WAASVAR: 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.
What changed
WAASVAR
NACE 01.461, Pig breeding farms
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€112,407
2024 · €716,354-€603,948
Equity
€221,620
2024 · €109,214+€112,407
Cash
€22,192
2024 · €17,281+€4,911
Balance sheet total
€2.4m
2024 · €2.6m-€182,224
Largest movements
Assets
- Stocks and contracts -€180,353
down €180,353 (-11.3%), from €1.6m to €1.4m
- Receivables within one year -€49,491
down €49,491 (-19.7%), from €251,830 to €202,339
of which Trade receivables: -€112,857
- Tangible fixed assets +€29,680
up €29,680 (+19.2%), from €154,689 to €184,368
of which Furniture and vehicles: +€51,046
Equity and liabilities
- Debts after one year -€219,881
down €219,881 (-45.0%), from €488,273 to €268,392
- Profit (loss) carried forward +€112,407
up €112,407 (+420.8%), from €26,714 to €139,120
- Current portion of long-term debt -€96,823
down €96,823 (-31.7%), from €305,913 to €209,090
Income statement
- Gross operating margin -€558,176
down €558,176 (-72.1%), from €774,339 to €216,163
- Taxes +€33,244
up €33,244 (+24116.0%), from €138 to €33,382
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.
Result 2024
€716,354
Gross operating margin
-€558,176
Depreciation
-€5,540
Other operating charges
-€4,490
Financial income
+€1,654
Financial charges
-€4,152
Taxes
-€33,244
Result 2025
€112,407
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.
From operations
+€399,572
Investment
-€77,957
Financing
-€316,704
Cash 2024
€17,281
From operations (derived)
+€399,572
Net result for the year
+€112,407
Depreciation
+€31,277
Receivables after one year
+€4,000
Stocks and contracts
+€180,353
Receivables within one year
+€49,491
Deferred charges and accrued income
-€29
Trade debts
+€6,189
Tax, wage and social debts
+€23,060
Other debts
-€9,635
Accrued charges and deferred income
+€2,459
Investment (derived)
-€77,957
Investment in fixed assets (net)
-€77,957
Financing
-€316,704
Debts after one year
-€219,881
Current portion of long-term debt
-€96,823
Cash 2025
€22,192
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,553,871 | €2,371,647 | -€182,224 | -7.1% |
| Fixed assets | 21/28 | €672,689 | €719,368 | +€46,680 | +6.9% |
| Tangible fixed assets | 22/27 | €154,689 | €184,368 | +€29,680 | +19.2% |
| Land and buildings | 22 | €150,687 | €128,804 | -€21,883 | -14.5% |
| Plant, machinery and equipment | 23 | €1,665 | €2,182 | +€517 | +31.0% |
| Furniture and vehicles | 24 | €2,336 | €53,383 | +€51,046 | +2184.9% |
| Financial fixed assets | 28 | €518,000 | €535,000 | +€17,000 | +3.3% |
| Current assets | 29/58 | €1,881,182 | €1,652,279 | -€228,904 | -12.2% |
| Amounts receivable after more than one year | 29 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Other amounts receivable | 291 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Stocks and contracts in progress | 3 | €1,592,301 | €1,411,948 | -€180,353 | -11.3% |
| Stocks | 30/36 | €1,592,301 | €1,411,948 | -€180,353 | -11.3% |
| Amounts receivable within one year | 40/41 | €251,830 | €202,339 | -€49,491 | -19.7% |
| Trade receivables | 40 | €243,364 | €130,507 | -€112,857 | -46.4% |
| Other amounts receivable | 41 | €8,466 | €71,832 | +€63,366 | +748.5% |
| Cash at bank and in hand | 54/58 | €17,281 | €22,192 | +€4,911 | +28.4% |
| Deferred charges and accrued income | 490/1 | €11,770 | €11,799 | +€29 | +0.2% |
| Total equity and liabilities | 10/49 | €2,553,871 | €2,371,647 | -€182,224 | -7.1% |
| Equity | 10/15 | €109,214 | €221,620 | +€112,407 | +102.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,714 | €139,120 | +€112,407 | +420.8% |
| Amounts payable | 17/49 | €2,444,658 | €2,150,027 | -€294,631 | -12.1% |
| Amounts payable after more than one year | 17 | €488,273 | €268,392 | -€219,881 | -45.0% |
| Financial debts | 170/4 | €488,273 | €268,392 | -€219,881 | -45.0% |
| Amounts payable within one year | 42/48 | €1,948,715 | €1,871,506 | -€77,209 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €305,913 | €209,090 | -€96,823 | -31.7% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €1,264,904 | €1,271,093 | +€6,189 | +0.5% |
| Suppliers | 440/4 | €1,264,904 | €1,271,093 | +€6,189 | +0.5% |
| Taxes, remuneration and social security | 45 | €1,319 | €24,379 | +€23,060 | +1748.5% |
| Taxes | 450/3 | €319 | €23,379 | +€23,060 | +7232.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €26,579 | €16,944 | -€9,635 | -36.2% |
| Accrued charges and deferred income | 492/3 | €7,670 | €10,129 | +€2,459 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,738 | €31,277 | +€5,540 | +21.5% |
| Other operating charges | 640/8 | €6,578 | €11,068 | +€4,490 | +68.3% |
| Gross operating margin | 9900 | €774,339 | €216,163 | -€558,176 | -72.1% |
| Operating profit (loss) | 9901 | €742,024 | €173,818 | -€568,206 | -76.6% |
| Financial income | 75/76B | €403 | €2,057 | +€1,654 | +410.1% |
| Recurring financial income | 75 | €403 | €2,057 | +€1,654 | +410.1% |
| Financial charges | 65/66B | €25,935 | €30,087 | +€4,152 | +16.0% |
| Recurring financial charges | 65 | €25,935 | €30,087 | +€4,152 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €716,492 | €145,788 | -€570,704 | -79.7% |
| Income taxes | 67/77 | €138 | €33,382 | +€33,244 | +24116.0% |
| Profit (loss) for the period | 9904 | €716,354 | €112,407 | -€603,948 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €716,354 | €112,407 | -€603,948 | -84.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.