WAKC: 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.
WAKC
Largest movements
- Current investments +€141,410
up €141,410 (+81.0%), from €174,591 to €316,000
- Cash -€114,569
down €114,569 (-39.9%), from €286,875 to €172,306
mainly Contributions, distributions and other (-€350,000) and Current investments (-€141,410)
- Tangible fixed assets -€13,767
down €13,767 (-24.2%), from €56,866 to €43,100
of which Furniture and vehicles: -€12,218
- Other debts +€204,960
up €204,960 (+67.9%), from €301,808 to €506,768
- Profit (loss) carried forward -€185,614
down €185,614 (-89.0%), from €208,621 to €23,007
- Gross operating margin -€10,948
down €10,948 (-4.3%), from €253,955 to €243,007
- Financial charges +€8,247
up €8,247 (+7846.0%), from €105 to €8,352
- Taxes -€6,727
down €6,727 (-10.5%), from €64,185 to €57,459
- Financial income -€3,102
down €3,102 (-55.0%), from €5,637 to €2,535
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 | €543,259 | €557,771 | +€14,511 | +2.7% |
| Fixed assets | 21/28 | €56,866 | €43,100 | -€13,767 | -24.2% |
| Tangible fixed assets | 22/27 | €56,866 | €43,100 | -€13,767 | -24.2% |
| Land and buildings | 22 | €14,723 | €12,429 | -€2,294 | -15.6% |
| Plant, machinery and equipment | 23 | - | €745 | +€745 | |
| Furniture and vehicles | 24 | €42,144 | €29,926 | -€12,218 | -29.0% |
| Current assets | 29/58 | €486,393 | €514,671 | +€28,278 | +5.8% |
| Amounts receivable within one year | 40/41 | €22,798 | €24,215 | +€1,417 | +6.2% |
| Trade receivables | 40 | €1,709 | €0 | -€1,709 | -100.0% |
| Other amounts receivable | 41 | €21,088 | €24,215 | +€3,127 | +14.8% |
| Current investments | 50/53 | €174,591 | €316,000 | +€141,410 | +81.0% |
| Cash at bank and in hand | 54/58 | €286,875 | €172,306 | -€114,569 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,130 | €2,150 | +€20 | +0.9% |
| Total equity and liabilities | 10/49 | €543,259 | €557,771 | +€14,511 | +2.7% |
| Equity | 10/15 | €211,121 | €25,507 | -€185,614 | -87.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,621 | €23,007 | -€185,614 | -89.0% |
| Amounts payable | 17/49 | €332,139 | €532,264 | +€200,125 | +60.3% |
| Amounts payable within one year | 42/48 | €332,139 | €532,264 | +€200,125 | +60.3% |
| Trade debts | 44 | €1,669 | €1,804 | +€134 | +8.0% |
| Suppliers | 440/4 | €1,669 | €1,804 | +€134 | +8.0% |
| Taxes, remuneration and social security | 45 | €28,662 | €23,692 | -€4,969 | -17.3% |
| Taxes | 450/3 | €28,662 | €23,692 | -€4,969 | -17.3% |
| Other amounts payable | 47/48 | €301,808 | €506,768 | +€204,960 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,888 | €14,829 | +€1,941 | +15.1% |
| Other operating charges | 640/8 | €565 | €516 | -€49 | -8.7% |
| Gross operating margin | 9900 | €253,955 | €243,007 | -€10,948 | -4.3% |
| Operating profit (loss) | 9901 | €240,501 | €227,662 | -€12,839 | -5.3% |
| Financial income | 75/76B | €5,637 | €2,535 | -€3,102 | -55.0% |
| Recurring financial income | 75 | €5,637 | €2,535 | -€3,102 | -55.0% |
| Financial charges | 65/66B | €105 | €8,352 | +€8,247 | +7846.0% |
| Recurring financial charges | 65 | €105 | €8,352 | +€8,247 | +7846.0% |
| Profit (loss) for the period before taxes | 9903 | €246,033 | €221,844 | -€24,189 | -9.8% |
| Income taxes | 67/77 | €64,185 | €57,459 | -€6,727 | -10.5% |
| Profit (loss) for the period | 9904 | €181,848 | €164,386 | -€17,462 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €181,848 | €164,386 | -€17,462 | -9.6% |
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.