WAMA-BEEF: what changed
Two fiscal 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.
What changed
WAMA-BEEF
NACE 73.200, Market research and public opinion polling
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2023 · -€431,498-€1.0m
Equity
€384,753
2023 · €1.9m-€1.5m
Cash
€246,937
2023 · €325,930-€78,993
Balance sheet total
€9.8m
2023 · €10.9m-€1.2m
Largest movements
Assets
- Receivables within one year -€633,841
down €633,841 (-15.4%), from €4.1m to €3.5m
of which Trade receivables: -€607,984
- Intangible fixed assets -€149,072
down €149,072 (-32.7%), from €456,248 to €307,176
- Stocks and contracts -€140,467
down €140,467 (-31.0%), from €453,647 to €313,180
- Tangible fixed assets -€125,379
down €125,379 (-2.3%), from €5.5m to €5.3m
of which Plant, machinery and equipment: -€72,247
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-177.8%), from -€828,622 to -€2.3m
- Trade debts +€997,744
up €997,744 (+25.4%), from €3.9m to €4.9m
- Debts after one year -€535,236
down €535,236 (-21.3%), from €2.5m to €2.0m
of which Financial debts: -€535,236
- Short-term financial debts -€113,600
down €113,600 (-6.6%), from €1.7m to €1.6m
Income statement
- Goods and materials +€6.5m
up €6.5m (+53.1%), from €12.3m to €18.8m
of which Purchases: +€6.1m
- Turnover +€6.1m
up €6.1m (+33.2%), from €18.4m to €24.5m
- Services and other goods -€599,728
down €599,728 (-13.1%), from €4.6m to €4.0m
- Other operating income -€463,963
down €463,963 (-43.2%), from €1.1m to €610,144
- Write-downs +€300,627
up €300,627 (+435.3%), from €69,062 to €369,689
From the 2023 result to the 2024 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.
Result 2023
-€431,498
Turnover
+€6.1m
Other operating income
-€463,963
Goods and materials
-€6.5m
Services and other goods
+€599,728
Staff costs
-€210,207
Depreciation
-€40,667
Write-downs
-€300,627
Other operating charges
-€29,495
Other operating items
-€407,910
Financial income
+€19,899
Financial charges
+€175,353
Taxes
-€2,310
Result 2024
-€1.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.0m
Investment
-€501,984
Financing
-€603,537
Cash 2023
€325,930
From operations (derived)
+€1.0m
Net result for the year
-€1.5m
Depreciation
+€779,923
Stocks and contracts
+€140,467
Receivables within one year
+€633,841
Deferred charges and accrued income
+€31,981
Trade debts
+€997,744
Tax, wage and social debts
-€103,350
Advances received
-€113
Accrued charges and deferred income
+€19,246
Investment (derived)
-€501,984
Investment in fixed assets (net)
-€501,984
Financing
-€603,537
Debts after one year
-€535,236
Current portion of long-term debt
+€72,182
Short-term financial debts
-€113,600
Contributions, distributions and other
-€26,882
Cash 2024
€246,937
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,925,057 | €9,761,835 | -€1.2m | -10.6% |
| Formation expenses | 20 | €25,320 | €21,464 | -€3,856 | -15.2% |
| Fixed assets | 21/28 | €5,937,287 | €5,663,204 | -€274,083 | -4.6% |
| Intangible fixed assets | 21 | €456,248 | €307,176 | -€149,072 | -32.7% |
| Tangible fixed assets | 22/27 | €5,450,086 | €5,324,707 | -€125,379 | -2.3% |
| Land and buildings | 22 | €3,328,542 | €3,274,219 | -€54,323 | -1.6% |
| Plant, machinery and equipment | 23 | €1,914,618 | €1,842,371 | -€72,247 | -3.8% |
| Furniture and vehicles | 24 | €99,876 | €152,110 | +€52,234 | +52.3% |
| Leasing and similar rights | 25 | €107,050 | €56,007 | -€51,043 | -47.7% |
| Financial fixed assets | 28 | €30,953 | €31,320 | +€367 | +1.2% |
| Other financial fixed assets | 284/8 | €30,953 | €31,320 | +€367 | +1.2% |
| Amounts receivable and cash guarantees | 285/8 | €30,953 | €31,320 | +€367 | +1.2% |
| Current assets | 29/58 | €4,962,450 | €4,077,167 | -€885,283 | -17.8% |
| Stocks and contracts in progress | 3 | €453,647 | €313,180 | -€140,467 | -31.0% |
| Stocks | 30/36 | €453,647 | €313,180 | -€140,467 | -31.0% |
| Goods purchased for resale | 34 | €453,647 | €313,180 | -€140,467 | -31.0% |
| Amounts receivable within one year | 40/41 | €4,113,648 | €3,479,807 | -€633,841 | -15.4% |
| Trade receivables | 40 | €3,881,384 | €3,273,400 | -€607,984 | -15.7% |
| Other amounts receivable | 41 | €232,264 | €206,406 | -€25,858 | -11.1% |
| Cash at bank and in hand | 54/58 | €325,930 | €246,937 | -€78,993 | -24.2% |
| Deferred charges and accrued income | 490/1 | €69,225 | €37,244 | -€31,981 | -46.2% |
| Total equity and liabilities | 10/49 | €10,925,057 | €9,761,835 | -€1.2m | -10.6% |
| Equity | 10/15 | €1,884,848 | €384,753 | -€1.5m | -79.6% |
| Contributions | 10/11 | €547,959 | €547,959 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €1,997,348 | €1,997,348 | +€0 | 0.0% |
| Reserves | 13 | €583 | €583 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €583 | €583 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €583 | €583 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€828,622 | -€2,301,835 | -€1.5m | -177.8% |
| Investment grants | 15 | €167,580 | €140,697 | -€26,883 | -16.0% |
| Amounts payable | 17/49 | €9,040,209 | €9,377,082 | +€336,873 | +3.7% |
| Amounts payable after more than one year | 17 | €2,508,877 | €1,973,641 | -€535,236 | -21.3% |
| Financial debts | 170/4 | €2,506,877 | €1,971,641 | -€535,236 | -21.4% |
| Subordinated loans | 170 | €1,050,000 | €872,264 | -€177,736 | -16.9% |
| Credit institutions | 173 | €1,456,877 | €1,099,376 | -€357,501 | -24.5% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,525,218 | €7,378,081 | +€852,863 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €540,169 | €612,351 | +€72,182 | +13.4% |
| Financial debts | 43 | €1,733,692 | €1,620,092 | -€113,600 | -6.6% |
| Credit institutions | 430/8 | €1,733,692 | €1,620,092 | -€113,600 | -6.6% |
| Trade debts | 44 | €3,920,890 | €4,918,634 | +€997,744 | +25.4% |
| Suppliers | 440/4 | €3,920,890 | €4,918,634 | +€997,744 | +25.4% |
| Advances received on contracts in progress | 46 | €113 | €0 | -€113 | -100.0% |
| Taxes, remuneration and social security | 45 | €330,354 | €227,004 | -€103,350 | -31.3% |
| Taxes | 450/3 | €54,122 | €466 | -€53,656 | -99.1% |
| Remuneration and social security | 454/9 | €276,232 | €226,538 | -€49,694 | -18.0% |
| Accrued charges and deferred income | 492/3 | €6,114 | €25,360 | +€19,246 | +314.8% |
| Operating income | 70/76A | €19,496,421 | €25,145,030 | +€5.6m | +29.0% |
| Turnover | 70 | €18,413,818 | €24,534,886 | +€6.1m | +33.2% |
| Other operating income | 74 | €1,074,106 | €610,144 | -€463,963 | -43.2% |
| Non-recurring operating income | 76A | €8,497 | €0 | -€8,497 | -100.0% |
| Operating charges | 60/66A | €19,570,491 | €26,453,756 | +€6.9m | +35.2% |
| Goods for resale, raw materials and consumables | 60 | €12,256,269 | €18,758,852 | +€6.5m | +53.1% |
| Purchases | 600/8 | €12,551,292 | €18,618,385 | +€6.1m | +48.3% |
| Change in stocks: decrease (increase) | 609 | -€295,023 | €140,467 | +€435,490 | |
| Services and other goods | 61 | €4,583,072 | €3,983,344 | -€599,728 | -13.1% |
| Remuneration, social security and pensions | 62 | €1,883,555 | €2,093,762 | +€210,207 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €739,256 | €779,923 | +€40,667 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,062 | €369,689 | +€300,627 | +435.3% |
| Other operating charges | 640/8 | €204,027 | €233,522 | +€29,495 | +14.5% |
| Operating charges capitalised as restructuring costs | 649 | -€191,636 | €0 | +€191,636 | |
| Non-recurring operating charges | 66A | €26,886 | €234,663 | +€207,777 | +772.8% |
| Operating profit (loss) | 9901 | -€74,070 | -€1,308,726 | -€1.2m | -1666.9% |
| Financial income | 75/76B | €13,165 | €33,064 | +€19,899 | +151.1% |
| Recurring financial income | 75 | €13,165 | €33,064 | +€19,899 | +151.1% |
| Other financial income | 752/9 | €13,165 | €33,064 | +€19,899 | +151.1% |
| Financial charges | 65/66B | €367,714 | €192,361 | -€175,353 | -47.7% |
| Recurring financial charges | 65 | €188,214 | €192,361 | +€4,147 | +2.2% |
| Debt charges | 650 | €171,960 | €190,940 | +€18,980 | +11.0% |
| Other financial charges | 652/9 | €16,254 | €1,421 | -€14,833 | -91.3% |
| Non-recurring financial charges | 66B | €179,500 | €0 | -€179,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€428,619 | -€1,468,024 | -€1.0m | -242.5% |
| Income taxes | 67/77 | €2,879 | €5,189 | +€2,310 | +80.2% |
| Taxes | 670/3 | €3,045 | €5,189 | +€2,144 | +70.4% |
| Tax adjustments and reversals of tax provisions | 77 | €166 | €0 | -€166 | -100.0% |
| Profit (loss) for the period | 9904 | -€431,498 | -€1,473,213 | -€1.0m | -241.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€431,498 | -€1,473,213 | -€1.0m | -241.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.