WAE Consulting: 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.
WAE Consulting
Largest movements
- Cash +€18,865
up €18,865 (+42.8%), from €44,044 to €62,910
mainly Depreciation (+€13,937) and Net result for the year (+€12,136)
- Tangible fixed assets -€11,586
down €11,586 (-22.5%), from €51,559 to €39,972
of which Leasing and similar rights: -€12,800
- Reserves +€12,136
up €12,136 (+26.2%), from €46,356 to €58,492
- Debts after one year -€11,082
down €11,082 (-31.4%), from €35,302 to €24,220
- Tax, wage and social debts +€5,325
up €5,325 (+33.3%), from €15,990 to €21,316
of which Taxes: +€5,325
- Gross operating margin -€20,743
down €20,743 (-38.3%), from €54,121 to €33,378
- Taxes -€4,254
down €4,254 (-49.0%), from €8,683 to €4,429
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 | €112,708 | €118,607 | +€5,899 | +5.2% |
| Fixed assets | 21/28 | €51,784 | €39,972 | -€11,811 | -22.8% |
| Tangible fixed assets | 22/27 | €51,559 | €39,972 | -€11,586 | -22.5% |
| Plant, machinery and equipment | 23 | €1,287 | €2,500 | +€1,213 | +94.3% |
| Leasing and similar rights | 25 | €50,272 | €37,472 | -€12,800 | -25.5% |
| Financial fixed assets | 28 | €225 | €0 | -€225 | -100% |
| Current assets | 29/58 | €60,925 | €78,635 | +€17,710 | +29.1% |
| Amounts receivable within one year | 40/41 | €13,134 | €13,086 | -€47 | -0.4% |
| Trade receivables | 40 | €12,874 | €11,519 | -€1,355 | -10.5% |
| Other amounts receivable | 41 | €259 | €1,567 | +€1,308 | +505% |
| Cash at bank and in hand | 54/58 | €44,044 | €62,910 | +€18,865 | +42.8% |
| Deferred charges and accrued income | 490/1 | €3,747 | €2,639 | -€1,108 | -29.6% |
| Total equity and liabilities | 10/49 | €112,708 | €118,607 | +€5,899 | +5.2% |
| Equity | 10/15 | €49,356 | €61,492 | +€12,136 | +24.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,356 | €58,492 | +€12,136 | +26.2% |
| Distributable reserves | 133 | €46,356 | €58,492 | +€12,136 | +26.2% |
| Amounts payable | 17/49 | €63,352 | €57,115 | -€6,237 | -9.8% |
| Amounts payable after more than one year | 17 | €35,302 | €24,220 | -€11,082 | -31.4% |
| Financial debts | 170/4 | €35,302 | €24,220 | -€11,082 | -31.4% |
| Amounts payable within one year | 42/48 | €28,050 | €32,895 | +€4,845 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €10,631 | €11,082 | +€451 | +4.2% |
| Trade debts | 44 | €1,429 | €497 | -€932 | -65.2% |
| Suppliers | 440/4 | €1,429 | €497 | -€932 | -65.2% |
| Taxes, remuneration and social security | 45 | €15,990 | €21,316 | +€5,325 | +33.3% |
| Taxes | 450/3 | €15,990 | €21,316 | +€5,325 | +33.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,557 | €13,937 | +€380 | +2.8% |
| Other operating charges | 640/8 | €892 | €848 | -€45 | -5.0% |
| Gross operating margin | 9900 | €54,121 | €33,378 | -€20,743 | -38.3% |
| Operating profit (loss) | 9901 | €39,672 | €18,594 | -€21,078 | -53.1% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €2,493 | €2,098 | -€395 | -15.8% |
| Recurring financial charges | 65 | €2,493 | €2,098 | -€395 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €37,179 | €16,565 | -€20,614 | -55.4% |
| Income taxes | 67/77 | €8,683 | €4,429 | -€4,254 | -49.0% |
| Profit (loss) for the period | 9904 | €28,496 | €12,136 | -€16,361 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,496 | €12,136 | -€16,361 | -57.4% |
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 22 October 2026 via checked.be.