WASP: 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.
WASP
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€197,363
down €197,363 (-82.3%), from €239,841 to €42,478
of which Other amounts receivable: -€199,885
- Cash +€150,945
up €150,945 (+26.4%), from €571,951 to €722,896
mainly Receivables within one year (+€197,363) and Net result for the year (+€103,316)
- Reserves +€103,316
up €103,316 (+17.0%), from €609,125 to €712,442
of which Distributable reserves: +€103,316
- Trade debts +€33,054
up €33,054 (+91.6%), from €36,090 to €69,144
- Accrued charges and deferred income +€10,051
up €10,051 (+5,229%), from €192 to €10,243
- Staff costs +€49,508
up €49,508 (+52.2%), from €94,848 to €144,355
- Gross operating margin +€29,794
up €29,794 (+11.2%), from €266,970 to €296,765
- Write-downs -€5,996
down €5,996, from €2,998 to -€2,998
- Taxes -€4,672
down €4,672 (-11.5%), from €40,753 to €36,081
- Financial charges +€3,018
up €3,018 (+30.0%), from €10,042 to €13,060
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.
Derived cash bridge
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 | €820,413 | €972,758 | +€152,345 | +18.6% |
| Current assets | 29/58 | €820,413 | €972,758 | +€152,345 | +18.6% |
| Amounts receivable within one year | 40/41 | €239,841 | €42,478 | -€197,363 | -82.3% |
| Trade receivables | 40 | €35,340 | €37,861 | +€2,522 | +7.1% |
| Other amounts receivable | 41 | €204,502 | €4,617 | -€199,885 | -97.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €571,951 | €722,896 | +€150,945 | +26.4% |
| Deferred charges and accrued income | 490/1 | €8,620 | €7,384 | -€1,237 | -14.3% |
| Total equity and liabilities | 10/49 | €820,413 | €972,758 | +€152,345 | +18.6% |
| Equity | 10/15 | €627,725 | €731,042 | +€103,316 | +16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €609,125 | €712,442 | +€103,316 | +17.0% |
| Tax-exempt reserves | 132 | €7,121 | €7,121 | = | 0.0% |
| Distributable reserves | 133 | €602,005 | €705,321 | +€103,316 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €192,688 | €241,716 | +€49,029 | +25.4% |
| Amounts payable within one year | 42/48 | €192,495 | €231,474 | +€38,978 | +20.2% |
| Trade debts | 44 | €36,090 | €69,144 | +€33,054 | +91.6% |
| Suppliers | 440/4 | €36,090 | €69,144 | +€33,054 | +91.6% |
| Taxes, remuneration and social security | 45 | €21,679 | €27,342 | +€5,663 | +26.1% |
| Taxes | 450/3 | €6,551 | €4,546 | -€2,005 | -30.6% |
| Remuneration and social security | 454/9 | €15,128 | €22,796 | +€7,668 | +50.7% |
| Other amounts payable | 47/48 | €134,727 | €134,988 | +€261 | +0.2% |
| Accrued charges and deferred income | 492/3 | €192 | €10,243 | +€10,051 | +5,229% |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Remuneration, social security and pensions | 62 | €94,848 | €144,355 | +€49,508 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,998 | -€2,998 | -€5,996 | |
| Other operating charges | 640/8 | €1,903 | €3,671 | +€1,768 | +92.9% |
| Gross operating margin | 9900 | €266,970 | €296,765 | +€29,794 | +11.2% |
| Operating profit (loss) | 9901 | €167,222 | €151,736 | -€15,486 | -9.3% |
| Financial income | 75/76B | €2,826 | €721 | -€2,105 | -74.5% |
| Recurring financial income | 75 | €2,826 | €721 | -€2,105 | -74.5% |
| Financial charges | 65/66B | €10,042 | €13,060 | +€3,018 | +30.0% |
| Recurring financial charges | 65 | €10,042 | €13,060 | +€3,018 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €160,005 | €139,397 | -€20,608 | -12.9% |
| Income taxes | 67/77 | €40,753 | €36,081 | -€4,672 | -11.5% |
| Profit (loss) for the period | 9904 | €119,252 | €103,316 | -€15,936 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €119,252 | €103,316 | -€15,936 | -13.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.