WAVEDUST: 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.
WAVEDUST
Largest movements
- Receivables after one year -€207,250
down €207,250 (-45.4%), from €456,500 to €249,250
- Tangible fixed assets -€14,530
down €14,530 (-12.6%), from €115,530 to €100,999
of which Land and buildings: -€12,923
- Other debts -€148,562
down €148,562 (-94.9%), from €156,617 to €8,055
- Reserves -€44,403
down €44,403 (-13.6%), from €325,607 to €281,205
- Debts after one year -€23,005
down €23,005 (-41.7%), from €55,125 to €32,120
- Trade debts +€5,876
up €5,876 (+114.9%), from €5,114 to €10,990
- Gross operating margin +€14,569
up €14,569 (+34.4%), from -€42,303 to -€27,734
- Financial income -€7,935
down €7,935 (-56.9%), from €13,942 to €6,008
- Taxes -€3,561
down €3,561 (-92.5%), from €3,851 to €290
- Other operating charges +€1,016
up €1,016 (+22.2%), from €4,586 to €5,602
- Financial charges +€797
up €797 (+18.4%), from €4,328 to €5,124
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.
Cash bridge derived
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 | €580,418 | €367,540 | -€212,878 | -36.7% |
| Fixed assets | 21/28 | €115,530 | €100,999 | -€14,530 | -12.6% |
| Tangible fixed assets | 22/27 | €115,530 | €100,999 | -€14,530 | -12.6% |
| Land and buildings | 22 | €103,385 | €90,462 | -€12,923 | -12.5% |
| Plant, machinery and equipment | 23 | €6,813 | €6,153 | -€661 | -9.7% |
| Furniture and vehicles | 24 | €1,831 | €885 | -€946 | -51.7% |
| Assets under construction and advance payments | 27 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €464,888 | €266,540 | -€198,348 | -42.7% |
| Amounts receivable after more than one year | 29 | €456,500 | €249,250 | -€207,250 | -45.4% |
| Other amounts receivable | 291 | €456,500 | €249,250 | -€207,250 | -45.4% |
| Amounts receivable within one year | 40/41 | €4,056 | €9,320 | +€5,264 | +129.8% |
| Trade receivables | 40 | €4,056 | €9,320 | +€5,264 | +129.8% |
| Cash at bank and in hand | 54/58 | €2,821 | €1,964 | -€857 | -30.4% |
| Deferred charges and accrued income | 490/1 | €1,511 | €6,007 | +€4,496 | +297.5% |
| Total equity and liabilities | 10/49 | €580,418 | €367,540 | -€212,878 | -36.7% |
| Equity | 10/15 | €338,207 | €290,934 | -€47,274 | -14.0% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €325,607 | €281,205 | -€44,403 | -13.6% |
| Distributable reserves | 133 | €325,607 | €281,205 | -€44,403 | -13.6% |
| Profit (loss) carried forward | 14 | - | -€2,871 | -€2,871 | |
| Amounts payable | 17/49 | €242,211 | €76,606 | -€165,604 | -68.4% |
| Amounts payable after more than one year | 17 | €55,125 | €32,120 | -€23,005 | -41.7% |
| Financial debts | 170/4 | €55,125 | €32,120 | -€23,005 | -41.7% |
| Amounts payable within one year | 42/48 | €186,816 | €44,217 | -€142,599 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €23,920 | €24,882 | +€962 | +4.0% |
| Financial debts | 43 | €1,029 | - | -€1,029 | |
| Credit institutions | 430/8 | €1,029 | - | -€1,029 | |
| Trade debts | 44 | €5,114 | €10,990 | +€5,876 | +114.9% |
| Suppliers | 440/4 | €5,114 | €10,990 | +€5,876 | +114.9% |
| Taxes, remuneration and social security | 45 | €136 | €290 | +€154 | +113.0% |
| Taxes | 450/3 | €136 | €290 | +€154 | +113.0% |
| Other amounts payable | 47/48 | €156,617 | €8,055 | -€148,562 | -94.9% |
| Accrued charges and deferred income | 492/3 | €269 | €269 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,697 | €14,530 | -€166 | -1.1% |
| Other operating charges | 640/8 | €4,586 | €5,602 | +€1,016 | +22.2% |
| Gross operating margin | 9900 | -€42,303 | -€27,734 | +€14,569 | +34.4% |
| Operating profit (loss) | 9901 | -€61,586 | -€47,867 | +€13,719 | +22.3% |
| Financial income | 75/76B | €13,942 | €6,008 | -€7,935 | -56.9% |
| Recurring financial income | 75 | €13,942 | €6,008 | -€7,935 | -56.9% |
| Financial charges | 65/66B | €4,328 | €5,124 | +€797 | +18.4% |
| Recurring financial charges | 65 | €4,328 | €5,124 | +€797 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,971 | -€46,983 | +€4,988 | +9.6% |
| Income taxes | 67/77 | €3,851 | €290 | -€3,561 | -92.5% |
| Profit (loss) for the period | 9904 | -€55,822 | -€47,274 | +€8,549 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,822 | -€47,274 | +€8,549 | +15.3% |
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 10 October 2026 via checked.be.