WAVIN BELGIUM: 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.
What changed
WAVIN BELGIUM
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.5m
2024 · -€4.8m+€296,928
Equity
-€3.8m
2024 · €730,061-€4.5m
Cash
€45,381
2024 · €38,736+€6,644
Balance sheet total
€3.6m
2024 · €8.6m-€5.0m
Largest movements
Assets
- Receivables within one year -€4.4m
down €4.4m (-62.6%), from €7.0m to €2.6m
of which Other amounts receivable: -€4.2m
- Stocks and contracts -€481,918
down €481,918 (-40.0%), from €1.2m to €724,331
- Tangible fixed assets -€132,919
down €132,919 (-46.7%), from €284,479 to €151,560
of which Assets under construction and advance payments: -€92,500
Equity and liabilities
- Profit (loss) carried forward -€4.5m
down €4.5m (-27.0%), from -€16.8m to -€21.3m
- Other debts +€4.4m
up €4.4m (+4,474%), from €97,367 to €4.5m
- Trade debts -€3.8m
down €3.8m (-67.9%), from €5.6m to €1.8m
- Provisions -€884,765
down €884,765 (-73.4%), from €1.2m to €320,957
of which Provisions for liabilities and charges: -€884,751
- Tax, wage and social debts -€152,263
down €152,263 (-15.8%), from €964,340 to €812,077
of which Remuneration and social security: -€108,067
Income statement
- Turnover -€4.0m
down €4.0m (-14.1%), from €28.5m to €24.4m
- Provisions -€2.1m
down €2.1m, from €1.2m to -€884,751
- Goods and materials -€1.6m
down €1.6m (-7.8%), from €20.2m to €18.6m
of which Purchases: -€1.9m
- Services and other goods -€1.0m
down €1.0m (-12.5%), from €8.1m to €7.1m
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.
Result 2024
-€4.8m
Turnover
-€4.0m
Other operating income
+€211,713
Goods and materials
+€1.6m
Services and other goods
+€1.0m
Staff costs
-€257,173
Depreciation
+€20,639
Write-downs
-€27,274
Provisions
+€2.1m
Other operating charges
-€18,091
Other operating items
-€12,755
Financial income
-€213,356
Financial charges
-€22,796
Taxes
+€1,374
Result 2025
-€4.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€43,206
Investment
+€94,750
Financing
-€44,899
Cash 2024
€38,736
From operations (derived)
-€43,206
Net result for the year
-€4.5m
Depreciation
+€38,044
Stocks and contracts
+€481,918
Receivables within one year
+€4.4m
Deferred charges and accrued income
+€44,598
Provisions
-€884,765
Trade debts
-€3.8m
Tax, wage and social debts
-€152,263
Other debts
+€4.4m
Accrued charges and deferred income
+€6,640
Investment (derived)
+€94,750
Investment in fixed assets (net)
+€94,750
Financing
-€44,899
Short-term financial debts
-€44,872
Contributions, distributions and other
-€27
Cash 2025
€45,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,635,808 | €3,594,896 | -€5.0m | -58.4% |
| Fixed assets | 21/28 | €305,729 | €172,935 | -€132,794 | -43.4% |
| Tangible fixed assets | 22/27 | €284,479 | €151,560 | -€132,919 | -46.7% |
| Land and buildings | 22 | €137,787 | €126,467 | -€11,321 | -8.2% |
| Plant, machinery and equipment | 23 | €24,344 | €6,051 | -€18,294 | -75.1% |
| Furniture and vehicles | 24 | €29,847 | €19,043 | -€10,805 | -36.2% |
| Assets under construction and advance payments | 27 | €92,500 | - | -€92,500 | |
| Financial fixed assets | 28 | €21,250 | €21,375 | +€125 | +0.6% |
| Other financial fixed assets | 284/8 | €21,250 | €21,375 | +€125 | +0.6% |
| Amounts receivable and cash guarantees | 285/8 | €21,250 | €21,375 | +€125 | +0.6% |
| Current assets | 29/58 | €8,330,079 | €3,421,961 | -€4.9m | -58.9% |
| Stocks and contracts in progress | 3 | €1,206,249 | €724,331 | -€481,918 | -40.0% |
| Stocks | 30/36 | €1,206,249 | €724,331 | -€481,918 | -40.0% |
| Raw materials and consumables | 30/31 | €7,789 | €5,530 | -€2,260 | -29.0% |
| Finished goods | 33 | €46,462 | - | -€46,462 | |
| Goods purchased for resale | 34 | €1,151,998 | €718,801 | -€433,197 | -37.6% |
| Amounts receivable within one year | 40/41 | €7,005,754 | €2,617,508 | -€4.4m | -62.6% |
| Trade receivables | 40 | €2,796,767 | €2,576,918 | -€219,849 | -7.9% |
| Other amounts receivable | 41 | €4,208,987 | €40,589 | -€4.2m | -99.0% |
| Cash at bank and in hand | 54/58 | €38,736 | €45,381 | +€6,644 | +17.2% |
| Deferred charges and accrued income | 490/1 | €79,340 | €34,742 | -€44,598 | -56.2% |
| Total equity and liabilities | 10/49 | €8,635,808 | €3,594,896 | -€5.0m | -58.4% |
| Equity | 10/15 | €730,061 | -€3,798,730 | -€4.5m | |
| Contributions | 10/11 | €15,100,135 | €15,100,135 | = | 0.0% |
| Capital | 10 | €15,100,129 | €15,100,129 | = | 0.0% |
| Issued capital | 100 | €15,100,129 | €15,100,129 | = | 0.0% |
| Contributions outside capital | 11 | €6 | €6 | = | 0.0% |
| Share premium | 1100/10 | €6 | €6 | = | 0.0% |
| Reserves | 13 | €2,411,314 | €2,411,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,809 | €11,809 | = | 0.0% |
| Legal reserve | 130 | €7,809 | €7,809 | = | 0.0% |
| Other | 1319 | €4,001 | €4,001 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,635 | €74,635 | = | 0.0% |
| Distributable reserves | 133 | €2,324,869 | €2,324,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,782,490 | -€21,311,254 | -€4.5m | -27.0% |
| Investment grants | 15 | €1,102 | €1,075 | -€27 | -2.4% |
| Provisions and deferred taxes | 16 | €1,205,722 | €320,957 | -€884,765 | -73.4% |
| Provisions for liabilities and charges | 160/5 | €1,205,134 | €320,383 | -€884,751 | -73.4% |
| Pensions and similar obligations | 160 | €6,044 | - | -€6,044 | |
| Other liabilities and charges | 164/5 | €1,199,090 | €320,383 | -€878,707 | -73.3% |
| Deferred taxes | 168 | €588 | €574 | -€14 | -2.3% |
| Amounts payable | 17/49 | €6,700,024 | €7,072,669 | +€372,644 | +5.6% |
| Amounts payable within one year | 42/48 | €6,695,774 | €7,061,778 | +€366,004 | +5.5% |
| Financial debts | 43 | €44,872 | - | -€44,872 | |
| Credit institutions | 430/8 | €44,872 | - | -€44,872 | |
| Trade debts | 44 | €5,589,194 | €1,796,608 | -€3.8m | -67.9% |
| Suppliers | 440/4 | €5,589,194 | €1,796,608 | -€3.8m | -67.9% |
| Taxes, remuneration and social security | 45 | €964,340 | €812,077 | -€152,263 | -15.8% |
| Taxes | 450/3 | €229,808 | €185,612 | -€44,196 | -19.2% |
| Remuneration and social security | 454/9 | €734,532 | €626,466 | -€108,067 | -14.7% |
| Other amounts payable | 47/48 | €97,367 | €4,453,092 | +€4.4m | +4,474% |
| Accrued charges and deferred income | 492/3 | €4,251 | €10,891 | +€6,640 | +156% |
| Operating income | 70/76A | €29,839,642 | €26,018,546 | -€3.8m | -12.8% |
| Turnover | 70 | €28,467,793 | €24,442,427 | -€4.0m | -14.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€12,728 | -€46,462 | -€33,734 | -265% |
| Other operating income | 74 | €1,384,577 | €1,596,290 | +€211,713 | +15.3% |
| Non-recurring operating income | 76A | - | €26,291 | +€26,291 | |
| Operating charges | 60/66A | €34,568,972 | €30,216,169 | -€4.4m | -12.6% |
| Goods for resale, raw materials and consumables | 60 | €20,170,114 | €18,605,929 | -€1.6m | -7.8% |
| Purchases | 600/8 | €20,176,139 | €18,264,133 | -€1.9m | -9.5% |
| Change in stocks: decrease (increase) | 609 | -€6,025 | €341,796 | +€347,821 | |
| Services and other goods | 61 | €8,057,540 | €7,052,115 | -€1.0m | -12.5% |
| Remuneration, social security and pensions | 62 | €4,990,295 | €5,247,468 | +€257,173 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,683 | €38,044 | -€20,639 | -35.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,081 | €69,355 | +€27,274 | +64.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,185,654 | -€884,751 | -€2.1m | |
| Other operating charges | 640/8 | €61,536 | €79,628 | +€18,091 | +29.4% |
| Non-recurring operating charges | 66A | €3,070 | €8,382 | +€5,312 | +173% |
| Operating profit (loss) | 9901 | -€4,729,330 | -€4,197,623 | +€531,707 | +11.2% |
| Financial income | 75/76B | €313,747 | €100,390 | -€213,356 | -68.0% |
| Recurring financial income | 75 | €313,747 | €100,390 | -€213,356 | -68.0% |
| Income from current assets | 751 | €286,553 | €34,969 | -€251,585 | -87.8% |
| Other financial income | 752/9 | €27,193 | €65,422 | +€38,228 | +141% |
| Financial charges | 65/66B | €405,918 | €428,714 | +€22,796 | +5.6% |
| Recurring financial charges | 65 | €405,918 | €428,714 | +€22,796 | +5.6% |
| Debt charges | 650 | €103,778 | €120,770 | +€16,991 | +16.4% |
| Other financial charges | 652/9 | €302,140 | €307,944 | +€5,805 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,821,501 | -€4,525,946 | +€295,555 | +6.1% |
| Transfer from deferred taxes | 780 | €14 | €14 | = | 0.0% |
| Income taxes | 67/77 | €4,206 | €2,832 | -€1,374 | -32.7% |
| Taxes | 670/3 | €4,206 | €2,832 | -€1,374 | -32.7% |
| Profit (loss) for the period | 9904 | -€4,825,693 | -€4,528,764 | +€296,928 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,825,693 | -€4,528,764 | +€296,928 | +6.2% |
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 17 October 2026 via checked.be.