WAJNBROSSE: 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.
WAJNBROSSE
Largest movements
- Intangible fixed assets -€169,665
down €169,665 (-31.0%), from €548,036 to €378,371
- Receivables within one year -€11,153
down €11,153 (-20.2%), from €55,209 to €44,056
of which Trade receivables: -€18,638
- Tangible fixed assets -€9,250
down €9,250 (-37.4%), from €24,721 to €15,471
of which Furniture and vehicles: -€5,888
- Profit (loss) carried forward -€217,562
down €217,562 (-98.2%), from -€221,657 to -€439,219
- Other debts +€69,559
up €69,559 (+21.2%), from €328,296 to €397,855
- Investment grants -€60,000
down €60,000 (-49.0%), from €122,430 to €62,430
- Trade debts +€11,776
up €11,776 (+113%), from €10,427 to €22,203
- Depreciation +€254,724
up €254,724 (+2,464%), from €10,338 to €265,062
- Financial income +€72,000
new in 2025: €72,000
- Gross operating margin -€26,727
down €26,727 (-84.5%), from €31,618 to €4,891
- Staff costs -€14,110
down €14,110 (-42.5%), from €33,176 to €19,066
- Other operating charges +€6,724
up €6,724 (+319%), from €2,108 to €8,832
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 | €644,138 | €448,039 | -€196,099 | -30.4% |
| Fixed assets | 21/28 | €575,619 | €396,704 | -€178,915 | -31.1% |
| Intangible fixed assets | 21 | €548,036 | €378,371 | -€169,665 | -31.0% |
| Tangible fixed assets | 22/27 | €24,721 | €15,471 | -€9,250 | -37.4% |
| Plant, machinery and equipment | 23 | €3,521 | €1,538 | -€1,983 | -56.3% |
| Furniture and vehicles | 24 | €15,478 | €9,590 | -€5,888 | -38.0% |
| Other tangible fixed assets | 26 | €5,722 | €4,344 | -€1,379 | -24.1% |
| Financial fixed assets | 28 | €2,862 | €2,862 | = | 0.0% |
| Current assets | 29/58 | €68,519 | €51,335 | -€17,185 | -25.1% |
| Amounts receivable within one year | 40/41 | €55,209 | €44,056 | -€11,153 | -20.2% |
| Trade receivables | 40 | €50,809 | €32,172 | -€18,638 | -36.7% |
| Other amounts receivable | 41 | €4,400 | €11,884 | +€7,485 | +170% |
| Cash at bank and in hand | 54/58 | €10,536 | €4,747 | -€5,789 | -54.9% |
| Deferred charges and accrued income | 490/1 | €2,775 | €2,532 | -€243 | -8.8% |
| Total equity and liabilities | 10/49 | €644,138 | €448,039 | -€196,099 | -30.4% |
| Equity | 10/15 | -€48,976 | -€326,539 | -€277,562 | -567% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,250 | €25,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,750 | €22,750 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,657 | -€439,219 | -€217,562 | -98.2% |
| Investment grants | 15 | €122,430 | €62,430 | -€60,000 | -49.0% |
| Amounts payable | 17/49 | €693,115 | €774,577 | +€81,463 | +11.8% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €343,115 | €424,577 | +€81,463 | +23.7% |
| Financial debts | 43 | €58 | €57 | -€0 | -0.2% |
| Credit institutions | 430/8 | €58 | €57 | -€0 | -0.2% |
| Trade debts | 44 | €10,427 | €22,203 | +€11,776 | +113% |
| Suppliers | 440/4 | €10,427 | €22,203 | +€11,776 | +113% |
| Taxes, remuneration and social security | 45 | €4,334 | €4,462 | +€128 | +2.9% |
| Taxes | 450/3 | €1,305 | €1,049 | -€256 | -19.6% |
| Remuneration and social security | 454/9 | €3,029 | €3,413 | +€384 | +12.7% |
| Other amounts payable | 47/48 | €328,296 | €397,855 | +€69,559 | +21.2% |
| Remuneration, social security and pensions | 62 | €33,176 | €19,066 | -€14,110 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,338 | €265,062 | +€254,724 | +2,464% |
| Other operating charges | 640/8 | €2,108 | €8,832 | +€6,724 | +319% |
| Gross operating margin | 9900 | €31,618 | €4,891 | -€26,727 | -84.5% |
| Operating profit (loss) | 9901 | -€14,003 | -€288,069 | -€274,066 | -1,957% |
| Financial income | 75/76B | - | €72,000 | +€72,000 | |
| Recurring financial income | 75 | - | €72,000 | +€72,000 | |
| Financial charges | 65/66B | €1,084 | €1,085 | +€0 | 0.0% |
| Recurring financial charges | 65 | €1,084 | €1,085 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,087 | -€217,153 | -€202,066 | -1,339% |
| Income taxes | 67/77 | €640 | €409 | -€231 | -36.1% |
| Profit (loss) for the period | 9904 | -€15,728 | -€217,562 | -€201,835 | -1,283% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,728 | -€217,562 | -€201,835 | -1,283% |
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 26 October 2026 via checked.be.