WAVE TECH ENGINEERING: 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 TECH ENGINEERING
Largest movements
- Tangible fixed assets -€58,593
down €58,593 (-75.3%), from €77,793 to €19,200
of which Leasing and similar rights: -€61,143
- Cash -€19,337
down €19,337 (-75.4%), from €25,652 to €6,315
mainly Debts after one year (-€42,916) and Trade debts (-€26,423)
- Receivables within one year -€17,550
down €17,550 (-28.7%), from €61,096 to €43,546
of which Trade receivables: -€17,216
- Intangible fixed assets -€8,000
down €8,000 (-80.0%), from €10,000 to €2,000
- Receivables after one year +€8,000
new in 2025: €8,000
- Debts after one year -€42,916
down €42,916 (-77.8%), from €55,129 to €12,212
- Trade debts -€26,423
down €26,423 (-63.0%), from €41,948 to €15,525
- Tax, wage and social debts -€18,725
down €18,725 (-89.6%), from €20,888 to €2,163
of which Remuneration and social security: -€12,048
- Current portion of long-term debt -€16,834
down €16,834 (-68.3%), from €24,640 to €7,805
- Reserves +€6,896
up €6,896 (+18.8%), from €36,760 to €43,657
- Staff costs -€31,378
down €31,378 (-52.4%), from €59,892 to €28,513
- Financial income -€20,862
down €20,862 (-99.9%), from €20,876 to €15
- Depreciation -€14,379
down €14,379 (-49.3%), from €29,189 to €14,810
- Financial charges -€9,352
down €9,352 (-70.5%), from €13,265 to €3,913
- Other operating charges +€6,752
up €6,752 (+41.7%), from €16,202 to €22,954
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.
Cash bridge derived
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 | €181,365 | €83,363 | -€98,003 | -54.0% |
| Fixed assets | 21/28 | €87,793 | €21,200 | -€66,593 | -75.9% |
| Intangible fixed assets | 21 | €10,000 | €2,000 | -€8,000 | -80.0% |
| Tangible fixed assets | 22/27 | €77,793 | €19,200 | -€58,593 | -75.3% |
| Furniture and vehicles | 24 | - | €2,550 | +€2,550 | |
| Leasing and similar rights | 25 | €77,793 | €16,650 | -€61,143 | -78.6% |
| Current assets | 29/58 | €93,572 | €62,163 | -€31,409 | -33.6% |
| Amounts receivable after more than one year | 29 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 291 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €61,096 | €43,546 | -€17,550 | -28.7% |
| Trade receivables | 40 | €59,261 | €42,044 | -€17,216 | -29.1% |
| Other amounts receivable | 41 | €1,836 | €1,502 | -€334 | -18.2% |
| Cash at bank and in hand | 54/58 | €25,652 | €6,315 | -€19,337 | -75.4% |
| Deferred charges and accrued income | 490/1 | €6,823 | €4,301 | -€2,522 | -37.0% |
| Total equity and liabilities | 10/49 | €181,365 | €83,363 | -€98,003 | -54.0% |
| Equity | 10/15 | €38,760 | €45,657 | +€6,896 | +17.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,760 | €43,657 | +€6,896 | +18.8% |
| Distributable reserves | 133 | €36,760 | €43,657 | +€6,896 | +18.8% |
| Amounts payable | 17/49 | €142,605 | €37,706 | -€104,899 | -73.6% |
| Amounts payable after more than one year | 17 | €55,129 | €12,212 | -€42,916 | -77.8% |
| Financial debts | 170/4 | €55,129 | €12,212 | -€42,916 | -77.8% |
| Amounts payable within one year | 42/48 | €87,476 | €25,494 | -€61,983 | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €24,640 | €7,805 | -€16,834 | -68.3% |
| Trade debts | 44 | €41,948 | €15,525 | -€26,423 | -63.0% |
| Suppliers | 440/4 | €41,948 | €15,525 | -€26,423 | -63.0% |
| Taxes, remuneration and social security | 45 | €20,888 | €2,163 | -€18,725 | -89.6% |
| Taxes | 450/3 | €8,841 | €2,163 | -€6,678 | -75.5% |
| Remuneration and social security | 454/9 | €12,048 | - | -€12,048 | |
| Remuneration, social security and pensions | 62 | €59,892 | €28,513 | -€31,378 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,189 | €14,810 | -€14,379 | -49.3% |
| Other operating charges | 640/8 | €16,202 | €22,954 | +€6,752 | +41.7% |
| Gross operating margin | 9900 | €80,015 | €79,235 | -€780 | -1.0% |
| Operating profit (loss) | 9901 | -€25,268 | €12,958 | +€38,226 | |
| Financial income | 75/76B | €20,876 | €15 | -€20,862 | -99.9% |
| Recurring financial income | 75 | €20,876 | €15 | -€20,862 | -99.9% |
| Financial charges | 65/66B | €13,265 | €3,913 | -€9,352 | -70.5% |
| Recurring financial charges | 65 | €13,265 | €3,913 | -€9,352 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,657 | €9,059 | +€26,716 | |
| Income taxes | 67/77 | €326 | €2,163 | +€1,837 | +562.7% |
| Profit (loss) for the period | 9904 | -€17,983 | €6,896 | +€24,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,983 | €6,896 | +€24,880 |
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 11 October 2026 via checked.be.