Wadu: 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.
Wadu
Largest movements
- Cash -€47,673
down €47,673 (-34.7%), from €137,268 to €89,595
mainly Debts after one year (-€49,515) and Net result for the year (-€9,951)
- Tangible fixed assets -€9,597
down €9,597 (-2.4%), from €403,200 to €393,603
of which Land and buildings: -€14,571
- Debts after one year -€49,515
down €49,515 (-33.9%), from €145,990 to €96,474
- Profit (loss) carried forward -€9,951
new in 2025: -€9,951
- Gross operating margin -€163,328
down €163,328 (-90.0%), from €181,517 to €18,189
- Taxes -€37,591
down €37,591 (-99.5%), from €37,775 to €184
- Financial charges -€7,177
down €7,177 (-43.4%), from €16,554 to €9,378
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 | €562,941 | €503,618 | -€59,323 | -10.5% |
| Fixed assets | 21/28 | €403,200 | €393,603 | -€9,597 | -2.4% |
| Tangible fixed assets | 22/27 | €403,200 | €393,603 | -€9,597 | -2.4% |
| Land and buildings | 22 | €392,655 | €378,084 | -€14,571 | -3.7% |
| Plant, machinery and equipment | 23 | €1,311 | €584 | -€727 | -55.5% |
| Furniture and vehicles | 24 | €1,757 | €1,650 | -€107 | -6.1% |
| Other tangible fixed assets | 26 | €7,477 | €13,285 | +€5,808 | +77.7% |
| Current assets | 29/58 | €159,741 | €110,015 | -€49,726 | -31.1% |
| Amounts receivable within one year | 40/41 | €18,065 | €18,188 | +€123 | +0.7% |
| Trade receivables | 40 | €13,503 | €13,963 | +€460 | +3.4% |
| Other amounts receivable | 41 | €4,563 | €4,225 | -€337 | -7.4% |
| Cash at bank and in hand | 54/58 | €137,268 | €89,595 | -€47,673 | -34.7% |
| Deferred charges and accrued income | 490/1 | €4,407 | €2,231 | -€2,176 | -49.4% |
| Total equity and liabilities | 10/49 | €562,941 | €503,618 | -€59,323 | -10.5% |
| Equity | 10/15 | €200,774 | €190,823 | -€9,951 | -5.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €150,774 | €150,774 | = | 0.0% |
| Distributable reserves | 133 | €150,774 | €150,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,951 | -€9,951 | |
| Amounts payable | 17/49 | €362,167 | €312,795 | -€49,372 | -13.6% |
| Amounts payable after more than one year | 17 | €145,990 | €96,474 | -€49,515 | -33.9% |
| Financial debts | 170/4 | €145,990 | €96,474 | -€49,515 | -33.9% |
| Amounts payable within one year | 42/48 | €216,177 | €215,232 | -€946 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €47,149 | €49,515 | +€2,366 | +5.0% |
| Financial debts | 43 | - | €259 | +€259 | |
| Credit institutions | 430/8 | - | €259 | +€259 | |
| Trade debts | 44 | €8,457 | €5,509 | -€2,948 | -34.9% |
| Suppliers | 440/4 | €8,457 | €5,509 | -€2,948 | -34.9% |
| Taxes, remuneration and social security | 45 | - | €548 | +€548 | |
| Taxes | 450/3 | - | €548 | +€548 | |
| Other amounts payable | 47/48 | €160,571 | €159,400 | -€1,171 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €1,090 | +€1,090 | |
| Non-recurring operating income | 76A | €168,591 | €0 | -€168,591 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,737 | €16,567 | -€1,170 | -6.6% |
| Other operating charges | 640/8 | €3,719 | €2,054 | -€1,666 | -44.8% |
| Gross operating margin | 9900 | €181,517 | €18,189 | -€163,328 | -90.0% |
| Operating profit (loss) | 9901 | €160,061 | -€432 | -€160,492 | |
| Financial income | 75/76B | €7 | €42 | +€35 | +490% |
| Recurring financial income | 75 | €7 | €42 | +€35 | +490% |
| Financial charges | 65/66B | €16,554 | €9,378 | -€7,177 | -43.4% |
| Recurring financial charges | 65 | €16,554 | €9,378 | -€7,177 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €143,513 | -€9,767 | -€153,281 | |
| Income taxes | 67/77 | €37,775 | €184 | -€37,591 | -99.5% |
| Profit (loss) for the period | 9904 | €105,739 | -€9,951 | -€115,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,739 | -€9,951 | -€115,690 |
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.