WADJ: what changed
Two fiscal 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.
WADJ
Largest movements
- Current investments +€72,000
up €72,000 (+65.5%), from €110,000 to €182,000
- Cash -€49,412
down €49,412 (-80.5%), from €61,405 to €11,992
mainly Current investments (-€72,000) and Debts after one year (-€42,006)
- Tangible fixed assets -€12,311
down €12,311 (-13.1%), from €93,674 to €81,362
of which Furniture and vehicles: -€6,314
- Receivables within one year -€3,269
down €3,269 (-16.3%), from €20,093 to €16,824
of which Trade receivables: -€13,269
- Profit (loss) carried forward +€48,722
new in 2025: €48,722
- Debts after one year -€42,006
down €42,006 (-24.9%), from €168,588 to €126,582
of which Other amounts payable: -€28,634
- Tax, wage and social debts -€5,024
down €5,024 (-52.9%), from €9,490 to €4,467
- Trade debts +€3,810
up €3,810 (+61.0%), from €6,249 to €10,059
- Depreciation -€24,679
down €24,679 (-58.6%), from €42,079 to €17,399
- Other operating charges +€8,356
up €8,356 (+173.1%), from €4,827 to €13,183
- Gross operating margin +€6,302
up €6,302 (+6.6%), from €96,048 to €102,350
- Taxes +€3,440
up €3,440 (+19.6%), from €17,538 to €20,978
- Financial income +€3,411
new in 2025: €3,411
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 | €289,425 | €295,120 | +€5,696 | +2.0% |
| Fixed assets | 21/28 | €93,674 | €81,362 | -€12,311 | -13.1% |
| Tangible fixed assets | 22/27 | €93,674 | €81,362 | -€12,311 | -13.1% |
| Land and buildings | 22 | €87,360 | €81,362 | -€5,998 | -6.9% |
| Furniture and vehicles | 24 | €6,314 | - | -€6,314 | |
| Current assets | 29/58 | €195,751 | €213,758 | +€18,007 | +9.2% |
| Amounts receivable within one year | 40/41 | €20,093 | €16,824 | -€3,269 | -16.3% |
| Trade receivables | 40 | €20,093 | €6,824 | -€13,269 | -66.0% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €110,000 | €182,000 | +€72,000 | +65.5% |
| Cash at bank and in hand | 54/58 | €61,405 | €11,992 | -€49,412 | -80.5% |
| Deferred charges and accrued income | 490/1 | €4,253 | €2,941 | -€1,312 | -30.8% |
| Total equity and liabilities | 10/49 | €289,425 | €295,120 | +€5,696 | +2.0% |
| Equity | 10/15 | €91,919 | €140,641 | +€48,722 | +53.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €91,819 | €91,819 | = | 0.0% |
| Distributable reserves | 133 | €91,819 | €91,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €48,722 | +€48,722 | |
| Amounts payable | 17/49 | €197,506 | €154,480 | -€43,027 | -21.8% |
| Amounts payable after more than one year | 17 | €168,588 | €126,582 | -€42,006 | -24.9% |
| Financial debts | 170/4 | €107,644 | €94,272 | -€13,372 | -12.4% |
| Other amounts payable | 178/9 | €60,944 | €32,310 | -€28,634 | -47.0% |
| Amounts payable within one year | 42/48 | €28,918 | €27,898 | -€1,021 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €13,179 | €13,372 | +€192 | +1.5% |
| Trade debts | 44 | €6,249 | €10,059 | +€3,810 | +61.0% |
| Suppliers | 440/4 | €6,249 | €10,059 | +€3,810 | +61.0% |
| Taxes, remuneration and social security | 45 | €9,490 | €4,467 | -€5,024 | -52.9% |
| Taxes | 450/3 | €9,490 | €4,467 | -€5,024 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,079 | €17,399 | -€24,679 | -58.6% |
| Other operating charges | 640/8 | €4,827 | €13,183 | +€8,356 | +173.1% |
| Gross operating margin | 9900 | €96,048 | €102,350 | +€6,302 | +6.6% |
| Operating profit (loss) | 9901 | €49,142 | €71,767 | +€22,625 | +46.0% |
| Financial income | 75/76B | - | €3,411 | +€3,411 | |
| Recurring financial income | 75 | - | €3,411 | +€3,411 | |
| Financial charges | 65/66B | €5,453 | €5,478 | +€25 | +0.5% |
| Recurring financial charges | 65 | €5,453 | €5,478 | +€25 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €43,689 | €69,700 | +€26,011 | +59.5% |
| Income taxes | 67/77 | €17,538 | €20,978 | +€3,440 | +19.6% |
| Profit (loss) for the period | 9904 | €26,151 | €48,722 | +€22,572 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,151 | €48,722 | +€22,572 | +86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.