WAEL CONSTRUCT: 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.
WAEL CONSTRUCT
Largest movements
- Receivables within one year +€9,986
up €9,986 (+19.5%), from €51,210 to €61,196
of which Other amounts receivable: +€6,207
- Cash +€7,785
up €7,785 (+2831.2%), from €275 to €8,060
mainly Net result for the year (+€29,617) and Other debts (+€5,638)
- Tangible fixed assets -€2,361
no longer reported in 2024 (was €2,361)
- Stocks and contracts -€1,257
down €1,257 (-72.7%), from €1,728 to €471
- Profit (loss) carried forward +€17,617
up €17,617 (+93.0%), from -€18,935 to -€1,319
- Trade debts -€8,714
down €8,714 (-31.4%), from €27,770 to €19,056
- Other debts +€5,638
up €5,638 (+85.9%), from €6,566 to €12,204
- Gross operating margin +€42,252
up €42,252, from -€9,995 to €32,257
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,573 | €69,946 | +€14,373 | +25.9% |
| Fixed assets | 21/28 | €2,361 | - | -€2,361 | |
| Tangible fixed assets | 22/27 | €2,361 | - | -€2,361 | |
| Furniture and vehicles | 24 | €2,361 | - | -€2,361 | |
| Current assets | 29/58 | €53,213 | €69,946 | +€16,733 | +31.4% |
| Stocks and contracts in progress | 3 | €1,728 | €471 | -€1,257 | -72.7% |
| Stocks | 30/36 | €1,728 | €471 | -€1,257 | -72.7% |
| Amounts receivable within one year | 40/41 | €51,210 | €61,196 | +€9,986 | +19.5% |
| Trade receivables | 40 | €9,830 | €13,609 | +€3,779 | +38.4% |
| Other amounts receivable | 41 | €41,380 | €47,587 | +€6,207 | +15.0% |
| Cash at bank and in hand | 54/58 | €275 | €8,060 | +€7,785 | +2831.2% |
| Deferred charges and accrued income | 490/1 | - | €219 | +€219 | |
| Total equity and liabilities | 10/49 | €55,573 | €69,946 | +€14,373 | +25.9% |
| Equity | 10/15 | -€12,015 | €5,602 | +€17,617 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €720 | €720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €720 | €720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €720 | €720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,935 | -€1,319 | +€17,617 | +93.0% |
| Amounts payable | 17/49 | €67,589 | €64,344 | -€3,244 | -4.8% |
| Amounts payable within one year | 42/48 | €67,589 | €64,344 | -€3,244 | -4.8% |
| Trade debts | 44 | €27,770 | €19,056 | -€8,714 | -31.4% |
| Suppliers | 440/4 | €27,770 | €19,056 | -€8,714 | -31.4% |
| Advances received on contracts in progress | 46 | €28,087 | €28,087 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,166 | €4,998 | -€168 | -3.3% |
| Taxes | 450/3 | €5,166 | €4,998 | -€168 | -3.3% |
| Other amounts payable | 47/48 | €6,566 | €12,204 | +€5,638 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361 | €2,361 | +€0 | 0.0% |
| Other operating charges | 640/8 | €540 | €222 | -€318 | -58.8% |
| Gross operating margin | 9900 | -€9,995 | €32,257 | +€42,252 | |
| Operating profit (loss) | 9901 | -€12,896 | €29,674 | +€42,570 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €84 | €64 | -€20 | -24.3% |
| Recurring financial charges | 65 | €84 | €64 | -€20 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,980 | €29,617 | +€42,597 | |
| Profit (loss) for the period | 9904 | -€12,980 | €29,617 | +€42,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,980 | €29,617 | +€42,597 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.