WAHAS: 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.
WAHAS
Largest movements
- Tangible fixed assets -€93,721
down €93,721 (-15.3%), from €612,103 to €518,382
of which Leasing and similar rights: -€47,732
- Intangible fixed assets +€65,215
up €65,215 (+29.9%), from €218,189 to €283,404
- Receivables within one year -€42,645
down €42,645 (-60.8%), from €70,130 to €27,485
of which Trade receivables: -€38,277
- Cash +€17,693
up €17,693 (+16.5%), from €107,553 to €125,245
mainly Depreciation (+€130,891) and Net result for the year (+€65,147)
- Debts after one year -€86,831
down €86,831 (-17.4%), from €498,243 to €411,412
- Reserves +€42,147
up €42,147 (+26.3%), from €160,134 to €202,281
- Tax, wage and social debts -€12,343
down €12,343 (-13.0%), from €94,841 to €82,498
of which Taxes: -€7,621
- Current portion of long-term debt +€11,123
up €11,123 (+7.4%), from €150,595 to €161,718
- Gross operating margin +€70,908
up €70,908 (+8.7%), from €813,245 to €884,152
- Staff costs +€60,016
up €60,016 (+10.8%), from €555,349 to €615,365
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 | €1,022,915 | €979,483 | -€43,433 | -4.2% |
| Fixed assets | 21/28 | €836,418 | €809,411 | -€27,006 | -3.2% |
| Intangible fixed assets | 21 | €218,189 | €283,404 | +€65,215 | +29.9% |
| Tangible fixed assets | 22/27 | €612,103 | €518,382 | -€93,721 | -15.3% |
| Land and buildings | 22 | €280,364 | €273,985 | -€6,379 | -2.3% |
| Plant, machinery and equipment | 23 | €8,991 | €6,559 | -€2,432 | -27.0% |
| Furniture and vehicles | 24 | €126,377 | €82,473 | -€43,904 | -34.7% |
| Leasing and similar rights | 25 | €190,562 | €142,830 | -€47,732 | -25.0% |
| Other tangible fixed assets | 26 | €5,809 | €12,535 | +€6,726 | +116% |
| Financial fixed assets | 28 | €6,125 | €7,625 | +€1,500 | +24.5% |
| Current assets | 29/58 | €186,498 | €170,071 | -€16,426 | -8.8% |
| Amounts receivable within one year | 40/41 | €70,130 | €27,485 | -€42,645 | -60.8% |
| Trade receivables | 40 | €64,239 | €25,962 | -€38,277 | -59.6% |
| Other amounts receivable | 41 | €5,890 | €1,522 | -€4,368 | -74.2% |
| Cash at bank and in hand | 54/58 | €107,553 | €125,245 | +€17,693 | +16.5% |
| Deferred charges and accrued income | 490/1 | €8,816 | €17,341 | +€8,526 | +96.7% |
| Total equity and liabilities | 10/49 | €1,022,915 | €979,483 | -€43,433 | -4.2% |
| Equity | 10/15 | €200,134 | €242,281 | +€42,147 | +21.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €160,134 | €202,281 | +€42,147 | +26.3% |
| Distributable reserves | 133 | €160,134 | €202,281 | +€42,147 | +26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €822,781 | €737,202 | -€85,579 | -10.4% |
| Amounts payable after more than one year | 17 | €498,243 | €411,412 | -€86,831 | -17.4% |
| Financial debts | 170/4 | €498,243 | €411,412 | -€86,831 | -17.4% |
| Amounts payable within one year | 42/48 | €323,588 | €324,840 | +€1,252 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €150,595 | €161,718 | +€11,123 | +7.4% |
| Financial debts | 43 | €20,226 | €19,134 | -€1,093 | -5.4% |
| Credit institutions | 430/8 | €20,226 | €19,134 | -€1,093 | -5.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €40,570 | €37,886 | -€2,685 | -6.6% |
| Suppliers | 440/4 | €40,570 | €37,886 | -€2,685 | -6.6% |
| Taxes, remuneration and social security | 45 | €94,841 | €82,498 | -€12,343 | -13.0% |
| Taxes | 450/3 | €45,754 | €38,133 | -€7,621 | -16.7% |
| Remuneration and social security | 454/9 | €49,087 | €44,365 | -€4,722 | -9.6% |
| Other amounts payable | 47/48 | €17,356 | €23,605 | +€6,249 | +36.0% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Non-recurring operating income | 76A | €4,360 | €0 | -€4,360 | -100% |
| Remuneration, social security and pensions | 62 | €555,349 | €615,365 | +€60,016 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,696 | €130,891 | -€2,805 | -2.1% |
| Other operating charges | 640/8 | €5,619 | €8,660 | +€3,041 | +54.1% |
| Non-recurring operating charges | 66A | €9,464 | €1,264 | -€8,200 | -86.6% |
| Gross operating margin | 9900 | €813,245 | €884,152 | +€70,908 | +8.7% |
| Operating profit (loss) | 9901 | €109,117 | €127,972 | +€18,855 | +17.3% |
| Financial income | 75/76B | €371 | €276 | -€95 | -25.6% |
| Recurring financial income | 75 | €371 | €276 | -€95 | -25.6% |
| Financial charges | 65/66B | €24,596 | €30,981 | +€6,384 | +26.0% |
| Recurring financial charges | 65 | €24,596 | €30,981 | +€6,384 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €84,892 | €97,268 | +€12,376 | +14.6% |
| Income taxes | 67/77 | €24,808 | €32,121 | +€7,314 | +29.5% |
| Profit (loss) for the period | 9904 | €60,084 | €65,147 | +€5,062 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,084 | €65,147 | +€5,062 | +8.4% |
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 28 October 2026 via checked.be.