WADEMAX: 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.
WADEMAX
Largest movements
- Tangible fixed assets -€29,392
down €29,392 (-40.3%), from €72,916 to €43,523
- Cash +€3,120
up €3,120 (+218.6%), from €1,427 to €4,548
mainly Depreciation (+€30,048) and Other debts (+€3,369)
- Receivables within one year -€2,462
down €2,462 (-100.0%), from €2,462 to €0
- Profit (loss) carried forward -€36,731
down €36,731 (-182.2%), from -€20,161 to -€56,892
- Other debts +€3,369
up €3,369 (+3193.8%), from €106 to €3,475
- Accrued charges and deferred income +€2,373
up €2,373 (+65.1%), from €3,642 to €6,015
- Trade debts +€1,424
up €1,424 (+608.0%), from €234 to €1,658
- Depreciation +€13,073
up €13,073 (+77.0%), from €16,976 to €30,048
- Financial charges +€2,417
up €2,417 (+68.0%), from €3,552 to €5,969
- Gross operating margin -€636
down €636, from €508 to -€128
- Other operating charges +€444
up €444 (+313.7%), from €142 to €586
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 | €77,821 | €48,324 | -€29,498 | -37.9% |
| Formation expenses | 20 | €656 | €0 | -€656 | -100.0% |
| Fixed assets | 21/28 | €72,916 | €43,523 | -€29,392 | -40.3% |
| Tangible fixed assets | 22/27 | €72,916 | €43,523 | -€29,392 | -40.3% |
| Furniture and vehicles | 24 | €72,916 | €43,523 | -€29,392 | -40.3% |
| Current assets | 29/58 | €4,250 | €4,800 | +€550 | +13.0% |
| Amounts receivable within one year | 40/41 | €2,462 | €0 | -€2,462 | -100.0% |
| Other amounts receivable | 41 | €2,462 | €0 | -€2,462 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,427 | €4,548 | +€3,120 | +218.6% |
| Deferred charges and accrued income | 490/1 | €360 | €253 | -€108 | -29.9% |
| Total equity and liabilities | 10/49 | €77,821 | €48,324 | -€29,498 | -37.9% |
| Equity | 10/15 | -€17,161 | -€53,892 | -€36,731 | -214.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,161 | -€56,892 | -€36,731 | -182.2% |
| Amounts payable | 17/49 | €94,982 | €102,215 | +€7,233 | +7.6% |
| Amounts payable after more than one year | 17 | €91,000 | €91,000 | = | 0.0% |
| Financial debts | 170/4 | €91,000 | €91,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €340 | €5,200 | +€4,861 | +1430.8% |
| Trade debts | 44 | €234 | €1,658 | +€1,424 | +608.0% |
| Suppliers | 440/4 | €234 | €1,658 | +€1,424 | +608.0% |
| Taxes, remuneration and social security | 45 | - | €67 | +€67 | |
| Taxes | 450/3 | - | €67 | +€67 | |
| Other amounts payable | 47/48 | €106 | €3,475 | +€3,369 | +3193.8% |
| Accrued charges and deferred income | 492/3 | €3,642 | €6,015 | +€2,373 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,976 | €30,048 | +€13,073 | +77.0% |
| Other operating charges | 640/8 | €142 | €586 | +€444 | +313.7% |
| Gross operating margin | 9900 | €508 | -€128 | -€636 | |
| Operating profit (loss) | 9901 | -€16,609 | -€30,762 | -€14,153 | -85.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,552 | €5,969 | +€2,417 | +68.0% |
| Recurring financial charges | 65 | €3,552 | €5,969 | +€2,417 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,161 | -€36,731 | -€16,570 | -82.2% |
| Profit (loss) for the period | 9904 | -€20,161 | -€36,731 | -€16,570 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,161 | -€36,731 | -€16,570 | -82.2% |
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 12 October 2026 via checked.be.