WACO - EXTRA: 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.
WACO - EXTRA
Largest movements
- Tangible fixed assets -€22,199
down €22,199 (-41.7%), from €53,253 to €31,054
of which Furniture and vehicles: -€21,863
- Cash +€13,173
up €13,173 (+15.7%), from €84,070 to €97,243
mainly Depreciation (+€22,949) and Net result for the year (+€9,068)
- Receivables within one year +€7,750
up €7,750 (+21.3%), from €36,317 to €44,067
of which Trade receivables: +€7,594
- Deferred charges and accrued income -€2,971
down €2,971 (-8.0%), from €37,168 to €34,197
- Debts after one year -€15,763
down €15,763 (-92.2%), from €17,101 to €1,339
- Reserves +€9,000
up €9,000 (+29.6%), from €30,374 to €39,374
of which Distributable reserves: +€9,000
- Gross operating margin -€13,842
down €13,842 (-15.9%), from €87,227 to €73,385
- Staff costs -€8,515
down €8,515 (-28.3%), from €30,103 to €21,588
- Depreciation -€5,558
down €5,558 (-19.5%), from €28,507 to €22,949
- Other operating charges +€2,895
up €2,895 (+24.0%), from €12,036 to €14,930
- Taxes +€1,573
up €1,573 (+126%), from €1,250 to €2,823
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.
Derived cash bridge
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 | €212,666 | €208,418 | -€4,248 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €55,111 | €32,911 | -€22,199 | -40.3% |
| Tangible fixed assets | 22/27 | €53,253 | €31,054 | -€22,199 | -41.7% |
| Land and buildings | 22 | €1,053 | €718 | -€336 | -31.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €52,200 | €30,337 | -€21,863 | -41.9% |
| Financial fixed assets | 28 | €1,857 | €1,857 | = | 0.0% |
| Current assets | 29/58 | €157,555 | €175,506 | +€17,951 | +11.4% |
| Amounts receivable within one year | 40/41 | €36,317 | €44,067 | +€7,750 | +21.3% |
| Trade receivables | 40 | €34,296 | €41,890 | +€7,594 | +22.1% |
| Other amounts receivable | 41 | €2,021 | €2,177 | +€155 | +7.7% |
| Cash at bank and in hand | 54/58 | €84,070 | €97,243 | +€13,173 | +15.7% |
| Deferred charges and accrued income | 490/1 | €37,168 | €34,197 | -€2,971 | -8.0% |
| Total equity and liabilities | 10/49 | €212,666 | €208,418 | -€4,248 | -2.0% |
| Equity | 10/15 | €124,998 | €134,066 | +€9,068 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,374 | €39,374 | +€9,000 | +29.6% |
| Tax-exempt reserves | 132 | €1,514 | €1,514 | = | 0.0% |
| Distributable reserves | 133 | €28,860 | €37,860 | +€9,000 | +31.2% |
| Profit (loss) carried forward | 14 | €88,424 | €88,492 | +€68 | +0.1% |
| Amounts payable | 17/49 | €87,668 | €74,351 | -€13,316 | -15.2% |
| Amounts payable after more than one year | 17 | €17,101 | €1,339 | -€15,763 | -92.2% |
| Financial debts | 170/4 | €17,101 | €1,339 | -€15,763 | -92.2% |
| Amounts payable within one year | 42/48 | €70,468 | €71,566 | +€1,099 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €15,212 | €15,763 | +€551 | +3.6% |
| Trade debts | 44 | €32,397 | €33,832 | +€1,435 | +4.4% |
| Suppliers | 440/4 | €32,397 | €33,832 | +€1,435 | +4.4% |
| Taxes, remuneration and social security | 45 | €5,080 | €2,987 | -€2,093 | -41.2% |
| Taxes | 450/3 | €1,850 | €606 | -€1,244 | -67.2% |
| Remuneration and social security | 454/9 | €3,230 | €2,381 | -€849 | -26.3% |
| Other amounts payable | 47/48 | €17,779 | €18,985 | +€1,206 | +6.8% |
| Accrued charges and deferred income | 492/3 | €98 | €1,446 | +€1,348 | +1,370% |
| Remuneration, social security and pensions | 62 | €30,103 | €21,588 | -€8,515 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,507 | €22,949 | -€5,558 | -19.5% |
| Other operating charges | 640/8 | €12,036 | €14,930 | +€2,895 | +24.0% |
| Gross operating margin | 9900 | €87,227 | €73,385 | -€13,842 | -15.9% |
| Operating profit (loss) | 9901 | €16,582 | €13,918 | -€2,663 | -16.1% |
| Financial charges | 65/66B | €2,793 | €2,026 | -€766 | -27.4% |
| Recurring financial charges | 65 | €2,793 | €2,026 | -€766 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €13,789 | €11,892 | -€1,897 | -13.8% |
| Income taxes | 67/77 | €1,250 | €2,823 | +€1,573 | +126% |
| Profit (loss) for the period | 9904 | €12,539 | €9,068 | -€3,470 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,539 | €9,068 | -€3,470 | -27.7% |
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 13 October 2026 via checked.be.