WAAS Security: 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.
WAAS Security
Largest movements
- Receivables within one year +€14,760
up €14,760 (+467%), from €3,159 to €17,918
of which Other amounts receivable: +€16,129
- Stocks and contracts -€2,652
down €2,652 (-7.7%), from €34,252 to €31,600
- Tangible fixed assets +€1,190
up €1,190 (+48.8%), from €2,438 to €3,627
of which Plant, machinery and equipment: +€1,678
- Cash +€931
up €931 (+18.9%), from €4,928 to €5,859
mainly Other debts (+€16,761) and Stocks and contracts (+€2,652)
- Intangible fixed assets -€794
down €794 (-42.2%), from €1,882 to €1,088
- Other debts +€16,761
up €16,761 (+203%), from €8,239 to €25,000
- Profit (loss) carried forward -€4,019
down €4,019 (-33.4%), from -€12,026 to -€16,045
- Tax, wage and social debts +€2,236
up €2,236 (+5,740%), from €39 to €2,275
- Trade debts -€1,386
down €1,386 (-25.4%), from €5,455 to €4,069
- Gross operating margin -€8,511
down €8,511 (-81.2%), from €10,487 to €1,976
- Financial charges -€6,005
down €6,005 (-56.0%), from €10,715 to €4,710
- Other operating charges +€285
up €285 (+100%), from €285 to €570
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.
Derived cash bridge
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 | €47,270 | €60,704 | +€13,435 | +28.4% |
| Fixed assets | 21/28 | €4,931 | €5,327 | +€396 | +8.0% |
| Intangible fixed assets | 21 | €1,882 | €1,088 | -€794 | -42.2% |
| Tangible fixed assets | 22/27 | €2,438 | €3,627 | +€1,190 | +48.8% |
| Plant, machinery and equipment | 23 | €1,459 | €3,137 | +€1,678 | +115% |
| Furniture and vehicles | 24 | €978 | €490 | -€488 | -49.9% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €42,339 | €55,377 | +€13,039 | +30.8% |
| Stocks and contracts in progress | 3 | €34,252 | €31,600 | -€2,652 | -7.7% |
| Stocks | 30/36 | €34,252 | €31,600 | -€2,652 | -7.7% |
| Amounts receivable within one year | 40/41 | €3,159 | €17,918 | +€14,760 | +467% |
| Trade receivables | 40 | €3,159 | €1,790 | -€1,369 | -43.3% |
| Other amounts receivable | 41 | - | €16,129 | +€16,129 | |
| Cash at bank and in hand | 54/58 | €4,928 | €5,859 | +€931 | +18.9% |
| Total equity and liabilities | 10/49 | €47,270 | €60,704 | +€13,435 | +28.4% |
| Equity | 10/15 | €8,379 | €4,360 | -€4,019 | -48.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,026 | -€16,045 | -€4,019 | -33.4% |
| Amounts payable | 17/49 | €38,890 | €56,344 | +€17,454 | +44.9% |
| Amounts payable within one year | 42/48 | €38,890 | €56,344 | +€17,454 | +44.9% |
| Financial debts | 43 | €25,158 | €25,000 | -€158 | -0.6% |
| Credit institutions | 430/8 | €25,158 | €25,000 | -€158 | -0.6% |
| Trade debts | 44 | €5,455 | €4,069 | -€1,386 | -25.4% |
| Suppliers | 440/4 | €5,455 | €4,069 | -€1,386 | -25.4% |
| Taxes, remuneration and social security | 45 | €39 | €2,275 | +€2,236 | +5,740% |
| Taxes | 450/3 | €39 | €2,275 | +€2,236 | +5,740% |
| Other amounts payable | 47/48 | €8,239 | €25,000 | +€16,761 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,488 | €1,525 | +€37 | +2.5% |
| Other operating charges | 640/8 | €285 | €570 | +€285 | +100% |
| Non-recurring operating charges | 66A | - | €82 | +€82 | |
| Gross operating margin | 9900 | €10,487 | €1,976 | -€8,511 | -81.2% |
| Operating profit (loss) | 9901 | €8,715 | -€200 | -€8,915 | |
| Financial income | 75/76B | €911 | €891 | -€20 | -2.2% |
| Recurring financial income | 75 | €911 | €891 | -€20 | -2.2% |
| Financial charges | 65/66B | €10,715 | €4,710 | -€6,005 | -56.0% |
| Recurring financial charges | 65 | €10,715 | €4,710 | -€6,005 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,089 | -€4,019 | -€2,930 | -269% |
| Profit (loss) for the period | 9904 | -€1,089 | -€4,019 | -€2,930 | -269% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,089 | -€4,019 | -€2,930 | -269% |
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 13 October 2026 via checked.be.