WASE ONTSTOPPING: what changed
WASE ONTSTOPPING
Largest movements
- Tangible fixed assets +€881,003
up €881,003 (+2,266%), from €38,881 to €919,884
of which Land and buildings: +€652,932
- Intangible fixed assets +€98,333
new in 2025: €98,333
- Cash +€93,108
up €93,108 (+164%), from €56,806 to €149,914
mainly Debts after one year (+€822,342) and Trade debts (+€117,075)
- Receivables within one year +€15,508
up €15,508 (+22.4%), from €69,090 to €84,598
of which Trade receivables: +€9,089
- Debts after one year +€822,342
up €822,342 (+46,884%), from €1,754 to €824,096
- Trade debts +€117,075
up €117,075 (+561%), from €20,878 to €137,953
- Reserves +€106,184
up €106,184 (+99.7%), from €106,551 to €212,735
- Current portion of long-term debt +€39,597
up €39,597 (+389%), from €10,185 to €49,782
- Gross operating margin +€31,843
up €31,843 (+20.9%), from €152,452 to €184,295
- Depreciation +€20,672
up €20,672 (+144%), from €14,405 to €35,077
- Financial charges +€12,892
up €12,892 (+1,287%), from €1,002 to €13,894
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,868 | €1,258,729 | +€1.1m | +650% |
| Fixed assets | 21/28 | €41,972 | €1,021,217 | +€979,245 | +2,333% |
| Intangible fixed assets | 21 | - | €98,333 | +€98,333 | |
| Tangible fixed assets | 22/27 | €38,881 | €919,884 | +€881,003 | +2,266% |
| Land and buildings | 22 | - | €652,932 | +€652,932 | |
| Plant, machinery and equipment | 23 | €7,714 | €4,285 | -€3,429 | -44.5% |
| Furniture and vehicles | 24 | €31,167 | €262,667 | +€231,500 | +743% |
| Financial fixed assets | 28 | €3,091 | €3,000 | -€91 | -2.9% |
| Current assets | 29/58 | €125,896 | €237,512 | +€111,616 | +88.7% |
| Amounts receivable within one year | 40/41 | €69,090 | €84,598 | +€15,508 | +22.4% |
| Trade receivables | 40 | €68,488 | €77,577 | +€9,089 | +13.3% |
| Other amounts receivable | 41 | €602 | €7,021 | +€6,419 | +1,066% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €56,806 | €149,914 | +€93,108 | +164% |
| Total equity and liabilities | 10/49 | €167,868 | €1,258,729 | +€1.1m | +650% |
| Equity | 10/15 | €111,551 | €217,735 | +€106,184 | +95.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €106,551 | €212,735 | +€106,184 | +99.7% |
| Distributable reserves | 133 | €106,551 | €212,735 | +€106,184 | +99.7% |
| Amounts payable | 17/49 | €56,317 | €1,040,994 | +€984,677 | +1,748% |
| Amounts payable after more than one year | 17 | €1,754 | €824,096 | +€822,342 | +46,884% |
| Financial debts | 170/4 | €1,754 | €824,096 | +€822,342 | +46,884% |
| Amounts payable within one year | 42/48 | €54,563 | €216,898 | +€162,335 | +298% |
| Current portion of amounts payable after more than one year | 42 | €10,185 | €49,782 | +€39,597 | +389% |
| Trade debts | 44 | €20,878 | €137,953 | +€117,075 | +561% |
| Suppliers | 440/4 | €20,878 | €137,953 | +€117,075 | +561% |
| Taxes, remuneration and social security | 45 | €18,184 | €29,133 | +€10,949 | +60.2% |
| Taxes | 450/3 | €18,184 | €29,133 | +€10,949 | +60.2% |
| Other amounts payable | 47/48 | €5,316 | €30 | -€5,286 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,405 | €35,077 | +€20,672 | +144% |
| Other operating charges | 640/8 | €762 | €141 | -€621 | -81.5% |
| Gross operating margin | 9900 | €152,452 | €184,295 | +€31,843 | +20.9% |
| Operating profit (loss) | 9901 | €137,285 | €149,077 | +€11,792 | +8.6% |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €1,002 | €13,894 | +€12,892 | +1,287% |
| Recurring financial charges | 65 | €1,002 | €13,894 | +€12,892 | +1,287% |
| Profit (loss) for the period before taxes | 9903 | €136,283 | €135,317 | -€966 | -0.7% |
| Income taxes | 67/77 | €29,732 | €29,133 | -€599 | -2.0% |
| Profit (loss) for the period | 9904 | €106,551 | €106,184 | -€367 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,551 | €106,184 | -€367 | -0.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.