WAFADAR: 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.
WAFADAR
Largest movements
- Stocks and contracts -€126,910
down €126,910 (-47.8%), from €265,485 to €138,575
- Receivables within one year +€22,031
up €22,031 (+18.9%), from €116,653 to €138,683
of which Other amounts receivable: +€21,674
- Cash +€8,759
up €8,759 (+66.9%), from €13,089 to €21,848
mainly Stocks and contracts (+€126,910) and Net result for the year (+€104,092)
- Tangible fixed assets -€4,817
down €4,817 (-54.5%), from €8,833 to €4,017
of which Furniture and vehicles: -€3,617
- Trade debts -€174,538
down €174,538 (-54.4%), from €320,975 to €146,436
- Profit (loss) carried forward +€104,092
up €104,092 (+519.2%), from €20,048 to €124,141
- Tax, wage and social debts -€24,991
down €24,991 (-80.2%), from €31,167 to €6,177
- Other debts -€24,500
no longer reported in 2024 (was €24,500)
- Contributions +€19,000
up €19,000 (+102.2%), from €18,600 to €37,600
- Turnover +€479,300
up €479,300 (+57.5%), from €833,399 to €1.3m
- Purchases and services +€387,846
up €387,846 (+57.8%), from €670,451 to €1.1m
- Gross operating margin +€109,275
up €109,275 (+60.6%), from €180,223 to €289,498
- Staff costs +€33,184
up €33,184 (+22.9%), from €144,612 to €177,796
- Taxes -€22,900
no longer reported in 2024 (was €22,900)
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 | €417,150 | €316,214 | -€100,937 | -24.2% |
| Fixed assets | 21/28 | €21,923 | €17,107 | -€4,817 | -22.0% |
| Tangible fixed assets | 22/27 | €8,833 | €4,017 | -€4,817 | -54.5% |
| Plant, machinery and equipment | 23 | €1,200 | - | -€1,200 | |
| Furniture and vehicles | 24 | €7,633 | €4,017 | -€3,617 | -47.4% |
| Financial fixed assets | 28 | €13,090 | €13,090 | = | 0.0% |
| Current assets | 29/58 | €395,227 | €299,107 | -€96,120 | -24.3% |
| Stocks and contracts in progress | 3 | €265,485 | €138,575 | -€126,910 | -47.8% |
| Stocks | 30/36 | €265,485 | €138,575 | -€126,910 | -47.8% |
| Amounts receivable within one year | 40/41 | €116,653 | €138,683 | +€22,031 | +18.9% |
| Trade receivables | 40 | €1,132 | €1,489 | +€356 | +31.5% |
| Other amounts receivable | 41 | €115,520 | €137,195 | +€21,674 | +18.8% |
| Cash at bank and in hand | 54/58 | €13,089 | €21,848 | +€8,759 | +66.9% |
| Total equity and liabilities | 10/49 | €417,150 | €316,214 | -€100,937 | -24.2% |
| Equity | 10/15 | €40,508 | €163,601 | +€123,092 | +303.9% |
| Contributions | 10/11 | €18,600 | €37,600 | +€19,000 | +102.2% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,048 | €124,141 | +€104,092 | +519.2% |
| Amounts payable | 17/49 | €376,642 | €152,613 | -€224,029 | -59.5% |
| Amounts payable within one year | 42/48 | €376,642 | €152,613 | -€224,029 | -59.5% |
| Trade debts | 44 | €320,975 | €146,436 | -€174,538 | -54.4% |
| Suppliers | 440/4 | €320,975 | €146,436 | -€174,538 | -54.4% |
| Taxes, remuneration and social security | 45 | €31,167 | €6,177 | -€24,991 | -80.2% |
| Remuneration and social security | 454/9 | €31,167 | €6,177 | -€24,991 | -80.2% |
| Other amounts payable | 47/48 | €24,500 | - | -€24,500 | |
| Turnover | 70 | €833,399 | €1,312,699 | +€479,300 | +57.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €670,451 | €1,058,297 | +€387,846 | +57.8% |
| Remuneration, social security and pensions | 62 | €144,612 | €177,796 | +€33,184 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,617 | €5,217 | -€400 | -7.1% |
| Other operating charges | 640/8 | €3,488 | €1,138 | -€2,351 | -67.4% |
| Gross operating margin | 9900 | €180,223 | €289,498 | +€109,275 | +60.6% |
| Operating profit (loss) | 9901 | €26,506 | €105,347 | +€78,841 | +297.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,745 | €1,255 | -€490 | -28.1% |
| Recurring financial charges | 65 | €1,745 | €1,255 | -€490 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €24,760 | €104,092 | +€79,332 | +320.4% |
| Income taxes | 67/77 | €22,900 | - | -€22,900 | |
| Profit (loss) for the period | 9904 | €1,860 | €104,092 | +€102,232 | +5496.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,860 | €104,092 | +€102,232 | +5496.1% |
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 2 October 2026 via checked.be.