WACO: 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.
WACO
Largest movements
- Tangible fixed assets +€6,009
new in 2025: €6,009
- Receivables within one year +€5,097
up €5,097 (+40.3%), from €12,655 to €17,752
- Stocks and contracts -€458
down €458 (-4.1%), from €11,252 to €10,793
- Accrued charges and deferred income +€46,718
new in 2025: €46,718
- Profit (loss) carried forward -€28,075
down €28,075 (-168.1%), from -€16,699 to -€44,774
- Other debts -€8,115
down €8,115 (-19.3%), from €41,949 to €33,834
- Gross operating margin -€11,092
down €11,092 (-71.9%), from -€15,427 to -€26,518
- Other operating charges +€336
up €336 (+43.5%), from €772 to €1,108
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 | €32,910 | €43,428 | +€10,518 | +32.0% |
| Fixed assets | 21/28 | €855 | €6,645 | +€5,790 | +676.9% |
| Intangible fixed assets | 21 | €855 | €636 | -€219 | -25.6% |
| Tangible fixed assets | 22/27 | - | €6,009 | +€6,009 | |
| Furniture and vehicles | 24 | - | €6,009 | +€6,009 | |
| Current assets | 29/58 | €32,055 | €36,782 | +€4,728 | +14.7% |
| Stocks and contracts in progress | 3 | €11,252 | €10,793 | -€458 | -4.1% |
| Stocks | 30/36 | €11,252 | €10,793 | -€458 | -4.1% |
| Amounts receivable within one year | 40/41 | €12,655 | €17,752 | +€5,097 | +40.3% |
| Trade receivables | 40 | €12,655 | €17,752 | +€5,097 | +40.3% |
| Cash at bank and in hand | 54/58 | €6,850 | €7,073 | +€223 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,298 | €1,164 | -€134 | -10.3% |
| Total equity and liabilities | 10/49 | €32,910 | €43,428 | +€10,518 | +32.0% |
| Equity | 10/15 | -€14,699 | -€42,774 | -€28,075 | -191.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,699 | -€44,774 | -€28,075 | -168.1% |
| Amounts payable | 17/49 | €47,609 | €86,201 | +€38,592 | +81.1% |
| Amounts payable within one year | 42/48 | €47,609 | €39,483 | -€8,126 | -17.1% |
| Trade debts | 44 | €1,580 | €1,471 | -€109 | -6.9% |
| Suppliers | 440/4 | €1,580 | €1,471 | -€109 | -6.9% |
| Taxes, remuneration and social security | 45 | €4,080 | €4,178 | +€98 | +2.4% |
| Taxes | 450/3 | €4,080 | €4,178 | +€98 | +2.4% |
| Other amounts payable | 47/48 | €41,949 | €33,834 | -€8,115 | -19.3% |
| Accrued charges and deferred income | 492/3 | - | €46,718 | +€46,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €395 | +€155 | +64.7% |
| Other operating charges | 640/8 | €772 | €1,108 | +€336 | +43.5% |
| Gross operating margin | 9900 | -€15,427 | -€26,518 | -€11,092 | -71.9% |
| Operating profit (loss) | 9901 | -€16,438 | -€28,021 | -€11,583 | -70.5% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €142 | €54 | -€88 | -62.0% |
| Recurring financial charges | 65 | €142 | €54 | -€88 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,571 | -€28,075 | -€11,504 | -69.4% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€16,699 | -€28,075 | -€11,376 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,699 | -€28,075 | -€11,376 | -68.1% |
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 30 September 2026 via checked.be.