WAVEMATE: 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.
WAVEMATE
Largest movements
- Receivables within one year +€25,161
up €25,161 (+189%), from €13,335 to €38,496
of which Trade receivables: +€22,202
- Cash +€1,949
up €1,949 (+36.6%), from €5,326 to €7,275
mainly Net result for the year (+€15,035) and Tax, wage and social debts (+€8,546)
- Tangible fixed assets +€1,322
up €1,322 (+42.8%), from €3,089 to €4,411
- Profit (loss) carried forward +€8,585
no longer reported in 2025 (was -€8,585)
- Tax, wage and social debts +€8,546
up €8,546 (+162%), from €5,265 to €13,811
- Reserves +€6,450
new in 2025: €6,450
- Trade debts +€4,851
up €4,851 (+6,964%), from €70 to €4,921
- Taxes +€3,235
up €3,235 (+152%), from €2,121 to €5,356
- Gross operating margin +€2,912
up €2,912 (+14.4%), from €20,179 to €23,091
- Depreciation +€1,256
up €1,256 (+109%), from €1,148 to €2,404
- Financial income +€676
up €676 (+219%), from €308 to €984
- Other operating charges +€484
up €484 (+134%), from €361 to €845
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 | €21,750 | €50,182 | +€28,432 | +131% |
| Fixed assets | 21/28 | €3,089 | €4,411 | +€1,322 | +42.8% |
| Tangible fixed assets | 22/27 | €3,089 | €4,411 | +€1,322 | +42.8% |
| Furniture and vehicles | 24 | €3,089 | €4,411 | +€1,322 | +42.8% |
| Current assets | 29/58 | €18,661 | €45,771 | +€27,110 | +145% |
| Amounts receivable within one year | 40/41 | €13,335 | €38,496 | +€25,161 | +189% |
| Trade receivables | 40 | €2,897 | €25,100 | +€22,202 | +766% |
| Other amounts receivable | 41 | €10,438 | €13,396 | +€2,959 | +28.3% |
| Cash at bank and in hand | 54/58 | €5,326 | €7,275 | +€1,949 | +36.6% |
| Total equity and liabilities | 10/49 | €21,750 | €50,182 | +€28,432 | +131% |
| Equity | 10/15 | €16,415 | €31,450 | +€15,035 | +91.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €6,450 | +€6,450 | |
| Distributable reserves | 133 | - | €6,450 | +€6,450 | |
| Profit (loss) carried forward | 14 | -€8,585 | - | +€8,585 | |
| Amounts payable | 17/49 | €5,335 | €18,732 | +€13,397 | +251% |
| Amounts payable within one year | 42/48 | €5,335 | €18,732 | +€13,397 | +251% |
| Trade debts | 44 | €70 | €4,921 | +€4,851 | +6,964% |
| Suppliers | 440/4 | €70 | €4,921 | +€4,851 | +6,964% |
| Taxes, remuneration and social security | 45 | €5,265 | €13,811 | +€8,546 | +162% |
| Taxes | 450/3 | €5,265 | €13,811 | +€8,546 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €2,404 | +€1,256 | +109% |
| Other operating charges | 640/8 | €361 | €845 | +€484 | +134% |
| Gross operating margin | 9900 | €20,179 | €23,091 | +€2,912 | +14.4% |
| Operating profit (loss) | 9901 | €18,670 | €19,842 | +€1,172 | +6.3% |
| Financial income | 75/76B | €308 | €984 | +€676 | +219% |
| Recurring financial income | 75 | €308 | €984 | +€676 | +219% |
| Financial charges | 65/66B | €287 | €436 | +€148 | +51.6% |
| Recurring financial charges | 65 | €287 | €436 | +€148 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €18,691 | €20,391 | +€1,700 | +9.1% |
| Income taxes | 67/77 | €2,121 | €5,356 | +€3,235 | +152% |
| Profit (loss) for the period | 9904 | €16,569 | €15,035 | -€1,535 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,569 | €15,035 | -€1,535 | -9.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.