WAHWAH: 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.
WAHWAH
Largest movements
- Tangible fixed assets -€2,354
down €2,354 (-21.3%), from €11,057 to €8,703
of which Plant, machinery and equipment: -€1,926
- Cash -€462
down €462 (-10.7%), from €4,309 to €3,847
mainly Net result for the year (-€2,863) and Investment in fixed assets (net) (-€1,449)
- Receivables within one year +€303
new in 2025: €303
- Profit (loss) carried forward -€2,863
down €2,863 (-22.6%), from €12,651 to €9,788
- Debts within one year +€389
up €389 (+13.5%), from €2,881 to €3,270
- Gross operating margin +€1,101
up €1,101, from -€101 to €1,000
- Depreciation -€384
down €384 (-9.2%), from €4,187 to €3,803
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 | €15,547 | €13,073 | -€2,474 | -15.9% |
| Fixed assets | 21/28 | €11,057 | €8,703 | -€2,354 | -21.3% |
| Tangible fixed assets | 22/27 | €11,057 | €8,703 | -€2,354 | -21.3% |
| Plant, machinery and equipment | 23 | €6,393 | €4,467 | -€1,926 | -30.1% |
| Furniture and vehicles | 24 | €4,664 | €4,235 | -€428 | -9.2% |
| Current assets | 29/58 | €4,490 | €4,370 | -€120 | -2.7% |
| Amounts receivable within one year | 40/41 | - | €303 | +€303 | |
| Trade receivables | 40 | - | €303 | +€303 | |
| Cash at bank and in hand | 54/58 | €4,309 | €3,847 | -€462 | -10.7% |
| Deferred charges and accrued income | 490/1 | €181 | €221 | +€39 | +21.7% |
| Total equity and liabilities | 10/49 | €15,547 | €13,073 | -€2,474 | -15.9% |
| Equity | 10/15 | €12,651 | €9,788 | -€2,863 | -22.6% |
| Profit (loss) carried forward | 14 | €12,651 | €9,788 | -€2,863 | -22.6% |
| Amounts payable | 17/49 | €2,896 | €3,285 | +€389 | +13.4% |
| Amounts payable within one year | 42/48 | €2,881 | €3,270 | +€389 | +13.5% |
| Trade debts | 44 | €64 | €0 | -€64 | -100% |
| Suppliers | 440/4 | €64 | €0 | -€64 | -100% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,187 | €3,803 | -€384 | -9.2% |
| Gross operating margin | 9900 | -€101 | €1,000 | +€1,101 | |
| Operating profit (loss) | 9901 | -€4,288 | -€2,803 | +€1,485 | +34.6% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,348 | -€2,863 | +€1,485 | +34.2% |
| Profit (loss) for the period | 9904 | -€4,348 | -€2,863 | +€1,485 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,348 | -€2,863 | +€1,485 | +34.2% |
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 31 October 2026 via checked.be.