WAUTEAM: 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.
WAUTEAM
Largest movements
- Tangible fixed assets -€142,617
down €142,617 (-10.0%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€122,098
- Receivables within one year +€92,039
up €92,039 (+38.5%), from €238,948 to €330,988
of which Trade receivables: +€90,138
- Other debts +€167,277
up €167,277 (+446.6%), from €37,452 to €204,728
- Debts after one year -€165,809
down €165,809 (-13.3%), from €1.2m to €1.1m
- Profit (loss) carried forward -€77,725
down €77,725 (-70.6%), from €110,103 to €32,378
- Gross operating margin +€106,782
up €106,782 (+52.4%), from €203,916 to €310,698
- Taxes +€18,259
new in 2025: €18,259
- Financial charges -€7,646
down €7,646 (-13.0%), from €58,956 to €51,311
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 | €1,716,019 | €1,647,080 | -€68,939 | -4.0% |
| Fixed assets | 21/28 | €1,426,664 | €1,284,048 | -€142,617 | -10.0% |
| Tangible fixed assets | 22/27 | €1,426,664 | €1,284,048 | -€142,617 | -10.0% |
| Land and buildings | 22 | €425,736 | €405,217 | -€20,519 | -4.8% |
| Plant, machinery and equipment | 23 | €1,000,929 | €878,831 | -€122,098 | -12.2% |
| Current assets | 29/58 | €289,354 | €363,033 | +€73,678 | +25.5% |
| Stocks and contracts in progress | 3 | €20,502 | €5,566 | -€14,936 | -72.9% |
| Stocks | 30/36 | €20,502 | €5,566 | -€14,936 | -72.9% |
| Amounts receivable within one year | 40/41 | €238,948 | €330,988 | +€92,039 | +38.5% |
| Trade receivables | 40 | €236,998 | €327,136 | +€90,138 | +38.0% |
| Other amounts receivable | 41 | €1,951 | €3,852 | +€1,901 | +97.5% |
| Cash at bank and in hand | 54/58 | €25,109 | €23,475 | -€1,634 | -6.5% |
| Deferred charges and accrued income | 490/1 | €4,795 | €3,004 | -€1,791 | -37.4% |
| Total equity and liabilities | 10/49 | €1,716,019 | €1,647,080 | -€68,939 | -4.0% |
| Equity | 10/15 | €154,103 | €76,378 | -€77,725 | -50.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,103 | €32,378 | -€77,725 | -70.6% |
| Amounts payable | 17/49 | €1,561,916 | €1,570,702 | +€8,786 | +0.6% |
| Amounts payable after more than one year | 17 | €1,246,769 | €1,080,960 | -€165,809 | -13.3% |
| Financial debts | 170/4 | €1,246,769 | €1,080,960 | -€165,809 | -13.3% |
| Amounts payable within one year | 42/48 | €315,147 | €489,742 | +€174,595 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €167,769 | €165,809 | -€1,960 | -1.2% |
| Trade debts | 44 | €102,627 | €93,552 | -€9,076 | -8.8% |
| Suppliers | 440/4 | €102,627 | €93,552 | -€9,076 | -8.8% |
| Advances received on contracts in progress | 46 | - | €2,095 | +€2,095 | |
| Taxes, remuneration and social security | 45 | €7,300 | €23,559 | +€16,259 | +222.7% |
| Taxes | 450/3 | €3,300 | €21,559 | +€18,259 | +553.3% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | €37,452 | €204,728 | +€167,277 | +446.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,894 | €150,867 | +€2,972 | +2.0% |
| Other operating charges | 640/8 | €1,593 | €2,217 | +€624 | +39.2% |
| Gross operating margin | 9900 | €203,916 | €310,698 | +€106,782 | +52.4% |
| Operating profit (loss) | 9901 | €54,428 | €157,614 | +€103,186 | +189.6% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €58,956 | €51,311 | -€7,646 | -13.0% |
| Recurring financial charges | 65 | €58,956 | €51,311 | -€7,646 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,528 | €106,334 | +€110,862 | |
| Income taxes | 67/77 | - | €18,259 | +€18,259 | |
| Profit (loss) for the period | 9904 | -€4,528 | €88,075 | +€92,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,528 | €88,075 | +€92,603 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.