WABE: what changed
Two fiscal 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.
WABE
Largest movements
- Stocks and contracts +€151,136
new in 2025: €151,136
- Receivables within one year +€33,444
up €33,444 (+431.3%), from €7,754 to €41,198
of which Other amounts receivable: +€23,377
- Financial fixed assets +€22,000
up €22,000 (+243.8%), from €9,025 to €31,025
- Tangible fixed assets -€20,687
down €20,687 (-8.4%), from €244,911 to €224,225
- Other debts +€146,072
up €146,072 (+156.2%), from €93,489 to €239,561
- Debts after one year +€59,609
up €59,609 (+33.0%), from €180,759 to €240,368
of which Other amounts payable: +€75,000
- Profit (loss) carried forward -€27,688
down €27,688 (-49.9%), from -€55,489 to -€83,177
- Trade debts +€6,736
up €6,736 (+143.5%), from €4,696 to €11,432
- Gross operating margin +€15,121
up €15,121 (+79.6%), from -€18,993 to -€3,872
- Staff costs -€13,052
down €13,052 (-100.0%), from €13,052 to €0
- Financial charges +€4,127
up €4,127 (+127.5%), from €3,237 to €7,364
- Other operating charges -€2,419
down €2,419 (-56.2%), from €4,304 to €1,885
- Depreciation -€555
down €555 (-3.7%), from €15,127 to €14,572
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 | €265,763 | €449,535 | +€183,771 | +69.1% |
| Fixed assets | 21/28 | €253,936 | €255,250 | +€1,313 | +0.5% |
| Tangible fixed assets | 22/27 | €244,911 | €224,225 | -€20,687 | -8.4% |
| Land and buildings | 22 | €210,268 | €201,068 | -€9,200 | -4.4% |
| Plant, machinery and equipment | 23 | €9,686 | €0 | -€9,686 | -100.0% |
| Furniture and vehicles | 24 | €11,448 | €11,876 | +€428 | +3.7% |
| Other tangible fixed assets | 26 | €13,509 | €11,280 | -€2,228 | -16.5% |
| Financial fixed assets | 28 | €9,025 | €31,025 | +€22,000 | +243.8% |
| Current assets | 29/58 | €11,827 | €194,285 | +€182,458 | +1542.7% |
| Stocks and contracts in progress | 3 | - | €151,136 | +€151,136 | |
| Stocks | 30/36 | - | €151,136 | +€151,136 | |
| Amounts receivable within one year | 40/41 | €7,754 | €41,198 | +€33,444 | +431.3% |
| Trade receivables | 40 | €976 | €11,043 | +€10,067 | +1031.9% |
| Other amounts receivable | 41 | €6,779 | €30,155 | +€23,377 | +344.9% |
| Cash at bank and in hand | 54/58 | €1,954 | €518 | -€1,436 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,119 | €1,433 | -€685 | -32.3% |
| Total equity and liabilities | 10/49 | €265,763 | €449,535 | +€183,771 | +69.1% |
| Equity | 10/15 | -€29,529 | -€57,217 | -€27,688 | -93.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,360 | €7,360 | = | 0.0% |
| Distributable reserves | 133 | €7,360 | €7,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,489 | -€83,177 | -€27,688 | -49.9% |
| Amounts payable | 17/49 | €295,292 | €506,751 | +€211,459 | +71.6% |
| Amounts payable after more than one year | 17 | €180,759 | €240,368 | +€59,609 | +33.0% |
| Financial debts | 170/4 | €180,759 | €165,368 | -€15,391 | -8.5% |
| Other amounts payable | 178/9 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €114,533 | €266,383 | +€151,850 | +132.6% |
| Current portion of amounts payable after more than one year | 42 | €16,349 | €15,391 | -€958 | -5.9% |
| Trade debts | 44 | €4,696 | €11,432 | +€6,736 | +143.5% |
| Suppliers | 440/4 | €4,696 | €11,432 | +€6,736 | +143.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €93,489 | €239,561 | +€146,072 | +156.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,052 | €0 | -€13,052 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,127 | €14,572 | -€555 | -3.7% |
| Other operating charges | 640/8 | €4,304 | €1,885 | -€2,419 | -56.2% |
| Gross operating margin | 9900 | -€18,993 | -€3,872 | +€15,121 | +79.6% |
| Operating profit (loss) | 9901 | -€51,476 | -€20,329 | +€31,147 | +60.5% |
| Financial income | 75/76B | €2 | €5 | +€2 | +97.6% |
| Recurring financial income | 75 | €2 | €5 | +€2 | +97.6% |
| Financial charges | 65/66B | €3,237 | €7,364 | +€4,127 | +127.5% |
| Recurring financial charges | 65 | €3,237 | €7,364 | +€4,127 | +127.5% |
| Profit (loss) for the period before taxes | 9903 | -€54,711 | -€27,688 | +€27,023 | +49.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€54,711 | -€27,688 | +€27,023 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,711 | -€27,688 | +€27,023 | +49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.