WADDI MIANI: 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.
WADDI MIANI
Largest movements
- Cash -€17,956
down €17,956 (-17.6%), from €101,744 to €83,787
mainly Net result for the year (-€9,006) and Tax, wage and social debts (-€8,625)
- Receivables within one year +€3,435
new in 2025: €3,435
- Profit (loss) carried forward -€9,006
down €9,006 (-28.8%), from €31,303 to €22,297
- Tax, wage and social debts -€8,625
down €8,625 (-27.3%), from €31,621 to €22,996
of which Taxes: -€4,775
- Trade debts +€2,216
up €2,216 (+370%), from €599 to €2,815
- Gross operating margin -€15,970
down €15,970 (-16.9%), from €94,334 to €78,365
- Financial charges -€6,398
down €6,398 (-88.2%), from €7,252 to €853
- Other operating charges -€3,014
down €3,014 (-63.1%), from €4,777 to €1,763
- Staff costs -€2,687
down €2,687 (-3.1%), from €87,229 to €84,542
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 | €101,956 | €87,222 | -€14,733 | -14.5% |
| Fixed assets | 21/28 | €212 | €0 | -€212 | -100% |
| Tangible fixed assets | 22/27 | €212 | €0 | -€212 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €212 | €0 | -€212 | -100% |
| Current assets | 29/58 | €101,744 | €87,222 | -€14,522 | -14.3% |
| Amounts receivable within one year | 40/41 | - | €3,435 | +€3,435 | |
| Trade receivables | 40 | - | €3,435 | +€3,435 | |
| Cash at bank and in hand | 54/58 | €101,744 | €83,787 | -€17,956 | -17.6% |
| Total equity and liabilities | 10/49 | €101,956 | €87,222 | -€14,733 | -14.5% |
| Equity | 10/15 | €50,436 | €41,430 | -€9,006 | -17.9% |
| Contributions | 10/11 | €18,637 | €18,637 | = | 0.0% |
| Reserves | 13 | €496 | €496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,303 | €22,297 | -€9,006 | -28.8% |
| Amounts payable | 17/49 | €51,519 | €45,792 | -€5,727 | -11.1% |
| Amounts payable within one year | 42/48 | €51,519 | €45,792 | -€5,727 | -11.1% |
| Trade debts | 44 | €599 | €2,815 | +€2,216 | +370% |
| Suppliers | 440/4 | €599 | €2,815 | +€2,216 | +370% |
| Taxes, remuneration and social security | 45 | €31,621 | €22,996 | -€8,625 | -27.3% |
| Taxes | 450/3 | €6,540 | €1,765 | -€4,775 | -73.0% |
| Remuneration and social security | 454/9 | €25,082 | €21,232 | -€3,850 | -15.3% |
| Other amounts payable | 47/48 | €19,299 | €19,981 | +€682 | +3.5% |
| Remuneration, social security and pensions | 62 | €87,229 | €84,542 | -€2,687 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €212 | +€212 | |
| Other operating charges | 640/8 | €4,777 | €1,763 | -€3,014 | -63.1% |
| Gross operating margin | 9900 | €94,334 | €78,365 | -€15,970 | -16.9% |
| Operating profit (loss) | 9901 | €2,328 | -€8,153 | -€10,481 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €7,252 | €853 | -€6,398 | -88.2% |
| Recurring financial charges | 65 | €7,252 | €853 | -€6,398 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,912 | -€9,006 | -€4,094 | -83.3% |
| Profit (loss) for the period | 9904 | -€4,912 | -€9,006 | -€4,094 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,912 | -€9,006 | -€4,094 | -83.3% |
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 27 October 2026 via checked.be.