WAJM: 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.
WAJM
Largest movements
- Cash +€43,778
up €43,778 (+1318.3%), from €3,321 to €47,098
mainly Net result for the year (+€43,804) and Deferred charges and accrued income (+€30,307)
- Deferred charges and accrued income -€30,307
down €30,307 (-55.5%), from €54,568 to €24,261
- Receivables within one year +€10,543
new in 2025: €10,543
- Tangible fixed assets +€4,272
new in 2025: €4,272
- Profit (loss) carried forward +€43,804
up €43,804 (+117.9%), from €37,165 to €80,968
- Tax, wage and social debts -€12,672
down €12,672 (-100.0%), from €12,672 to €0
- Other debts -€2,058
down €2,058 (-100.0%), from €2,058 to €0
- Gross operating margin +€9,053
up €9,053 (+19.2%), from €47,243 to €56,295
- Taxes +€1,927
up €1,927 (+20.3%), from €9,472 to €11,399
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 | €57,889 | €86,174 | +€28,285 | +48.9% |
| Fixed assets | 21/28 | - | €4,272 | +€4,272 | |
| Tangible fixed assets | 22/27 | - | €4,272 | +€4,272 | |
| Plant, machinery and equipment | 23 | - | €4,272 | +€4,272 | |
| Current assets | 29/58 | €57,889 | €81,902 | +€24,013 | +41.5% |
| Amounts receivable within one year | 40/41 | - | €10,543 | +€10,543 | |
| Other amounts receivable | 41 | - | €10,543 | +€10,543 | |
| Cash at bank and in hand | 54/58 | €3,321 | €47,098 | +€43,778 | +1318.3% |
| Deferred charges and accrued income | 490/1 | €54,568 | €24,261 | -€30,307 | -55.5% |
| Total equity and liabilities | 10/49 | €57,889 | €86,174 | +€28,285 | +48.9% |
| Equity | 10/15 | €39,665 | €83,468 | +€43,804 | +110.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,165 | €80,968 | +€43,804 | +117.9% |
| Amounts payable | 17/49 | €18,224 | €2,705 | -€15,519 | -85.2% |
| Amounts payable within one year | 42/48 | €16,555 | €1,013 | -€15,542 | -93.9% |
| Trade debts | 44 | €1,824 | €1,013 | -€811 | -44.5% |
| Suppliers | 440/4 | €1,824 | €1,013 | -€811 | -44.5% |
| Taxes, remuneration and social security | 45 | €12,672 | €0 | -€12,672 | -100.0% |
| Taxes | 450/3 | €12,672 | €0 | -€12,672 | -100.0% |
| Other amounts payable | 47/48 | €2,058 | €0 | -€2,058 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,670 | €1,693 | +€23 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €491 | +€491 | |
| Other operating charges | 640/8 | €565 | €483 | -€83 | -14.6% |
| Gross operating margin | 9900 | €47,243 | €56,295 | +€9,053 | +19.2% |
| Operating profit (loss) | 9901 | €46,677 | €55,322 | +€8,644 | +18.5% |
| Financial charges | 65/66B | €40 | €119 | +€79 | +194.6% |
| Recurring financial charges | 65 | €40 | €119 | +€79 | +194.6% |
| Profit (loss) for the period before taxes | 9903 | €46,637 | €55,203 | +€8,566 | +18.4% |
| Income taxes | 67/77 | €9,472 | €11,399 | +€1,927 | +20.3% |
| Profit (loss) for the period | 9904 | €37,165 | €43,804 | +€6,639 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,165 | €43,804 | +€6,639 | +17.9% |
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 10 October 2026 via checked.be.