WAFINA: 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.
WAFINA
Largest movements
- Cash -€40,886
down €40,886 (-23.0%), from €177,977 to €137,091
mainly Contributions, distributions and other (-€116,200) and Receivables within one year (-€36,895)
- Receivables within one year +€36,895
up €36,895 (+128.5%), from €28,704 to €65,599
of which Trade receivables: +€36,709
- Tangible fixed assets +€8,779
up €8,779 (+14859.4%), from €59 to €8,838
- Other debts -€14,263
down €14,263 (-8.2%), from €174,021 to €159,758
- Tax, wage and social debts +€12,135
up €12,135 (+68.8%), from €17,648 to €29,783
of which Taxes: +€11,587
- Trade debts +€6,672
up €6,672 (+228.6%), from €2,919 to €9,591
- Gross operating margin +€117,924
up €117,924 (+169.3%), from €69,662 to €187,586
- Taxes +€25,076
up €25,076 (+176.8%), from €14,183 to €39,259
- Staff costs +€10,366
up €10,366 (+72.9%), from €14,225 to €24,591
- Depreciation +€1,955
up €1,955 (+436.1%), from €448 to €2,403
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 | €211,466 | €216,005 | +€4,539 | +2.1% |
| Fixed assets | 21/28 | €264 | €9,784 | +€9,520 | +3604.9% |
| Tangible fixed assets | 22/27 | €59 | €8,838 | +€8,779 | +14859.4% |
| Furniture and vehicles | 24 | €59 | €8,838 | +€8,779 | +14859.4% |
| Financial fixed assets | 28 | €205 | €946 | +€741 | +361.5% |
| Current assets | 29/58 | €211,202 | €206,221 | -€4,981 | -2.4% |
| Amounts receivable within one year | 40/41 | €28,704 | €65,599 | +€36,895 | +128.5% |
| Trade receivables | 40 | €28,704 | €65,413 | +€36,709 | +127.9% |
| Other amounts receivable | 41 | - | €185 | +€185 | |
| Cash at bank and in hand | 54/58 | €177,977 | €137,091 | -€40,886 | -23.0% |
| Deferred charges and accrued income | 490/1 | €4,521 | €3,532 | -€989 | -21.9% |
| Total equity and liabilities | 10/49 | €211,466 | €216,005 | +€4,539 | +2.1% |
| Equity | 10/15 | €16,879 | €16,874 | -€5 | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19 | €14 | -€5 | -25.5% |
| Amounts payable | 17/49 | €194,588 | €199,132 | +€4,544 | +2.3% |
| Amounts payable within one year | 42/48 | €194,588 | €199,132 | +€4,544 | +2.3% |
| Trade debts | 44 | €2,919 | €9,591 | +€6,672 | +228.6% |
| Suppliers | 440/4 | €2,919 | €9,591 | +€6,672 | +228.6% |
| Taxes, remuneration and social security | 45 | €17,648 | €29,783 | +€12,135 | +68.8% |
| Taxes | 450/3 | €15,784 | €27,371 | +€11,587 | +73.4% |
| Remuneration and social security | 454/9 | €1,863 | €2,411 | +€548 | +29.4% |
| Other amounts payable | 47/48 | €174,021 | €159,758 | -€14,263 | -8.2% |
| Remuneration, social security and pensions | 62 | €14,225 | €24,591 | +€10,366 | +72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €2,403 | +€1,955 | +436.1% |
| Other operating charges | 640/8 | €1,607 | €1,373 | -€234 | -14.6% |
| Gross operating margin | 9900 | €69,662 | €187,586 | +€117,924 | +169.3% |
| Operating profit (loss) | 9901 | €53,382 | €159,219 | +€105,837 | +198.3% |
| Financial income | 75/76B | €676 | €67 | -€609 | -90.1% |
| Recurring financial income | 75 | €676 | €67 | -€609 | -90.1% |
| Financial charges | 65/66B | €4,491 | €3,832 | -€660 | -14.7% |
| Recurring financial charges | 65 | €4,491 | €3,832 | -€660 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €49,566 | €155,454 | +€105,888 | +213.6% |
| Income taxes | 67/77 | €14,183 | €39,259 | +€25,076 | +176.8% |
| Profit (loss) for the period | 9904 | €35,383 | €116,195 | +€80,813 | +228.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,383 | €116,195 | +€80,813 | +228.4% |
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 12 October 2026 via checked.be.