WAVE CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€38,407
down €38,407 (-47.3%), from €81,269 to €42,862
of which Other amounts receivable: -€20,207
- Cash -€11,675
down €11,675 (-99.0%), from €11,788 to €113
mainly Other debts (-€30,722) and Net result for the year (-€21,974)
- Other debts -€30,722
no longer reported in 2025 (was €30,722)
- Profit (loss) carried forward -€21,974
down €21,974 (-228%), from -€9,632 to -€31,606
- Trade debts -€21,568
down €21,568 (-89.3%), from €24,145 to €2,577
- Advances received +€15,400
new in 2025: €15,400
- Tax, wage and social debts +€8,781
up €8,781 (+412%), from €2,129 to €10,910
- Gross operating margin -€14,031
down €14,031 (-157%), from -€8,936 to -€22,967
- Financial income -€1,030
down €1,030 (-33.8%), from €3,048 to €2,019
- Other operating charges -€891
no longer reported in 2025 (was €891)
- Depreciation -€750
no longer reported in 2025 (was €750)
- Financial charges +€589
up €589 (+351%), from €168 to €757
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 | €93,058 | €42,975 | -€50,083 | -53.8% |
| Current assets | 29/58 | €93,058 | €42,975 | -€50,083 | -53.8% |
| Amounts receivable within one year | 40/41 | €81,269 | €42,862 | -€38,407 | -47.3% |
| Trade receivables | 40 | €33,600 | €15,400 | -€18,200 | -54.2% |
| Other amounts receivable | 41 | €47,669 | €27,462 | -€20,207 | -42.4% |
| Cash at bank and in hand | 54/58 | €11,788 | €113 | -€11,675 | -99.0% |
| Total equity and liabilities | 10/49 | €93,058 | €42,975 | -€50,083 | -53.8% |
| Equity | 10/15 | €36,062 | €14,088 | -€21,974 | -60.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €37,634 | €37,634 | = | 0.0% |
| Distributable reserves | 133 | €37,634 | €37,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,632 | -€31,606 | -€21,974 | -228% |
| Amounts payable | 17/49 | €56,996 | €28,887 | -€28,109 | -49.3% |
| Amounts payable within one year | 42/48 | €56,996 | €28,887 | -€28,109 | -49.3% |
| Trade debts | 44 | €24,145 | €2,577 | -€21,568 | -89.3% |
| Suppliers | 440/4 | €24,145 | €2,577 | -€21,568 | -89.3% |
| Advances received on contracts in progress | 46 | - | €15,400 | +€15,400 | |
| Taxes, remuneration and social security | 45 | €2,129 | €10,910 | +€8,781 | +412% |
| Taxes | 450/3 | €2,129 | €10,910 | +€8,781 | +412% |
| Other amounts payable | 47/48 | €30,722 | - | -€30,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | - | -€750 | |
| Other operating charges | 640/8 | €891 | - | -€891 | |
| Gross operating margin | 9900 | -€8,936 | -€22,967 | -€14,031 | -157% |
| Operating profit (loss) | 9901 | -€10,577 | -€22,967 | -€12,390 | -117% |
| Financial income | 75/76B | €3,048 | €2,019 | -€1,030 | -33.8% |
| Recurring financial income | 75 | €3,048 | €2,019 | -€1,030 | -33.8% |
| Financial charges | 65/66B | €168 | €757 | +€589 | +351% |
| Recurring financial charges | 65 | €168 | €757 | +€589 | +351% |
| Profit (loss) for the period before taxes | 9903 | -€7,697 | -€21,706 | -€14,009 | -182% |
| Income taxes | 67/77 | €480 | €268 | -€212 | -44.2% |
| Profit (loss) for the period | 9904 | -€8,177 | -€21,974 | -€13,797 | -169% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,177 | -€21,974 | -€13,797 | -169% |
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 20 October 2026 via checked.be.