WAUTERS & BACHY: what changed
WAUTERS & BACHY
Largest movements
- Intangible fixed assets -€280,727
down €280,727 (-12.1%), from €2.3m to €2.0m
- Cash -€144,223
down €144,223 (-24.0%), from €601,871 to €457,647
mainly Contributions, distributions and other (-€394,000) and Debts after one year (-€325,481)
- Tangible fixed assets -€60,009
down €60,009 (-18.9%), from €317,900 to €257,891
of which Furniture and vehicles: -€51,897
- Receivables within one year -€40,993
down €40,993 (-24.9%), from €164,418 to €123,426
of which Trade receivables: -€45,993
- Debts after one year -€325,481
down €325,481 (-15.0%), from €2.2m to €1.8m
- Other debts -€165,002
down €165,002 (-27.9%), from €590,930 to €425,928
- Tax, wage and social debts -€57,510
down €57,510 (-28.1%), from €204,868 to €147,358
of which Taxes: -€79,293
- Gross operating margin +€170,649
up €170,649 (+11.4%), from €1.5m to €1.7m
- Staff costs +€164,556
up €164,556 (+25.2%), from €652,964 to €817,520
- Financial income +€20,492
up €20,492 (+88.0%), from €23,276 to €43,767
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,408,148 | €2,879,308 | -€528,840 | -15.5% |
| Fixed assets | 21/28 | €2,633,901 | €2,293,164 | -€340,736 | -12.9% |
| Intangible fixed assets | 21 | €2,316,000 | €2,035,273 | -€280,727 | -12.1% |
| Tangible fixed assets | 22/27 | €317,900 | €257,891 | -€60,009 | -18.9% |
| Furniture and vehicles | 24 | €241,781 | €189,884 | -€51,897 | -21.5% |
| Other tangible fixed assets | 26 | €76,120 | €68,008 | -€8,112 | -10.7% |
| Current assets | 29/58 | €774,247 | €586,144 | -€188,104 | -24.3% |
| Amounts receivable within one year | 40/41 | €164,418 | €123,426 | -€40,993 | -24.9% |
| Trade receivables | 40 | €164,418 | €118,426 | -€45,993 | -28.0% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €601,871 | €457,647 | -€144,223 | -24.0% |
| Deferred charges and accrued income | 490/1 | €7,959 | €5,071 | -€2,888 | -36.3% |
| Total equity and liabilities | 10/49 | €3,408,148 | €2,879,308 | -€528,840 | -15.5% |
| Equity | 10/15 | €5,211 | €5,702 | +€491 | +9.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211 | €702 | +€491 | +232% |
| Amounts payable | 17/49 | €3,402,937 | €2,873,606 | -€529,331 | -15.6% |
| Amounts payable after more than one year | 17 | €2,174,139 | €1,848,659 | -€325,481 | -15.0% |
| Financial debts | 170/4 | €2,174,139 | €1,848,659 | -€325,481 | -15.0% |
| Amounts payable within one year | 42/48 | €1,201,136 | €997,799 | -€203,338 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €328,142 | €325,481 | -€2,661 | -0.8% |
| Trade debts | 44 | €77,197 | €99,031 | +€21,835 | +28.3% |
| Suppliers | 440/4 | €77,197 | €99,031 | +€21,835 | +28.3% |
| Taxes, remuneration and social security | 45 | €204,868 | €147,358 | -€57,510 | -28.1% |
| Taxes | 450/3 | €135,845 | €56,552 | -€79,293 | -58.4% |
| Remuneration and social security | 454/9 | €69,024 | €90,807 | +€21,783 | +31.6% |
| Other amounts payable | 47/48 | €590,930 | €425,928 | -€165,002 | -27.9% |
| Accrued charges and deferred income | 492/3 | €27,661 | €27,148 | -€512 | -1.9% |
| Remuneration, social security and pensions | 62 | €652,964 | €817,520 | +€164,556 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,330 | €367,761 | +€9,430 | +2.6% |
| Other operating charges | 640/8 | €73,685 | €71,650 | -€2,036 | -2.8% |
| Gross operating margin | 9900 | €1,499,530 | €1,670,179 | +€170,649 | +11.4% |
| Operating profit (loss) | 9901 | €414,550 | €413,249 | -€1,302 | -0.3% |
| Financial income | 75/76B | €23,276 | €43,767 | +€20,492 | +88.0% |
| Recurring financial income | 75 | €23,276 | €43,767 | +€20,492 | +88.0% |
| Financial charges | 65/66B | €60,244 | €55,010 | -€5,233 | -8.7% |
| Recurring financial charges | 65 | €60,244 | €55,010 | -€5,233 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €377,582 | €402,006 | +€24,424 | +6.5% |
| Income taxes | 67/77 | €8,430 | €7,515 | -€915 | -10.9% |
| Profit (loss) for the period | 9904 | €369,153 | €394,491 | +€25,338 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €369,153 | €394,491 | +€25,338 | +6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.