WAAU: 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.
WAAU
Largest movements
- Tangible fixed assets -€7,659
down €7,659 (-20.3%), from €37,689 to €30,030
of which Plant, machinery and equipment: -€7,589
- Profit (loss) carried forward -€9,494
down €9,494 (-11.4%), from -€83,257 to -€92,751
- Other debts +€1,750
up €1,750 (+1.3%), from €138,961 to €140,711
- Gross operating margin +€3,470
up €3,470 (+67.1%), from -€5,168 to -€1,698
- Taxes -€3,187
no longer reported in 2025 (was €3,187)
- Other operating charges -€1,842
no longer reported in 2025 (was €1,842)
- Depreciation -€808
down €808 (-9.5%), from €8,468 to €7,659
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 | €63,113 | €55,610 | -€7,504 | -11.9% |
| Fixed assets | 21/28 | €37,689 | €30,030 | -€7,659 | -20.3% |
| Tangible fixed assets | 22/27 | €37,689 | €30,030 | -€7,659 | -20.3% |
| Plant, machinery and equipment | 23 | €37,618 | €30,030 | -€7,589 | -20.2% |
| Furniture and vehicles | 24 | €71 | - | -€71 | |
| Current assets | 29/58 | €25,424 | €25,580 | +€156 | +0.6% |
| Stocks and contracts in progress | 3 | €23,713 | €23,713 | = | 0.0% |
| Stocks | 30/36 | €23,713 | €23,713 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,520 | €1,567 | +€47 | +3.1% |
| Trade receivables | 40 | €218 | €218 | = | 0.0% |
| Other amounts receivable | 41 | €1,302 | €1,349 | +€47 | +3.6% |
| Cash at bank and in hand | 54/58 | €192 | €301 | +€109 | +56.8% |
| Total equity and liabilities | 10/49 | €63,113 | €55,610 | -€7,504 | -11.9% |
| Equity | 10/15 | -€77,057 | -€86,551 | -€9,494 | -12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,257 | -€92,751 | -€9,494 | -11.4% |
| Amounts payable | 17/49 | €140,171 | €142,161 | +€1,991 | +1.4% |
| Amounts payable within one year | 42/48 | €140,171 | €142,161 | +€1,991 | +1.4% |
| Trade debts | 44 | €1,210 | €1,451 | +€241 | +19.9% |
| Suppliers | 440/4 | €1,210 | €1,451 | +€241 | +19.9% |
| Other amounts payable | 47/48 | €138,961 | €140,711 | +€1,750 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,468 | €7,659 | -€808 | -9.5% |
| Other operating charges | 640/8 | €1,842 | - | -€1,842 | |
| Non-recurring operating charges | 66A | €5,130 | - | -€5,130 | |
| Gross operating margin | 9900 | -€5,168 | -€1,698 | +€3,470 | +67.1% |
| Operating profit (loss) | 9901 | -€20,608 | -€9,358 | +€11,250 | +54.6% |
| Financial income | 75/76B | €59 | €47 | -€12 | -20.6% |
| Recurring financial income | 75 | €59 | €47 | -€12 | -20.6% |
| Financial charges | 65/66B | €155 | €184 | +€29 | +18.8% |
| Recurring financial charges | 65 | €155 | €184 | +€29 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,703 | -€9,494 | +€11,209 | +54.1% |
| Income taxes | 67/77 | €3,187 | - | -€3,187 | |
| Profit (loss) for the period | 9904 | -€23,890 | -€9,494 | +€14,395 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,890 | -€9,494 | +€14,395 | +60.3% |
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 9 October 2026 via checked.be.