WAFEL ATELIER: 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.
WAFEL ATELIER
Largest movements
- Cash -€12,584
down €12,584 (-21.6%), from €58,278 to €45,694
mainly Other debts (-€13,158) and Debts after one year (-€12,708)
- Tangible fixed assets -€10,713
down €10,713 (-6.5%), from €165,205 to €154,492
of which Plant, machinery and equipment: -€6,850
- Other debts -€13,158
down €13,158 (-25.6%), from €51,431 to €38,273
- Profit (loss) carried forward +€12,963
no longer reported in 2025 (was -€12,963)
- Debts after one year -€12,708
down €12,708 (-20.1%), from €63,235 to €50,527
- Reserves -€8,821
down €8,821 (-9.4%), from €94,159 to €85,338
of which Distributable reserves: -€8,577
- Gross operating margin +€4,657
up €4,657 (+27.4%), from €17,001 to €21,658
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 | €234,128 | €210,911 | -€23,217 | -9.9% |
| Fixed assets | 21/28 | €165,205 | €154,492 | -€10,713 | -6.5% |
| Tangible fixed assets | 22/27 | €165,205 | €154,492 | -€10,713 | -6.5% |
| Land and buildings | 22 | €114,098 | €110,235 | -€3,863 | -3.4% |
| Plant, machinery and equipment | 23 | €51,107 | €44,258 | -€6,850 | -13.4% |
| Current assets | 29/58 | €68,923 | €56,419 | -€12,505 | -18.1% |
| Stocks and contracts in progress | 3 | €10,005 | €8,978 | -€1,027 | -10.3% |
| Stocks | 30/36 | €10,005 | €8,978 | -€1,027 | -10.3% |
| Amounts receivable within one year | 40/41 | €641 | €5 | -€636 | -99.3% |
| Trade receivables | 40 | €286 | - | -€286 | |
| Other amounts receivable | 41 | €355 | €5 | -€350 | -98.7% |
| Cash at bank and in hand | 54/58 | €58,278 | €45,694 | -€12,584 | -21.6% |
| Deferred charges and accrued income | 490/1 | - | €1,742 | +€1,742 | |
| Total equity and liabilities | 10/49 | €234,128 | €210,911 | -€23,217 | -9.9% |
| Equity | 10/15 | €99,796 | €103,938 | +€4,142 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,159 | €85,338 | -€8,821 | -9.4% |
| Non-distributable reserves | 130/1 | €334 | €334 | = | 0.0% |
| Reserves not available under the articles | 1311 | €334 | €334 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,867 | €2,624 | -€244 | -8.5% |
| Distributable reserves | 133 | €90,957 | €82,380 | -€8,577 | -9.4% |
| Profit (loss) carried forward | 14 | -€12,963 | - | +€12,963 | |
| Provisions and deferred taxes | 16 | €500 | €419 | -€81 | -16.2% |
| Deferred taxes | 168 | €500 | €419 | -€81 | -16.2% |
| Amounts payable | 17/49 | €133,832 | €106,553 | -€27,278 | -20.4% |
| Amounts payable after more than one year | 17 | €63,235 | €50,527 | -€12,708 | -20.1% |
| Financial debts | 170/4 | €63,235 | €50,527 | -€12,708 | -20.1% |
| Amounts payable within one year | 42/48 | €70,596 | €56,026 | -€14,570 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €12,484 | €12,708 | +€224 | +1.8% |
| Trade debts | 44 | €4,808 | €2,797 | -€2,011 | -41.8% |
| Suppliers | 440/4 | €4,808 | €2,797 | -€2,011 | -41.8% |
| Taxes, remuneration and social security | 45 | €1,873 | €2,248 | +€375 | +20.0% |
| Taxes | 450/3 | €549 | €924 | +€375 | +68.3% |
| Remuneration and social security | 454/9 | €1,324 | €1,324 | = | 0.0% |
| Other amounts payable | 47/48 | €51,431 | €38,273 | -€13,158 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,629 | €10,713 | +€83 | +0.8% |
| Other operating charges | 640/8 | €3,788 | €3,907 | +€119 | +3.1% |
| Gross operating margin | 9900 | €17,001 | €21,658 | +€4,657 | +27.4% |
| Operating profit (loss) | 9901 | €2,584 | €7,038 | +€4,454 | +172% |
| Financial charges | 65/66B | €2,949 | €2,836 | -€113 | -3.8% |
| Recurring financial charges | 65 | €2,949 | €2,836 | -€113 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€365 | €4,202 | +€4,567 | |
| Transfer from deferred taxes | 780 | €81 | €81 | = | 0.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€424 | €4,142 | +€4,566 | |
| Transfer from tax-exempt reserves | 789 | €244 | €244 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€180 | €4,386 | +€4,566 |
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 30 October 2026 via checked.be.