Wasbron: 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.
Wasbron
Largest movements
- Cash +€58,145
up €58,145 (+230.3%), from €25,251 to €83,396
mainly Other debts (+€65,258) and Net result for the year (+€50,491)
- Tangible fixed assets -€22,650
down €22,650 (-13.6%), from €166,948 to €144,298
of which Plant, machinery and equipment: -€15,455
- Receivables within one year +€9,165
up €9,165 (+226.7%), from €4,043 to €13,208
of which Other amounts receivable: +€9,712
- Other debts +€65,258
new in 2025: €65,258
- Profit (loss) carried forward -€26,283
no longer reported in 2025 (was €26,283)
- Tax, wage and social debts +€25,558
up €25,558 (+1346.5%), from €1,898 to €27,456
of which Taxes: +€22,506
- Debts after one year -€19,444
down €19,444 (-15.8%), from €123,012 to €103,568
- Gross operating margin +€33,745
up €33,745 (+58.2%), from €57,959 to €91,704
- Taxes +€6,284
up €6,284 (+96.6%), from €6,504 to €12,788
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 | €198,070 | €244,031 | +€45,962 | +23.2% |
| Fixed assets | 21/28 | €167,726 | €145,076 | -€22,650 | -13.5% |
| Tangible fixed assets | 22/27 | €166,948 | €144,298 | -€22,650 | -13.6% |
| Land and buildings | 22 | €101,845 | €95,740 | -€6,105 | -6.0% |
| Plant, machinery and equipment | 23 | €48,913 | €33,458 | -€15,455 | -31.6% |
| Furniture and vehicles | 24 | €709 | €544 | -€164 | -23.2% |
| Other tangible fixed assets | 26 | €15,482 | €14,556 | -€926 | -6.0% |
| Financial fixed assets | 28 | €778 | €778 | = | 0.0% |
| Current assets | 29/58 | €30,344 | €98,955 | +€68,612 | +226.1% |
| Stocks and contracts in progress | 3 | €587 | €1,153 | +€566 | +96.5% |
| Stocks | 30/36 | €587 | €1,153 | +€566 | +96.5% |
| Amounts receivable within one year | 40/41 | €4,043 | €13,208 | +€9,165 | +226.7% |
| Trade receivables | 40 | €547 | - | -€547 | |
| Other amounts receivable | 41 | €3,496 | €13,208 | +€9,712 | +277.8% |
| Cash at bank and in hand | 54/58 | €25,251 | €83,396 | +€58,145 | +230.3% |
| Deferred charges and accrued income | 490/1 | €462 | €1,198 | +€736 | +159.3% |
| Total equity and liabilities | 10/49 | €198,070 | €244,031 | +€45,962 | +23.2% |
| Equity | 10/15 | €48,455 | €22,172 | -€26,283 | -54.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,172 | €19,172 | = | 0.0% |
| Distributable reserves | 133 | €19,172 | €19,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,283 | - | -€26,283 | |
| Amounts payable | 17/49 | €149,615 | €221,859 | +€72,245 | +48.3% |
| Amounts payable after more than one year | 17 | €123,012 | €103,568 | -€19,444 | -15.8% |
| Financial debts | 170/4 | €123,012 | €103,568 | -€19,444 | -15.8% |
| Amounts payable within one year | 42/48 | €26,603 | €118,291 | +€91,688 | +344.7% |
| Current portion of amounts payable after more than one year | 42 | €19,209 | €19,444 | +€235 | +1.2% |
| Trade debts | 44 | €5,496 | €6,134 | +€638 | +11.6% |
| Suppliers | 440/4 | €5,496 | €6,134 | +€638 | +11.6% |
| Taxes, remuneration and social security | 45 | €1,898 | €27,456 | +€25,558 | +1346.5% |
| Taxes | 450/3 | €1,898 | €24,404 | +€22,506 | +1185.7% |
| Remuneration and social security | 454/9 | - | €3,052 | +€3,052 | |
| Other amounts payable | 47/48 | - | €65,258 | +€65,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,342 | €19,527 | -€815 | -4.0% |
| Other operating charges | 640/8 | €1,343 | €1,419 | +€76 | +5.7% |
| Non-recurring operating charges | 66A | - | €4,215 | +€4,215 | |
| Gross operating margin | 9900 | €57,959 | €91,704 | +€33,745 | +58.2% |
| Operating profit (loss) | 9901 | €36,273 | €66,543 | +€30,269 | +83.4% |
| Financial income | 75/76B | €19 | €137 | +€119 | +629.0% |
| Recurring financial income | 75 | €19 | €137 | +€119 | +629.0% |
| Financial charges | 65/66B | €3,505 | €3,401 | -€104 | -3.0% |
| Recurring financial charges | 65 | €3,505 | €3,401 | -€104 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €32,787 | €63,279 | +€30,492 | +93.0% |
| Income taxes | 67/77 | €6,504 | €12,788 | +€6,284 | +96.6% |
| Profit (loss) for the period | 9904 | €26,283 | €50,491 | +€24,208 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,283 | €50,491 | +€24,208 | +92.1% |
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 1 October 2026 via checked.be.