WAVE CONFORT: 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 CONFORT
Largest movements
- Cash -€21,505
no longer reported in 2025 (was €21,505)
mainly Net result for the year (-€17,978) and Investment in fixed assets (net) (-€10,405)
- Intangible fixed assets +€9,493
new in 2025: €9,493
- Tangible fixed assets -€7,215
down €7,215 (-46.3%), from €15,578 to €8,363
of which Furniture and vehicles: -€6,902
- Stocks and contracts -€6,500
down €6,500 (-61.9%), from €10,500 to €4,000
of which Contracts in progress: -€7,000
- Deferred charges and accrued income +€2,883
new in 2025: €2,883
- Profit (loss) carried forward -€17,978
down €17,978 (-22,780%), from -€79 to -€18,057
- Debts after one year -€6,954
down €6,954 (-92.1%), from €7,548 to €594
- Short-term financial debts +€4,807
new in 2025: €4,807
- Tax, wage and social debts -€3,896
down €3,896 (-47.7%), from €8,173 to €4,277
of which Remuneration and social security: -€3,685
- Trade debts +€3,355
up €3,355 (+11.2%), from €29,904 to €33,258
- Gross operating margin -€11,713
down €11,713 (-75.8%), from €15,447 to €3,734
- Staff costs +€7,307
up €7,307 (+205%), from €3,561 to €10,869
- Other operating charges -€452
down €452 (-27.2%), from €1,665 to €1,213
- Depreciation -€324
down €324 (-3.7%), from €8,780 to €8,457
- Financial charges -€233
down €233 (-16.2%), from €1,442 to €1,209
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 | €62,277 | €41,953 | -€20,324 | -32.6% |
| Formation expenses | 20 | €1,210 | €880 | -€330 | -27.3% |
| Fixed assets | 21/28 | €15,783 | €18,061 | +€2,278 | +14.4% |
| Intangible fixed assets | 21 | - | €9,493 | +€9,493 | |
| Tangible fixed assets | 22/27 | €15,578 | €8,363 | -€7,215 | -46.3% |
| Plant, machinery and equipment | 23 | €2,829 | €2,516 | -€313 | -11.1% |
| Furniture and vehicles | 24 | €12,749 | €5,847 | -€6,902 | -54.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €45,284 | €23,012 | -€22,272 | -49.2% |
| Stocks and contracts in progress | 3 | €10,500 | €4,000 | -€6,500 | -61.9% |
| Stocks | 30/36 | €3,500 | €4,000 | +€500 | +14.3% |
| Contracts in progress | 37 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €13,278 | €16,129 | +€2,851 | +21.5% |
| Trade receivables | 40 | €4,992 | €11,846 | +€6,854 | +137% |
| Other amounts receivable | 41 | €8,287 | €4,283 | -€4,003 | -48.3% |
| Cash at bank and in hand | 54/58 | €21,505 | - | -€21,505 | |
| Deferred charges and accrued income | 490/1 | - | €2,883 | +€2,883 | |
| Total equity and liabilities | 10/49 | €62,277 | €41,953 | -€20,324 | -32.6% |
| Equity | 10/15 | €9,921 | -€8,057 | -€17,978 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79 | -€18,057 | -€17,978 | -22,780% |
| Amounts payable | 17/49 | €52,355 | €50,010 | -€2,346 | -4.5% |
| Amounts payable after more than one year | 17 | €7,548 | €594 | -€6,954 | -92.1% |
| Financial debts | 170/4 | €7,548 | €594 | -€6,954 | -92.1% |
| Amounts payable within one year | 42/48 | €44,808 | €49,296 | +€4,489 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €6,636 | €6,954 | +€318 | +4.8% |
| Financial debts | 43 | - | €4,807 | +€4,807 | |
| Credit institutions | 430/8 | - | €4,807 | +€4,807 | |
| Trade debts | 44 | €29,904 | €33,258 | +€3,355 | +11.2% |
| Suppliers | 440/4 | €29,904 | €33,258 | +€3,355 | +11.2% |
| Taxes, remuneration and social security | 45 | €8,173 | €4,277 | -€3,896 | -47.7% |
| Taxes | 450/3 | €4,410 | €4,200 | -€210 | -4.8% |
| Remuneration and social security | 454/9 | €3,763 | €77 | -€3,685 | -97.9% |
| Other amounts payable | 47/48 | €95 | - | -€95 | |
| Accrued charges and deferred income | 492/3 | - | €119 | +€119 | |
| Remuneration, social security and pensions | 62 | €3,561 | €10,869 | +€7,307 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €8,457 | -€324 | -3.7% |
| Other operating charges | 640/8 | €1,665 | €1,213 | -€452 | -27.2% |
| Gross operating margin | 9900 | €15,447 | €3,734 | -€11,713 | -75.8% |
| Operating profit (loss) | 9901 | €1,441 | -€16,804 | -€18,245 | |
| Financial income | 75/76B | €98 | €35 | -€64 | -64.6% |
| Recurring financial income | 75 | €98 | €35 | -€64 | -64.6% |
| Financial charges | 65/66B | €1,442 | €1,209 | -€233 | -16.2% |
| Recurring financial charges | 65 | €1,442 | €1,209 | -€233 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €97 | -€17,978 | -€18,075 | |
| Income taxes | 67/77 | €176 | - | -€176 | |
| Profit (loss) for the period | 9904 | -€79 | -€17,978 | -€17,899 | -22,680% |
| Profit (loss) for the period to be appropriated | 9905 | -€79 | -€17,978 | -€17,899 | -22,680% |
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 23 October 2026 via checked.be.