WAVEBYTES: 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.
WAVEBYTES
Largest movements
- Cash -€56,838
down €56,838 (-68.5%), from €83,012 to €26,173
mainly Receivables within one year (-€35,442) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€35,442
up €35,442 (+82.3%), from €43,067 to €78,509
of which Trade receivables: +€34,171
- Tangible fixed assets -€7,786
down €7,786 (-50.3%), from €15,485 to €7,700
of which Furniture and vehicles: -€6,849
- Profit (loss) carried forward -€46,920
down €46,920 (-83.6%), from €56,092 to €9,172
- Other debts +€21,960
up €21,960 (+620%), from €3,540 to €25,500
- Current portion of long-term debt +€7,280
up €7,280 (+120%), from €6,069 to €13,349
- Debts after one year -€6,176
down €6,176 (-74.8%), from €8,258 to €2,083
- Tax, wage and social debts -€2,854
down €2,854 (-12.4%), from €23,014 to €20,160
of which Taxes: -€1,760
- Gross operating margin -€29,341
down €29,341 (-13.8%), from €212,952 to €183,611
- Other operating charges +€8,008
up €8,008 (+3,010%), from €266 to €8,274
- Taxes -€6,220
down €6,220 (-98.4%), from €6,319 to €99
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 | €141,564 | €112,382 | -€29,182 | -20.6% |
| Fixed assets | 21/28 | €15,485 | €7,700 | -€7,786 | -50.3% |
| Tangible fixed assets | 22/27 | €15,485 | €7,700 | -€7,786 | -50.3% |
| Plant, machinery and equipment | 23 | €1,787 | €850 | -€936 | -52.4% |
| Furniture and vehicles | 24 | €13,698 | €6,849 | -€6,849 | -50.0% |
| Current assets | 29/58 | €126,079 | €104,682 | -€21,396 | -17.0% |
| Amounts receivable within one year | 40/41 | €43,067 | €78,509 | +€35,442 | +82.3% |
| Trade receivables | 40 | €33,467 | €67,638 | +€34,171 | +102% |
| Other amounts receivable | 41 | €9,600 | €10,871 | +€1,272 | +13.2% |
| Cash at bank and in hand | 54/58 | €83,012 | €26,173 | -€56,838 | -68.5% |
| Total equity and liabilities | 10/49 | €141,564 | €112,382 | -€29,182 | -20.6% |
| Equity | 10/15 | €76,552 | €29,632 | -€46,920 | -61.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,092 | €9,172 | -€46,920 | -83.6% |
| Amounts payable | 17/49 | €65,012 | €82,750 | +€17,738 | +27.3% |
| Amounts payable after more than one year | 17 | €8,258 | €2,083 | -€6,176 | -74.8% |
| Financial debts | 170/4 | €8,258 | €2,083 | -€6,176 | -74.8% |
| Amounts payable within one year | 42/48 | €56,754 | €80,668 | +€23,914 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €6,069 | €13,349 | +€7,280 | +120% |
| Trade debts | 44 | €24,131 | €21,658 | -€2,473 | -10.2% |
| Suppliers | 440/4 | €24,131 | €21,658 | -€2,473 | -10.2% |
| Taxes, remuneration and social security | 45 | €23,014 | €20,160 | -€2,854 | -12.4% |
| Taxes | 450/3 | €2,938 | €1,178 | -€1,760 | -59.9% |
| Remuneration and social security | 454/9 | €20,076 | €18,983 | -€1,094 | -5.4% |
| Other amounts payable | 47/48 | €3,540 | €25,500 | +€21,960 | +620% |
| Remuneration, social security and pensions | 62 | €183,782 | €182,702 | -€1,079 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,722 | €7,786 | +€63 | +0.8% |
| Other operating charges | 640/8 | €266 | €8,274 | +€8,008 | +3,010% |
| Non-recurring operating charges | 66A | €141 | - | -€141 | |
| Gross operating margin | 9900 | €212,952 | €183,611 | -€29,341 | -13.8% |
| Operating profit (loss) | 9901 | €21,041 | -€15,150 | -€36,191 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -94.4% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -94.4% |
| Financial charges | 65/66B | €842 | €1,672 | +€830 | +98.6% |
| Recurring financial charges | 65 | €842 | €1,672 | +€830 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €20,206 | -€16,822 | -€37,028 | |
| Income taxes | 67/77 | €6,319 | €99 | -€6,220 | -98.4% |
| Profit (loss) for the period | 9904 | €13,887 | -€16,920 | -€30,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,887 | -€16,920 | -€30,807 |
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 16 October 2026 via checked.be.