WASE WIND: 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.
WASE WIND
Largest movements
- Cash +€320,426
up €320,426 (+215%), from €148,946 to €469,372
mainly Receivables within one year (+€238,182) and Net result for the year (+€195,129)
- Receivables within one year -€238,182
down €238,182 (-25.2%), from €944,810 to €706,628
of which Trade receivables: -€187,008
- Deferred charges and accrued income +€46,486
up €46,486 (+103%), from €45,051 to €91,537
- Trade debts +€118,414
up €118,414 (+16.3%), from €727,252 to €845,666
- Profit (loss) carried forward +€81,623
up €81,623 (+32.5%), from €250,905 to €332,528
- Provisions -€72,369
down €72,369 (-50.1%), from €144,416 to €72,047
- Provisions -€160,000
down €160,000, from €92,018 to -€67,982
- Gross operating margin -€125,987
down €125,987 (-33.2%), from €379,849 to €253,862
- Taxes -€26,748
down €26,748 (-55.5%), from €48,157 to €21,409
- Staff costs +€12,186
up €12,186 (+5.2%), from €235,692 to €247,878
- Write-downs -€10,008
down €10,008 (-95.0%), from €10,536 to €528
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,218,254 | €3,346,125 | +€127,871 | +4.0% |
| Fixed assets | 21/28 | €4,447 | €3,588 | -€859 | -19.3% |
| Tangible fixed assets | 22/27 | €1,347 | €488 | -€859 | -63.8% |
| Plant, machinery and equipment | 23 | €1,347 | €488 | -€859 | -63.8% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €3,213,807 | €3,342,537 | +€128,730 | +4.0% |
| Amounts receivable after more than one year | 29 | €2,075,000 | €2,075,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,075,000 | €2,075,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €944,810 | €706,628 | -€238,182 | -25.2% |
| Trade receivables | 40 | €687,134 | €500,126 | -€187,008 | -27.2% |
| Other amounts receivable | 41 | €257,676 | €206,502 | -€51,174 | -19.9% |
| Cash at bank and in hand | 54/58 | €148,946 | €469,372 | +€320,426 | +215% |
| Deferred charges and accrued income | 490/1 | €45,051 | €91,537 | +€46,486 | +103% |
| Total equity and liabilities | 10/49 | €3,218,254 | €3,346,125 | +€127,871 | +4.0% |
| Equity | 10/15 | €2,179,041 | €2,276,040 | +€96,999 | +4.5% |
| Contributions | 10/11 | €1,874,136 | €1,889,512 | +€15,376 | +0.8% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,905 | €332,528 | +€81,623 | +32.5% |
| Provisions and deferred taxes | 16 | €144,416 | €72,047 | -€72,369 | -50.1% |
| Provisions for liabilities and charges | 160/5 | €144,416 | €72,047 | -€72,369 | -50.1% |
| Pensions and similar obligations | 160 | €4,416 | €2,047 | -€2,369 | -53.6% |
| Other liabilities and charges | 164/5 | €140,000 | €70,000 | -€70,000 | -50.0% |
| Amounts payable | 17/49 | €894,797 | €998,038 | +€103,241 | +11.5% |
| Amounts payable within one year | 42/48 | €894,797 | €998,038 | +€103,241 | +11.5% |
| Trade debts | 44 | €727,252 | €845,666 | +€118,414 | +16.3% |
| Suppliers | 440/4 | €727,252 | €845,666 | +€118,414 | +16.3% |
| Taxes, remuneration and social security | 45 | €48,907 | €39,503 | -€9,404 | -19.2% |
| Taxes | 450/3 | €13,047 | €6,137 | -€6,910 | -53.0% |
| Remuneration and social security | 454/9 | €35,860 | €33,366 | -€2,494 | -7.0% |
| Other amounts payable | 47/48 | €118,638 | €112,869 | -€5,769 | -4.9% |
| Remuneration, social security and pensions | 62 | €235,692 | €247,878 | +€12,186 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €859 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,536 | €528 | -€10,008 | -95.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €92,018 | -€67,982 | -€160,000 | |
| Other operating charges | 640/8 | €276 | €1,278 | +€1,002 | +363% |
| Gross operating margin | 9900 | €379,849 | €253,862 | -€125,987 | -33.2% |
| Operating profit (loss) | 9901 | €40,468 | €71,301 | +€30,833 | +76.2% |
| Financial income | 75/76B | €151,076 | €145,237 | -€5,839 | -3.9% |
| Recurring financial income | 75 | €151,076 | €145,237 | -€5,839 | -3.9% |
| Financial charges | 65/66B | €477 | - | -€477 | |
| Recurring financial charges | 65 | €351 | - | -€351 | |
| Non-recurring financial charges | 66B | €126 | - | -€126 | |
| Profit (loss) for the period before taxes | 9903 | €191,067 | €216,538 | +€25,471 | +13.3% |
| Income taxes | 67/77 | €48,157 | €21,409 | -€26,748 | -55.5% |
| Profit (loss) for the period | 9904 | €142,910 | €195,129 | +€52,219 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €142,910 | €195,129 | +€52,219 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.