WAVE architecture: 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.
WAVE architecture
Largest movements
- Cash +€26,276
up €26,276 (+127%), from €20,746 to €47,022
mainly Net result for the year (+€9,575) and Trade debts (+€7,495)
- Tangible fixed assets -€3,665
down €3,665 (-12.6%), from €29,057 to €25,392
of which Other tangible fixed assets: -€2,037
- Profit (loss) carried forward +€9,575
up €9,575 (+3.5%), from €269,969 to €279,544
- Trade debts +€7,495
up €7,495 (+103%), from €7,258 to €14,753
- Tax, wage and social debts +€5,904
up €5,904 (+345%), from €1,712 to €7,616
- Gross operating margin +€5,106
up €5,106 (+40.0%), from €12,779 to €17,885
- Staff costs -€3,218
down €3,218 (-99.1%), from €3,246 to €28
- Taxes +€2,328
new in 2025: €2,328
- Depreciation -€440
down €440 (-7.4%), from €5,910 to €5,470
- Other operating charges -€290
down €290 (-42.0%), from €690 to €400
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 | €317,665 | €340,289 | +€22,624 | +7.1% |
| Fixed assets | 21/28 | €279,175 | €275,510 | -€3,665 | -1.3% |
| Tangible fixed assets | 22/27 | €29,057 | €25,392 | -€3,665 | -12.6% |
| Plant, machinery and equipment | 23 | €5,586 | €4,876 | -€710 | -12.7% |
| Furniture and vehicles | 24 | €6,549 | €5,631 | -€918 | -14.0% |
| Other tangible fixed assets | 26 | €16,922 | €14,885 | -€2,037 | -12.0% |
| Financial fixed assets | 28 | €250,118 | €250,118 | = | 0.0% |
| Current assets | 29/58 | €38,490 | €64,779 | +€26,289 | +68.3% |
| Amounts receivable within one year | 40/41 | €11,748 | €14,841 | +€3,093 | +26.3% |
| Trade receivables | 40 | €7,031 | €731 | -€6,300 | -89.6% |
| Other amounts receivable | 41 | €4,717 | €14,110 | +€9,393 | +199% |
| Cash at bank and in hand | 54/58 | €20,746 | €47,022 | +€26,276 | +127% |
| Deferred charges and accrued income | 490/1 | €5,996 | €2,916 | -€3,080 | -51.4% |
| Total equity and liabilities | 10/49 | €317,665 | €340,289 | +€22,624 | +7.1% |
| Equity | 10/15 | €308,029 | €317,604 | +€9,575 | +3.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,969 | €279,544 | +€9,575 | +3.5% |
| Amounts payable | 17/49 | €9,636 | €22,685 | +€13,049 | +135% |
| Amounts payable within one year | 42/48 | €8,970 | €22,369 | +€13,399 | +149% |
| Trade debts | 44 | €7,258 | €14,753 | +€7,495 | +103% |
| Suppliers | 440/4 | €7,258 | €14,753 | +€7,495 | +103% |
| Taxes, remuneration and social security | 45 | €1,712 | €7,616 | +€5,904 | +345% |
| Taxes | 450/3 | €1,712 | €7,616 | +€5,904 | +345% |
| Accrued charges and deferred income | 492/3 | €666 | €316 | -€350 | -52.6% |
| Remuneration, social security and pensions | 62 | €3,246 | €28 | -€3,218 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,910 | €5,470 | -€440 | -7.4% |
| Other operating charges | 640/8 | €690 | €400 | -€290 | -42.0% |
| Gross operating margin | 9900 | €12,779 | €17,885 | +€5,106 | +40.0% |
| Operating profit (loss) | 9901 | €2,933 | €11,987 | +€9,054 | +309% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €64 | €84 | +€20 | +31.3% |
| Recurring financial charges | 65 | €64 | €84 | +€20 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €2,870 | €11,903 | +€9,033 | +315% |
| Income taxes | 67/77 | - | €2,328 | +€2,328 | |
| Profit (loss) for the period | 9904 | €2,870 | €9,575 | +€6,705 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €2,870 | €9,575 | +€6,705 | +234% |
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 14 October 2026 via checked.be.