Wave Consult: 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 Consult
Largest movements
- Cash -€116,339
down €116,339 (-52.3%), from €222,272 to €105,932
mainly Contributions, distributions and other (-€150,000) and Other debts (-€70,787)
- Other debts -€70,787
down €70,787 (-30.6%), from €231,649 to €160,862
- Tax, wage and social debts -€45,851
down €45,851 (-92.2%), from €49,725 to €3,875
of which Taxes: -€48,501
- Financial income -€1.3m
down €1.3m (-87.6%), from €1.5m to €187,584
of which Non-recurring financial income: -€1.2m
- Gross operating margin +€23,038
up €23,038 (+44.4%), from -€51,927 to -€28,889
- Financial charges -€5,433
down €5,433 (-60.1%), from €9,042 to €3,609
- Taxes -€2,808
down €2,808 (-89.9%), from €3,124 to €316
- Depreciation +€788
up €788 (+22.9%), from €3,441 to €4,229
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 | €329,444 | €211,830 | -€117,614 | -35.7% |
| Fixed assets | 21/28 | €13,396 | €10,304 | -€3,093 | -23.1% |
| Tangible fixed assets | 22/27 | €13,396 | €10,304 | -€3,093 | -23.1% |
| Plant, machinery and equipment | 23 | €2,312 | €1,452 | -€860 | -37.2% |
| Furniture and vehicles | 24 | €11,084 | €8,852 | -€2,232 | -20.1% |
| Current assets | 29/58 | €316,048 | €201,526 | -€114,522 | -36.2% |
| Amounts receivable after more than one year | 29 | €68,945 | €68,945 | = | 0.0% |
| Other amounts receivable | 291 | €68,945 | €68,945 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,784 | €22,948 | +€3,164 | +16.0% |
| Trade receivables | 40 | €12,672 | €14,438 | +€1,765 | +13.9% |
| Other amounts receivable | 41 | €7,112 | €8,510 | +€1,398 | +19.7% |
| Cash at bank and in hand | 54/58 | €222,272 | €105,932 | -€116,339 | -52.3% |
| Deferred charges and accrued income | 490/1 | €5,047 | €3,701 | -€1,346 | -26.7% |
| Total equity and liabilities | 10/49 | €329,444 | €211,830 | -€117,614 | -35.7% |
| Equity | 10/15 | €44,470 | €43,728 | -€742 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,019 | €25,019 | = | 0.0% |
| Distributable reserves | 133 | €25,019 | €25,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | €851 | €110 | -€742 | -87.1% |
| Amounts payable | 17/49 | €284,974 | €168,101 | -€116,872 | -41.0% |
| Amounts payable within one year | 42/48 | €284,974 | €168,101 | -€116,872 | -41.0% |
| Trade debts | 44 | €3,599 | €3,365 | -€235 | -6.5% |
| Suppliers | 440/4 | €3,599 | €3,365 | -€235 | -6.5% |
| Taxes, remuneration and social security | 45 | €49,725 | €3,875 | -€45,851 | -92.2% |
| Taxes | 450/3 | €49,725 | €1,225 | -€48,501 | -97.5% |
| Remuneration and social security | 454/9 | - | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €231,649 | €160,862 | -€70,787 | -30.6% |
| Non-recurring operating income | 76A | - | €9,614 | +€9,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,441 | €4,229 | +€788 | +22.9% |
| Other operating charges | 640/8 | €1,546 | €1,284 | -€262 | -17.0% |
| Gross operating margin | 9900 | -€51,927 | -€28,889 | +€23,038 | +44.4% |
| Operating profit (loss) | 9901 | -€56,914 | -€34,401 | +€22,513 | +39.6% |
| Financial income | 75/76B | €1,512,316 | €187,584 | -€1.3m | -87.6% |
| Recurring financial income | 75 | €115,240 | €4,896 | -€110,344 | -95.8% |
| Non-recurring financial income | 76B | €1,397,075 | €182,688 | -€1.2m | -86.9% |
| Financial charges | 65/66B | €9,042 | €3,609 | -€5,433 | -60.1% |
| Recurring financial charges | 65 | €9,042 | €3,609 | -€5,433 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €1,446,360 | €149,574 | -€1.3m | -89.7% |
| Income taxes | 67/77 | €3,124 | €316 | -€2,808 | -89.9% |
| Profit (loss) for the period | 9904 | €1,443,236 | €149,258 | -€1.3m | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,443,236 | €149,258 | -€1.3m | -89.7% |
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 13 October 2026 via checked.be.