WAINUI: what changed
Two fiscal 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.
WAINUI
Largest movements
- Receivables within one year -€149,519
down €149,519 (-63.4%), from €235,811 to €86,292
of which Other amounts receivable: -€166,724
- Cash -€139,151
down €139,151 (-59.9%), from €232,404 to €93,253
mainly Contributions, distributions and other (-€245,882) and Investment in fixed assets (net) (-€38,754)
- Tangible fixed assets +€31,258
up €31,258 (+578.4%), from €5,404 to €36,662
of which Furniture and vehicles: +€31,589
- Reserves -€245,882
down €245,882 (-64.4%), from €381,596 to €135,713
- Profit (loss) carried forward -€24,061
new in 2025: -€24,061
- Debts after one year +€23,813
new in 2025: €23,813
- Tax, wage and social debts -€14,078
down €14,078 (-15.4%), from €91,703 to €77,624
- Current portion of long-term debt +€8,666
new in 2025: €8,666
- Gross operating margin -€306,906
down €306,906, from €281,809 to -€25,098
- Taxes -€67,550
down €67,550 (-99.8%), from €67,691 to €141
- Depreciation +€4,080
up €4,080 (+212.9%), from €1,916 to €5,996
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 | €479,179 | €224,303 | -€254,877 | -53.2% |
| Fixed assets | 21/28 | €10,964 | €43,722 | +€32,758 | +298.8% |
| Tangible fixed assets | 22/27 | €5,404 | €36,662 | +€31,258 | +578.4% |
| Plant, machinery and equipment | 23 | €1,318 | €987 | -€330 | -25.1% |
| Furniture and vehicles | 24 | €4,087 | €35,675 | +€31,589 | +773.0% |
| Financial fixed assets | 28 | €5,560 | €7,060 | +€1,500 | +27.0% |
| Current assets | 29/58 | €468,215 | €180,580 | -€287,635 | -61.4% |
| Amounts receivable within one year | 40/41 | €235,811 | €86,292 | -€149,519 | -63.4% |
| Trade receivables | 40 | €1,089 | €18,293 | +€17,204 | +1579.8% |
| Other amounts receivable | 41 | €234,722 | €67,998 | -€166,724 | -71.0% |
| Cash at bank and in hand | 54/58 | €232,404 | €93,253 | -€139,151 | -59.9% |
| Deferred charges and accrued income | 490/1 | - | €1,036 | +€1,036 | |
| Total equity and liabilities | 10/49 | €479,179 | €224,303 | -€254,877 | -53.2% |
| Equity | 10/15 | €383,596 | €113,652 | -€269,944 | -70.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €381,596 | €135,713 | -€245,882 | -64.4% |
| Distributable reserves | 133 | €381,596 | €135,713 | -€245,882 | -64.4% |
| Profit (loss) carried forward | 14 | - | -€24,061 | -€24,061 | |
| Amounts payable | 17/49 | €95,584 | €110,651 | +€15,067 | +15.8% |
| Amounts payable after more than one year | 17 | - | €23,813 | +€23,813 | |
| Financial debts | 170/4 | - | €23,813 | +€23,813 | |
| Amounts payable within one year | 42/48 | €95,584 | €86,838 | -€8,746 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,666 | +€8,666 | |
| Financial debts | 43 | €1,453 | €106 | -€1,346 | -92.7% |
| Credit institutions | 430/8 | €1,453 | €106 | -€1,346 | -92.7% |
| Trade debts | 44 | €2,428 | €441 | -€1,988 | -81.9% |
| Suppliers | 440/4 | €2,428 | €441 | -€1,988 | -81.9% |
| Taxes, remuneration and social security | 45 | €91,703 | €77,624 | -€14,078 | -15.4% |
| Taxes | 450/3 | €91,703 | €77,624 | -€14,078 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €5,996 | +€4,080 | +212.9% |
| Other operating charges | 640/8 | €511 | €1,851 | +€1,340 | +261.9% |
| Gross operating margin | 9900 | €281,809 | -€25,098 | -€306,906 | |
| Operating profit (loss) | 9901 | €279,381 | -€32,945 | -€312,326 | |
| Financial income | 75/76B | €7,123 | €9,879 | +€2,756 | +38.7% |
| Recurring financial income | 75 | €7,123 | €9,879 | +€2,756 | +38.7% |
| Financial charges | 65/66B | €1,031 | €854 | -€176 | -17.1% |
| Recurring financial charges | 65 | €1,031 | €854 | -€176 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €285,473 | -€23,920 | -€309,393 | |
| Income taxes | 67/77 | €67,691 | €141 | -€67,550 | -99.8% |
| Profit (loss) for the period | 9904 | €217,782 | -€24,061 | -€241,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,782 | -€24,061 | -€241,843 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.