WAPITI: 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.
WAPITI
Largest movements
- Receivables within one year +€38,508
up €38,508 (+26.9%), from €143,392 to €181,900
of which Trade receivables: +€40,969
- Stocks and contracts -€29,591
down €29,591 (-33.3%), from €88,879 to €59,288
- Cash +€14,210
up €14,210 (+17.8%), from €79,824 to €94,034
mainly Net result for the year (+€31,245) and Other debts (+€30,488)
- Other debts +€30,488
up €30,488 (+9,527%), from €320 to €30,808
- Trade debts -€11,715
down €11,715 (-14.5%), from €80,941 to €69,226
- Tax, wage and social debts +€5,804
up €5,804 (+45.6%), from €12,741 to €18,544
- Depreciation -€4,289
down €4,289 (-73.5%), from €5,839 to €1,550
- Taxes +€1,457
up €1,457 (+10.8%), from €13,435 to €14,892
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 | €314,514 | €337,386 | +€22,872 | +7.3% |
| Fixed assets | 21/28 | €1,550 | €0 | -€1,550 | -100% |
| Tangible fixed assets | 22/27 | €1,550 | €0 | -€1,550 | -100% |
| Plant, machinery and equipment | 23 | €1,550 | €0 | -€1,550 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €312,965 | €337,386 | +€24,422 | +7.8% |
| Stocks and contracts in progress | 3 | €88,879 | €59,288 | -€29,591 | -33.3% |
| Stocks | 30/36 | €88,879 | €59,288 | -€29,591 | -33.3% |
| Amounts receivable within one year | 40/41 | €143,392 | €181,900 | +€38,508 | +26.9% |
| Trade receivables | 40 | €139,092 | €180,061 | +€40,969 | +29.5% |
| Other amounts receivable | 41 | €4,301 | €1,839 | -€2,461 | -57.2% |
| Cash at bank and in hand | 54/58 | €79,824 | €94,034 | +€14,210 | +17.8% |
| Deferred charges and accrued income | 490/1 | €869 | €2,164 | +€1,295 | +149% |
| Total equity and liabilities | 10/49 | €314,514 | €337,386 | +€22,872 | +7.3% |
| Equity | 10/15 | €220,512 | €218,808 | -€1,704 | -0.8% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €101,945 | €100,240 | -€1,704 | -1.7% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €91,409 | €89,705 | -€1,704 | -1.9% |
| Profit (loss) carried forward | 14 | €13,213 | €13,213 | = | 0.0% |
| Amounts payable | 17/49 | €94,002 | €118,578 | +€24,576 | +26.1% |
| Amounts payable within one year | 42/48 | €94,002 | €118,578 | +€24,576 | +26.1% |
| Trade debts | 44 | €80,941 | €69,226 | -€11,715 | -14.5% |
| Suppliers | 440/4 | €80,941 | €69,226 | -€11,715 | -14.5% |
| Taxes, remuneration and social security | 45 | €12,741 | €18,544 | +€5,804 | +45.6% |
| Taxes | 450/3 | €12,741 | €18,544 | +€5,804 | +45.6% |
| Other amounts payable | 47/48 | €320 | €30,808 | +€30,488 | +9,527% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,839 | €1,550 | -€4,289 | -73.5% |
| Other operating charges | 640/8 | €1,148 | €800 | -€349 | -30.4% |
| Gross operating margin | 9900 | €48,521 | €48,852 | +€331 | +0.7% |
| Operating profit (loss) | 9901 | €41,534 | €46,503 | +€4,969 | +12.0% |
| Financial income | 75/76B | €17 | €141 | +€123 | +722% |
| Recurring financial income | 75 | €17 | €141 | +€123 | +722% |
| Financial charges | 65/66B | €758 | €506 | -€252 | -33.2% |
| Recurring financial charges | 65 | €758 | €506 | -€252 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €40,793 | €46,137 | +€5,344 | +13.1% |
| Income taxes | 67/77 | €13,435 | €14,892 | +€1,457 | +10.8% |
| Profit (loss) for the period | 9904 | €27,358 | €31,245 | +€3,887 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,358 | €31,245 | +€3,887 | +14.2% |
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 24 October 2026 via checked.be.