WASW: 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.
WASW
Largest movements
- Receivables within one year +€177,789
up €177,789 (+9866.9%), from €1,802 to €179,591
of which Trade receivables: +€177,789
- Cash +€9,121
up €9,121 (+3.8%), from €239,364 to €248,485
mainly Net result for the year (+€460,958) and Other debts (+€154,925)
- Other debts +€154,925
up €154,925 (+77.9%), from €198,914 to €353,839
- Tax, wage and social debts +€32,223
up €32,223 (+72.1%), from €44,665 to €76,888
- Gross operating margin +€280,337
up €280,337 (+81.0%), from €345,915 to €626,251
- Taxes +€74,075
up €74,075 (+88.0%), from €84,198 to €158,273
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 | €250,615 | €436,953 | +€186,338 | +74.4% |
| Fixed assets | 21/28 | €9,449 | €8,734 | -€714 | -7.6% |
| Tangible fixed assets | 22/27 | €9,449 | €8,734 | -€714 | -7.6% |
| Land and buildings | 22 | €114 | - | -€114 | |
| Furniture and vehicles | 24 | €9,335 | €8,734 | -€600 | -6.4% |
| Current assets | 29/58 | €241,166 | €428,219 | +€187,053 | +77.6% |
| Amounts receivable within one year | 40/41 | €1,802 | €179,591 | +€177,789 | +9866.9% |
| Trade receivables | 40 | - | €177,789 | +€177,789 | |
| Other amounts receivable | 41 | €1,802 | €1,802 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €239,364 | €248,485 | +€9,121 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €250,615 | €436,953 | +€186,338 | +74.4% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €245,615 | €431,953 | +€186,338 | +75.9% |
| Amounts payable within one year | 42/48 | €245,615 | €431,953 | +€186,338 | +75.9% |
| Trade debts | 44 | €2,036 | €1,226 | -€810 | -39.8% |
| Suppliers | 440/4 | €2,036 | €1,226 | -€810 | -39.8% |
| Taxes, remuneration and social security | 45 | €44,665 | €76,888 | +€32,223 | +72.1% |
| Taxes | 450/3 | €44,665 | €76,888 | +€32,223 | +72.1% |
| Other amounts payable | 47/48 | €198,914 | €353,839 | +€154,925 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,043 | €6,285 | +€1,243 | +24.6% |
| Other operating charges | 640/8 | €638 | €544 | -€94 | -14.7% |
| Gross operating margin | 9900 | €345,915 | €626,251 | +€280,337 | +81.0% |
| Operating profit (loss) | 9901 | €340,234 | €619,422 | +€279,188 | +82.1% |
| Financial income | 75/76B | €33 | €22 | -€10 | -31.8% |
| Recurring financial income | 75 | €33 | €22 | -€10 | -31.8% |
| Financial charges | 65/66B | €320 | €213 | -€107 | -33.5% |
| Recurring financial charges | 65 | €320 | €213 | -€107 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €339,946 | €619,231 | +€279,285 | +82.2% |
| Income taxes | 67/77 | €84,198 | €158,273 | +€74,075 | +88.0% |
| Profit (loss) for the period | 9904 | €255,748 | €460,958 | +€205,210 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €255,748 | €460,958 | +€205,210 | +80.2% |
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 3 October 2026 via checked.be.