WAPRI: 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.
WAPRI
Largest movements
- Cash -€222,194
down €222,194 (-20.6%), from €1.1m to €857,808
mainly Net result for the year (-€210,729) and Investment in fixed assets (net) (-€98,842)
- Profit (loss) carried forward -€210,729
down €210,729 (-10.9%), from -€1.9m to -€2.1m
- Gross operating margin -€42,074
down €42,074 (-450.1%), from -€9,347 to -€51,421
- Financial income +€6,373
up €6,373 (+2014.3%), from €316 to €6,690
- Depreciation +€926
up €926 (+0.9%), from €98,063 to €98,989
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 | €5,310,668 | €5,103,345 | -€207,323 | -3.9% |
| Fixed assets | 21/28 | €4,205,364 | €4,205,218 | -€147 | 0.0% |
| Tangible fixed assets | 22/27 | €4,205,364 | €4,205,218 | -€147 | 0.0% |
| Land and buildings | 22 | €3,688,097 | €3,669,505 | -€18,592 | -0.5% |
| Plant, machinery and equipment | 23 | €517,267 | €535,713 | +€18,446 | +3.6% |
| Current assets | 29/58 | €1,105,303 | €898,127 | -€207,176 | -18.7% |
| Amounts receivable within one year | 40/41 | €17,193 | €24,250 | +€7,058 | +41.1% |
| Other amounts receivable | 41 | €17,193 | €24,250 | +€7,058 | +41.1% |
| Cash at bank and in hand | 54/58 | €1,080,002 | €857,808 | -€222,194 | -20.6% |
| Deferred charges and accrued income | 490/1 | €8,109 | €16,068 | +€7,959 | +98.2% |
| Total equity and liabilities | 10/49 | €5,310,668 | €5,103,345 | -€207,323 | -3.9% |
| Equity | 10/15 | €5,289,080 | €5,078,351 | -€210,729 | -4.0% |
| Contributions | 10/11 | €4,906,635 | €4,906,635 | = | 0.0% |
| Reserves | 13 | €2,317,000 | €2,317,000 | = | 0.0% |
| Distributable reserves | 133 | €2,317,000 | €2,317,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,934,555 | -€2,145,284 | -€210,729 | -10.9% |
| Amounts payable | 17/49 | €21,587 | €24,993 | +€3,406 | +15.8% |
| Amounts payable within one year | 42/48 | €16,270 | €19,195 | +€2,925 | +18.0% |
| Trade debts | 44 | €7,179 | €10,183 | +€3,003 | +41.8% |
| Suppliers | 440/4 | €7,179 | €10,183 | +€3,003 | +41.8% |
| Taxes, remuneration and social security | 45 | €6,658 | €6,579 | -€79 | -1.2% |
| Remuneration and social security | 454/9 | €6,658 | €6,579 | -€79 | -1.2% |
| Other amounts payable | 47/48 | €2,433 | €2,433 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,317 | €5,798 | +€481 | +9.1% |
| Non-recurring operating income | 76A | €87,885 | - | -€87,885 | |
| Remuneration, social security and pensions | 62 | €49,862 | €49,995 | +€133 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,063 | €98,989 | +€926 | +0.9% |
| Other operating charges | 640/8 | €16,196 | €16,653 | +€457 | +2.8% |
| Non-recurring operating charges | 66A | €5,705 | €187 | -€5,518 | -96.7% |
| Gross operating margin | 9900 | -€9,347 | -€51,421 | -€42,074 | -450.1% |
| Operating profit (loss) | 9901 | -€179,173 | -€217,245 | -€38,071 | -21.2% |
| Financial income | 75/76B | €316 | €6,690 | +€6,373 | +2014.3% |
| Recurring financial income | 75 | €316 | €6,690 | +€6,373 | +2014.3% |
| Financial charges | 65/66B | €169 | €174 | +€5 | +2.8% |
| Recurring financial charges | 65 | €169 | €174 | +€5 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€179,026 | -€210,729 | -€31,703 | -17.7% |
| Profit (loss) for the period | 9904 | -€179,026 | -€210,729 | -€31,703 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,026 | -€210,729 | -€31,703 | -17.7% |
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 12 October 2026 via checked.be.