WAPPAAHHH: 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.
WAPPAAHHH
Largest movements
- Tangible fixed assets -€30,857
down €30,857 (-3.8%), from €810,429 to €779,571
of which Land and buildings: -€21,265
- Profit (loss) carried forward +€46,765
up €46,765 (+31.6%), from €147,779 to €194,544
- Debts after one year -€37,646
down €37,646 (-8.7%), from €431,843 to €394,198
- Trade debts -€15,285
down €15,285 (-76.2%), from €20,046 to €4,761
- Other debts -€10,443
down €10,443 (-73.3%), from €14,248 to €3,806
- Gross operating margin +€19,134
up €19,134 (+21.1%), from €90,530 to €109,664
- Depreciation +€4,317
up €4,317 (+12.9%), from €33,538 to €37,856
- Financial charges +€3,321
up €3,321 (+75.0%), from €4,430 to €7,751
- Taxes +€2,880
up €2,880 (+27.6%), from €10,454 to €13,335
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 | €930,825 | €908,947 | -€21,878 | -2.4% |
| Fixed assets | 21/28 | €810,429 | €779,571 | -€30,857 | -3.8% |
| Tangible fixed assets | 22/27 | €810,429 | €779,571 | -€30,857 | -3.8% |
| Land and buildings | 22 | €760,836 | €739,571 | -€21,265 | -2.8% |
| Plant, machinery and equipment | 23 | €28,592 | €29,956 | +€1,364 | +4.8% |
| Furniture and vehicles | 24 | €21,001 | €10,044 | -€10,957 | -52.2% |
| Current assets | 29/58 | €120,397 | €129,376 | +€8,979 | +7.5% |
| Amounts receivable within one year | 40/41 | €53,305 | €53,591 | +€286 | +0.5% |
| Trade receivables | 40 | €53,247 | €53,519 | +€272 | +0.5% |
| Other amounts receivable | 41 | €58 | €72 | +€14 | +24.0% |
| Cash at bank and in hand | 54/58 | €64,114 | €73,150 | +€9,036 | +14.1% |
| Deferred charges and accrued income | 490/1 | €2,978 | €2,636 | -€342 | -11.5% |
| Total equity and liabilities | 10/49 | €930,825 | €908,947 | -€21,878 | -2.4% |
| Equity | 10/15 | €401,823 | €448,589 | +€46,765 | +11.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €247,044 | €247,044 | = | 0.0% |
| Distributable reserves | 133 | €247,044 | €247,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,779 | €194,544 | +€46,765 | +31.6% |
| Amounts payable | 17/49 | €529,002 | €460,359 | -€68,643 | -13.0% |
| Amounts payable after more than one year | 17 | €431,843 | €394,198 | -€37,646 | -8.7% |
| Financial debts | 170/4 | €431,843 | €394,198 | -€37,646 | -8.7% |
| Amounts payable within one year | 42/48 | €97,159 | €65,252 | -€31,907 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €36,819 | €37,052 | +€232 | +0.6% |
| Trade debts | 44 | €20,046 | €4,761 | -€15,285 | -76.2% |
| Suppliers | 440/4 | €20,046 | €4,761 | -€15,285 | -76.2% |
| Taxes, remuneration and social security | 45 | €26,045 | €19,633 | -€6,412 | -24.6% |
| Taxes | 450/3 | €21,039 | €13,460 | -€7,579 | -36.0% |
| Remuneration and social security | 454/9 | €5,007 | €6,174 | +€1,167 | +23.3% |
| Other amounts payable | 47/48 | €14,248 | €3,806 | -€10,443 | -73.3% |
| Accrued charges and deferred income | 492/3 | - | €910 | +€910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,538 | €37,856 | +€4,317 | +12.9% |
| Other operating charges | 640/8 | €3,853 | €2,780 | -€1,073 | -27.8% |
| Non-recurring operating charges | 66A | €1,553 | - | -€1,553 | |
| Gross operating margin | 9900 | €90,530 | €109,664 | +€19,134 | +21.1% |
| Operating profit (loss) | 9901 | €51,585 | €69,027 | +€17,443 | +33.8% |
| Financial income | 75/76B | €9 | €114 | +€105 | +1,149% |
| Recurring financial income | 75 | €9 | €114 | +€105 | +1,149% |
| Financial charges | 65/66B | €4,430 | €7,751 | +€3,321 | +75.0% |
| Recurring financial charges | 65 | €4,430 | €7,751 | +€3,321 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €47,164 | €61,391 | +€14,227 | +30.2% |
| Income taxes | 67/77 | €10,454 | €13,335 | +€2,880 | +27.6% |
| Profit (loss) for the period | 9904 | €36,709 | €48,056 | +€11,347 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,709 | €48,056 | +€11,347 | +30.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.