Wabeco: 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.
Wabeco
Largest movements
- Receivables within one year -€1.0m
down €1.0m (-46.7%), from €2.2m to €1.2m
of which Trade receivables: -€1.1m
- Cash -€27,823
down €27,823 (-99.0%), from €28,091 to €268
mainly Trade debts (-€1.1m) and Net result for the year (-€8,541)
- Trade debts -€1.1m
down €1.1m (-51.2%), from €2.1m to €1.0m
- Gross operating margin +€31,744
up €31,744 (+47.6%), from €66,649 to €98,393
- Staff costs -€12,997
down €12,997 (-11.7%), from €111,535 to €98,538
- Financial charges +€5,922
up €5,922 (+794%), from €746 to €6,667
of which Financial charges: +€5,796
- Depreciation -€1,852
down €1,852 (-53.9%), from €3,440 to €1,587
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,269,163 | €1,209,002 | -€1.1m | -46.7% |
| Fixed assets | 21/28 | €3,007 | €1,420 | -€1,587 | -52.8% |
| Tangible fixed assets | 22/27 | €3,007 | €1,420 | -€1,587 | -52.8% |
| Plant, machinery and equipment | 23 | €1,806 | €940 | -€866 | -47.9% |
| Furniture and vehicles | 24 | €1,202 | €480 | -€722 | -60.0% |
| Current assets | 29/58 | €2,266,156 | €1,207,582 | -€1.1m | -46.7% |
| Stocks and contracts in progress | 3 | €33,054 | €33,054 | = | 0.0% |
| Stocks | 30/36 | €33,054 | €33,054 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,205,011 | €1,174,259 | -€1.0m | -46.7% |
| Trade receivables | 40 | €2,201,056 | €1,091,899 | -€1.1m | -50.4% |
| Other amounts receivable | 41 | €3,955 | €82,360 | +€78,405 | +1,982% |
| Cash at bank and in hand | 54/58 | €28,091 | €268 | -€27,823 | -99.0% |
| Total equity and liabilities | 10/49 | €2,269,163 | €1,209,002 | -€1.1m | -46.7% |
| Equity | 10/15 | €5,211 | -€3,329 | -€8,541 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,762 | -€65,303 | -€8,541 | -15.0% |
| Amounts payable | 17/49 | €2,263,952 | €1,212,332 | -€1.1m | -46.5% |
| Amounts payable after more than one year | 17 | €86,763 | €86,763 | = | 0.0% |
| Financial debts | 170/4 | €86,763 | €86,763 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,177,189 | €1,125,569 | -€1.1m | -48.3% |
| Trade debts | 44 | €2,058,261 | €1,004,687 | -€1.1m | -51.2% |
| Suppliers | 440/4 | €2,058,261 | €1,004,687 | -€1.1m | -51.2% |
| Taxes, remuneration and social security | 45 | €11,205 | €13,158 | +€1,953 | +17.4% |
| Taxes | 450/3 | €3,281 | €2,442 | -€839 | -25.6% |
| Remuneration and social security | 454/9 | €7,924 | €10,716 | +€2,792 | +35.2% |
| Other amounts payable | 47/48 | €107,724 | €107,724 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €111,535 | €98,538 | -€12,997 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,440 | €1,587 | -€1,852 | -53.9% |
| Other operating charges | 640/8 | €648 | €141 | -€507 | -78.3% |
| Gross operating margin | 9900 | €66,649 | €98,393 | +€31,744 | +47.6% |
| Operating profit (loss) | 9901 | -€48,974 | -€1,873 | +€47,100 | +96.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €746 | €6,667 | +€5,922 | +794% |
| Recurring financial charges | 65 | €746 | €6,542 | +€5,796 | +777% |
| Non-recurring financial charges | 66B | - | €125 | +€125 | |
| Profit (loss) for the period before taxes | 9903 | -€49,717 | -€8,541 | +€41,177 | +82.8% |
| Profit (loss) for the period | 9904 | -€49,717 | -€8,541 | +€41,177 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,717 | -€8,541 | +€41,177 | +82.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.