WAW design: 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.
WAW design
Largest movements
- Cash -€100,317
down €100,317 (-94.0%), from €106,750 to €6,434
mainly Trade debts (-€64,021) and Receivables within one year (-€51,300)
- Receivables within one year +€51,300
up €51,300 (+392%), from €13,093 to €64,393
of which Trade receivables: +€43,821
- Tangible fixed assets -€8,018
down €8,018 (-5.9%), from €135,687 to €127,669
of which Plant, machinery and equipment: -€15,307
- Trade debts -€64,021
down €64,021 (-81.4%), from €78,609 to €14,589
- Profit (loss) carried forward +€16,929
up €16,929 (+86.6%), from €19,544 to €36,472
- Debts after one year -€15,273
down €15,273 (-11.2%), from €136,566 to €121,293
- Tax, wage and social debts +€5,274
up €5,274 (+46.6%), from €11,320 to €16,594
- Depreciation +€18,073
up €18,073 (+1,376%), from €1,313 to €19,386
- Gross operating margin +€13,794
up €13,794 (+44.7%), from €30,826 to €44,620
- Taxes -€1,610
down €1,610 (-28.6%), from €5,634 to €4,024
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 | €259,589 | €203,141 | -€56,448 | -21.7% |
| Fixed assets | 21/28 | €135,687 | €127,669 | -€8,018 | -5.9% |
| Tangible fixed assets | 22/27 | €135,687 | €127,669 | -€8,018 | -5.9% |
| Plant, machinery and equipment | 23 | €135,687 | €120,379 | -€15,307 | -11.3% |
| Furniture and vehicles | 24 | - | €2,258 | +€2,258 | |
| Other tangible fixed assets | 26 | - | €5,032 | +€5,032 | |
| Current assets | 29/58 | €123,903 | €75,472 | -€48,430 | -39.1% |
| Amounts receivable within one year | 40/41 | €13,093 | €64,393 | +€51,300 | +392% |
| Trade receivables | 40 | €13,037 | €56,858 | +€43,821 | +336% |
| Other amounts receivable | 41 | €55 | €7,535 | +€7,479 | +13,537% |
| Cash at bank and in hand | 54/58 | €106,750 | €6,434 | -€100,317 | -94.0% |
| Deferred charges and accrued income | 490/1 | €4,060 | €4,646 | +€586 | +14.4% |
| Total equity and liabilities | 10/49 | €259,589 | €203,141 | -€56,448 | -21.7% |
| Equity | 10/15 | €19,544 | €36,472 | +€16,929 | +86.6% |
| Profit (loss) carried forward | 14 | €19,544 | €36,472 | +€16,929 | +86.6% |
| Amounts payable | 17/49 | €240,046 | €166,669 | -€73,377 | -30.6% |
| Amounts payable after more than one year | 17 | €136,566 | €121,293 | -€15,273 | -11.2% |
| Financial debts | 170/4 | €136,566 | €121,293 | -€15,273 | -11.2% |
| Amounts payable within one year | 42/48 | €103,480 | €45,376 | -€58,104 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €13,434 | €14,194 | +€759 | +5.7% |
| Trade debts | 44 | €78,609 | €14,589 | -€64,021 | -81.4% |
| Suppliers | 440/4 | €78,609 | €14,589 | -€64,021 | -81.4% |
| Taxes, remuneration and social security | 45 | €11,320 | €16,594 | +€5,274 | +46.6% |
| Taxes | 450/3 | €11,320 | €16,594 | +€5,274 | +46.6% |
| Other amounts payable | 47/48 | €117 | - | -€117 | |
| Non-recurring operating income | 76A | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,313 | €19,386 | +€18,073 | +1,376% |
| Other operating charges | 640/8 | €387 | €46 | -€341 | -88.1% |
| Non-recurring operating charges | 66A | €1 | €14 | +€13 | +2,203% |
| Gross operating margin | 9900 | €30,826 | €44,620 | +€13,794 | +44.7% |
| Operating profit (loss) | 9901 | €29,125 | €25,174 | -€3,951 | -13.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,947 | €4,226 | +€279 | +7.1% |
| Recurring financial charges | 65 | €3,947 | €4,226 | +€279 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €25,177 | €20,953 | -€4,225 | -16.8% |
| Income taxes | 67/77 | €5,634 | €4,024 | -€1,610 | -28.6% |
| Profit (loss) for the period | 9904 | €19,544 | €16,929 | -€2,615 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,544 | €16,929 | -€2,615 | -13.4% |
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 20 October 2026 via checked.be.