WAVANTI: what changed
WAVANTI
Largest movements
- Receivables within one year +€50,669
up €50,669 (+117%), from €43,223 to €93,892
of which Other amounts receivable: +€55,055
- Cash -€13,661
down €13,661 (-31.8%), from €42,939 to €29,278
mainly Debts after one year (-€65,396) and Receivables within one year (-€50,669)
- Reserves +€105,125
up €105,125 (+25.8%), from €406,679 to €511,804
- Debts after one year -€65,396
down €65,396 (-44.2%), from €148,056 to €82,660
- Other debts -€15,083
down €15,083 (-100%), from €15,083 to €0
- Tax, wage and social debts +€13,401
up €13,401 (+99.6%), from €13,456 to €26,857
- Gross operating margin +€77,637
up €77,637 (+89.3%), from €86,892 to €164,530
- Taxes +€13,348
up €13,348 (+75.9%), from €17,592 to €30,939
- Depreciation +€4,958
up €4,958 (+32.1%), from €15,429 to €20,388
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 | €653,369 | €691,909 | +€38,540 | +5.9% |
| Fixed assets | 21/28 | €559,681 | €563,829 | +€4,148 | +0.7% |
| Tangible fixed assets | 22/27 | €559,681 | €563,829 | +€4,148 | +0.7% |
| Land and buildings | 22 | €527,444 | €526,312 | -€1,132 | -0.2% |
| Furniture and vehicles | 24 | €10,216 | €11,483 | +€1,268 | +12.4% |
| Other tangible fixed assets | 26 | €22,022 | €26,033 | +€4,012 | +18.2% |
| Current assets | 29/58 | €93,688 | €128,080 | +€34,392 | +36.7% |
| Amounts receivable within one year | 40/41 | €43,223 | €93,892 | +€50,669 | +117% |
| Trade receivables | 40 | €34,665 | €30,280 | -€4,385 | -12.7% |
| Other amounts receivable | 41 | €8,557 | €63,612 | +€55,055 | +643% |
| Cash at bank and in hand | 54/58 | €42,939 | €29,278 | -€13,661 | -31.8% |
| Deferred charges and accrued income | 490/1 | €7,527 | €4,910 | -€2,616 | -34.8% |
| Total equity and liabilities | 10/49 | €653,369 | €691,909 | +€38,540 | +5.9% |
| Equity | 10/15 | €407,679 | €512,804 | +€105,125 | +25.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €406,679 | €511,804 | +€105,125 | +25.8% |
| Distributable reserves | 133 | €406,679 | €511,804 | +€105,125 | +25.8% |
| Amounts payable | 17/49 | €245,690 | €179,105 | -€66,585 | -27.1% |
| Amounts payable after more than one year | 17 | €148,056 | €82,660 | -€65,396 | -44.2% |
| Financial debts | 170/4 | €148,056 | €82,660 | -€65,396 | -44.2% |
| Amounts payable within one year | 42/48 | €97,634 | €96,445 | -€1,190 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €67,298 | €65,396 | -€1,903 | -2.8% |
| Trade debts | 44 | €1,797 | €4,192 | +€2,395 | +133% |
| Suppliers | 440/4 | €1,797 | €4,192 | +€2,395 | +133% |
| Taxes, remuneration and social security | 45 | €13,456 | €26,857 | +€13,401 | +99.6% |
| Taxes | 450/3 | €13,456 | €26,857 | +€13,401 | +99.6% |
| Other amounts payable | 47/48 | €15,083 | €0 | -€15,083 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,429 | €20,388 | +€4,958 | +32.1% |
| Other operating charges | 640/8 | €4,142 | €4,142 | +€0 | 0.0% |
| Gross operating margin | 9900 | €86,892 | €164,530 | +€77,637 | +89.3% |
| Operating profit (loss) | 9901 | €67,321 | €140,000 | +€72,679 | +108% |
| Financial income | 75/76B | €0 | €143 | +€143 | +204,714% |
| Recurring financial income | 75 | €0 | €143 | +€143 | +204,714% |
| Financial charges | 65/66B | €4,009 | €4,079 | +€70 | +1.7% |
| Recurring financial charges | 65 | €4,009 | €4,079 | +€70 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €63,312 | €136,064 | +€72,752 | +115% |
| Income taxes | 67/77 | €17,592 | €30,939 | +€13,348 | +75.9% |
| Profit (loss) for the period | 9904 | €45,721 | €105,125 | +€59,404 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €45,721 | €105,125 | +€59,404 | +130% |
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.