WAUDOC: 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.
WAUDOC
Largest movements
- Cash +€77,006
up €77,006 (+47.2%), from €163,087 to €240,093
mainly Net result for the year (+€161,534) and Other debts (+€154,459)
- Intangible fixed assets -€32,867
down €32,867 (-23.1%), from €142,036 to €109,169
- Current investments +€30,056
up €30,056 (+32.5%), from €92,500 to €122,556
- Deferred charges and accrued income +€20,306
up €20,306 (+19.9%), from €101,877 to €122,183
- Receivables within one year +€13,964
up €13,964 (+33.8%), from €41,336 to €55,299
- Other debts +€154,459
up €154,459 (+2183.3%), from €7,075 to €161,534
- Debts after one year -€26,838
down €26,838 (-28.3%), from €94,673 to €67,834
- Current portion of long-term debt -€19,719
down €19,719 (-42.4%), from €46,558 to €26,838
- Tax, wage and social debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Gross operating margin +€28,721
up €28,721 (+12.3%), from €232,698 to €261,419
- Financial charges -€6,631
down €6,631 (-59.1%), from €11,217 to €4,587
- Taxes -€3,242
down €3,242 (-6.2%), from €51,942 to €48,701
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 | €568,813 | €664,424 | +€95,611 | +16.8% |
| Fixed assets | 21/28 | €170,013 | €124,292 | -€45,721 | -26.9% |
| Intangible fixed assets | 21 | €142,036 | €109,169 | -€32,867 | -23.1% |
| Tangible fixed assets | 22/27 | €27,977 | €15,123 | -€12,854 | -45.9% |
| Furniture and vehicles | 24 | €27,977 | €15,123 | -€12,854 | -45.9% |
| Current assets | 29/58 | €398,800 | €540,132 | +€141,332 | +35.4% |
| Amounts receivable within one year | 40/41 | €41,336 | €55,299 | +€13,964 | +33.8% |
| Other amounts receivable | 41 | €41,336 | €55,299 | +€13,964 | +33.8% |
| Current investments | 50/53 | €92,500 | €122,556 | +€30,056 | +32.5% |
| Cash at bank and in hand | 54/58 | €163,087 | €240,093 | +€77,006 | +47.2% |
| Deferred charges and accrued income | 490/1 | €101,877 | €122,183 | +€20,306 | +19.9% |
| Total equity and liabilities | 10/49 | €568,813 | €664,424 | +€95,611 | +16.8% |
| Equity | 10/15 | €408,209 | €408,209 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €405,209 | €405,209 | = | 0.0% |
| Distributable reserves | 133 | €405,209 | €405,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €160,604 | €256,215 | +€95,611 | +59.5% |
| Amounts payable after more than one year | 17 | €94,673 | €67,834 | -€26,838 | -28.3% |
| Financial debts | 170/4 | €94,673 | €67,834 | -€26,838 | -28.3% |
| Amounts payable within one year | 42/48 | €60,647 | €188,372 | +€127,725 | +210.6% |
| Current portion of amounts payable after more than one year | 42 | €46,558 | €26,838 | -€19,719 | -42.4% |
| Trade debts | 44 | €15 | €0 | -€15 | -100.0% |
| Suppliers | 440/4 | €15 | €0 | -€15 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,000 | €0 | -€7,000 | -100.0% |
| Taxes | 450/3 | €7,000 | €0 | -€7,000 | -100.0% |
| Other amounts payable | 47/48 | €7,075 | €161,534 | +€154,459 | +2183.3% |
| Accrued charges and deferred income | 492/3 | €5,284 | €9 | -€5,276 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,646 | €46,740 | +€94 | +0.2% |
| Other operating charges | 640/8 | €436 | €448 | +€12 | +2.8% |
| Gross operating margin | 9900 | €232,698 | €261,419 | +€28,721 | +12.3% |
| Operating profit (loss) | 9901 | €185,616 | €214,230 | +€28,614 | +15.4% |
| Financial income | 75/76B | - | €591 | +€591 | |
| Recurring financial income | 75 | - | €591 | +€591 | |
| Financial charges | 65/66B | €11,217 | €4,587 | -€6,631 | -59.1% |
| Recurring financial charges | 65 | €11,217 | €4,587 | -€6,631 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €174,398 | €210,234 | +€35,836 | +20.5% |
| Income taxes | 67/77 | €51,942 | €48,701 | -€3,242 | -6.2% |
| Profit (loss) for the period | 9904 | €122,456 | €161,534 | +€39,077 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,456 | €161,534 | +€39,077 | +31.9% |
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 28 September 2026 via checked.be.