WABEE: 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.
WABEE
Largest movements
- Receivables within one year +€56,186
up €56,186 (+232.6%), from €24,160 to €80,346
- Cash -€24,530
down €24,530 (-41.8%), from €58,742 to €34,212
mainly Receivables within one year (-€56,186) and Contributions, distributions and other (-€14,050)
- Intangible fixed assets -€4,878
down €4,878 (-20.3%), from €24,038 to €19,160
- Tax, wage and social debts +€31,135
up €31,135 (+97.7%), from €31,862 to €62,997
of which Remuneration and social security: +€28,187
- Other debts -€12,427
down €12,427 (-46.8%), from €26,541 to €14,114
- Profit (loss) carried forward +€4,527
up €4,527 (+10.3%), from €43,870 to €48,397
- Trade debts +€3,542
up €3,542 (+212.5%), from €1,667 to €5,209
- Staff costs +€192,355
up €192,355 (+161.3%), from €119,223 to €311,578
- Gross operating margin +€165,797
up €165,797 (+90.7%), from €182,852 to €348,649
- Depreciation +€4,524
up €4,524 (+1278.1%), from €354 to €4,878
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 | €106,940 | €133,718 | +€26,778 | +25.0% |
| Fixed assets | 21/28 | €24,038 | €19,160 | -€4,878 | -20.3% |
| Intangible fixed assets | 21 | €24,038 | €19,160 | -€4,878 | -20.3% |
| Current assets | 29/58 | €82,902 | €114,558 | +€31,656 | +38.2% |
| Amounts receivable within one year | 40/41 | €24,160 | €80,346 | +€56,186 | +232.6% |
| Trade receivables | 40 | €24,160 | €80,346 | +€56,186 | +232.6% |
| Cash at bank and in hand | 54/58 | €58,742 | €34,212 | -€24,530 | -41.8% |
| Total equity and liabilities | 10/49 | €106,940 | €133,718 | +€26,778 | +25.0% |
| Equity | 10/15 | €46,870 | €51,397 | +€4,527 | +9.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,870 | €48,397 | +€4,527 | +10.3% |
| Amounts payable | 17/49 | €60,070 | €82,321 | +€22,251 | +37.0% |
| Amounts payable within one year | 42/48 | €60,070 | €82,321 | +€22,251 | +37.0% |
| Trade debts | 44 | €1,667 | €5,209 | +€3,542 | +212.5% |
| Suppliers | 440/4 | €1,667 | €5,209 | +€3,542 | +212.5% |
| Taxes, remuneration and social security | 45 | €31,862 | €62,997 | +€31,135 | +97.7% |
| Taxes | 450/3 | €23,640 | €26,588 | +€2,948 | +12.5% |
| Remuneration and social security | 454/9 | €8,222 | €36,409 | +€28,187 | +342.8% |
| Other amounts payable | 47/48 | €26,541 | €14,114 | -€12,427 | -46.8% |
| Remuneration, social security and pensions | 62 | €119,223 | €311,578 | +€192,355 | +161.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354 | €4,878 | +€4,524 | +1278.1% |
| Other operating charges | 640/8 | €807 | €3,397 | +€2,590 | +321.0% |
| Gross operating margin | 9900 | €182,852 | €348,649 | +€165,797 | +90.7% |
| Operating profit (loss) | 9901 | €62,468 | €28,795 | -€33,673 | -53.9% |
| Financial charges | 65/66B | €56 | €78 | +€22 | +38.9% |
| Recurring financial charges | 65 | €56 | €78 | +€22 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €62,412 | €28,717 | -€33,695 | -54.0% |
| Income taxes | 67/77 | €12,000 | €10,140 | -€1,860 | -15.5% |
| Profit (loss) for the period | 9904 | €50,412 | €18,577 | -€31,835 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,412 | €18,577 | -€31,835 | -63.1% |
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 6 October 2026 via checked.be.