WABU: 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.
WABU
Largest movements
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash +€314,130
up €314,130 (+1027.3%), from €30,577 to €344,707
mainly Current investments (+€350,000) and Depreciation (+€12,496)
- Receivables within one year +€35,540
up €35,540 (+197.3%), from €18,009 to €53,548
- Reserves +€12,100
up €12,100 (+4.5%), from €269,770 to €281,870
of which Distributable reserves: +€12,100
- Other debts -€11,500
down €11,500 (-81.8%), from €14,066 to €2,566
- Tax, wage and social debts -€7,090
down €7,090 (-85.4%), from €8,300 to €1,210
- Gross operating margin -€16,666
down €16,666 (-37.5%), from €44,403 to €27,738
- Financial income -€6,023
down €6,023 (-37.7%), from €15,960 to €9,937
- Taxes -€4,494
down €4,494 (-43.7%), from €10,284 to €5,790
- Depreciation +€1,213
up €1,213 (+10.7%), from €11,283 to €12,496
- Other operating charges +€584
up €584 (+9.8%), from €5,975 to €6,560
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 | €662,000 | €655,542 | -€6,458 | -1.0% |
| Fixed assets | 21/28 | €256,593 | €252,047 | -€4,546 | -1.8% |
| Tangible fixed assets | 22/27 | €256,593 | €252,047 | -€4,546 | -1.8% |
| Land and buildings | 22 | €244,751 | €241,547 | -€3,204 | -1.3% |
| Plant, machinery and equipment | 23 | €11,842 | €10,500 | -€1,342 | -11.3% |
| Current assets | 29/58 | €405,407 | €403,495 | -€1,912 | -0.5% |
| Amounts receivable within one year | 40/41 | €18,009 | €53,548 | +€35,540 | +197.3% |
| Other amounts receivable | 41 | €18,009 | €53,548 | +€35,540 | +197.3% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €30,577 | €344,707 | +€314,130 | +1027.3% |
| Deferred charges and accrued income | 490/1 | €6,821 | €5,239 | -€1,582 | -23.2% |
| Total equity and liabilities | 10/49 | €662,000 | €655,542 | -€6,458 | -1.0% |
| Equity | 10/15 | €635,915 | €648,105 | +€12,191 | +1.9% |
| Contributions | 10/11 | €221,840 | €221,840 | = | 0.0% |
| Reserves | 13 | €269,770 | €281,870 | +€12,100 | +4.5% |
| Non-distributable reserves | 130/1 | €22,184 | €22,184 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,184 | €22,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €205,486 | €217,586 | +€12,100 | +5.9% |
| Profit (loss) carried forward | 14 | €144,304 | €144,395 | +€91 | +0.1% |
| Amounts payable | 17/49 | €26,085 | €7,436 | -€18,649 | -71.5% |
| Amounts payable within one year | 42/48 | €25,025 | €6,376 | -€18,649 | -74.5% |
| Trade debts | 44 | €2,659 | €2,600 | -€59 | -2.2% |
| Suppliers | 440/4 | €2,659 | €2,600 | -€59 | -2.2% |
| Taxes, remuneration and social security | 45 | €8,300 | €1,210 | -€7,090 | -85.4% |
| Taxes | 450/3 | €8,300 | €1,210 | -€7,090 | -85.4% |
| Other amounts payable | 47/48 | €14,066 | €2,566 | -€11,500 | -81.8% |
| Accrued charges and deferred income | 492/3 | €1,060 | €1,060 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,283 | €12,496 | +€1,213 | +10.7% |
| Other operating charges | 640/8 | €5,975 | €6,560 | +€584 | +9.8% |
| Gross operating margin | 9900 | €44,403 | €27,738 | -€16,666 | -37.5% |
| Operating profit (loss) | 9901 | €27,145 | €8,682 | -€18,463 | -68.0% |
| Financial income | 75/76B | €15,960 | €9,937 | -€6,023 | -37.7% |
| Recurring financial income | 75 | €15,960 | €9,937 | -€6,023 | -37.7% |
| Financial charges | 65/66B | €557 | €638 | +€81 | +14.5% |
| Recurring financial charges | 65 | €557 | €638 | +€81 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €42,548 | €17,981 | -€24,567 | -57.7% |
| Income taxes | 67/77 | €10,284 | €5,790 | -€4,494 | -43.7% |
| Profit (loss) for the period | 9904 | €32,264 | €12,191 | -€20,073 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,264 | €12,191 | -€20,073 | -62.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.