WAVEMINT: what changed
Two fiscal 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.
WAVEMINT
Largest movements
- Intangible fixed assets -€40,483
down €40,483 (-25.0%), from €161,934 to €121,450
- Cash -€39,705
down €39,705 (-100.0%), from €39,707 to €2
mainly Net result for the year (-€53,747) and Receivables within one year (-€22,439)
- Receivables within one year +€22,439
up €22,439 (+2097.9%), from €1,070 to €23,509
- Profit (loss) carried forward -€53,747
down €53,747 (-32.5%), from -€165,625 to -€219,373
- Trade debts -€5,930
down €5,930 (-81.9%), from €7,240 to €1,310
- Gross operating margin +€111,213
up €111,213 (+90.4%), from -€122,999 to -€11,786
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 | €306,680 | €247,677 | -€59,003 | -19.2% |
| Fixed assets | 21/28 | €265,903 | €224,166 | -€41,738 | -15.7% |
| Intangible fixed assets | 21 | €161,934 | €121,450 | -€40,483 | -25.0% |
| Tangible fixed assets | 22/27 | €3,970 | €2,716 | -€1,254 | -31.6% |
| Plant, machinery and equipment | 23 | €2,819 | €1,853 | -€967 | -34.3% |
| Furniture and vehicles | 24 | €1,150 | €863 | -€288 | -25.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €40,777 | €23,511 | -€17,265 | -42.3% |
| Amounts receivable within one year | 40/41 | €1,070 | €23,509 | +€22,439 | +2097.9% |
| Other amounts receivable | 41 | €1,070 | €23,509 | +€22,439 | +2097.9% |
| Cash at bank and in hand | 54/58 | €39,707 | €2 | -€39,705 | -100.0% |
| Total equity and liabilities | 10/49 | €306,680 | €247,677 | -€59,003 | -19.2% |
| Equity | 10/15 | €284,375 | €230,627 | -€53,747 | -18.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,625 | -€219,373 | -€53,747 | -32.5% |
| Amounts payable | 17/49 | €22,305 | €17,050 | -€5,256 | -23.6% |
| Amounts payable within one year | 42/48 | €22,240 | €16,341 | -€5,899 | -26.5% |
| Financial debts | 43 | - | €30 | +€30 | |
| Credit institutions | 430/8 | - | €30 | +€30 | |
| Trade debts | 44 | €7,240 | €1,310 | -€5,930 | -81.9% |
| Suppliers | 440/4 | €7,240 | €1,310 | -€5,930 | -81.9% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €709 | +€643 | +979.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,852 | €41,738 | +€886 | +2.2% |
| Other operating charges | 640/8 | €638 | €129 | -€509 | -79.8% |
| Gross operating margin | 9900 | -€122,999 | -€11,786 | +€111,213 | +90.4% |
| Operating profit (loss) | 9901 | -€164,489 | -€53,653 | +€110,836 | +67.4% |
| Financial income | 75/76B | €1 | €298 | +€297 | +59440.0% |
| Recurring financial income | 75 | €1 | €298 | +€297 | +59440.0% |
| Financial charges | 65/66B | €1,137 | €392 | -€745 | -65.5% |
| Recurring financial charges | 65 | €1,137 | €392 | -€745 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€165,625 | -€53,747 | +€111,878 | +67.5% |
| Profit (loss) for the period | 9904 | -€165,625 | -€53,747 | +€111,878 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,625 | -€53,747 | +€111,878 | +67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.