WADADA: 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.
WADADA
Largest movements
- Cash +€48,668
up €48,668 (+217%), from €22,395 to €71,063
mainly Trade debts (+€37,378) and Tax, wage and social debts (+€23,854)
- Stocks and contracts -€22,109
down €22,109 (-13.8%), from €160,289 to €138,180
- Receivables within one year +€13,593
up €13,593 (+9.5%), from €143,026 to €156,619
of which Other amounts receivable: +€16,062
- Trade debts +€37,378
up €37,378 (+86.4%), from €43,237 to €80,615
- Tax, wage and social debts +€23,854
up €23,854 (+53.3%), from €44,778 to €68,631
of which Remuneration and social security: +€32,565
- Accrued charges and deferred income -€23,080
down €23,080 (-100%), from €23,080 to €0
- Other debts -€15,871
down €15,871 (-63.1%), from €25,133 to €9,262
- Current portion of long-term debt +€7,037
up €7,037, from €0 to €7,037
- Staff costs +€49,843
up €49,843 (+27.4%), from €181,885 to €231,728
- Gross operating margin +€13,161
up €13,161 (+4.9%), from €267,130 to €280,291
- Taxes -€9,962
down €9,962 (-83.4%), from €11,943 to €1,982
- Write-downs -€2,982
down €2,982 (-9.2%), from €32,421 to €29,439
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 | €338,433 | €378,708 | +€40,276 | +11.9% |
| Fixed assets | 21/28 | €10,773 | €9,422 | -€1,350 | -12.5% |
| Tangible fixed assets | 22/27 | €10,773 | €9,422 | -€1,350 | -12.5% |
| Land and buildings | 22 | €595 | €446 | -€149 | -25.0% |
| Plant, machinery and equipment | 23 | €2,145 | €4,477 | +€2,333 | +109% |
| Furniture and vehicles | 24 | €8,034 | €4,499 | -€3,535 | -44.0% |
| Current assets | 29/58 | €327,660 | €369,286 | +€41,626 | +12.7% |
| Stocks and contracts in progress | 3 | €160,289 | €138,180 | -€22,109 | -13.8% |
| Stocks | 30/36 | €160,289 | €138,180 | -€22,109 | -13.8% |
| Amounts receivable within one year | 40/41 | €143,026 | €156,619 | +€13,593 | +9.5% |
| Trade receivables | 40 | €138,939 | €136,470 | -€2,468 | -1.8% |
| Other amounts receivable | 41 | €4,087 | €20,149 | +€16,062 | +393% |
| Cash at bank and in hand | 54/58 | €22,395 | €71,063 | +€48,668 | +217% |
| Deferred charges and accrued income | 490/1 | €1,950 | €3,424 | +€1,474 | +75.6% |
| Total equity and liabilities | 10/49 | €338,433 | €378,708 | +€40,276 | +11.9% |
| Equity | 10/15 | €60,784 | €66,242 | +€5,459 | +9.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €48,284 | €53,742 | +€5,459 | +11.3% |
| Tax-exempt reserves | 132 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €46,884 | €52,342 | +€5,459 | +11.6% |
| Amounts payable | 17/49 | €277,649 | €312,466 | +€34,817 | +12.5% |
| Amounts payable within one year | 42/48 | €254,569 | €312,466 | +€57,897 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,037 | +€7,037 | |
| Financial debts | 43 | €1,125 | €1,078 | -€47 | -4.1% |
| Credit institutions | 430/8 | €1,125 | €1,078 | -€47 | -4.1% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €43,237 | €80,615 | +€37,378 | +86.4% |
| Suppliers | 440/4 | €43,237 | €80,615 | +€37,378 | +86.4% |
| Advances received on contracts in progress | 46 | €140,296 | €145,842 | +€5,546 | +4.0% |
| Taxes, remuneration and social security | 45 | €44,778 | €68,631 | +€23,854 | +53.3% |
| Taxes | 450/3 | €25,719 | €17,007 | -€8,711 | -33.9% |
| Remuneration and social security | 454/9 | €19,059 | €51,624 | +€32,565 | +171% |
| Other amounts payable | 47/48 | €25,133 | €9,262 | -€15,871 | -63.1% |
| Accrued charges and deferred income | 492/3 | €23,080 | €0 | -€23,080 | -100% |
| Remuneration, social security and pensions | 62 | €181,885 | €231,728 | +€49,843 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,035 | €6,182 | +€1,147 | +22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,421 | €29,439 | -€2,982 | -9.2% |
| Other operating charges | 640/8 | €851 | €757 | -€94 | -11.1% |
| Gross operating margin | 9900 | €267,130 | €280,291 | +€13,161 | +4.9% |
| Operating profit (loss) | 9901 | €46,938 | €12,185 | -€34,752 | -74.0% |
| Financial income | 75/76B | €1 | €625 | +€624 | +67,117% |
| Recurring financial income | 75 | €1 | €625 | +€624 | +67,117% |
| Financial charges | 65/66B | €4,976 | €5,370 | +€394 | +7.9% |
| Recurring financial charges | 65 | €4,976 | €5,370 | +€394 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €41,962 | €7,440 | -€34,522 | -82.3% |
| Income taxes | 67/77 | €11,943 | €1,982 | -€9,962 | -83.4% |
| Profit (loss) for the period | 9904 | €30,019 | €5,459 | -€24,560 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,019 | €5,459 | -€24,560 | -81.8% |
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 20 October 2026 via checked.be.