WASO: 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.
WASO
Largest movements
- Intangible fixed assets +€105,800
up €105,800 (+41.4%), from €255,450 to €361,250
- Receivables within one year -€20,201
down €20,201 (-84.2%), from €24,003 to €3,802
of which Trade receivables: -€17,361
- Deferred charges and accrued income -€11,925
down €11,925 (-25.1%), from €47,450 to €35,525
- Profit (loss) carried forward -€183,615
down €183,615 (-567.6%), from -€32,347 to -€215,962
- Trade debts +€174,539
up €174,539 (+356.1%), from €49,017 to €223,555
- Debts after one year +€40,000
up €40,000 (+50.0%), from €80,000 to €120,000
- Current portion of long-term debt +€40,000
new in 2024: €40,000
- Gross operating margin -€150,194
down €150,194 (-547.5%), from -€27,432 to -€177,626
- Financial charges +€2,685
up €2,685 (+104.9%), from €2,560 to €5,246
- Depreciation -€2,026
down €2,026 (-100.0%), from €2,026 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,840 | €447,579 | +€70,738 | +18.8% |
| Fixed assets | 21/28 | €255,450 | €361,250 | +€105,800 | +41.4% |
| Intangible fixed assets | 21 | €255,450 | €361,250 | +€105,800 | +41.4% |
| Current assets | 29/58 | €121,390 | €86,329 | -€35,062 | -28.9% |
| Amounts receivable within one year | 40/41 | €24,003 | €3,802 | -€20,201 | -84.2% |
| Trade receivables | 40 | €18,533 | €1,172 | -€17,361 | -93.7% |
| Other amounts receivable | 41 | €5,470 | €2,630 | -€2,841 | -51.9% |
| Current investments | 50/53 | €15,063 | €16,292 | +€1,229 | +8.2% |
| Cash at bank and in hand | 54/58 | €34,874 | €30,710 | -€4,164 | -11.9% |
| Deferred charges and accrued income | 490/1 | €47,450 | €35,525 | -€11,925 | -25.1% |
| Total equity and liabilities | 10/49 | €376,840 | €447,579 | +€70,738 | +18.8% |
| Equity | 10/15 | €247,638 | €64,023 | -€183,615 | -74.1% |
| Contributions | 10/11 | €279,985 | €279,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,347 | -€215,962 | -€183,615 | -567.6% |
| Amounts payable | 17/49 | €129,202 | €383,555 | +€254,353 | +196.9% |
| Amounts payable after more than one year | 17 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Financial debts | 170/4 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Amounts payable within one year | 42/48 | €49,202 | €263,555 | +€214,353 | +435.7% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €49,017 | €223,555 | +€174,539 | +356.1% |
| Suppliers | 440/4 | €49,017 | €223,555 | +€174,539 | +356.1% |
| Other amounts payable | 47/48 | €185 | €0 | -€185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €0 | -€2,026 | -100.0% |
| Other operating charges | 640/8 | €398 | €743 | +€344 | +86.4% |
| Gross operating margin | 9900 | -€27,432 | -€177,626 | -€150,194 | -547.5% |
| Operating profit (loss) | 9901 | -€29,857 | -€178,369 | -€148,512 | -497.4% |
| Financial income | 75/76B | €98 | €0 | -€98 | -100.0% |
| Recurring financial income | 75 | €98 | €0 | -€98 | -100.0% |
| Financial charges | 65/66B | €2,560 | €5,246 | +€2,685 | +104.9% |
| Recurring financial charges | 65 | €2,560 | €5,246 | +€2,685 | +104.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,320 | -€183,615 | -€151,295 | -468.1% |
| Income taxes | 67/77 | €27 | €0 | -€27 | -100.0% |
| Profit (loss) for the period | 9904 | -€32,347 | -€183,615 | -€151,269 | -467.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,347 | -€183,615 | -€151,269 | -467.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.