WASKIEWICZ: 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.
WASKIEWICZ
Largest movements
- Receivables within one year -€81,000
down €81,000 (-43.7%), from €185,221 to €104,221
of which Other amounts receivable: -€78,660
- Tangible fixed assets +€64,667
up €64,667 (+20.9%), from €309,914 to €374,581
of which Furniture and vehicles: +€78,570
- Cash -€43,863
down €43,863 (-51.0%), from €85,964 to €42,102
mainly Contributions, distributions and other (-€225,626) and Investment in fixed assets (net) (-€170,161)
- Other debts -€117,495
down €117,495 (-32.6%), from €360,020 to €242,525
- Debts after one year +€34,450
up €34,450 (+24.4%), from €141,054 to €175,503
- Current portion of long-term debt +€27,661
up €27,661 (+51.6%), from €53,569 to €81,230
- Gross operating margin -€137,733
down €137,733 (-24.5%), from €562,097 to €424,364
- Taxes -€42,236
down €42,236 (-33.6%), from €125,626 to €83,390
- Depreciation +€30,068
up €30,068 (+39.9%), from €75,426 to €105,494
- Financial charges +€5,999
up €5,999 (+149.3%), from €4,019 to €10,018
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 | €584,629 | €528,037 | -€56,592 | -9.7% |
| Fixed assets | 21/28 | €309,914 | €374,581 | +€64,667 | +20.9% |
| Tangible fixed assets | 22/27 | €309,914 | €374,581 | +€64,667 | +20.9% |
| Land and buildings | 22 | €140,799 | €135,911 | -€4,888 | -3.5% |
| Plant, machinery and equipment | 23 | €89,402 | €80,387 | -€9,015 | -10.1% |
| Furniture and vehicles | 24 | €79,714 | €158,283 | +€78,570 | +98.6% |
| Current assets | 29/58 | €274,715 | €153,456 | -€121,259 | -44.1% |
| Amounts receivable within one year | 40/41 | €185,221 | €104,221 | -€81,000 | -43.7% |
| Trade receivables | 40 | €2,340 | €0 | -€2,340 | -100.0% |
| Other amounts receivable | 41 | €182,881 | €104,221 | -€78,660 | -43.0% |
| Cash at bank and in hand | 54/58 | €85,964 | €42,102 | -€43,863 | -51.0% |
| Deferred charges and accrued income | 490/1 | €3,530 | €7,133 | +€3,603 | +102.1% |
| Total equity and liabilities | 10/49 | €584,629 | €528,037 | -€56,592 | -9.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €566,029 | €509,437 | -€56,592 | -10.0% |
| Amounts payable after more than one year | 17 | €141,054 | €175,503 | +€34,450 | +24.4% |
| Financial debts | 170/4 | €141,054 | €175,503 | +€34,450 | +24.4% |
| Amounts payable within one year | 42/48 | €424,234 | €333,933 | -€90,301 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €53,569 | €81,230 | +€27,661 | +51.6% |
| Trade debts | 44 | €10,644 | €10,178 | -€466 | -4.4% |
| Suppliers | 440/4 | €10,644 | €10,178 | -€466 | -4.4% |
| Other amounts payable | 47/48 | €360,020 | €242,525 | -€117,495 | -32.6% |
| Accrued charges and deferred income | 492/3 | €741 | €0 | -€741 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,426 | €105,494 | +€30,068 | +39.9% |
| Other operating charges | 640/8 | €3,896 | €2,753 | -€1,143 | -29.3% |
| Gross operating margin | 9900 | €562,097 | €424,364 | -€137,733 | -24.5% |
| Operating profit (loss) | 9901 | €482,775 | €316,117 | -€166,658 | -34.5% |
| Financial income | 75/76B | €6,891 | €2,917 | -€3,974 | -57.7% |
| Recurring financial income | 75 | €6,891 | €2,917 | -€3,974 | -57.7% |
| Financial charges | 65/66B | €4,019 | €10,018 | +€5,999 | +149.3% |
| Recurring financial charges | 65 | €4,019 | €10,018 | +€5,999 | +149.3% |
| Profit (loss) for the period before taxes | 9903 | €485,646 | €309,015 | -€176,631 | -36.4% |
| Income taxes | 67/77 | €125,626 | €83,390 | -€42,236 | -33.6% |
| Profit (loss) for the period | 9904 | €360,020 | €225,626 | -€134,395 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €360,020 | €225,626 | -€134,395 | -37.3% |
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 30 September 2026 via checked.be.