WACH: 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.
WACH
Largest movements
- Cash +€26,201
up €26,201 (+14.0%), from €187,510 to €213,711
mainly Other debts (+€222,921) and Net result for the year (+€91,291)
- Other debts +€222,921
up €222,921 (+3087.0%), from €7,221 to €230,143
- Profit (loss) carried forward -€170,009
down €170,009 (-99.9%), from €170,101 to €92
- Tax, wage and social debts -€20,303
down €20,303 (-59.6%), from €34,088 to €13,785
- Current portion of long-term debt -€8,005
no longer reported in 2025 (was €8,005)
- Trade debts +€3,108
up €3,108 (+3696.3%), from €84 to €3,192
- Gross operating margin +€11,054
up €11,054 (+10.0%), from €110,996 to €122,050
- Taxes +€3,181
up €3,181 (+14.5%), from €21,945 to €25,126
- Financial income +€1,385
up €1,385 (+4260.1%), from €33 to €1,417
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 | €222,500 | €250,212 | +€27,712 | +12.5% |
| Fixed assets | 21/28 | €17,506 | €16,250 | -€1,256 | -7.2% |
| Tangible fixed assets | 22/27 | €17,506 | €16,250 | -€1,256 | -7.2% |
| Furniture and vehicles | 24 | €17,506 | €11,250 | -€6,256 | -35.7% |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €204,995 | €233,962 | +€28,968 | +14.1% |
| Amounts receivable within one year | 40/41 | €16,637 | €17,172 | +€535 | +3.2% |
| Trade receivables | 40 | €16,633 | €17,172 | +€539 | +3.2% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €187,510 | €213,711 | +€26,201 | +14.0% |
| Deferred charges and accrued income | 490/1 | €848 | €3,079 | +€2,231 | +263.1% |
| Total equity and liabilities | 10/49 | €222,500 | €250,212 | +€27,712 | +12.5% |
| Equity | 10/15 | €173,101 | €3,092 | -€170,009 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,101 | €92 | -€170,009 | -99.9% |
| Amounts payable | 17/49 | €49,399 | €247,120 | +€197,721 | +400.3% |
| Amounts payable within one year | 42/48 | €49,399 | €247,120 | +€197,721 | +400.3% |
| Current portion of amounts payable after more than one year | 42 | €8,005 | - | -€8,005 | |
| Trade debts | 44 | €84 | €3,192 | +€3,108 | +3696.3% |
| Suppliers | 440/4 | €84 | €3,192 | +€3,108 | +3696.3% |
| Taxes, remuneration and social security | 45 | €34,088 | €13,785 | -€20,303 | -59.6% |
| Taxes | 450/3 | €34,088 | €13,785 | -€20,303 | -59.6% |
| Other amounts payable | 47/48 | €7,221 | €230,143 | +€222,921 | +3087.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,336 | €6,534 | +€198 | +3.1% |
| Other operating charges | 640/8 | €29 | - | -€29 | |
| Gross operating margin | 9900 | €110,996 | €122,050 | +€11,054 | +10.0% |
| Operating profit (loss) | 9901 | €104,631 | €115,516 | +€10,885 | +10.4% |
| Financial income | 75/76B | €33 | €1,417 | +€1,385 | +4260.1% |
| Recurring financial income | 75 | €33 | €1,417 | +€1,385 | +4260.1% |
| Financial charges | 65/66B | €832 | €517 | -€316 | -37.9% |
| Recurring financial charges | 65 | €832 | €517 | -€316 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €103,831 | €116,417 | +€12,585 | +12.1% |
| Income taxes | 67/77 | €21,945 | €25,126 | +€3,181 | +14.5% |
| Profit (loss) for the period | 9904 | €81,887 | €91,291 | +€9,404 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,887 | €91,291 | +€9,404 | +11.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.