WAUDI: 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.
WAUDI
Largest movements
- Cash +€25,640
up €25,640 (+8.3%), from €309,949 to €335,589
mainly Net result for the year (+€54,958) and Investment in fixed assets (net) (+€13,707)
- Tangible fixed assets -€18,404
down €18,404 (-30.0%), from €61,428 to €43,025
of which Plant, machinery and equipment: -€17,678
- Reserves +€46,848
up €46,848 (+18.0%), from €260,503 to €307,350
of which Distributable reserves: +€46,848
- Tax, wage and social debts -€15,223
down €15,223 (-29.4%), from €51,749 to €36,526
of which Remuneration and social security: -€10,176
- Trade debts -€11,228
down €11,228 (-31.6%), from €35,562 to €24,334
- Other debts -€10,866
down €10,866 (-48.2%), from €22,546 to €11,680
- Staff costs -€27,270
down €27,270 (-16.7%), from €162,863 to €135,593
- Gross operating margin -€18,714
down €18,714 (-7.4%), from €251,351 to €232,638
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 | €386,410 | €393,667 | +€7,258 | +1.9% |
| Fixed assets | 21/28 | €65,024 | €45,908 | -€19,116 | -29.4% |
| Tangible fixed assets | 22/27 | €61,428 | €43,025 | -€18,404 | -30.0% |
| Land and buildings | 22 | €22,310 | €22,310 | = | 0.0% |
| Plant, machinery and equipment | 23 | €34,763 | €17,086 | -€17,678 | -50.9% |
| Furniture and vehicles | 24 | €2,752 | €2,197 | -€555 | -20.2% |
| Other tangible fixed assets | 26 | €1,602 | €1,431 | -€171 | -10.7% |
| Financial fixed assets | 28 | €3,596 | €2,883 | -€712 | -19.8% |
| Current assets | 29/58 | €321,386 | €347,759 | +€26,374 | +8.2% |
| Stocks and contracts in progress | 3 | €3,145 | €3,027 | -€119 | -3.8% |
| Stocks | 30/36 | €3,145 | €3,027 | -€119 | -3.8% |
| Amounts receivable within one year | 40/41 | €5,585 | €5,905 | +€320 | +5.7% |
| Trade receivables | 40 | €593 | €1,363 | +€770 | +129.7% |
| Other amounts receivable | 41 | €4,992 | €4,541 | -€450 | -9.0% |
| Cash at bank and in hand | 54/58 | €309,949 | €335,589 | +€25,640 | +8.3% |
| Deferred charges and accrued income | 490/1 | €2,706 | €3,239 | +€532 | +19.7% |
| Total equity and liabilities | 10/49 | €386,410 | €393,667 | +€7,258 | +1.9% |
| Equity | 10/15 | €268,109 | €314,956 | +€46,848 | +17.5% |
| Contributions | 10/11 | €7,606 | €7,606 | = | 0.0% |
| Reserves | 13 | €260,503 | €307,350 | +€46,848 | +18.0% |
| Non-distributable reserves | 130/1 | €2,004 | €2,004 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,004 | €2,004 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,606 | €18,606 | = | 0.0% |
| Distributable reserves | 133 | €239,892 | €286,740 | +€46,848 | +19.5% |
| Amounts payable | 17/49 | €118,301 | €78,711 | -€39,590 | -33.5% |
| Amounts payable within one year | 42/48 | €118,301 | €78,444 | -€39,857 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €8,444 | €5,904 | -€2,540 | -30.1% |
| Trade debts | 44 | €35,562 | €24,334 | -€11,228 | -31.6% |
| Suppliers | 440/4 | €35,562 | €24,334 | -€11,228 | -31.6% |
| Taxes, remuneration and social security | 45 | €51,749 | €36,526 | -€15,223 | -29.4% |
| Taxes | 450/3 | €19,975 | €14,929 | -€5,046 | -25.3% |
| Remuneration and social security | 454/9 | €31,774 | €21,598 | -€10,176 | -32.0% |
| Other amounts payable | 47/48 | €22,546 | €11,680 | -€10,866 | -48.2% |
| Accrued charges and deferred income | 492/3 | - | €266 | +€266 | |
| Remuneration, social security and pensions | 62 | €162,863 | €135,593 | -€27,270 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,891 | €5,409 | -€483 | -8.2% |
| Other operating charges | 640/8 | €4,911 | €5,041 | +€130 | +2.6% |
| Non-recurring operating charges | 66A | €1,353 | €8,433 | +€7,079 | +523.2% |
| Gross operating margin | 9900 | €251,351 | €232,638 | -€18,714 | -7.4% |
| Operating profit (loss) | 9901 | €76,332 | €78,162 | +€1,829 | +2.4% |
| Financial income | 75/76B | €1,831 | €413 | -€1,418 | -77.4% |
| Recurring financial income | 75 | €1,830 | €413 | -€1,417 | -77.4% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,927 | €2,541 | +€614 | +31.9% |
| Recurring financial charges | 65 | €1,834 | €2,406 | +€571 | +31.1% |
| Non-recurring financial charges | 66B | €93 | €136 | +€43 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €76,237 | €76,034 | -€203 | -0.3% |
| Income taxes | 67/77 | €20,901 | €21,076 | +€175 | +0.8% |
| Profit (loss) for the period | 9904 | €55,336 | €54,958 | -€378 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,336 | €54,958 | -€378 | -0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.