WAK: 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.
WAK
Largest movements
- Tangible fixed assets -€1,241
down €1,241 (-54.2%), from €2,288 to €1,047
- Receivables within one year +€333
up €333 (+20.7%), from €1,605 to €1,938
- Cash -€107
down €107 (-72.8%), from €147 to €40
mainly Net result for the year (-€3,291) and Trade debts (-€554)
- Profit (loss) carried forward -€3,291
down €3,291 (-31.0%), from -€10,622 to -€13,913
- Other debts +€2,830
up €2,830 (+46.2%), from €6,131 to €8,961
- Trade debts -€554
no longer reported in 2025 (was €554)
- Depreciation -€582
down €582 (-31.9%), from €1,823 to €1,241
- Gross operating margin +€147
up €147 (+6.8%), from -€2,157 to -€2,010
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 | €4,740 | €3,725 | -€1,015 | -21.4% |
| Fixed assets | 21/28 | €2,288 | €1,047 | -€1,241 | -54.2% |
| Tangible fixed assets | 22/27 | €2,288 | €1,047 | -€1,241 | -54.2% |
| Furniture and vehicles | 24 | €2,288 | €1,047 | -€1,241 | -54.2% |
| Current assets | 29/58 | €2,452 | €2,678 | +€226 | +9.2% |
| Stocks and contracts in progress | 3 | €700 | €700 | = | 0.0% |
| Stocks | 30/36 | €700 | €700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,605 | €1,938 | +€333 | +20.7% |
| Other amounts receivable | 41 | €1,605 | €1,938 | +€333 | +20.7% |
| Cash at bank and in hand | 54/58 | €147 | €40 | -€107 | -72.8% |
| Total equity and liabilities | 10/49 | €4,740 | €3,725 | -€1,015 | -21.4% |
| Equity | 10/15 | -€1,945 | -€5,236 | -€3,291 | -169% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,177 | €7,177 | = | 0.0% |
| Distributable reserves | 133 | €7,177 | €7,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,622 | -€13,913 | -€3,291 | -31.0% |
| Amounts payable | 17/49 | €6,685 | €8,961 | +€2,276 | +34.0% |
| Amounts payable within one year | 42/48 | €6,685 | €8,961 | +€2,276 | +34.0% |
| Trade debts | 44 | €554 | - | -€554 | |
| Suppliers | 440/4 | €554 | - | -€554 | |
| Other amounts payable | 47/48 | €6,131 | €8,961 | +€2,830 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,823 | €1,241 | -€582 | -31.9% |
| Gross operating margin | 9900 | -€2,157 | -€2,010 | +€147 | +6.8% |
| Operating profit (loss) | 9901 | -€3,980 | -€3,251 | +€729 | +18.3% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +2.6% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,019 | -€3,291 | +€728 | +18.1% |
| Profit (loss) for the period | 9904 | -€4,019 | -€3,291 | +€728 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,019 | -€3,291 | +€728 | +18.1% |
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 14 October 2026 via checked.be.