WAUTHY WORKS: 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.
WAUTHY WORKS
Largest movements
- Tangible fixed assets -€15,374
down €15,374 (-5.9%), from €259,103 to €243,730
of which Furniture and vehicles: -€15,580
- Stocks and contracts +€14,721
up €14,721 (+110%), from €13,384 to €28,105
- Cash +€5,484
up €5,484 (+30.5%), from €17,990 to €23,473
mainly Depreciation (+€38,086) and Trade debts (+€25,404)
- Receivables within one year +€4,038
up €4,038 (+5.3%), from €76,572 to €80,611
of which Trade receivables: +€3,926
- Debts after one year -€32,148
down €32,148 (-19.5%), from €165,238 to €133,089
- Trade debts +€25,404
up €25,404 (+79.3%), from €32,020 to €57,424
- Reserves +€8,394
up €8,394 (+7.7%), from €108,893 to €117,286
of which Distributable reserves: +€10,000
- Current portion of long-term debt +€4,316
up €4,316 (+14.3%), from €30,130 to €34,446
- Gross operating margin -€32,100
down €32,100 (-32.6%), from €98,500 to €66,400
- Staff costs -€10,698
down €10,698 (-74.0%), from €14,449 to €3,751
- Taxes -€4,454
down €4,454 (-36.1%), from €12,342 to €7,888
- Financial charges +€1,684
up €1,684 (+35.9%), from €4,688 to €6,372
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 | €372,549 | €379,329 | +€6,781 | +1.8% |
| Fixed assets | 21/28 | €261,204 | €244,755 | -€16,449 | -6.3% |
| Tangible fixed assets | 22/27 | €259,103 | €243,730 | -€15,374 | -5.9% |
| Land and buildings | 22 | €181,837 | €169,638 | -€12,199 | -6.7% |
| Plant, machinery and equipment | 23 | €12,640 | €7,941 | -€4,699 | -37.2% |
| Furniture and vehicles | 24 | €48,016 | €32,436 | -€15,580 | -32.4% |
| Other tangible fixed assets | 26 | €16,611 | €33,716 | +€17,105 | +103% |
| Financial fixed assets | 28 | €2,100 | €1,025 | -€1,075 | -51.2% |
| Current assets | 29/58 | €111,345 | €134,575 | +€23,230 | +20.9% |
| Stocks and contracts in progress | 3 | €13,384 | €28,105 | +€14,721 | +110% |
| Stocks | 30/36 | €13,384 | €28,105 | +€14,721 | +110% |
| Amounts receivable within one year | 40/41 | €76,572 | €80,611 | +€4,038 | +5.3% |
| Trade receivables | 40 | €76,572 | €80,498 | +€3,926 | +5.1% |
| Other amounts receivable | 41 | - | €112 | +€112 | |
| Cash at bank and in hand | 54/58 | €17,990 | €23,473 | +€5,484 | +30.5% |
| Deferred charges and accrued income | 490/1 | €3,399 | €2,386 | -€1,013 | -29.8% |
| Total equity and liabilities | 10/49 | €372,549 | €379,329 | +€6,781 | +1.8% |
| Equity | 10/15 | €109,202 | €120,135 | +€10,933 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,893 | €117,286 | +€8,394 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,491 | €21,885 | -€1,606 | -6.8% |
| Distributable reserves | 133 | €83,541 | €93,541 | +€10,000 | +12.0% |
| Profit (loss) carried forward | 14 | -€5,891 | -€3,352 | +€2,539 | +43.1% |
| Provisions and deferred taxes | 16 | €7,830 | €7,295 | -€535 | -6.8% |
| Deferred taxes | 168 | €7,830 | €7,295 | -€535 | -6.8% |
| Amounts payable | 17/49 | €255,517 | €251,900 | -€3,617 | -1.4% |
| Amounts payable after more than one year | 17 | €165,238 | €133,089 | -€32,148 | -19.5% |
| Financial debts | 170/4 | €165,238 | €133,089 | -€32,148 | -19.5% |
| Amounts payable within one year | 42/48 | €90,121 | €118,810 | +€28,689 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €30,130 | €34,446 | +€4,316 | +14.3% |
| Trade debts | 44 | €32,020 | €57,424 | +€25,404 | +79.3% |
| Suppliers | 440/4 | €32,020 | €57,424 | +€25,404 | +79.3% |
| Taxes, remuneration and social security | 45 | €14,483 | €14,634 | +€151 | +1.0% |
| Taxes | 450/3 | €10,638 | €11,183 | +€545 | +5.1% |
| Remuneration and social security | 454/9 | €3,845 | €3,451 | -€394 | -10.3% |
| Other amounts payable | 47/48 | €13,489 | €12,307 | -€1,182 | -8.8% |
| Accrued charges and deferred income | 492/3 | €157 | - | -€157 | |
| Remuneration, social security and pensions | 62 | €14,449 | €3,751 | -€10,698 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,535 | €38,086 | +€551 | +1.5% |
| Other operating charges | 640/8 | €142 | - | -€142 | |
| Gross operating margin | 9900 | €98,500 | €66,400 | -€32,100 | -32.6% |
| Operating profit (loss) | 9901 | €46,374 | €24,563 | -€21,811 | -47.0% |
| Financial income | 75/76B | €41 | €94 | +€53 | +128% |
| Recurring financial income | 75 | €41 | €94 | +€53 | +128% |
| Financial charges | 65/66B | €4,688 | €6,372 | +€1,684 | +35.9% |
| Recurring financial charges | 65 | €4,688 | €6,372 | +€1,684 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €41,727 | €18,285 | -€23,441 | -56.2% |
| Transfer from deferred taxes | 780 | €535 | €535 | = | 0.0% |
| Income taxes | 67/77 | €12,342 | €7,888 | -€4,454 | -36.1% |
| Profit (loss) for the period | 9904 | €29,921 | €10,933 | -€18,988 | -63.5% |
| Transfer from tax-exempt reserves | 789 | €1,606 | €1,606 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,527 | €12,539 | -€18,988 | -60.2% |
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 31 October 2026 via checked.be.