Wavan: what changed
Wavan
Largest movements
- Cash +€60,643
up €60,643 (+53.3%), from €113,873 to €174,516
mainly Net result for the year (+€44,074) and Receivables within one year (+€20,536)
- Receivables within one year -€20,536
down €20,536 (-53.5%), from €38,357 to €17,821
of which Trade receivables: -€19,585
- Stocks and contracts -€7,137
down €7,137 (-49.7%), from €14,360 to €7,223
of which Contracts in progress: -€7,687
- Reserves +€44,074
up €44,074 (+45.6%), from €96,601 to €140,674
of which Distributable reserves: +€44,074
- Trade debts -€10,656
down €10,656 (-96.4%), from €11,056 to €400
- Gross operating margin +€7,811
up €7,811 (+12.9%), from €60,542 to €68,353
- Taxes +€2,187
up €2,187 (+14.4%), from €15,235 to €17,422
- Depreciation +€1,799
up €1,799 (+974%), from €185 to €1,983
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 | €178,371 | €210,575 | +€32,205 | +18.1% |
| Fixed assets | 21/28 | €9,733 | €7,749 | -€1,983 | -20.4% |
| Tangible fixed assets | 22/27 | €9,733 | €7,749 | -€1,983 | -20.4% |
| Furniture and vehicles | 24 | €9,733 | €7,749 | -€1,983 | -20.4% |
| Current assets | 29/58 | €168,638 | €202,826 | +€34,188 | +20.3% |
| Stocks and contracts in progress | 3 | €14,360 | €7,223 | -€7,137 | -49.7% |
| Stocks | 30/36 | €3,760 | €4,310 | +€551 | +14.6% |
| Contracts in progress | 37 | €10,600 | €2,913 | -€7,687 | -72.5% |
| Amounts receivable within one year | 40/41 | €38,357 | €17,821 | -€20,536 | -53.5% |
| Trade receivables | 40 | €34,378 | €14,793 | -€19,585 | -57.0% |
| Other amounts receivable | 41 | €3,979 | €3,028 | -€951 | -23.9% |
| Cash at bank and in hand | 54/58 | €113,873 | €174,516 | +€60,643 | +53.3% |
| Deferred charges and accrued income | 490/1 | €2,049 | €3,266 | +€1,217 | +59.4% |
| Total equity and liabilities | 10/49 | €178,371 | €210,575 | +€32,205 | +18.1% |
| Equity | 10/15 | €152,664 | €196,737 | +€44,074 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,601 | €140,674 | +€44,074 | +45.6% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €87,101 | €131,174 | +€44,074 | +50.6% |
| Profit (loss) carried forward | 14 | €37,463 | €37,463 | = | 0.0% |
| Amounts payable | 17/49 | €25,707 | €13,838 | -€11,869 | -46.2% |
| Amounts payable within one year | 42/48 | €25,707 | €13,838 | -€11,869 | -46.2% |
| Trade debts | 44 | €11,056 | €400 | -€10,656 | -96.4% |
| Suppliers | 440/4 | €11,056 | €400 | -€10,656 | -96.4% |
| Taxes, remuneration and social security | 45 | €14,651 | €13,438 | -€1,213 | -8.3% |
| Taxes | 450/3 | €9,925 | €8,613 | -€1,312 | -13.2% |
| Remuneration and social security | 454/9 | €4,725 | €4,825 | +€99 | +2.1% |
| Non-recurring operating income | 76A | €28,539 | €124 | -€28,415 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €1,983 | +€1,799 | +974% |
| Other operating charges | 640/8 | €3,623 | €3,753 | +€130 | +3.6% |
| Gross operating margin | 9900 | €60,542 | €68,353 | +€7,811 | +12.9% |
| Operating profit (loss) | 9901 | €56,735 | €62,617 | +€5,882 | +10.4% |
| Financial charges | 65/66B | €666 | €1,121 | +€455 | +68.4% |
| Recurring financial charges | 65 | €666 | €1,121 | +€455 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €56,069 | €61,496 | +€5,427 | +9.7% |
| Income taxes | 67/77 | €15,235 | €17,422 | +€2,187 | +14.4% |
| Profit (loss) for the period | 9904 | €40,833 | €44,074 | +€3,240 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,833 | €44,074 | +€3,240 | +7.9% |
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 1 November 2026 via checked.be.