WAHDAT: 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.
WAHDAT
Largest movements
- Cash +€3,493
up €3,493 (+23.0%), from €15,179 to €18,672
mainly Depreciation (+€5,602) and Net result for the year (+€3,603)
- Tangible fixed assets -€3,116
down €3,116 (-19.2%), from €16,245 to €13,129
of which Furniture and vehicles: -€4,485
- Stocks and contracts +€2,850
up €2,850 (+13.0%), from €22,000 to €24,850
- Intangible fixed assets -€1,000
down €1,000 (-20.0%), from €5,000 to €4,000
- Profit (loss) carried forward +€3,603
up €3,603 (+45.9%), from €7,851 to €11,453
- Tax, wage and social debts +€1,400
up €1,400 (+23.7%), from €5,899 to €7,300
of which Taxes: +€1,400
- Other debts -€1,285
down €1,285 (-5.0%), from €25,787 to €24,502
- Trade debts -€848
down €848 (-5.2%), from €16,378 to €15,530
- Gross operating margin -€14,510
down €14,510 (-51.3%), from €28,279 to €13,769
- Staff costs -€7,737
no longer reported in 2025 (was €7,737)
- Financial charges +€2,938
up €2,938 (+491.9%), from €597 to €3,535
- Other operating charges -€2,406
down €2,406 (-90.7%), from €2,653 to €247
- Taxes -€1,531
down €1,531 (-66.2%), from €2,313 to €782
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 | €61,566 | €64,436 | +€2,870 | +4.7% |
| Fixed assets | 21/28 | €21,245 | €17,129 | -€4,116 | -19.4% |
| Intangible fixed assets | 21 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Tangible fixed assets | 22/27 | €16,245 | €13,129 | -€3,116 | -19.2% |
| Plant, machinery and equipment | 23 | - | €1,370 | +€1,370 | |
| Furniture and vehicles | 24 | €16,245 | €11,760 | -€4,485 | -27.6% |
| Current assets | 29/58 | €40,321 | €47,307 | +€6,986 | +17.3% |
| Stocks and contracts in progress | 3 | €22,000 | €24,850 | +€2,850 | +13.0% |
| Stocks | 30/36 | €22,000 | €24,850 | +€2,850 | +13.0% |
| Amounts receivable within one year | 40/41 | €3,142 | €3,784 | +€642 | +20.4% |
| Trade receivables | 40 | €1,584 | €3,539 | +€1,955 | +123.4% |
| Other amounts receivable | 41 | €1,558 | €245 | -€1,313 | -84.3% |
| Cash at bank and in hand | 54/58 | €15,179 | €18,672 | +€3,493 | +23.0% |
| Total equity and liabilities | 10/49 | €61,566 | €64,436 | +€2,870 | +4.7% |
| Equity | 10/15 | €13,502 | €17,104 | +€3,603 | +26.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €651 | €651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €651 | €651 | = | 0.0% |
| Reserves not available under the articles | 1311 | €651 | €651 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,851 | €11,453 | +€3,603 | +45.9% |
| Amounts payable | 17/49 | €48,065 | €47,332 | -€733 | -1.5% |
| Amounts payable within one year | 42/48 | €48,065 | €47,332 | -€733 | -1.5% |
| Trade debts | 44 | €16,378 | €15,530 | -€848 | -5.2% |
| Suppliers | 440/4 | €16,378 | €15,530 | -€848 | -5.2% |
| Taxes, remuneration and social security | 45 | €5,899 | €7,300 | +€1,400 | +23.7% |
| Taxes | 450/3 | €2,531 | €3,931 | +€1,400 | +55.3% |
| Remuneration and social security | 454/9 | €3,368 | €3,368 | = | 0.0% |
| Other amounts payable | 47/48 | €25,787 | €24,502 | -€1,285 | -5.0% |
| Remuneration, social security and pensions | 62 | €7,737 | - | -€7,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,485 | €5,602 | +€116 | +2.1% |
| Other operating charges | 640/8 | €2,653 | €247 | -€2,406 | -90.7% |
| Gross operating margin | 9900 | €28,279 | €13,769 | -€14,510 | -51.3% |
| Operating profit (loss) | 9901 | €12,404 | €7,920 | -€4,484 | -36.1% |
| Financial charges | 65/66B | €597 | €3,535 | +€2,938 | +491.9% |
| Recurring financial charges | 65 | €597 | €3,535 | +€2,938 | +491.9% |
| Profit (loss) for the period before taxes | 9903 | €11,807 | €4,385 | -€7,422 | -62.9% |
| Income taxes | 67/77 | €2,313 | €782 | -€1,531 | -66.2% |
| Profit (loss) for the period | 9904 | €9,494 | €3,603 | -€5,891 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,494 | €3,603 | -€5,891 | -62.1% |
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 9 October 2026 via checked.be.