Wascom: 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.
Wascom
Largest movements
- Current investments +€17,462
new in 2025: €17,462
- Tangible fixed assets -€14,832
down €14,832 (-11.1%), from €133,532 to €118,700
- Cash +€11,415
up €11,415 (+10.2%), from €112,032 to €123,447
mainly Depreciation (+€53,728) and Net result for the year (+€47,103)
- Receivables within one year -€5,466
down €5,466 (-81.1%), from €6,744 to €1,278
of which Trade receivables: -€6,244
- Stocks and contracts +€5,066
up €5,066 (+91.6%), from €5,532 to €10,598
- Reserves +€47,103
up €47,103 (+28.9%), from €163,254 to €210,357
- Current portion of long-term debt -€25,064
down €25,064 (-62.5%), from €40,085 to €15,021
- Debts after one year -€15,021
down €15,021 (-32.8%), from €45,772 to €30,751
- Trade debts +€6,819
up €6,819 (+105.5%), from €6,462 to €13,281
- Gross operating margin -€62,151
down €62,151 (-31.8%), from €195,680 to €133,529
- Taxes -€18,128
down €18,128 (-45.6%), from €39,762 to €21,635
- Depreciation -€5,069
down €5,069 (-8.6%), from €58,797 to €53,728
- Financial charges +€3,265
up €3,265 (+55.1%), from €5,928 to €9,193
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 | €286,251 | €298,578 | +€12,327 | +4.3% |
| Fixed assets | 21/28 | €161,619 | €144,287 | -€17,332 | -10.7% |
| Intangible fixed assets | 21 | €17,170 | €14,670 | -€2,500 | -14.6% |
| Tangible fixed assets | 22/27 | €133,532 | €118,700 | -€14,832 | -11.1% |
| Land and buildings | 22 | €14,031 | €16,782 | +€2,752 | +19.6% |
| Plant, machinery and equipment | 23 | €68,637 | €63,786 | -€4,852 | -7.1% |
| Furniture and vehicles | 24 | €21,159 | €14,464 | -€6,695 | -31.6% |
| Other tangible fixed assets | 26 | €29,704 | €23,668 | -€6,036 | -20.3% |
| Financial fixed assets | 28 | €10,918 | €10,918 | = | 0.0% |
| Current assets | 29/58 | €124,631 | €154,290 | +€29,659 | +23.8% |
| Stocks and contracts in progress | 3 | €5,532 | €10,598 | +€5,066 | +91.6% |
| Stocks | 30/36 | €5,532 | €10,598 | +€5,066 | +91.6% |
| Amounts receivable within one year | 40/41 | €6,744 | €1,278 | -€5,466 | -81.1% |
| Trade receivables | 40 | €6,744 | €500 | -€6,244 | -92.6% |
| Other amounts receivable | 41 | €0 | €778 | +€778 | |
| Current investments | 50/53 | - | €17,462 | +€17,462 | |
| Cash at bank and in hand | 54/58 | €112,032 | €123,447 | +€11,415 | +10.2% |
| Deferred charges and accrued income | 490/1 | €323 | €1,505 | +€1,182 | +366.4% |
| Total equity and liabilities | 10/49 | €286,251 | €298,578 | +€12,327 | +4.3% |
| Equity | 10/15 | €173,254 | €220,357 | +€47,103 | +27.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €163,254 | €210,357 | +€47,103 | +28.9% |
| Distributable reserves | 133 | €163,254 | €210,357 | +€47,103 | +28.9% |
| Amounts payable | 17/49 | €112,996 | €78,221 | -€34,775 | -30.8% |
| Amounts payable after more than one year | 17 | €45,772 | €30,751 | -€15,021 | -32.8% |
| Financial debts | 170/4 | €45,772 | €30,751 | -€15,021 | -32.8% |
| Amounts payable within one year | 42/48 | €62,873 | €44,613 | -€18,260 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €40,085 | €15,021 | -€25,064 | -62.5% |
| Trade debts | 44 | €6,462 | €13,281 | +€6,819 | +105.5% |
| Suppliers | 440/4 | €6,462 | €13,281 | +€6,819 | +105.5% |
| Taxes, remuneration and social security | 45 | €14,955 | €15,260 | +€305 | +2.0% |
| Taxes | 450/3 | €14,955 | €15,260 | +€305 | +2.0% |
| Other amounts payable | 47/48 | €1,371 | €1,051 | -€320 | -23.3% |
| Accrued charges and deferred income | 492/3 | €4,351 | €2,857 | -€1,494 | -34.3% |
| Non-recurring operating income | 76A | €7,090 | €949 | -€6,141 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,797 | €53,728 | -€5,069 | -8.6% |
| Other operating charges | 640/8 | €1,646 | €1,870 | +€224 | +13.6% |
| Non-recurring operating charges | 66A | €3,675 | €0 | -€3,675 | -100.0% |
| Gross operating margin | 9900 | €195,680 | €133,529 | -€62,151 | -31.8% |
| Operating profit (loss) | 9901 | €131,561 | €77,930 | -€53,631 | -40.8% |
| Financial income | 75/76B | €121 | €0 | -€121 | -100.0% |
| Recurring financial income | 75 | €121 | €0 | -€121 | -100.0% |
| Financial charges | 65/66B | €5,928 | €9,193 | +€3,265 | +55.1% |
| Recurring financial charges | 65 | €5,928 | €9,193 | +€3,265 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €125,755 | €68,737 | -€57,018 | -45.3% |
| Income taxes | 67/77 | €39,762 | €21,635 | -€18,128 | -45.6% |
| Profit (loss) for the period | 9904 | €85,992 | €47,103 | -€38,890 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,992 | €47,103 | -€38,890 | -45.2% |
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 9 October 2026 via checked.be.