WAPP.BE: 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.
WAPP.BE
Largest movements
- Cash -€26,418
down €26,418 (-91.7%), from €28,816 to €2,398
mainly Net result for the year (-€23,482) and Debts after one year (-€13,687)
- Tangible fixed assets -€16,094
down €16,094 (-36.8%), from €43,689 to €27,596
of which Furniture and vehicles: -€15,740
- Deferred charges and accrued income +€1,358
up €1,358, from €0 to €1,358
- Receivables within one year +€927
up €927 (+42.1%), from €2,200 to €3,127
of which Trade receivables: +€2,298
- Profit (loss) carried forward -€23,482
down €23,482 (-57.4%), from €40,899 to €17,417
- Debts after one year -€13,687
no longer reported in 2025 (was €13,687)
- Other debts -€1,925
down €1,925 (-74.9%), from €2,571 to €646
- Tax, wage and social debts -€1,377
down €1,377 (-99.6%), from €1,382 to €5
- Gross operating margin -€45,029
down €45,029, from €39,184 to -€5,845
- Taxes -€6,986
down €6,986, from €6,918 to -€69
- Financial charges -€1,627
down €1,627 (-58.2%), from €2,797 to €1,170
- Depreciation +€759
up €759 (+4.9%), from €15,335 to €16,094
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 | €74,706 | €34,478 | -€40,227 | -53.8% |
| Fixed assets | 21/28 | €43,689 | €27,596 | -€16,094 | -36.8% |
| Tangible fixed assets | 22/27 | €43,689 | €27,596 | -€16,094 | -36.8% |
| Plant, machinery and equipment | 23 | €1,202 | €848 | -€354 | -29.5% |
| Furniture and vehicles | 24 | €42,488 | €26,748 | -€15,740 | -37.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €31,016 | €6,883 | -€24,133 | -77.8% |
| Amounts receivable within one year | 40/41 | €2,200 | €3,127 | +€927 | +42.1% |
| Trade receivables | 40 | - | €2,298 | +€2,298 | |
| Other amounts receivable | 41 | €2,200 | €829 | -€1,371 | -62.3% |
| Cash at bank and in hand | 54/58 | €28,816 | €2,398 | -€26,418 | -91.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,358 | +€1,358 | |
| Total equity and liabilities | 10/49 | €74,706 | €34,478 | -€40,227 | -53.8% |
| Equity | 10/15 | €43,549 | €20,067 | -€23,482 | -53.9% |
| Contributions | 10/11 | €2,650 | €2,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,899 | €17,417 | -€23,482 | -57.4% |
| Amounts payable | 17/49 | €31,156 | €14,411 | -€16,745 | -53.7% |
| Amounts payable after more than one year | 17 | €13,687 | - | -€13,687 | |
| Financial debts | 170/4 | €13,687 | - | -€13,687 | |
| Amounts payable within one year | 42/48 | €17,469 | €14,411 | -€3,057 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €13,025 | €13,687 | +€662 | +5.1% |
| Trade debts | 44 | €490 | €73 | -€418 | -85.2% |
| Suppliers | 440/4 | €490 | €73 | -€418 | -85.2% |
| Taxes, remuneration and social security | 45 | €1,382 | €5 | -€1,377 | -99.6% |
| Taxes | 450/3 | €1,382 | €5 | -€1,377 | -99.6% |
| Other amounts payable | 47/48 | €2,571 | €646 | -€1,925 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,335 | €16,094 | +€759 | +4.9% |
| Other operating charges | 640/8 | €339 | €548 | +€209 | +61.7% |
| Gross operating margin | 9900 | €39,184 | -€5,845 | -€45,029 | |
| Operating profit (loss) | 9901 | €23,510 | -€22,487 | -€45,997 | |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €2,797 | €1,170 | -€1,627 | -58.2% |
| Recurring financial charges | 65 | €2,797 | €1,170 | -€1,627 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €20,713 | -€23,551 | -€44,264 | |
| Income taxes | 67/77 | €6,918 | -€69 | -€6,986 | |
| Profit (loss) for the period | 9904 | €13,795 | -€23,482 | -€37,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,795 | -€23,482 | -€37,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.