WaVaMe: 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.
WaVaMe
Largest movements
- Cash +€92,458
up €92,458 (+154%), from €60,104 to €152,562
mainly Net result for the year (+€96,102) and Other debts (+€95,577)
- Financial fixed assets -€49,995
down €49,995 (-87.0%), from €57,495 to €7,500
- Receivables within one year +€13,739
new in 2025: €13,739
of which Trade receivables: +€10,666
- Tangible fixed assets +€2,631
up €2,631 (+48.5%), from €5,425 to €8,056
of which Furniture and vehicles: +€3,353
- Other debts +€95,577
up €95,577 (+337%), from €28,399 to €123,976
- Profit (loss) carried forward -€49,530
down €49,530 (-93.9%), from €52,743 to €3,214
- Tax, wage and social debts +€19,577
up €19,577 (+281%), from €6,973 to €26,550
- Debts after one year -€7,433
down €7,433 (-92.3%), from €8,058 to €624
- Financial income +€72,555
new in 2025: €72,555
- Taxes +€24,232
up €24,232 (+238%), from €10,194 to €34,427
- Gross operating margin +€22,310
up €22,310 (+58.1%), from €38,405 to €60,715
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 | €124,142 | €183,145 | +€59,003 | +47.5% |
| Fixed assets | 21/28 | €62,920 | €15,556 | -€47,364 | -75.3% |
| Tangible fixed assets | 22/27 | €5,425 | €8,056 | +€2,631 | +48.5% |
| Land and buildings | 22 | €5,425 | €4,704 | -€722 | -13.3% |
| Furniture and vehicles | 24 | - | €3,353 | +€3,353 | |
| Financial fixed assets | 28 | €57,495 | €7,500 | -€49,995 | -87.0% |
| Current assets | 29/58 | €61,222 | €167,589 | +€106,367 | +174% |
| Amounts receivable within one year | 40/41 | - | €13,739 | +€13,739 | |
| Trade receivables | 40 | - | €10,666 | +€10,666 | |
| Other amounts receivable | 41 | - | €3,073 | +€3,073 | |
| Cash at bank and in hand | 54/58 | €60,104 | €152,562 | +€92,458 | +154% |
| Deferred charges and accrued income | 490/1 | €1,117 | €1,288 | +€170 | +15.2% |
| Total equity and liabilities | 10/49 | €124,142 | €183,145 | +€59,003 | +47.5% |
| Equity | 10/15 | €71,343 | €21,814 | -€49,530 | -69.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,743 | €3,214 | -€49,530 | -93.9% |
| Amounts payable | 17/49 | €52,799 | €161,332 | +€108,533 | +206% |
| Amounts payable after more than one year | 17 | €8,058 | €624 | -€7,433 | -92.3% |
| Financial debts | 170/4 | €8,058 | €624 | -€7,433 | -92.3% |
| Amounts payable within one year | 42/48 | €44,581 | €160,548 | +€115,967 | +260% |
| Current portion of amounts payable after more than one year | 42 | €7,331 | €7,433 | +€102 | +1.4% |
| Trade debts | 44 | €1,877 | €2,588 | +€711 | +37.9% |
| Suppliers | 440/4 | €1,877 | €2,588 | +€711 | +37.9% |
| Taxes, remuneration and social security | 45 | €6,973 | €26,550 | +€19,577 | +281% |
| Taxes | 450/3 | €6,973 | €26,550 | +€19,577 | +281% |
| Other amounts payable | 47/48 | €28,399 | €123,976 | +€95,577 | +337% |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €848 | +€126 | +17.5% |
| Other operating charges | 640/8 | €891 | €681 | -€210 | -23.5% |
| Gross operating margin | 9900 | €38,405 | €60,715 | +€22,310 | +58.1% |
| Operating profit (loss) | 9901 | €36,792 | €59,186 | +€22,394 | +60.9% |
| Financial income | 75/76B | - | €72,555 | +€72,555 | |
| Recurring financial income | 75 | - | €72,555 | +€72,555 | |
| Financial charges | 65/66B | €1,793 | €1,212 | -€581 | -32.4% |
| Recurring financial charges | 65 | €1,793 | €1,212 | -€581 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €35,000 | €130,529 | +€95,529 | +273% |
| Income taxes | 67/77 | €10,194 | €34,427 | +€24,232 | +238% |
| Profit (loss) for the period | 9904 | €24,805 | €96,102 | +€71,297 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €24,805 | €96,102 | +€71,297 | +287% |
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.