WAASCO: what changed
WAASCO
Largest movements
- Cash +€46,991
up €46,991 (+71.2%), from €66,012 to €113,003
mainly Other debts (+€129,466) and Net result for the year (+€78,057)
- Tangible fixed assets -€9,976
down €9,976 (-32.2%), from €30,951 to €20,975
- Receivables within one year -€5,476
down €5,476 (-24.4%), from €22,416 to €16,940
of which Other amounts receivable: -€5,476
- Other debts +€129,466
up €129,466 (+1,482%), from €8,735 to €138,201
- Reserves -€50,886
down €50,886 (-89.0%), from €57,153 to €6,268
- Debts after one year -€38,900
down €38,900 (-100%), from €38,900 to €0
- Tax, wage and social debts -€6,705
down €6,705 (-66.0%), from €10,163 to €3,458
- Gross operating margin +€69,756
up €69,756 (+166%), from €42,108 to €111,864
- Taxes +€14,029
up €14,029 (+212%), from €6,621 to €20,650
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 | €120,872 | €152,151 | +€31,279 | +25.9% |
| Fixed assets | 21/28 | €30,951 | €20,975 | -€9,976 | -32.2% |
| Tangible fixed assets | 22/27 | €30,951 | €20,975 | -€9,976 | -32.2% |
| Furniture and vehicles | 24 | €30,951 | €20,975 | -€9,976 | -32.2% |
| Current assets | 29/58 | €89,921 | €131,176 | +€41,255 | +45.9% |
| Amounts receivable within one year | 40/41 | €22,416 | €16,940 | -€5,476 | -24.4% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €5,476 | €0 | -€5,476 | -100% |
| Cash at bank and in hand | 54/58 | €66,012 | €113,003 | +€46,991 | +71.2% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,233 | -€260 | -17.4% |
| Total equity and liabilities | 10/49 | €120,872 | €152,151 | +€31,279 | +25.9% |
| Equity | 10/15 | €59,653 | €8,768 | -€50,886 | -85.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,153 | €6,268 | -€50,886 | -89.0% |
| Distributable reserves | 133 | €57,153 | €6,268 | -€50,886 | -89.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,219 | €143,383 | +€82,164 | +134% |
| Amounts payable after more than one year | 17 | €38,900 | €0 | -€38,900 | -100% |
| Financial debts | 170/4 | €38,900 | €0 | -€38,900 | -100% |
| Amounts payable within one year | 42/48 | €20,374 | €141,772 | +€121,398 | +596% |
| Trade debts | 44 | €1,476 | €113 | -€1,363 | -92.3% |
| Suppliers | 440/4 | €1,476 | €113 | -€1,363 | -92.3% |
| Taxes, remuneration and social security | 45 | €10,163 | €3,458 | -€6,705 | -66.0% |
| Taxes | 450/3 | €10,163 | €3,458 | -€6,705 | -66.0% |
| Other amounts payable | 47/48 | €8,735 | €138,201 | +€129,466 | +1,482% |
| Accrued charges and deferred income | 492/3 | €1,945 | €1,611 | -€334 | -17.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,231 | €9,976 | -€255 | -2.5% |
| Other operating charges | 640/8 | €1,106 | €1,483 | +€377 | +34.1% |
| Gross operating margin | 9900 | €42,108 | €111,864 | +€69,756 | +166% |
| Operating profit (loss) | 9901 | €30,771 | €100,405 | +€69,634 | +226% |
| Financial charges | 65/66B | €2,574 | €1,698 | -€877 | -34.0% |
| Recurring financial charges | 65 | €2,574 | €1,698 | -€877 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €28,197 | €98,707 | +€70,510 | +250% |
| Income taxes | 67/77 | €6,621 | €20,650 | +€14,029 | +212% |
| Profit (loss) for the period | 9904 | €21,576 | €78,057 | +€56,481 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €21,576 | €78,057 | +€56,481 | +262% |
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 2 November 2026 via checked.be.