WAFAEngineering: 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.
WAFAEngineering
Largest movements
- Cash -€242,120
down €242,120 (-69.5%), from €348,142 to €106,022
mainly Contributions, distributions and other (-€380,438) and Tax, wage and social debts (-€8,457)
- Profit (loss) carried forward -€306,638
down €306,638 (-100.0%), from €306,638 to €0
- Other debts +€72,194
up €72,194 (+251.4%), from €28,712 to €100,906
- Tax, wage and social debts -€8,457
down €8,457 (-48.9%), from €17,290 to €8,833
- Taxes -€10,634
down €10,634 (-35.9%), from €29,662 to €19,027
- Gross operating margin -€1,405
down €1,405 (-1.4%), from €97,555 to €96,150
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 | €381,018 | €134,742 | -€246,276 | -64.6% |
| Fixed assets | 21/28 | €4,678 | €2,472 | -€2,206 | -47.2% |
| Tangible fixed assets | 22/27 | €4,678 | €2,472 | -€2,206 | -47.2% |
| Furniture and vehicles | 24 | €3,155 | €1,230 | -€1,926 | -61.0% |
| Other tangible fixed assets | 26 | €1,522 | €1,242 | -€280 | -18.4% |
| Current assets | 29/58 | €376,340 | €132,270 | -€244,070 | -64.9% |
| Amounts receivable within one year | 40/41 | €28,050 | €26,248 | -€1,802 | -6.4% |
| Trade receivables | 40 | €22,508 | €17,733 | -€4,775 | -21.2% |
| Other amounts receivable | 41 | €5,542 | €8,515 | +€2,973 | +53.6% |
| Cash at bank and in hand | 54/58 | €348,142 | €106,022 | -€242,120 | -69.5% |
| Deferred charges and accrued income | 490/1 | €148 | €0 | -€148 | -100.0% |
| Total equity and liabilities | 10/49 | €381,018 | €134,742 | -€246,276 | -64.6% |
| Equity | 10/15 | €327,098 | €20,460 | -€306,638 | -93.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | €306,638 | €0 | -€306,638 | -100.0% |
| Amounts payable | 17/49 | €53,920 | €114,282 | +€60,362 | +111.9% |
| Amounts payable within one year | 42/48 | €53,920 | €114,282 | +€60,362 | +111.9% |
| Trade debts | 44 | €7,918 | €4,543 | -€3,375 | -42.6% |
| Suppliers | 440/4 | €7,918 | €4,543 | -€3,375 | -42.6% |
| Taxes, remuneration and social security | 45 | €17,290 | €8,833 | -€8,457 | -48.9% |
| Taxes | 450/3 | €17,290 | €8,833 | -€8,457 | -48.9% |
| Other amounts payable | 47/48 | €28,712 | €100,906 | +€72,194 | +251.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €2,206 | = | 0.0% |
| Other operating charges | 640/8 | €725 | €848 | +€123 | +17.0% |
| Gross operating margin | 9900 | €97,555 | €96,150 | -€1,405 | -1.4% |
| Operating profit (loss) | 9901 | €94,624 | €93,096 | -€1,528 | -1.6% |
| Financial income | 75/76B | €0 | €36 | +€36 | |
| Recurring financial income | 75 | €0 | €36 | +€36 | |
| Financial charges | 65/66B | €140 | €305 | +€164 | +117.0% |
| Recurring financial charges | 65 | €140 | €305 | +€164 | +117.0% |
| Profit (loss) for the period before taxes | 9903 | €94,484 | €92,828 | -€1,656 | -1.8% |
| Income taxes | 67/77 | €29,662 | €19,027 | -€10,634 | -35.9% |
| Profit (loss) for the period | 9904 | €64,822 | €73,800 | +€8,978 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,822 | €73,800 | +€8,978 | +13.9% |
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 29 September 2026 via checked.be.