Wave Capital: 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 Capital
Largest movements
- Financial fixed assets +€70,000
up €70,000 (+3,500%), from €2,000 to €72,000
- Receivables within one year +€24,851
up €24,851 (+1,367%), from €1,818 to €26,669
of which Other amounts receivable: +€22,851
- Current investments +€1,321
new in 2025: €1,321
- Other debts +€117,218
up €117,218 (+1,487%), from €7,884 to €125,102
- Profit (loss) carried forward -€24,734
down €24,734 (-206%), from -€12,008 to -€36,742
- Trade debts +€4,120
up €4,120 (+147%), from €2,803 to €6,923
- Gross operating margin -€16,283
down €16,283 (-148%), from -€11,036 to -€27,319
- Financial income +€4,214
new in 2025: €4,214
- Other operating charges +€679
up €679 (+96.3%), from €705 to €1,384
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 | €4,679 | €101,283 | +€96,604 | +2,064% |
| Fixed assets | 21/28 | €2,000 | €72,000 | +€70,000 | +3,500% |
| Financial fixed assets | 28 | €2,000 | €72,000 | +€70,000 | +3,500% |
| Current assets | 29/58 | €2,679 | €29,283 | +€26,604 | +993% |
| Amounts receivable within one year | 40/41 | €1,818 | €26,669 | +€24,851 | +1,367% |
| Trade receivables | 40 | €1,653 | €3,653 | +€2,000 | +121% |
| Other amounts receivable | 41 | €166 | €23,017 | +€22,851 | +13,803% |
| Current investments | 50/53 | - | €1,321 | +€1,321 | |
| Cash at bank and in hand | 54/58 | €861 | €1,293 | +€432 | +50.2% |
| Total equity and liabilities | 10/49 | €4,679 | €101,283 | +€96,604 | +2,064% |
| Equity | 10/15 | -€8,008 | -€32,742 | -€24,734 | -309% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,008 | -€36,742 | -€24,734 | -206% |
| Amounts payable | 17/49 | €12,687 | €134,025 | +€121,338 | +956% |
| Amounts payable within one year | 42/48 | €12,687 | €134,025 | +€121,338 | +956% |
| Trade debts | 44 | €2,803 | €6,923 | +€4,120 | +147% |
| Suppliers | 440/4 | €2,803 | €6,923 | +€4,120 | +147% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,884 | €125,102 | +€117,218 | +1,487% |
| Other operating charges | 640/8 | €705 | €1,384 | +€679 | +96.3% |
| Gross operating margin | 9900 | -€11,036 | -€27,319 | -€16,283 | -148% |
| Operating profit (loss) | 9901 | -€11,741 | -€28,703 | -€16,962 | -144% |
| Financial income | 75/76B | - | €4,214 | +€4,214 | |
| Recurring financial income | 75 | - | €4,214 | +€4,214 | |
| Financial charges | 65/66B | €267 | €245 | -€22 | -8.3% |
| Recurring financial charges | 65 | €267 | €245 | -€22 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,008 | -€24,734 | -€12,726 | -106% |
| Profit (loss) for the period | 9904 | -€12,008 | -€24,734 | -€12,726 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,008 | -€24,734 | -€12,726 | -106% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.