WaFe 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.
WaFe Consulting
Largest movements
- Current investments +€275,000
new in 2025: €275,000
- Cash -€166,395
down €166,395 (-73.1%), from €227,605 to €61,210
mainly Current investments (-€275,000) and Investment in fixed assets (net) (-€1,020)
- Tangible fixed assets -€17,574
down €17,574 (-29.4%), from €59,769 to €42,195
of which Furniture and vehicles: -€17,368
- Reserves +€74,378
up €74,378 (+55.3%), from €134,396 to €208,774
- Tax, wage and social debts +€8,844
up €8,844 (+14.3%), from €62,054 to €70,898
- Other debts +€4,843
up €4,843 (+4.5%), from €107,484 to €112,327
- Gross operating margin -€5,058
down €5,058 (-3.9%), from €130,576 to €125,519
- Financial charges +€3,275
up €3,275 (+72.5%), from €4,516 to €7,791
- Taxes -€2,251
down €2,251 (-7.3%), from €30,810 to €28,559
- Financial income +€2,102
up €2,102 (+89.4%), from €2,350 to €4,452
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 | €305,632 | €393,153 | +€87,522 | +28.6% |
| Fixed assets | 21/28 | €59,769 | €42,195 | -€17,574 | -29.4% |
| Tangible fixed assets | 22/27 | €59,769 | €42,195 | -€17,574 | -29.4% |
| Plant, machinery and equipment | 23 | €644 | €438 | -€206 | -32.0% |
| Furniture and vehicles | 24 | €59,125 | €41,757 | -€17,368 | -29.4% |
| Current assets | 29/58 | €245,863 | €350,959 | +€105,096 | +42.7% |
| Amounts receivable within one year | 40/41 | €17,764 | €14,224 | -€3,539 | -19.9% |
| Trade receivables | 40 | €17,696 | €14,157 | -€3,539 | -20.0% |
| Other amounts receivable | 41 | €68 | €67 | -€0 | -0.2% |
| Current investments | 50/53 | - | €275,000 | +€275,000 | |
| Cash at bank and in hand | 54/58 | €227,605 | €61,210 | -€166,395 | -73.1% |
| Deferred charges and accrued income | 490/1 | €494 | €525 | +€31 | +6.2% |
| Total equity and liabilities | 10/49 | €305,632 | €393,153 | +€87,522 | +28.6% |
| Equity | 10/15 | €135,396 | €209,774 | +€74,378 | +54.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €134,396 | €208,774 | +€74,378 | +55.3% |
| Distributable reserves | 133 | €134,396 | €208,774 | +€74,378 | +55.3% |
| Amounts payable | 17/49 | €170,236 | €183,380 | +€13,144 | +7.7% |
| Amounts payable within one year | 42/48 | €170,236 | €183,380 | +€13,144 | +7.7% |
| Trade debts | 44 | €699 | €155 | -€544 | -77.8% |
| Suppliers | 440/4 | €699 | €155 | -€544 | -77.8% |
| Taxes, remuneration and social security | 45 | €62,054 | €70,898 | +€8,844 | +14.3% |
| Taxes | 450/3 | €62,054 | €70,898 | +€8,844 | +14.3% |
| Other amounts payable | 47/48 | €107,484 | €112,327 | +€4,843 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,840 | €18,594 | +€755 | +4.2% |
| Other operating charges | 640/8 | €335 | €649 | +€313 | +93.4% |
| Gross operating margin | 9900 | €130,576 | €125,519 | -€5,058 | -3.9% |
| Operating profit (loss) | 9901 | €112,401 | €106,276 | -€6,126 | -5.4% |
| Financial income | 75/76B | €2,350 | €4,452 | +€2,102 | +89.4% |
| Recurring financial income | 75 | €2,350 | €4,452 | +€2,102 | +89.4% |
| Financial charges | 65/66B | €4,516 | €7,791 | +€3,275 | +72.5% |
| Recurring financial charges | 65 | €4,516 | €7,791 | +€3,275 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €110,236 | €102,937 | -€7,298 | -6.6% |
| Income taxes | 67/77 | €30,810 | €28,559 | -€2,251 | -7.3% |
| Profit (loss) for the period | 9904 | €79,425 | €74,378 | -€5,047 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,425 | €74,378 | -€5,047 | -6.4% |
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 18 October 2026 via checked.be.