WAVRE FINANCE: 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 FINANCE
Largest movements
- Receivables within one year +€23,803
up €23,803 (+55.4%), from €42,987 to €66,790
of which Trade receivables: +€12,474
- Cash -€17,289
down €17,289 (-10.5%), from €164,708 to €147,419
mainly Contributions, distributions and other (-€108,000) and Investment in fixed assets (net) (-€46,744)
- Other debts +€12,939
up €12,939 (+6.0%), from €217,040 to €229,979
- Tax, wage and social debts -€6,572
down €6,572 (-24.3%), from €27,096 to €20,524
of which Remuneration and social security: -€4,109
- Gross operating margin -€23,283
down €23,283 (-6.4%), from €365,313 to €342,030
- Staff costs +€13,186
up €13,186 (+8.5%), from €155,080 to €168,266
- Depreciation +€5,115
up €5,115 (+11.3%), from €45,284 to €50,399
- Other operating charges +€5,046
up €5,046 (+109%), from €4,618 to €9,664
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,635 | €411,683 | +€6,048 | +1.5% |
| Fixed assets | 21/28 | €181,650 | €177,995 | -€3,655 | -2.0% |
| Intangible fixed assets | 21 | €35,101 | €31,008 | -€4,093 | -11.7% |
| Tangible fixed assets | 22/27 | €146,199 | €146,638 | +€439 | +0.3% |
| Land and buildings | 22 | €137,620 | €110,194 | -€27,426 | -19.9% |
| Furniture and vehicles | 24 | €8,425 | €36,443 | +€28,019 | +333% |
| Other tangible fixed assets | 26 | €155 | - | -€155 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €223,985 | €233,688 | +€9,703 | +4.3% |
| Amounts receivable within one year | 40/41 | €42,987 | €66,790 | +€23,803 | +55.4% |
| Trade receivables | 40 | €41,050 | €53,524 | +€12,474 | +30.4% |
| Other amounts receivable | 41 | €1,937 | €13,266 | +€11,329 | +585% |
| Current investments | 50/53 | €9,945 | €11,856 | +€1,911 | +19.2% |
| Cash at bank and in hand | 54/58 | €164,708 | €147,419 | -€17,289 | -10.5% |
| Deferred charges and accrued income | 490/1 | €6,343 | €7,622 | +€1,279 | +20.2% |
| Total equity and liabilities | 10/49 | €405,635 | €411,683 | +€6,048 | +1.5% |
| Equity | 10/15 | €156,027 | €156,146 | +€119 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,700 | €43,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,327 | €50,446 | +€119 | +0.2% |
| Amounts payable | 17/49 | €249,607 | €255,537 | +€5,929 | +2.4% |
| Amounts payable within one year | 42/48 | €247,607 | €255,537 | +€7,929 | +3.2% |
| Trade debts | 44 | €3,472 | €5,034 | +€1,562 | +45.0% |
| Suppliers | 440/4 | €3,472 | €5,034 | +€1,562 | +45.0% |
| Taxes, remuneration and social security | 45 | €27,096 | €20,524 | -€6,572 | -24.3% |
| Taxes | 450/3 | €7,463 | €5,000 | -€2,463 | -33.0% |
| Remuneration and social security | 454/9 | €19,633 | €15,524 | -€4,109 | -20.9% |
| Other amounts payable | 47/48 | €217,040 | €229,979 | +€12,939 | +6.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €155,080 | €168,266 | +€13,186 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,284 | €50,399 | +€5,115 | +11.3% |
| Other operating charges | 640/8 | €4,618 | €9,664 | +€5,046 | +109% |
| Gross operating margin | 9900 | €365,313 | €342,030 | -€23,283 | -6.4% |
| Operating profit (loss) | 9901 | €160,330 | €113,701 | -€46,629 | -29.1% |
| Financial income | 75/76B | €2 | €545 | +€542 | +21,867% |
| Recurring financial income | 75 | €2 | €545 | +€542 | +21,867% |
| Financial charges | 65/66B | €1,906 | €1,125 | -€781 | -41.0% |
| Recurring financial charges | 65 | €1,906 | €1,125 | -€781 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €158,427 | €113,121 | -€45,306 | -28.6% |
| Income taxes | 67/77 | €5,389 | €5,002 | -€387 | -7.2% |
| Profit (loss) for the period | 9904 | €153,039 | €108,119 | -€44,919 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €153,039 | €108,119 | -€44,919 | -29.4% |
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 29 October 2026 via checked.be.