WAVRE 1608: 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 1608
Largest movements
- Receivables within one year -€166,405
down €166,405 (-25.7%), from €648,288 to €481,883
of which Other amounts receivable: -€157,309
- Tangible fixed assets -€43,876
down €43,876 (-1.3%), from €3.5m to €3.5m
- Profit (loss) carried forward +€228,172
up €228,172 (+33.9%), from -€672,279 to -€444,107
- Other debts -€189,305
down €189,305 (-40.9%), from €463,222 to €273,918
- Debts after one year -€175,250
down €175,250 (-12.9%), from €1.4m to €1.2m
- Trade debts -€116,898
down €116,898 (-100.0%), from €116,898 to €0
- Gross operating margin +€188,440
up €188,440 (+117.7%), from €160,060 to €348,501
- Financial charges -€26,608
down €26,608 (-32.6%), from €81,713 to €55,105
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 | €4,231,945 | €4,010,474 | -€221,471 | -5.2% |
| Fixed assets | 21/28 | €3,499,613 | €3,455,737 | -€43,876 | -1.3% |
| Tangible fixed assets | 22/27 | €3,499,613 | €3,455,737 | -€43,876 | -1.3% |
| Land and buildings | 22 | €3,499,613 | €3,455,737 | -€43,876 | -1.3% |
| Current assets | 29/58 | €732,332 | €554,737 | -€177,595 | -24.3% |
| Amounts receivable within one year | 40/41 | €648,288 | €481,883 | -€166,405 | -25.7% |
| Trade receivables | 40 | €17,995 | €8,898 | -€9,097 | -50.6% |
| Other amounts receivable | 41 | €630,294 | €472,985 | -€157,309 | -25.0% |
| Cash at bank and in hand | 54/58 | €80,353 | €69,115 | -€11,238 | -14.0% |
| Deferred charges and accrued income | 490/1 | €3,690 | €3,739 | +€49 | +1.3% |
| Total equity and liabilities | 10/49 | €4,231,945 | €4,010,474 | -€221,471 | -5.2% |
| Equity | 10/15 | €2,161,134 | €2,389,306 | +€228,172 | +10.6% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,765,914 | €2,765,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€672,279 | -€444,107 | +€228,172 | +33.9% |
| Amounts payable | 17/49 | €2,070,810 | €1,621,168 | -€449,642 | -21.7% |
| Amounts payable after more than one year | 17 | €1,354,500 | €1,179,250 | -€175,250 | -12.9% |
| Financial debts | 170/4 | €1,354,500 | €1,179,250 | -€175,250 | -12.9% |
| Amounts payable within one year | 42/48 | €716,310 | €441,918 | -€274,392 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €136,190 | €168,000 | +€31,810 | +23.4% |
| Trade debts | 44 | €116,898 | €0 | -€116,898 | -100.0% |
| Suppliers | 440/4 | €116,898 | €0 | -€116,898 | -100.0% |
| Other amounts payable | 47/48 | €463,222 | €273,918 | -€189,305 | -40.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,619 | €219,860 | +€210,241 | +2185.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,586 | €43,876 | +€290 | +0.7% |
| Other operating charges | 640/8 | €24,369 | €21,599 | -€2,770 | -11.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €160,060 | €348,501 | +€188,440 | +117.7% |
| Operating profit (loss) | 9901 | €92,106 | €283,026 | +€190,920 | +207.3% |
| Financial income | 75/76B | - | €251 | +€251 | |
| Recurring financial income | 75 | - | €251 | +€251 | |
| Financial charges | 65/66B | €81,713 | €55,105 | -€26,608 | -32.6% |
| Recurring financial charges | 65 | €81,713 | €55,105 | -€26,608 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €10,393 | €228,172 | +€217,779 | +2095.5% |
| Profit (loss) for the period | 9904 | €10,393 | €228,172 | +€217,779 | +2095.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,393 | €228,172 | +€217,779 | +2095.5% |
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 11 October 2026 via checked.be.