +116.3% |
| Deferred charges and accrued income | 490/1 | €211 | €1,116 | +€904 | +427.7% |
| Total equity and liabilities | 10/49 | €138,827 | €164,979 | +€26,151 | +18.8% |
| Equity | 10/15 | €95,445 | €88,586 | -€6,859 | -7.2% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | €95,445 | €76,186 | -€19,259 | -20.2% |
| Amounts payable | 17/49 | €43,382 | €76,393 | +€33,010 | +76.1% |
| Amounts payable within one year | 42/48 | €43,382 | €76,393 | +€33,010 | +76.1% |
| Trade debts | 44 | €16,581 | €57,861 | +€41,280 | +249.0% |
| Suppliers | 440/4 | €16,581 | €57,861 | +€41,280 | +249.0% |
| Taxes, remuneration and social security | 45 | €26,801 | €18,532 | -€8,270 | -30.9% |
| Taxes | 450/3 | €26,801 | €18,532 | -€8,270 | -30.9% |
| Turnover | 70 | €143,200 | €111,780 | -€31,420 | -21.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,205 | €75,781 | -€8,423 | -10.0% |
| Remuneration, social security and pensions | 62 | €4,475 | €233 | -€4,242 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,850 | €1,330 | -€8,520 | -86.5% |
| Other operating charges | 640/8 | €12,489 | €1,809 | -€10,680 | -85.5% |
| Non-recurring operating charges | 66A | - | €49,600 | +€49,600 | |
| Gross operating margin | 9900 | €61,235 | €38,365 | -€22,871 | -37.3% |
| Operating profit (loss) | 9901 | €34,422 | -€14,607 | -€49,029 | |
| Financial income | 75/76B | €2,782 | - | -€2,782 | |
| Recurring financial income | 75 | €2,782 | - | -€2,782 | |
| Financial charges | 65/66B | €300 | €329 | +€28 | +9.5% |
| Recurring financial charges | 65 | €300 | €329 | +€28 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €36,904 | -€14,936 | -€51,839 | |
| Income taxes | 67/77 | €13,665 | €4,324 | -€9,342 | -68.4% |
| Profit (loss) for the period | 9904 | €23,238 | -€19,259 | -€42,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,238 | -€19,259 | -€42,497 |
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.