WAVE HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€567,186
up €567,186 (+119%), from €475,600 to €1.0m
of which Trade receivables: +€685,846
- Financial fixed assets +€150,840
up €150,840 (+23.6%), from €638,480 to €789,320
- Tangible fixed assets -€120,149
down €120,149 (-3.1%), from €3.9m to €3.7m
- Reserves +€558,137
up €558,137 (+41.4%), from €1.3m to €1.9m
of which Distributable reserves: +€561,727
- Debts after one year -€165,000
down €165,000 (-7.1%), from €2.3m to €2.1m
- Tax, wage and social debts +€159,830
up €159,830 (+169,508%), from €94 to €159,924
- Gross operating margin +€708,676
up €708,676 (+384%), from €184,631 to €893,307
- Taxes +€159,924
new in 2024: €159,924
- Financial income -€54,214
no longer reported in 2024 (was €54,214)
of which Financial income: -€54,214
- Depreciation -€23,918
down €23,918 (-16.6%), from €144,066 to €120,149
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.
Derived cash bridge
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 | €5,063,979 | €5,608,732 | +€544,753 | +10.8% |
| Fixed assets | 21/28 | €4,500,780 | €4,531,472 | +€30,691 | +0.7% |
| Tangible fixed assets | 22/27 | €3,862,300 | €3,742,151 | -€120,149 | -3.1% |
| Land and buildings | 22 | €3,862,300 | €3,742,151 | -€120,149 | -3.1% |
| Financial fixed assets | 28 | €638,480 | €789,320 | +€150,840 | +23.6% |
| Current assets | 29/58 | €563,199 | €1,077,260 | +€514,061 | +91.3% |
| Amounts receivable within one year | 40/41 | €475,600 | €1,042,786 | +€567,186 | +119% |
| Trade receivables | 40 | €164,154 | €850,000 | +€685,846 | +418% |
| Other amounts receivable | 41 | €311,445 | €192,786 | -€118,660 | -38.1% |
| Cash at bank and in hand | 54/58 | €87,599 | €34,474 | -€53,125 | -60.6% |
| Total equity and liabilities | 10/49 | €5,063,979 | €5,608,732 | +€544,753 | +10.8% |
| Equity | 10/15 | €2,561,757 | €3,119,894 | +€558,137 | +21.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,152,432 | €1,152,432 | = | 0.0% |
| Reserves | 13 | €1,347,825 | €1,905,962 | +€558,137 | +41.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,266 | €46,676 | -€3,590 | -7.1% |
| Distributable reserves | 133 | €1,291,409 | €1,853,136 | +€561,727 | +43.5% |
| Provisions and deferred taxes | 16 | €16,755 | €15,559 | -€1,197 | -7.1% |
| Deferred taxes | 168 | €16,755 | €15,559 | -€1,197 | -7.1% |
| Amounts payable | 17/49 | €2,485,467 | €2,473,279 | -€12,187 | -0.5% |
| Amounts payable after more than one year | 17 | €2,310,000 | €2,145,000 | -€165,000 | -7.1% |
| Financial debts | 170/4 | €2,310,000 | €2,145,000 | -€165,000 | -7.1% |
| Amounts payable within one year | 42/48 | €175,467 | €328,279 | +€152,813 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €165,000 | €165,000 | = | 0.0% |
| Trade debts | 44 | €10,372 | €3,355 | -€7,017 | -67.7% |
| Suppliers | 440/4 | €10,372 | €3,355 | -€7,017 | -67.7% |
| Taxes, remuneration and social security | 45 | €94 | €159,924 | +€159,830 | +169,508% |
| Taxes | 450/3 | €94 | €159,924 | +€159,830 | +169,508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,066 | €120,149 | -€23,918 | -16.6% |
| Other operating charges | 640/8 | €4,814 | €4,962 | +€147 | +3.1% |
| Gross operating margin | 9900 | €184,631 | €893,307 | +€708,676 | +384% |
| Operating profit (loss) | 9901 | €35,750 | €768,197 | +€732,447 | +2,049% |
| Financial income | 75/76B | €54,214 | - | -€54,214 | |
| Recurring financial income | 75 | €54,214 | - | -€54,214 | |
| Non-recurring financial income | 76B | €54,214 | - | -€54,214 | |
| Financial charges | 65/66B | €54,596 | €51,333 | -€3,263 | -6.0% |
| Recurring financial charges | 65 | €54,596 | €51,333 | -€3,263 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €35,368 | €716,864 | +€681,496 | +1,927% |
| Transfer from deferred taxes | 780 | €1,197 | €1,197 | = | 0.0% |
| Income taxes | 67/77 | - | €159,924 | +€159,924 | |
| Profit (loss) for the period | 9904 | €36,565 | €558,137 | +€521,572 | +1,426% |
| Transfer from tax-exempt reserves | 789 | €3,590 | €3,590 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,155 | €561,727 | +€521,572 | +1,299% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.