Wafeltjes.be: 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.
Wafeltjes.be
Largest movements
- Cash +€38,154
up €38,154 (+24.8%), from €153,563 to €191,717
mainly Trade debts (+€118,298) and Depreciation (+€65,038)
- Tangible fixed assets -€34,219
down €34,219 (-9.4%), from €364,836 to €330,616
- Receivables within one year +€25,787
up €25,787 (+40.7%), from €63,344 to €89,132
of which Other amounts receivable: +€33,724
- Intangible fixed assets -€20,511
down €20,511 (-32.8%), from €62,543 to €42,032
- Stocks and contracts -€7,963
down €7,963 (-19.6%), from €40,637 to €32,675
- Trade debts +€118,298
up €118,298 (+72.2%), from €163,875 to €282,173
- Debts after one year -€52,528
down €52,528 (-25.1%), from €209,008 to €156,480
of which Financial debts: -€34,299
- Short-term financial debts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Current portion of long-term debt -€29,970
down €29,970 (-36.3%), from €82,498 to €52,528
- Reserves +€9,309
up €9,309 (+6.9%), from €135,602 to €144,911
- Gross operating margin -€77,694
down €77,694 (-32.8%), from €236,554 to €158,859
- Taxes -€23,707
down €23,707 (-78.2%), from €30,332 to €6,625
- Staff costs +€8,904
up €8,904 (+25.3%), from €35,262 to €44,166
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 | €694,590 | €693,222 | -€1,368 | -0.2% |
| Fixed assets | 21/28 | €428,378 | €373,648 | -€54,730 | -12.8% |
| Intangible fixed assets | 21 | €62,543 | €42,032 | -€20,511 | -32.8% |
| Tangible fixed assets | 22/27 | €364,836 | €330,616 | -€34,219 | -9.4% |
| Land and buildings | 22 | €264,393 | €247,550 | -€16,842 | -6.4% |
| Plant, machinery and equipment | 23 | €48,088 | €43,151 | -€4,937 | -10.3% |
| Furniture and vehicles | 24 | €52,355 | €39,915 | -€12,440 | -23.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €266,212 | €319,574 | +€53,362 | +20.0% |
| Stocks and contracts in progress | 3 | €40,637 | €32,675 | -€7,963 | -19.6% |
| Stocks | 30/36 | €40,637 | €32,675 | -€7,963 | -19.6% |
| Amounts receivable within one year | 40/41 | €63,344 | €89,132 | +€25,787 | +40.7% |
| Trade receivables | 40 | €36,064 | €28,128 | -€7,936 | -22.0% |
| Other amounts receivable | 41 | €27,280 | €61,003 | +€33,724 | +124% |
| Cash at bank and in hand | 54/58 | €153,563 | €191,717 | +€38,154 | +24.8% |
| Deferred charges and accrued income | 490/1 | €8,668 | €6,051 | -€2,617 | -30.2% |
| Total equity and liabilities | 10/49 | €694,590 | €693,222 | -€1,368 | -0.2% |
| Equity | 10/15 | €154,202 | €163,511 | +€9,309 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,602 | €144,911 | +€9,309 | +6.9% |
| Distributable reserves | 133 | €135,602 | €144,911 | +€9,309 | +6.9% |
| Amounts payable | 17/49 | €540,388 | €529,711 | -€10,677 | -2.0% |
| Amounts payable after more than one year | 17 | €209,008 | €156,480 | -€52,528 | -25.1% |
| Financial debts | 170/4 | €190,779 | €156,480 | -€34,299 | -18.0% |
| Other amounts payable | 178/9 | €18,229 | €0 | -€18,229 | -100% |
| Amounts payable within one year | 42/48 | €323,462 | €365,313 | +€41,851 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €82,498 | €52,528 | -€29,970 | -36.3% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100% |
| Trade debts | 44 | €163,875 | €282,173 | +€118,298 | +72.2% |
| Suppliers | 440/4 | €163,875 | €282,173 | +€118,298 | +72.2% |
| Advances received on contracts in progress | 46 | €13,655 | €20,109 | +€6,454 | +47.3% |
| Taxes, remuneration and social security | 45 | €19,191 | €10,503 | -€8,688 | -45.3% |
| Taxes | 450/3 | €12,761 | €10,503 | -€2,258 | -17.7% |
| Remuneration and social security | 454/9 | €6,431 | €0 | -€6,431 | -100% |
| Other amounts payable | 47/48 | €4,243 | €0 | -€4,243 | -100% |
| Accrued charges and deferred income | 492/3 | €7,918 | €7,918 | = | 0.0% |
| Non-recurring operating income | 76A | €26,129 | €37,242 | +€11,113 | +42.5% |
| Remuneration, social security and pensions | 62 | €35,262 | €44,166 | +€8,904 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,352 | €65,038 | -€1,313 | -2.0% |
| Other operating charges | 640/8 | €10,184 | €11,397 | +€1,213 | +11.9% |
| Non-recurring operating charges | 66A | €0 | €1,425 | +€1,425 | |
| Gross operating margin | 9900 | €236,554 | €158,859 | -€77,694 | -32.8% |
| Operating profit (loss) | 9901 | €124,756 | €36,832 | -€87,923 | -70.5% |
| Financial income | 75/76B | €584 | €1,279 | +€695 | +119% |
| Recurring financial income | 75 | €584 | €1,279 | +€695 | +119% |
| Financial charges | 65/66B | €20,475 | €22,178 | +€1,702 | +8.3% |
| Recurring financial charges | 65 | €20,475 | €22,178 | +€1,702 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €104,865 | €15,934 | -€88,931 | -84.8% |
| Income taxes | 67/77 | €30,332 | €6,625 | -€23,707 | -78.2% |
| Profit (loss) for the period | 9904 | €74,532 | €9,309 | -€65,224 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,532 | €9,309 | -€65,224 | -87.5% |
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 26 October 2026 via checked.be.