WAPA: 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.
WAPA
Largest movements
- Receivables within one year +€10,303
up €10,303 (+120.8%), from €8,530 to €18,834
of which Trade receivables: +€11,799
- Cash -€6,314
down €6,314 (-13.8%), from €45,779 to €39,465
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€10,303)
- Trade debts +€4,232
up €4,232 (+609.9%), from €694 to €4,926
- Other debts +€2,855
up €2,855 (+6.1%), from €46,724 to €49,579
- Tax, wage and social debts -€2,428
down €2,428 (-52.3%), from €4,643 to €2,215
- Gross operating margin +€2,314
up €2,314 (+12.1%), from €19,177 to €21,491
- Taxes +€888
up €888 (+19.7%), from €4,508 to €5,396
- Financial charges -€551
down €551 (-30.6%), from €1,801 to €1,250
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 | €155,214 | €159,203 | +€3,990 | +2.6% |
| Fixed assets | 21/28 | €100,905 | €100,905 | = | 0.0% |
| Tangible fixed assets | 22/27 | €100,905 | €100,905 | = | 0.0% |
| Land and buildings | 22 | €100,905 | €100,905 | = | 0.0% |
| Current assets | 29/58 | €54,309 | €58,299 | +€3,990 | +7.3% |
| Amounts receivable within one year | 40/41 | €8,530 | €18,834 | +€10,303 | +120.8% |
| Trade receivables | 40 | €7,035 | €18,834 | +€11,799 | +167.7% |
| Other amounts receivable | 41 | €1,495 | - | -€1,495 | |
| Cash at bank and in hand | 54/58 | €45,779 | €39,465 | -€6,314 | -13.8% |
| Total equity and liabilities | 10/49 | €155,214 | €159,203 | +€3,990 | +2.6% |
| Equity | 10/15 | €101,383 | €101,303 | -€80 | -0.1% |
| Contributions | 10/11 | €91,721 | €91,721 | = | 0.0% |
| Capital | 10 | €91,721 | €91,721 | = | 0.0% |
| Issued capital | 100 | €91,721 | €91,721 | = | 0.0% |
| Reserves | 13 | €9,172 | €9,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,172 | €9,172 | = | 0.0% |
| Legal reserve | 130 | €9,172 | €9,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €491 | €410 | -€80 | -16.4% |
| Amounts payable | 17/49 | €53,830 | €57,900 | +€4,070 | +7.6% |
| Amounts payable within one year | 42/48 | €52,061 | €56,720 | +€4,659 | +8.9% |
| Trade debts | 44 | €694 | €4,926 | +€4,232 | +609.9% |
| Suppliers | 440/4 | €694 | €4,926 | +€4,232 | +609.9% |
| Taxes, remuneration and social security | 45 | €4,643 | €2,215 | -€2,428 | -52.3% |
| Taxes | 450/3 | €4,643 | €2,215 | -€2,428 | -52.3% |
| Other amounts payable | 47/48 | €46,724 | €49,579 | +€2,855 | +6.1% |
| Accrued charges and deferred income | 492/3 | €1,769 | €1,180 | -€589 | -33.3% |
| Gross operating margin | 9900 | €19,177 | €21,491 | +€2,314 | +12.1% |
| Operating profit (loss) | 9901 | €19,177 | €21,491 | +€2,314 | +12.1% |
| Financial income | 75/76B | €233 | €75 | -€158 | -67.8% |
| Recurring financial income | 75 | €233 | €75 | -€158 | -67.8% |
| Financial charges | 65/66B | €1,801 | €1,250 | -€551 | -30.6% |
| Recurring financial charges | 65 | €1,801 | €1,250 | -€551 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €17,609 | €20,316 | +€2,707 | +15.4% |
| Income taxes | 67/77 | €4,508 | €5,396 | +€888 | +19.7% |
| Profit (loss) for the period | 9904 | €13,101 | €14,920 | +€1,818 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,101 | €14,920 | +€1,818 | +13.9% |
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 9 October 2026 via checked.be.