WAO CONCEPT PARTNER: 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.
WAO CONCEPT PARTNER
Largest movements
- Tangible fixed assets -€2,100
down €2,100 (-19.2%), from €10,934 to €8,834
of which Furniture and vehicles: -€1,688
- Cash +€799
up €799 (+7.4%), from €10,772 to €11,571
mainly Depreciation (+€2,215) and Tax, wage and social debts (+€1,138)
- Stocks and contracts +€781
new in 2025: €781
- Profit (loss) carried forward -€1,719
down €1,719 (-17.9%), from -€9,584 to -€11,303
- Tax, wage and social debts +€1,138
up €1,138 (+80.2%), from €1,420 to €2,558
- Gross operating margin +€8,089
up €8,089, from -€7,219 to €869
- Depreciation +€95
up €95 (+4.5%), from €2,120 to €2,215
- Staff costs +€82
up €82 (+51.5%), from €159 to €241
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 | €23,686 | €23,049 | -€637 | -2.7% |
| Fixed assets | 21/28 | €12,584 | €10,484 | -€2,100 | -16.7% |
| Tangible fixed assets | 22/27 | €10,934 | €8,834 | -€2,100 | -19.2% |
| Plant, machinery and equipment | 23 | €3,707 | €3,295 | -€412 | -11.1% |
| Furniture and vehicles | 24 | €7,227 | €5,539 | -€1,688 | -23.4% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €11,102 | €12,565 | +€1,463 | +13.2% |
| Stocks and contracts in progress | 3 | - | €781 | +€781 | |
| Stocks | 30/36 | - | €781 | +€781 | |
| Amounts receivable within one year | 40/41 | €330 | €214 | -€116 | -35.2% |
| Trade receivables | 40 | €330 | €214 | -€116 | -35.2% |
| Cash at bank and in hand | 54/58 | €10,772 | €11,571 | +€799 | +7.4% |
| Total equity and liabilities | 10/49 | €23,686 | €23,049 | -€637 | -2.7% |
| Equity | 10/15 | -€8,084 | -€9,803 | -€1,719 | -21.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,584 | -€11,303 | -€1,719 | -17.9% |
| Amounts payable | 17/49 | €31,771 | €32,852 | +€1,082 | +3.4% |
| Amounts payable within one year | 42/48 | €31,771 | €32,852 | +€1,082 | +3.4% |
| Trade debts | 44 | €300 | €252 | -€48 | -16.0% |
| Suppliers | 440/4 | €300 | €252 | -€48 | -16.0% |
| Taxes, remuneration and social security | 45 | €1,420 | €2,558 | +€1,138 | +80.2% |
| Taxes | 450/3 | €1,420 | €2,558 | +€1,138 | +80.2% |
| Other amounts payable | 47/48 | €30,051 | €30,042 | -€9 | 0.0% |
| Remuneration, social security and pensions | 62 | €159 | €241 | +€82 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120 | €2,215 | +€95 | +4.5% |
| Other operating charges | 640/8 | €50 | €75 | +€25 | +50.0% |
| Gross operating margin | 9900 | -€7,219 | €869 | +€8,089 | |
| Operating profit (loss) | 9901 | -€9,549 | -€1,662 | +€7,887 | +82.6% |
| Financial income | 75/76B | €10 | €0 | -€10 | -97.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -97.0% |
| Financial charges | 65/66B | €46 | €57 | +€12 | +25.4% |
| Recurring financial charges | 65 | €46 | €57 | +€12 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,584 | -€1,719 | +€7,866 | +82.1% |
| Profit (loss) for the period | 9904 | -€9,584 | -€1,719 | +€7,866 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,584 | -€1,719 | +€7,866 | +82.1% |
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 21 October 2026 via checked.be.