WACO Immo & Management: 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 Immo & Management
Largest movements
- Current investments +€294,626
up €294,626 (+23.8%), from €1.2m to €1.5m
- Cash +€70,654
up €70,654 (+17.3%), from €408,134 to €478,788
mainly Net result for the year (+€552,751) and Other debts (+€410,000)
- Receivables within one year +€40,368
up €40,368 (+58.0%), from €69,568 to €109,936
of which Other amounts receivable: +€27,383
- Tangible fixed assets +€27,169
up €27,169 (+7.1%), from €385,078 to €412,246
of which Furniture and vehicles: +€22,752
- Other debts +€410,000
up €410,000 (+342%), from €120,000 to €530,000
- Gross operating margin +€162,217
up €162,217 (+27.0%), from €601,589 to €763,805
- Taxes +€34,270
up €34,270 (+23.3%), from €147,302 to €181,572
- Depreciation +€31,050
up €31,050 (+363%), from €8,546 to €39,596
- Financial income +€19,586
up €19,586 (+609%), from €3,216 to €22,802
- Financial charges +€9,921
up €9,921 (+3,718%), from €267 to €10,188
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 | €2,109,052 | €2,538,679 | +€429,626 | +20.4% |
| Fixed assets | 21/28 | €385,121 | €412,290 | +€27,169 | +7.1% |
| Tangible fixed assets | 22/27 | €385,078 | €412,246 | +€27,169 | +7.1% |
| Land and buildings | 22 | €310,755 | €306,743 | -€4,012 | -1.3% |
| Furniture and vehicles | 24 | €59,130 | €81,882 | +€22,752 | +38.5% |
| Other tangible fixed assets | 26 | €15,193 | €23,622 | +€8,429 | +55.5% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €1,723,931 | €2,126,389 | +€402,458 | +23.3% |
| Amounts receivable within one year | 40/41 | €69,568 | €109,936 | +€40,368 | +58.0% |
| Trade receivables | 40 | €60,305 | €73,290 | +€12,985 | +21.5% |
| Other amounts receivable | 41 | €9,262 | €36,646 | +€27,383 | +296% |
| Current investments | 50/53 | €1,239,991 | €1,534,617 | +€294,626 | +23.8% |
| Cash at bank and in hand | 54/58 | €408,134 | €478,788 | +€70,654 | +17.3% |
| Deferred charges and accrued income | 490/1 | €6,239 | €3,049 | -€3,190 | -51.1% |
| Total equity and liabilities | 10/49 | €2,109,052 | €2,538,679 | +€429,626 | +20.4% |
| Equity | 10/15 | €1,981,451 | €2,004,201 | +€22,751 | +1.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,919,150 | €1,942,150 | +€23,000 | +1.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,913,000 | €1,936,000 | +€23,000 | +1.2% |
| Profit (loss) carried forward | 14 | €801 | €551 | -€249 | -31.1% |
| Amounts payable | 17/49 | €127,602 | €534,477 | +€406,875 | +319% |
| Amounts payable within one year | 42/48 | €127,515 | €534,470 | +€406,955 | +319% |
| Trade debts | 44 | €1,163 | €4,470 | +€3,308 | +285% |
| Suppliers | 440/4 | €1,163 | €4,470 | +€3,308 | +285% |
| Taxes, remuneration and social security | 45 | €6,353 | - | -€6,353 | |
| Taxes | 450/3 | €6,353 | - | -€6,353 | |
| Other amounts payable | 47/48 | €120,000 | €530,000 | +€410,000 | +342% |
| Accrued charges and deferred income | 492/3 | €87 | €7 | -€80 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,546 | €39,596 | +€31,050 | +363% |
| Other operating charges | 640/8 | €6,738 | €2,500 | -€4,238 | -62.9% |
| Gross operating margin | 9900 | €601,589 | €763,805 | +€162,217 | +27.0% |
| Operating profit (loss) | 9901 | €586,304 | €721,709 | +€135,404 | +23.1% |
| Financial income | 75/76B | €3,216 | €22,802 | +€19,586 | +609% |
| Recurring financial income | 75 | €3,216 | €22,802 | +€19,586 | +609% |
| Financial charges | 65/66B | €267 | €10,188 | +€9,921 | +3,718% |
| Recurring financial charges | 65 | €267 | €10,188 | +€9,921 | +3,718% |
| Profit (loss) for the period before taxes | 9903 | €589,253 | €734,323 | +€145,070 | +24.6% |
| Income taxes | 67/77 | €147,302 | €181,572 | +€34,270 | +23.3% |
| Profit (loss) for the period | 9904 | €441,951 | €552,751 | +€110,800 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €441,951 | €552,751 | +€110,800 | +25.1% |
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 30 October 2026 via checked.be.