WAVE BUILDING: 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 BUILDING
Largest movements
- Receivables within one year -€304,049
down €304,049 (-86.3%), from €352,353 to €48,304
- Cash +€275,634
up €275,634 (+664.8%), from €41,462 to €317,096
mainly Other debts (+€2.2m) and Contributions, distributions and other (+€647,158)
- Other debts +€2.2m
up €2.2m (+15.1%), from €14.6m to €16.8m
- Profit (loss) carried forward -€1.7m
down €1.7m (-81.7%), from -€2.1m to -€3.9m
- Short-term financial debts -€770,686
down €770,686 (-18.6%), from €4.1m to €3.4m
- Debts after one year +€376,296
new in 2024: €376,296
- Tax, wage and social debts -€295,836
down €295,836 (-80.9%), from €365,685 to €69,849
- Gross operating margin -€941,695
down €941,695 (-14236.4%), from -€6,615 to -€948,310
- Financial charges +€137,715
up €137,715 (+11.6%), from €1.2m to €1.3m
- Write-downs -€110,127
no longer reported in 2024 (was €110,127)
- Other operating charges +€101,463
up €101,463 (+995.9%), from €10,188 to €111,652
- Provisions -€100,000
no longer reported in 2024 (was €100,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,711,440 | €17,608,490 | -€102,950 | -0.6% |
| Current assets | 29/58 | €17,711,440 | €17,608,490 | -€102,950 | -0.6% |
| Stocks and contracts in progress | 3 | €17,191,251 | €17,116,716 | -€74,536 | -0.4% |
| Stocks | 30/36 | €17,191,251 | €17,116,716 | -€74,536 | -0.4% |
| Amounts receivable within one year | 40/41 | €352,353 | €48,304 | -€304,049 | -86.3% |
| Other amounts receivable | 41 | €352,353 | €48,304 | -€304,049 | -86.3% |
| Cash at bank and in hand | 54/58 | €41,462 | €317,096 | +€275,634 | +664.8% |
| Deferred charges and accrued income | 490/1 | €126,374 | €126,374 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,711,440 | €17,608,490 | -€102,950 | -0.6% |
| Equity | 10/15 | -€2,010,710 | -€3,753,460 | -€1.7m | -86.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €23,047 | €23,047 | = | 0.0% |
| Distributable reserves | 133 | €23,047 | €23,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,133,757 | -€3,876,507 | -€1.7m | -81.7% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €19,622,151 | €21,261,950 | +€1.6m | +8.4% |
| Amounts payable after more than one year | 17 | - | €376,296 | +€376,296 | |
| Financial debts | 170/4 | - | €376,296 | +€376,296 | |
| Amounts payable within one year | 42/48 | €19,611,215 | €20,874,718 | +€1.3m | +6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €27,528 | +€27,528 | |
| Financial debts | 43 | €4,145,053 | €3,374,367 | -€770,686 | -18.6% |
| Credit institutions | 430/8 | €4,145,053 | €3,374,367 | -€770,686 | -18.6% |
| Trade debts | 44 | €527,012 | €634,287 | +€107,275 | +20.4% |
| Suppliers | 440/4 | €527,012 | €634,287 | +€107,275 | +20.4% |
| Taxes, remuneration and social security | 45 | €365,685 | €69,849 | -€295,836 | -80.9% |
| Taxes | 450/3 | €365,685 | €69,849 | -€295,836 | -80.9% |
| Other amounts payable | 47/48 | €14,573,465 | €16,768,688 | +€2.2m | +15.1% |
| Accrued charges and deferred income | 492/3 | €10,936 | €10,936 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,127 | - | -€110,127 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €10,188 | €111,652 | +€101,463 | +995.9% |
| Gross operating margin | 9900 | -€6,615 | -€948,310 | -€941,695 | -14236.4% |
| Operating profit (loss) | 9901 | -€226,930 | -€1,059,962 | -€833,031 | -367.1% |
| Financial charges | 65/66B | €1,192,231 | €1,329,946 | +€137,715 | +11.6% |
| Recurring financial charges | 65 | €1,192,231 | €1,329,946 | +€137,715 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,419,161 | -€2,389,908 | -€970,746 | -68.4% |
| Profit (loss) for the period | 9904 | -€1,419,161 | -€2,389,908 | -€970,746 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,419,161 | -€2,389,908 | -€970,746 | -68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.