WABEL: 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.
What changed
WABEL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,009
2024 · €3.8m-€3.8m
Equity
€4.0m
2024 · €4.0m+€27,009
Cash
€171
2024 · €392-€221
Balance sheet total
€5.4m
2024 · €5.4m-€35,002
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€5.1m
down €5.1m, from €5.1m to -€11,088
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.
Result 2024
€3.8m
Gross operating margin
-€5.1m
Other operating charges
+€22,688
Financial income
+€37,447
Financial charges
+€4,871
Taxes
+€666
Deferred taxes and other
+€1.3m
Result 2025
€27,009
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.
From operations
+€53,179
Investment
€0
Financing
-€53,400
Cash 2024
€392
From operations (derived)
+€53,179
Net result for the year
+€27,009
Receivables after one year
+€11,159
Receivables within one year
+€20,162
Deferred charges and accrued income
+€3,460
Trade debts
-€12,709
Tax, wage and social debts
+€4,098
Financing
-€53,400
Short-term financial debts
-€53,400
Cash 2025
€171
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,439,585 | €5,404,583 | -€35,002 | -0.6% |
| Current assets | 29/58 | €5,439,585 | €5,404,583 | -€35,002 | -0.6% |
| Amounts receivable after more than one year | 29 | €5,412,771 | €5,401,612 | -€11,159 | -0.2% |
| Other amounts receivable | 291 | €5,412,771 | €5,401,612 | -€11,159 | -0.2% |
| Amounts receivable within one year | 40/41 | €22,962 | €2,800 | -€20,162 | -87.8% |
| Trade receivables | 40 | €20,162 | - | -€20,162 | |
| Other amounts receivable | 41 | €2,800 | €2,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €392 | €171 | -€221 | -56.4% |
| Deferred charges and accrued income | 490/1 | €3,460 | - | -€3,460 | |
| Total equity and liabilities | 10/49 | €5,439,585 | €5,404,583 | -€35,002 | -0.6% |
| Equity | 10/15 | €3,999,544 | €4,026,553 | +€27,009 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,759,920 | €3,759,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,753,720 | €3,753,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,624 | €204,633 | +€27,009 | +15.2% |
| Provisions and deferred taxes | 16 | €1,251,240 | €1,251,240 | = | 0.0% |
| Deferred taxes | 168 | €1,251,240 | €1,251,240 | = | 0.0% |
| Amounts payable | 17/49 | €188,801 | €126,790 | -€62,011 | -32.8% |
| Amounts payable within one year | 42/48 | €188,801 | €126,790 | -€62,011 | -32.8% |
| Financial debts | 43 | €159,200 | €105,800 | -€53,400 | -33.5% |
| Credit institutions | 430/8 | €159,200 | €105,800 | -€53,400 | -33.5% |
| Trade debts | 44 | €13,314 | €605 | -€12,709 | -95.5% |
| Suppliers | 440/4 | €13,314 | €605 | -€12,709 | -95.5% |
| Taxes, remuneration and social security | 45 | €16,287 | €20,385 | +€4,098 | +25.2% |
| Taxes | 450/3 | €16,287 | €20,385 | +€4,098 | +25.2% |
| Other operating charges | 640/8 | €23,398 | €711 | -€22,688 | -97.0% |
| Gross operating margin | 9900 | €5,060,579 | -€11,088 | -€5.1m | |
| Operating profit (loss) | 9901 | €5,037,181 | -€11,799 | -€5.0m | |
| Financial income | 75/76B | €16,592 | €54,039 | +€37,447 | +225.7% |
| Recurring financial income | 75 | €16,592 | €54,039 | +€37,447 | +225.7% |
| Financial charges | 65/66B | €10,243 | €5,372 | -€4,871 | -47.6% |
| Recurring financial charges | 65 | €10,243 | €5,372 | -€4,871 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €5,043,529 | €36,869 | -€5.0m | -99.3% |
| Transfer to deferred taxes | 680 | €1,251,240 | - | -€1.3m | |
| Income taxes | 67/77 | €10,525 | €9,860 | -€666 | -6.3% |
| Profit (loss) for the period | 9904 | €3,781,764 | €27,009 | -€3.8m | -99.3% |
| Transfer to tax-exempt reserves | 689 | €3,753,720 | - | -€3.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €28,044 | €27,009 | -€1,035 | -3.7% |
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 5 October 2026 via checked.be.