WAJOW: 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.
WAJOW
Largest movements
- Receivables within one year -€90,713
down €90,713 (-80.6%), from €112,539 to €21,826
of which Trade receivables: -€104,275
- Stocks and contracts +€55,384
up €55,384 (+280%), from €19,750 to €75,134
- Deferred charges and accrued income +€44,095
up €44,095 (+19,473%), from €226 to €44,322
- Other debts +€17,133
up €17,133 (+24.4%), from €70,077 to €87,210
- Trade debts -€6,099
down €6,099 (-34.1%), from €17,898 to €11,799
- Reserves +€5,991
up €5,991 (+63.6%), from €9,413 to €15,404
of which Distributable reserves: +€5,991
- Profit (loss) carried forward -€5,976
no longer reported in 2025 (was €5,976)
- Tax, wage and social debts -€1,728
down €1,728 (-11.1%), from €15,583 to €13,855
of which Remuneration and social security: -€2,451
- Gross operating margin -€21,329
down €21,329 (-22.1%), from €96,676 to €75,347
- Staff costs -€20,946
down €20,946 (-22.4%), from €93,361 to €72,415
- Taxes +€1,723
up €1,723 (+480%), from €359 to €2,082
- Depreciation -€1,040
no longer reported in 2025 (was €1,040)
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 | €138,189 | €146,983 | +€8,794 | +6.4% |
| Fixed assets | 21/28 | €4,745 | €4,745 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,745 | €4,745 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,745 | €4,745 | = | 0.0% |
| Current assets | 29/58 | €133,444 | €142,238 | +€8,794 | +6.6% |
| Stocks and contracts in progress | 3 | €19,750 | €75,134 | +€55,384 | +280% |
| Contracts in progress | 37 | €19,750 | €75,134 | +€55,384 | +280% |
| Amounts receivable within one year | 40/41 | €112,539 | €21,826 | -€90,713 | -80.6% |
| Trade receivables | 40 | €107,340 | €3,065 | -€104,275 | -97.1% |
| Other amounts receivable | 41 | €5,199 | €18,761 | +€13,562 | +261% |
| Cash at bank and in hand | 54/58 | €929 | €957 | +€28 | +3.1% |
| Deferred charges and accrued income | 490/1 | €226 | €44,322 | +€44,095 | +19,473% |
| Total equity and liabilities | 10/49 | €138,189 | €146,983 | +€8,794 | +6.4% |
| Equity | 10/15 | €33,989 | €34,004 | +€15 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,413 | €15,404 | +€5,991 | +63.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,553 | €13,544 | +€5,991 | +79.3% |
| Profit (loss) carried forward | 14 | €5,976 | - | -€5,976 | |
| Amounts payable | 17/49 | €104,200 | €112,979 | +€8,779 | +8.4% |
| Amounts payable within one year | 42/48 | €103,558 | €112,864 | +€9,306 | +9.0% |
| Trade debts | 44 | €17,898 | €11,799 | -€6,099 | -34.1% |
| Suppliers | 440/4 | €17,898 | €11,799 | -€6,099 | -34.1% |
| Taxes, remuneration and social security | 45 | €15,583 | €13,855 | -€1,728 | -11.1% |
| Taxes | 450/3 | €1,859 | €2,582 | +€723 | +38.9% |
| Remuneration and social security | 454/9 | €13,724 | €11,273 | -€2,451 | -17.9% |
| Other amounts payable | 47/48 | €70,077 | €87,210 | +€17,133 | +24.4% |
| Accrued charges and deferred income | 492/3 | €642 | €115 | -€526 | -82.0% |
| Remuneration, social security and pensions | 62 | €93,361 | €72,415 | -€20,946 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | - | -€1,040 | |
| Other operating charges | 640/8 | €690 | €120 | -€570 | -82.6% |
| Gross operating margin | 9900 | €96,676 | €75,347 | -€21,329 | -22.1% |
| Operating profit (loss) | 9901 | €1,585 | €2,812 | +€1,227 | +77.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,028 | €715 | -€313 | -30.5% |
| Recurring financial charges | 65 | €28 | €715 | +€687 | +2,439% |
| Non-recurring financial charges | 66B | €1,000 | - | -€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €558 | €2,097 | +€1,540 | +276% |
| Income taxes | 67/77 | €359 | €2,082 | +€1,723 | +480% |
| Profit (loss) for the period | 9904 | €198 | €15 | -€183 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198 | €15 | -€183 | -92.4% |
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 18 October 2026 via checked.be.