WAVRE: 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.
WAVRE
Largest movements
- Cash -€20,355
down €20,355 (-31.6%), from €64,390 to €44,035
mainly Net result for the year (-€17,732) and Trade debts (-€11,005)
- Deferred charges and accrued income +€5,574
up €5,574 (+2,978%), from €187 to €5,761
- Receivables within one year -€5,052
down €5,052 (-14.7%), from €34,336 to €29,284
of which Other amounts receivable: -€4,705
- Tangible fixed assets -€1,337
down €1,337 (-47.8%), from €2,798 to €1,461
of which Other tangible fixed assets: -€1,000
- Profit (loss) carried forward -€17,732
down €17,732 (-80.3%), from €22,088 to €4,356
- Trade debts -€11,005
down €11,005 (-100%), from €11,005 to €0
of which Bills of exchange payable: -€11,005
- Other debts +€5,000
up €5,000 (+12.5%), from €40,000 to €45,000
- Tax, wage and social debts +€1,675
up €1,675 (+5.1%), from €32,688 to €34,362
of which Taxes: +€1,709
- Staff costs +€68,670
up €68,670 (+53.9%), from €127,298 to €195,968
- Gross operating margin +€24,464
up €24,464 (+15.5%), from €157,904 to €182,368
- Write-downs -€15,840
no longer reported in 2024 (was €15,840)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,241 | €87,179 | -€22,063 | -20.2% |
| Fixed assets | 21/28 | €2,798 | €1,461 | -€1,337 | -47.8% |
| Tangible fixed assets | 22/27 | €2,798 | €1,461 | -€1,337 | -47.8% |
| Plant, machinery and equipment | 23 | €564 | €62 | -€502 | -89.0% |
| Furniture and vehicles | 24 | €1,234 | €1,399 | +€165 | +13.4% |
| Other tangible fixed assets | 26 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €106,443 | €85,717 | -€20,726 | -19.5% |
| Stocks and contracts in progress | 3 | €7,530 | €6,638 | -€893 | -11.9% |
| Stocks | 30/36 | €7,530 | €6,638 | -€893 | -11.9% |
| Amounts receivable within one year | 40/41 | €34,336 | €29,284 | -€5,052 | -14.7% |
| Trade receivables | 40 | €27,349 | €27,002 | -€347 | -1.3% |
| Other amounts receivable | 41 | €6,987 | €2,282 | -€4,705 | -67.3% |
| Cash at bank and in hand | 54/58 | €64,390 | €44,035 | -€20,355 | -31.6% |
| Deferred charges and accrued income | 490/1 | €187 | €5,761 | +€5,574 | +2,978% |
| Total equity and liabilities | 10/49 | €109,241 | €87,179 | -€22,063 | -20.2% |
| Equity | 10/15 | €25,548 | €7,816 | -€17,732 | -69.4% |
| Contributions | 10/11 | €3,460 | €3,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,088 | €4,356 | -€17,732 | -80.3% |
| Amounts payable | 17/49 | €83,693 | €79,362 | -€4,331 | -5.2% |
| Amounts payable within one year | 42/48 | €83,693 | €79,362 | -€4,331 | -5.2% |
| Trade debts | 44 | €11,005 | €0 | -€11,005 | -100% |
| Suppliers | 440/4 | - | €0 | = | |
| Bills of exchange payable | 441 | €11,005 | - | -€11,005 | |
| Taxes, remuneration and social security | 45 | €32,688 | €34,362 | +€1,675 | +5.1% |
| Taxes | 450/3 | €10,071 | €11,780 | +€1,709 | +17.0% |
| Remuneration and social security | 454/9 | €22,617 | €22,583 | -€34 | -0.2% |
| Other amounts payable | 47/48 | €40,000 | €45,000 | +€5,000 | +12.5% |
| Remuneration, social security and pensions | 62 | €127,298 | €195,968 | +€68,670 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,800 | €2,031 | -€769 | -27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,840 | - | -€15,840 | |
| Other operating charges | 640/8 | €323 | €402 | +€78 | +24.2% |
| Non-recurring operating charges | 66A | - | €621 | +€621 | |
| Gross operating margin | 9900 | €157,904 | €182,368 | +€24,464 | +15.5% |
| Operating profit (loss) | 9901 | €11,643 | -€16,654 | -€28,297 | |
| Financial income | 75/76B | €400 | - | -€400 | |
| Recurring financial income | 75 | €400 | - | -€400 | |
| Financial charges | 65/66B | €955 | €1,078 | +€123 | +12.8% |
| Recurring financial charges | 65 | €672 | €1,078 | +€406 | +60.3% |
| Non-recurring financial charges | 66B | €283 | - | -€283 | |
| Profit (loss) for the period before taxes | 9903 | €11,088 | -€17,732 | -€28,820 | |
| Profit (loss) for the period | 9904 | €11,088 | -€17,732 | -€28,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,088 | -€17,732 | -€28,820 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.