WaveFront Imagineering: 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.
WaveFront Imagineering
Largest movements
- Cash +€174,772
up €174,772 (+66.3%), from €263,574 to €438,346
mainly Net result for the year (+€178,727) and Tax, wage and social debts (+€49,824)
- Receivables within one year +€48,868
up €48,868 (+184%), from €26,620 to €75,488
of which Trade receivables: +€48,789
- Reserves +€178,727
up €178,727 (+78.3%), from €228,348 to €407,075
- Tax, wage and social debts +€49,824
up €49,824 (+92.9%), from €53,641 to €103,465
- Other debts -€8,494
down €8,494 (-69.7%), from €12,187 to €3,693
- Gross operating margin +€110,983
up €110,983 (+82.0%), from €135,344 to €246,327
- Taxes +€31,623
up €31,623 (+112%), from €28,346 to €59,969
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 | €300,795 | €520,234 | +€219,439 | +73.0% |
| Fixed assets | 21/28 | €10,601 | €6,400 | -€4,201 | -39.6% |
| Tangible fixed assets | 22/27 | €10,601 | €6,400 | -€4,201 | -39.6% |
| Furniture and vehicles | 24 | €10,601 | €6,400 | -€4,201 | -39.6% |
| Current assets | 29/58 | €290,194 | €513,834 | +€223,640 | +77.1% |
| Amounts receivable within one year | 40/41 | €26,620 | €75,488 | +€48,868 | +184% |
| Trade receivables | 40 | €26,620 | €75,409 | +€48,789 | +183% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €263,574 | €438,346 | +€174,772 | +66.3% |
| Total equity and liabilities | 10/49 | €300,795 | €520,234 | +€219,439 | +73.0% |
| Equity | 10/15 | €234,348 | €413,075 | +€178,727 | +76.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €228,348 | €407,075 | +€178,727 | +78.3% |
| Distributable reserves | 133 | €228,348 | €407,075 | +€178,727 | +78.3% |
| Amounts payable | 17/49 | €66,447 | €107,159 | +€40,711 | +61.3% |
| Amounts payable within one year | 42/48 | €66,447 | €107,159 | +€40,711 | +61.3% |
| Trade debts | 44 | €619 | - | -€619 | |
| Suppliers | 440/4 | €619 | - | -€619 | |
| Taxes, remuneration and social security | 45 | €53,641 | €103,465 | +€49,824 | +92.9% |
| Taxes | 450/3 | €53,641 | €103,465 | +€49,824 | +92.9% |
| Other amounts payable | 47/48 | €12,187 | €3,693 | -€8,494 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,282 | €6,140 | +€858 | +16.3% |
| Other operating charges | 640/8 | €1,442 | €1,108 | -€334 | -23.2% |
| Gross operating margin | 9900 | €135,344 | €246,327 | +€110,983 | +82.0% |
| Operating profit (loss) | 9901 | €128,620 | €239,079 | +€110,459 | +85.9% |
| Financial charges | 65/66B | €139 | €383 | +€244 | +175% |
| Recurring financial charges | 65 | €139 | €383 | +€244 | +175% |
| Profit (loss) for the period before taxes | 9903 | €128,481 | €238,696 | +€110,215 | +85.8% |
| Income taxes | 67/77 | €28,346 | €59,969 | +€31,623 | +112% |
| Profit (loss) for the period | 9904 | €100,135 | €178,727 | +€78,593 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,135 | €178,727 | +€78,593 | +78.5% |
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 15 October 2026 via checked.be.