WAAT BRO: 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.
WAAT BRO
Largest movements
- Cash +€414,495
up €414,495 (+310%), from €133,606 to €548,101
mainly Trade debts (+€265,884) and Net result for the year (+€76,831)
- Tangible fixed assets +€28,864
up €28,864 (+451%), from €6,396 to €35,260
- Receivables within one year +€8,769
up €8,769 (+34.3%), from €25,546 to €34,315
of which Trade receivables: +€7,182
- Stocks and contracts -€7,511
down €7,511 (-43.8%), from €17,157 to €9,646
- Trade debts +€265,884
up €265,884 (+386%), from €68,914 to €334,798
- Profit (loss) carried forward +€76,831
up €76,831 (+138%), from €55,623 to €132,453
- Other debts +€40,206
new in 2025: €40,206
- Tax, wage and social debts +€32,351
up €32,351 (+175%), from €18,461 to €50,813
of which Taxes: +€32,171
- Debts after one year +€29,345
up €29,345 (+98.8%), from €29,707 to €59,052
- Gross operating margin +€72,725
up €72,725 (+96.9%), from €75,049 to €147,774
- Staff costs +€32,780
new in 2025: €32,780
- Depreciation +€8,006
up €8,006 (+1,010%), from €793 to €8,799
- Taxes +€7,149
up €7,149 (+38.7%), from €18,461 to €25,610
- Other operating charges +€3,197
new in 2025: €3,197
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 | €182,705 | €627,322 | +€444,617 | +243% |
| Fixed assets | 21/28 | €6,396 | €35,260 | +€28,864 | +451% |
| Tangible fixed assets | 22/27 | €6,396 | €35,260 | +€28,864 | +451% |
| Furniture and vehicles | 24 | €6,396 | €35,260 | +€28,864 | +451% |
| Current assets | 29/58 | €176,309 | €592,062 | +€415,753 | +236% |
| Stocks and contracts in progress | 3 | €17,157 | €9,646 | -€7,511 | -43.8% |
| Stocks | 30/36 | €17,157 | €9,646 | -€7,511 | -43.8% |
| Amounts receivable within one year | 40/41 | €25,546 | €34,315 | +€8,769 | +34.3% |
| Trade receivables | 40 | €22,980 | €30,162 | +€7,182 | +31.3% |
| Other amounts receivable | 41 | €2,566 | €4,152 | +€1,587 | +61.8% |
| Cash at bank and in hand | 54/58 | €133,606 | €548,101 | +€414,495 | +310% |
| Total equity and liabilities | 10/49 | €182,705 | €627,322 | +€444,617 | +243% |
| Equity | 10/15 | €65,623 | €142,453 | +€76,831 | +117% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,623 | €132,453 | +€76,831 | +138% |
| Amounts payable | 17/49 | €117,082 | €484,868 | +€367,786 | +314% |
| Amounts payable after more than one year | 17 | €29,707 | €59,052 | +€29,345 | +98.8% |
| Financial debts | 170/4 | €29,707 | €59,052 | +€29,345 | +98.8% |
| Amounts payable within one year | 42/48 | €87,375 | €425,816 | +€338,441 | +387% |
| Trade debts | 44 | €68,914 | €334,798 | +€265,884 | +386% |
| Suppliers | 440/4 | €68,914 | €334,798 | +€265,884 | +386% |
| Taxes, remuneration and social security | 45 | €18,461 | €50,813 | +€32,351 | +175% |
| Taxes | 450/3 | €18,461 | €50,632 | +€32,171 | +174% |
| Remuneration and social security | 454/9 | - | €181 | +€181 | |
| Other amounts payable | 47/48 | - | €40,206 | +€40,206 | |
| Remuneration, social security and pensions | 62 | - | €32,780 | +€32,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €8,799 | +€8,006 | +1,010% |
| Other operating charges | 640/8 | - | €3,197 | +€3,197 | |
| Non-recurring operating charges | 66A | - | €124 | +€124 | |
| Gross operating margin | 9900 | €75,049 | €147,774 | +€72,725 | +96.9% |
| Operating profit (loss) | 9901 | €74,256 | €102,873 | +€28,616 | +38.5% |
| Financial charges | 65/66B | €172 | €432 | +€259 | +150% |
| Recurring financial charges | 65 | €172 | €432 | +€259 | +150% |
| Profit (loss) for the period before taxes | 9903 | €74,084 | €102,441 | +€28,357 | +38.3% |
| Income taxes | 67/77 | €18,461 | €25,610 | +€7,149 | +38.7% |
| Profit (loss) for the period | 9904 | €55,623 | €76,831 | +€21,208 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,623 | €76,831 | +€21,208 | +38.1% |
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 26 October 2026 via checked.be.