WAVI-TECHNICS: 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.
WAVI-TECHNICS
Largest movements
- Cash +€24,839
up €24,839 (+30.2%), from €82,324 to €107,163
mainly Net result for the year (+€17,758) and Depreciation (+€16,795)
- Tangible fixed assets -€10,965
down €10,965 (-11.8%), from €92,560 to €81,595
of which Furniture and vehicles: -€15,193
- Receivables within one year -€2,649
down €2,649 (-10.3%), from €25,830 to €23,181
of which Trade receivables: -€2,453
- Reserves +€17,758
up €17,758 (+57.9%), from €30,691 to €48,449
- Tax, wage and social debts -€8,247
down €8,247 (-58.7%), from €14,053 to €5,806
- Other debts +€3,863
up €3,863 (+30.3%), from €12,763 to €16,626
- Write-downs -€39,370
no longer reported in 2025 (was €39,370)
- Gross operating margin -€33,237
down €33,237 (-42.1%), from €78,985 to €45,749
- Depreciation +€4,430
up €4,430 (+35.8%), from €12,365 to €16,795
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 | €204,761 | €216,535 | +€11,774 | +5.8% |
| Fixed assets | 21/28 | €92,560 | €81,595 | -€10,965 | -11.8% |
| Tangible fixed assets | 22/27 | €92,560 | €81,595 | -€10,965 | -11.8% |
| Land and buildings | 22 | €24,435 | €24,435 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,274 | €7,502 | +€4,228 | +129.1% |
| Furniture and vehicles | 24 | €64,851 | €49,658 | -€15,193 | -23.4% |
| Current assets | 29/58 | €112,201 | €134,940 | +€22,739 | +20.3% |
| Amounts receivable within one year | 40/41 | €25,830 | €23,181 | -€2,649 | -10.3% |
| Trade receivables | 40 | €25,610 | €23,156 | -€2,453 | -9.6% |
| Other amounts receivable | 41 | €221 | €25 | -€196 | -88.7% |
| Cash at bank and in hand | 54/58 | €82,324 | €107,163 | +€24,839 | +30.2% |
| Deferred charges and accrued income | 490/1 | €4,046 | €4,595 | +€549 | +13.6% |
| Total equity and liabilities | 10/49 | €204,761 | €216,535 | +€11,774 | +5.8% |
| Equity | 10/15 | €171,259 | €189,017 | +€17,758 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,691 | €48,449 | +€17,758 | +57.9% |
| Distributable reserves | 133 | €30,691 | €48,449 | +€17,758 | +57.9% |
| Profit (loss) carried forward | 14 | €134,368 | €134,368 | = | 0.0% |
| Amounts payable | 17/49 | €33,502 | €27,518 | -€5,984 | -17.9% |
| Amounts payable within one year | 42/48 | €33,502 | €27,518 | -€5,984 | -17.9% |
| Trade debts | 44 | €6,686 | €5,086 | -€1,600 | -23.9% |
| Suppliers | 440/4 | €6,686 | €5,086 | -€1,600 | -23.9% |
| Taxes, remuneration and social security | 45 | €14,053 | €5,806 | -€8,247 | -58.7% |
| Taxes | 450/3 | €14,053 | €5,806 | -€8,247 | -58.7% |
| Other amounts payable | 47/48 | €12,763 | €16,626 | +€3,863 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,365 | €16,795 | +€4,430 | +35.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,370 | - | -€39,370 | |
| Other operating charges | 640/8 | €2,562 | €2,594 | +€32 | +1.3% |
| Gross operating margin | 9900 | €78,985 | €45,749 | -€33,237 | -42.1% |
| Operating profit (loss) | 9901 | €24,689 | €26,360 | +€1,671 | +6.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €127 | €155 | +€28 | +22.1% |
| Recurring financial charges | 65 | €127 | €155 | +€28 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €24,562 | €26,205 | +€1,643 | +6.7% |
| Income taxes | 67/77 | €7,721 | €8,448 | +€726 | +9.4% |
| Profit (loss) for the period | 9904 | €16,841 | €17,758 | +€917 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,841 | €17,758 | +€917 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.