Wave Audio: what changed
Two fiscal 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 Audio
Largest movements
- Receivables within one year +€9,524
up €9,524 (+170.7%), from €5,581 to €15,105
of which Other amounts receivable: +€5,657
- Intangible fixed assets -€7,574
down €7,574 (-14.3%), from €53,019 to €45,445
- Tangible fixed assets +€4,809
up €4,809 (+7.1%), from €67,907 to €72,716
of which Plant, machinery and equipment: +€4,501
- Reserves +€22,313
up €22,313 (+28.2%), from €79,253 to €101,566
- Other debts -€8,239
down €8,239 (-20.1%), from €40,918 to €32,679
- Current portion of long-term debt -€2,983
no longer reported in 2025 (was €2,983)
- Trade debts -€2,255
down €2,255 (-30.2%), from €7,468 to €5,212
- Accrued charges and deferred income -€2,094
down €2,094 (-41.8%), from €5,005 to €2,912
- Gross operating margin -€5,587
down €5,587 (-7.2%), from €77,917 to €72,331
- Depreciation +€2,830
up €2,830 (+7.2%), from €39,282 to €42,113
- Financial charges -€1,436
down €1,436 (-22.0%), from €6,541 to €5,105
- Taxes +€1,343
new in 2025: €1,343
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.
Cash bridge derived
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 | €158,399 | €164,717 | +€6,318 | +4.0% |
| Fixed assets | 21/28 | €120,926 | €118,161 | -€2,765 | -2.3% |
| Intangible fixed assets | 21 | €53,019 | €45,445 | -€7,574 | -14.3% |
| Tangible fixed assets | 22/27 | €67,907 | €72,716 | +€4,809 | +7.1% |
| Plant, machinery and equipment | 23 | €56,536 | €61,037 | +€4,501 | +8.0% |
| Furniture and vehicles | 24 | €4,349 | €6,368 | +€2,019 | +46.4% |
| Other tangible fixed assets | 26 | €7,022 | €5,311 | -€1,711 | -24.4% |
| Current assets | 29/58 | €37,473 | €46,556 | +€9,083 | +24.2% |
| Amounts receivable within one year | 40/41 | €5,581 | €15,105 | +€9,524 | +170.7% |
| Trade receivables | 40 | €5,581 | €9,448 | +€3,868 | +69.3% |
| Other amounts receivable | 41 | - | €5,657 | +€5,657 | |
| Cash at bank and in hand | 54/58 | €31,444 | €30,987 | -€457 | -1.5% |
| Deferred charges and accrued income | 490/1 | €449 | €465 | +€16 | +3.6% |
| Total equity and liabilities | 10/49 | €158,399 | €164,717 | +€6,318 | +4.0% |
| Equity | 10/15 | €97,853 | €120,166 | +€22,313 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,253 | €101,566 | +€22,313 | +28.2% |
| Distributable reserves | 133 | €79,253 | €101,566 | +€22,313 | +28.2% |
| Amounts payable | 17/49 | €60,546 | €44,551 | -€15,995 | -26.4% |
| Amounts payable within one year | 42/48 | €55,541 | €41,639 | -€13,902 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €2,983 | - | -€2,983 | |
| Trade debts | 44 | €7,468 | €5,212 | -€2,255 | -30.2% |
| Suppliers | 440/4 | €7,468 | €5,212 | -€2,255 | -30.2% |
| Taxes, remuneration and social security | 45 | €4,172 | €3,748 | -€424 | -10.2% |
| Taxes | 450/3 | €4,172 | €3,673 | -€499 | -12.0% |
| Remuneration and social security | 454/9 | - | €75 | +€75 | |
| Other amounts payable | 47/48 | €40,918 | €32,679 | -€8,239 | -20.1% |
| Accrued charges and deferred income | 492/3 | €5,005 | €2,912 | -€2,094 | -41.8% |
| Non-recurring operating income | 76A | €15,314 | €5,056 | -€10,258 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,282 | €42,113 | +€2,830 | +7.2% |
| Other operating charges | 640/8 | €1,968 | €1,472 | -€496 | -25.2% |
| Gross operating margin | 9900 | €77,917 | €72,331 | -€5,587 | -7.2% |
| Operating profit (loss) | 9901 | €36,667 | €28,746 | -€7,921 | -21.6% |
| Financial income | 75/76B | €2 | €15 | +€14 | +898.7% |
| Recurring financial income | 75 | €2 | €15 | +€14 | +898.7% |
| Financial charges | 65/66B | €6,541 | €5,105 | -€1,436 | -22.0% |
| Recurring financial charges | 65 | €6,541 | €5,105 | -€1,436 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €30,127 | €23,656 | -€6,471 | -21.5% |
| Income taxes | 67/77 | - | €1,343 | +€1,343 | |
| Profit (loss) for the period | 9904 | €30,127 | €22,313 | -€7,814 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,127 | €22,313 | -€7,814 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.