WAFAALE: 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.
WAFAALE
Largest movements
- Cash +€9,390
up €9,390 (+36.4%), from €25,776 to €35,165
mainly Net result for the year (+€8,278) and Other debts (+€851)
- Stocks and contracts -€824
no longer reported in 2025 (was €824)
- Profit (loss) carried forward +€8,278
up €8,278 (+39.0%), from -€21,216 to -€12,938
- Other debts +€851
up €851 (+3.2%), from €26,768 to €27,618
- Staff costs -€17,188
down €17,188 (-39.1%), from €43,996 to €26,808
- Gross operating margin -€16,978
down €16,978 (-31.3%), from €54,268 to €37,290
- Taxes +€1,159
new in 2025: €1,159
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 | €38,689 | €47,074 | +€8,385 | +21.7% |
| Fixed assets | 21/28 | €7,252 | €7,252 | = | 0.0% |
| Tangible fixed assets | 22/27 | €418 | €418 | = | 0.0% |
| Plant, machinery and equipment | 23 | €380 | €380 | = | 0.0% |
| Other tangible fixed assets | 26 | €38 | €38 | = | 0.0% |
| Financial fixed assets | 28 | €6,834 | €6,834 | = | 0.0% |
| Current assets | 29/58 | €31,438 | €39,822 | +€8,385 | +26.7% |
| Stocks and contracts in progress | 3 | €824 | - | -€824 | |
| Stocks | 30/36 | €824 | - | -€824 | |
| Amounts receivable within one year | 40/41 | €4,838 | €4,657 | -€182 | -3.8% |
| Other amounts receivable | 41 | €4,838 | €4,657 | -€182 | -3.8% |
| Cash at bank and in hand | 54/58 | €25,776 | €35,165 | +€9,390 | +36.4% |
| Total equity and liabilities | 10/49 | €38,689 | €47,074 | +€8,385 | +21.7% |
| Equity | 10/15 | -€811 | €7,467 | +€8,278 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,805 | €1,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,805 | €1,805 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,805 | €1,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,216 | -€12,938 | +€8,278 | +39.0% |
| Amounts payable | 17/49 | €39,501 | €39,608 | +€107 | +0.3% |
| Amounts payable within one year | 42/48 | €39,501 | €39,464 | -€37 | -0.1% |
| Trade debts | 44 | €5,254 | €4,794 | -€460 | -8.8% |
| Suppliers | 440/4 | €5,254 | €4,794 | -€460 | -8.8% |
| Taxes, remuneration and social security | 45 | €7,478 | €7,051 | -€427 | -5.7% |
| Taxes | 450/3 | €5,808 | €6,928 | +€1,120 | +19.3% |
| Remuneration and social security | 454/9 | €1,670 | €123 | -€1,547 | -92.6% |
| Other amounts payable | 47/48 | €26,768 | €27,618 | +€851 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Remuneration, social security and pensions | 62 | €43,996 | €26,808 | -€17,188 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | - | -€505 | |
| Other operating charges | 640/8 | €1,235 | €986 | -€249 | -20.2% |
| Gross operating margin | 9900 | €54,268 | €37,290 | -€16,978 | -31.3% |
| Operating profit (loss) | 9901 | €8,532 | €9,496 | +€964 | +11.3% |
| Financial income | 75/76B | €186 | €0 | -€186 | -100.0% |
| Recurring financial income | 75 | €186 | €0 | -€186 | -100.0% |
| Financial charges | 65/66B | €107 | €59 | -€48 | -44.8% |
| Recurring financial charges | 65 | €107 | €59 | -€48 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €8,611 | €9,437 | +€826 | +9.6% |
| Income taxes | 67/77 | - | €1,159 | +€1,159 | |
| Profit (loss) for the period | 9904 | €8,611 | €8,278 | -€333 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,611 | €8,278 | -€333 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.