WACHS: 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.
WACHS
Largest movements
- Stocks and contracts -€2.5m
no longer reported in 2024 (was €2.5m)
- Receivables within one year +€109,697
up €109,697 (+73.7%), from €148,810 to €258,507
of which Other amounts receivable: +€83,927
- Short-term financial debts -€1.2m
no longer reported in 2024 (was €1.2m)
- Other debts -€592,147
down €592,147 (-44.9%), from €1.3m to €725,772
- Profit (loss) carried forward -€412,642
down €412,642 (-22.9%), from -€1.8m to -€2.2m
- Trade debts -€78,869
down €78,869 (-90.8%), from €86,833 to €7,964
- Gross operating margin -€204,602
down €204,602 (-155.9%), from -€131,232 to -€335,834
- Financial charges -€58,549
down €58,549 (-51.4%), from €113,990 to €55,441
of which Financial charges: -€64,824
- Other operating charges +€9,706
up €9,706 (+105.0%), from €9,246 to €18,952
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.
Cash bridge derived
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 | €3,878,592 | €1,534,437 | -€2.3m | -60.4% |
| Fixed assets | 21/28 | €1,250,030 | €1,275,924 | +€25,894 | +2.1% |
| Tangible fixed assets | 22/27 | €7,575 | €5,518 | -€2,057 | -27.2% |
| Furniture and vehicles | 24 | €7,575 | €5,518 | -€2,057 | -27.2% |
| Financial fixed assets | 28 | €1,242,455 | €1,270,406 | +€27,951 | +2.2% |
| Current assets | 29/58 | €2,628,562 | €258,513 | -€2.4m | -90.2% |
| Stocks and contracts in progress | 3 | €2,474,701 | - | -€2.5m | |
| Stocks | 30/36 | €2,474,701 | - | -€2.5m | |
| Amounts receivable within one year | 40/41 | €148,810 | €258,507 | +€109,697 | +73.7% |
| Trade receivables | 40 | - | €25,770 | +€25,770 | |
| Other amounts receivable | 41 | €148,810 | €232,737 | +€83,927 | +56.4% |
| Cash at bank and in hand | 54/58 | €5,051 | €6 | -€5,045 | -99.9% |
| Total equity and liabilities | 10/49 | €3,878,592 | €1,534,437 | -€2.3m | -60.4% |
| Equity | 10/15 | -€560,771 | -€973,413 | -€412,642 | -73.6% |
| Contributions | 10/11 | €1,190,000 | €1,190,000 | = | 0.0% |
| Reserves | 13 | €49,300 | €49,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,300 | €49,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,300 | €49,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,800,071 | -€2,212,713 | -€412,642 | -22.9% |
| Amounts payable | 17/49 | €4,439,363 | €2,507,850 | -€1.9m | -43.5% |
| Amounts payable after more than one year | 17 | €1,783,000 | €1,773,000 | -€10,000 | -0.6% |
| Financial debts | 170/4 | €1,783,000 | €1,773,000 | -€10,000 | -0.6% |
| Amounts payable within one year | 42/48 | €2,652,325 | €734,251 | -€1.9m | -72.3% |
| Financial debts | 43 | €1,211,788 | - | -€1.2m | |
| Credit institutions | 430/8 | €1,211,788 | - | -€1.2m | |
| Trade debts | 44 | €86,833 | €7,964 | -€78,869 | -90.8% |
| Suppliers | 440/4 | €86,833 | €7,964 | -€78,869 | -90.8% |
| Taxes, remuneration and social security | 45 | €35,785 | €515 | -€35,270 | -98.6% |
| Taxes | 450/3 | €35,785 | €515 | -€35,270 | -98.6% |
| Other amounts payable | 47/48 | €1,317,919 | €725,772 | -€592,147 | -44.9% |
| Accrued charges and deferred income | 492/3 | €4,038 | €599 | -€3,439 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,057 | €2,057 | = | 0.0% |
| Other operating charges | 640/8 | €9,246 | €18,952 | +€9,706 | +105.0% |
| Gross operating margin | 9900 | -€131,232 | -€335,834 | -€204,602 | -155.9% |
| Operating profit (loss) | 9901 | -€142,535 | -€356,843 | -€214,308 | -150.4% |
| Financial charges | 65/66B | €113,990 | €55,441 | -€58,549 | -51.4% |
| Recurring financial charges | 65 | €113,990 | €49,166 | -€64,824 | -56.9% |
| Non-recurring financial charges | 66B | - | €6,275 | +€6,275 | |
| Profit (loss) for the period before taxes | 9903 | -€256,525 | -€412,284 | -€155,759 | -60.7% |
| Income taxes | 67/77 | €697 | €358 | -€339 | -48.6% |
| Profit (loss) for the period | 9904 | -€257,222 | -€412,642 | -€155,420 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,222 | -€412,642 | -€155,420 | -60.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.