WAUTERS: 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.
WAUTERS
Largest movements
- Tangible fixed assets -€31,145
down €31,145 (-34.8%), from €89,375 to €58,230
of which Leasing and similar rights: -€33,000
- Cash -€4,077
no longer reported in 2025 (was €4,077)
mainly Net result for the year (-€26,293) and Debts after one year (-€25,578)
- Profit (loss) carried forward -€26,293
down €26,293 (-22.8%), from €115,382 to €89,089
- Debts after one year -€25,578
down €25,578 (-36.7%), from €69,692 to €44,114
- Short-term financial debts +€17,212
new in 2025: €17,212
- Tax, wage and social debts -€2,865
down €2,865 (-47.1%), from €6,084 to €3,220
- Gross operating margin -€36,496
down €36,496 (-74.5%), from €49,014 to €12,518
- Financial charges -€4,701
down €4,701 (-45.6%), from €10,307 to €5,606
of which Non-recurring financial charges: -€2,414
- Taxes -€3,778
no longer reported in 2025 (was €3,778)
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 | €244,334 | €209,521 | -€34,813 | -14.2% |
| Fixed assets | 21/28 | €89,474 | €58,329 | -€31,145 | -34.8% |
| Tangible fixed assets | 22/27 | €89,375 | €58,230 | -€31,145 | -34.8% |
| Furniture and vehicles | 24 | - | €1,855 | +€1,855 | |
| Leasing and similar rights | 25 | €89,375 | €56,375 | -€33,000 | -36.9% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €154,860 | €151,192 | -€3,667 | -2.4% |
| Amounts receivable within one year | 40/41 | €149,208 | €149,371 | +€163 | +0.1% |
| Trade receivables | 40 | €18,756 | €10,147 | -€8,610 | -45.9% |
| Other amounts receivable | 41 | €130,452 | €139,224 | +€8,773 | +6.7% |
| Cash at bank and in hand | 54/58 | €4,077 | - | -€4,077 | |
| Deferred charges and accrued income | 490/1 | €1,575 | €1,821 | +€246 | +15.7% |
| Total equity and liabilities | 10/49 | €244,334 | €209,521 | -€34,813 | -14.2% |
| Equity | 10/15 | €135,834 | €109,541 | -€26,293 | -19.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,382 | €89,089 | -€26,293 | -22.8% |
| Amounts payable | 17/49 | €108,500 | €99,981 | -€8,520 | -7.9% |
| Amounts payable after more than one year | 17 | €69,692 | €44,114 | -€25,578 | -36.7% |
| Financial debts | 170/4 | €69,692 | €44,114 | -€25,578 | -36.7% |
| Amounts payable within one year | 42/48 | €38,808 | €55,867 | +€17,058 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €24,434 | €25,578 | +€1,144 | +4.7% |
| Financial debts | 43 | - | €17,212 | +€17,212 | |
| Credit institutions | 430/8 | - | €17,212 | +€17,212 | |
| Trade debts | 44 | €8,290 | €9,857 | +€1,567 | +18.9% |
| Suppliers | 440/4 | €8,290 | €9,857 | +€1,567 | +18.9% |
| Taxes, remuneration and social security | 45 | €6,084 | €3,220 | -€2,865 | -47.1% |
| Taxes | 450/3 | €6,084 | €3,220 | -€2,865 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,000 | €33,029 | +€29 | +0.1% |
| Other operating charges | 640/8 | €275 | €192 | -€83 | -30.2% |
| Gross operating margin | 9900 | €49,014 | €12,518 | -€36,496 | -74.5% |
| Operating profit (loss) | 9901 | €15,739 | -€20,703 | -€36,442 | |
| Financial income | 75/76B | €1 | €16 | +€15 | +1,350% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +1,350% |
| Financial charges | 65/66B | €10,307 | €5,606 | -€4,701 | -45.6% |
| Recurring financial charges | 65 | €7,743 | €5,456 | -€2,287 | -29.5% |
| Non-recurring financial charges | 66B | €2,564 | €150 | -€2,414 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | €5,433 | -€26,293 | -€31,726 | |
| Income taxes | 67/77 | €3,778 | - | -€3,778 | |
| Profit (loss) for the period | 9904 | €1,655 | -€26,293 | -€27,948 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,655 | -€26,293 | -€27,948 |
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 13 October 2026 via checked.be.