WAVE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€226,546
up €226,546 (+16.1%), from €1.4m to €1.6m
of which Other amounts receivable: +€381,531
- Cash +€79,023
up €79,023 (+91.6%), from €86,242 to €165,265
mainly Trade debts (+€228,793) and Net result for the year (+€39,358)
- Trade debts +€228,793
up €228,793 (+20.5%), from €1.1m to €1.3m
- Reserves +€39,358
up €39,358 (+16.4%), from €240,303 to €279,661
of which Distributable reserves: +€39,358
- Tax, wage and social debts +€22,154
up €22,154 (+28.6%), from €77,434 to €99,588
of which Taxes: +€21,961
- Staff costs -€36,795
down €36,795 (-7.9%), from €468,143 to €431,348
- Taxes +€20,036
up €20,036 (+118%), from €17,011 to €37,047
- Depreciation -€6,901
down €6,901 (-31.2%), from €22,144 to €15,243
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 | €1,533,257 | €1,823,562 | +€290,305 | +18.9% |
| Fixed assets | 21/28 | €35,395 | €20,338 | -€15,058 | -42.5% |
| Tangible fixed assets | 22/27 | €34,086 | €18,844 | -€15,243 | -44.7% |
| Furniture and vehicles | 24 | €28,845 | €14,953 | -€13,892 | -48.2% |
| Other tangible fixed assets | 26 | €5,242 | €3,891 | -€1,351 | -25.8% |
| Financial fixed assets | 28 | €1,309 | €1,494 | +€185 | +14.1% |
| Current assets | 29/58 | €1,497,862 | €1,803,224 | +€305,363 | +20.4% |
| Amounts receivable within one year | 40/41 | €1,411,413 | €1,637,959 | +€226,546 | +16.1% |
| Trade receivables | 40 | €702,265 | €547,280 | -€154,985 | -22.1% |
| Other amounts receivable | 41 | €709,148 | €1,090,679 | +€381,531 | +53.8% |
| Cash at bank and in hand | 54/58 | €86,242 | €165,265 | +€79,023 | +91.6% |
| Deferred charges and accrued income | 490/1 | €207 | - | -€207 | |
| Total equity and liabilities | 10/49 | €1,533,257 | €1,823,562 | +€290,305 | +18.9% |
| Equity | 10/15 | €340,303 | €379,661 | +€39,358 | +11.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €240,303 | €279,661 | +€39,358 | +16.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €230,303 | €269,661 | +€39,358 | +17.1% |
| Amounts payable | 17/49 | €1,192,954 | €1,443,901 | +€250,947 | +21.0% |
| Amounts payable within one year | 42/48 | €1,192,954 | €1,443,901 | +€250,947 | +21.0% |
| Trade debts | 44 | €1,115,520 | €1,344,313 | +€228,793 | +20.5% |
| Suppliers | 440/4 | €1,115,520 | €1,344,313 | +€228,793 | +20.5% |
| Taxes, remuneration and social security | 45 | €77,434 | €99,588 | +€22,154 | +28.6% |
| Taxes | 450/3 | €37,641 | €59,602 | +€21,961 | +58.3% |
| Remuneration and social security | 454/9 | €39,793 | €39,986 | +€193 | +0.5% |
| Remuneration, social security and pensions | 62 | €468,143 | €431,348 | -€36,795 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,144 | €15,243 | -€6,901 | -31.2% |
| Other operating charges | 640/8 | €2,982 | €2,403 | -€578 | -19.4% |
| Gross operating margin | 9900 | €527,817 | €526,009 | -€1,808 | -0.3% |
| Operating profit (loss) | 9901 | €34,548 | €77,015 | +€42,466 | +123% |
| Financial income | 75/76B | - | €1,631 | +€1,631 | |
| Recurring financial income | 75 | - | €1,631 | +€1,631 | |
| Financial charges | 65/66B | €2,410 | €2,241 | -€169 | -7.0% |
| Recurring financial charges | 65 | €2,410 | €2,241 | -€169 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €32,138 | €76,404 | +€44,266 | +138% |
| Income taxes | 67/77 | €17,011 | €37,047 | +€20,036 | +118% |
| Profit (loss) for the period | 9904 | €15,127 | €39,358 | +€24,230 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €15,127 | €39,358 | +€24,230 | +160% |
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 15 October 2026 via checked.be.