WAW PRODUCTION: what changed
What changed
WAW PRODUCTION
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
€2,777
2024 · €6,636-€3,859
Equity
€128,725
2024 · €127,052+€1,672
Cash
€20,645
2024 · €20,730-€85
Balance sheet total
€374,464
2024 · €390,227-€15,764
Largest movements
Assets
- Tangible fixed assets -€21,386
down €21,386 (-15.6%), from €136,789 to €115,403
- Receivables within one year +€16,895
up €16,895 (+7.8%), from €217,659 to €234,554
of which Other amounts receivable: +€40,514
- Stocks and contracts -€6,583
down €6,583 (-66.7%), from €9,864 to €3,281
- Deferred charges and accrued income -€4,605
no longer reported in 2025 (was €4,605)
Equity and liabilities
- Short-term financial debts -€32,207
no longer reported in 2025 (was €32,207)
- Debts after one year -€26,123
down €26,123 (-32.1%), from €81,324 to €55,202
- Trade debts +€24,307
up €24,307 (+24.8%), from €98,105 to €122,412
- Accrued charges and deferred income +€15,740
up €15,740 (+1,087%), from €1,449 to €17,189
- Other debts +€4,813
up €4,813 (+61.1%), from €7,881 to €12,694
Income statement
- Other operating charges +€7,620
up €7,620 (+121%), from €6,279 to €13,899
- Gross operating margin +€4,865
up €4,865 (+7.4%), from €65,661 to €70,526
- Depreciation +€3,184
up €3,184 (+8.6%), from €36,858 to €40,042
- Financial charges -€2,816
down €2,816 (-23.1%), from €12,181 to €9,364
- Write-downs +€1,774
up €1,774 (+67.8%), from €2,617 to €4,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,636
Gross operating margin
+€4,865
Depreciation
-€3,184
Write-downs
-€1,774
Other operating charges
-€7,620
Financial income
-€210
Financial charges
+€2,816
Taxes
+€1,248
Result 2025
€2,777
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€82,253
Investment
-€18,656
Financing
-€63,681
Cash 2024
€20,730
From operations (derived)
+€82,253
Net result for the year
+€2,777
Depreciation
+€40,042
Stocks and contracts
+€6,583
Receivables within one year
-€16,895
Deferred charges and accrued income
+€4,605
Provisions
-€569
Trade debts
+€24,307
Tax, wage and social debts
+€849
Other debts
+€4,813
Accrued charges and deferred income
+€15,740
Investment (derived)
-€18,656
Investment in fixed assets (net)
-€18,656
Financing
-€63,681
Debts after one year
-€26,123
Current portion of long-term debt
-€4,247
Short-term financial debts
-€32,207
Contributions, distributions and other
-€1,105
Cash 2025
€20,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,227 | €374,464 | -€15,764 | -4.0% |
| Fixed assets | 21/28 | €137,369 | €115,983 | -€21,386 | -15.6% |
| Tangible fixed assets | 22/27 | €136,789 | €115,403 | -€21,386 | -15.6% |
| Land and buildings | 22 | €32,774 | €22,100 | -€10,674 | -32.6% |
| Plant, machinery and equipment | 23 | €66,361 | €65,132 | -€1,228 | -1.9% |
| Furniture and vehicles | 24 | €37,655 | €28,171 | -€9,484 | -25.2% |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €252,858 | €258,480 | +€5,622 | +2.2% |
| Stocks and contracts in progress | 3 | €9,864 | €3,281 | -€6,583 | -66.7% |
| Stocks | 30/36 | €9,864 | €3,281 | -€6,583 | -66.7% |
| Amounts receivable within one year | 40/41 | €217,659 | €234,554 | +€16,895 | +7.8% |
| Trade receivables | 40 | €197,981 | €174,362 | -€23,619 | -11.9% |
| Other amounts receivable | 41 | €19,678 | €60,192 | +€40,514 | +206% |
| Cash at bank and in hand | 54/58 | €20,730 | €20,645 | -€85 | -0.4% |
| Deferred charges and accrued income | 490/1 | €4,605 | - | -€4,605 | |
| Total equity and liabilities | 10/49 | €390,227 | €374,464 | -€15,764 | -4.0% |
| Equity | 10/15 | €127,052 | €128,725 | +€1,672 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,853 | €104,631 | +€2,777 | +2.7% |
| Investment grants | 15 | €4,748 | €3,643 | -€1,105 | -23.3% |
| Provisions and deferred taxes | 16 | €2,445 | €1,876 | -€569 | -23.3% |
| Deferred taxes | 168 | €2,445 | €1,876 | -€569 | -23.3% |
| Amounts payable | 17/49 | €260,730 | €243,863 | -€16,867 | -6.5% |
| Amounts payable after more than one year | 17 | €81,324 | €55,202 | -€26,123 | -32.1% |
| Financial debts | 170/4 | €81,324 | €55,202 | -€26,123 | -32.1% |
| Amounts payable within one year | 42/48 | €177,957 | €171,472 | -€6,485 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €32,319 | €28,072 | -€4,247 | -13.1% |
| Financial debts | 43 | €32,207 | - | -€32,207 | |
| Credit institutions | 430/8 | €32,207 | - | -€32,207 | |
| Trade debts | 44 | €98,105 | €122,412 | +€24,307 | +24.8% |
| Suppliers | 440/4 | €98,105 | €122,412 | +€24,307 | +24.8% |
| Taxes, remuneration and social security | 45 | €7,445 | €8,294 | +€849 | +11.4% |
| Taxes | 450/3 | €6,695 | €8,294 | +€1,599 | +23.9% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €7,881 | €12,694 | +€4,813 | +61.1% |
| Accrued charges and deferred income | 492/3 | €1,449 | €17,189 | +€15,740 | +1,087% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,858 | €40,042 | +€3,184 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,617 | €4,391 | +€1,774 | +67.8% |
| Other operating charges | 640/8 | €6,279 | €13,899 | +€7,620 | +121% |
| Gross operating margin | 9900 | €65,661 | €70,526 | +€4,865 | +7.4% |
| Operating profit (loss) | 9901 | €19,908 | €12,194 | -€7,713 | -38.7% |
| Financial income | 75/76B | €1,353 | €1,143 | -€210 | -15.5% |
| Recurring financial income | 75 | €1,353 | €1,143 | -€210 | -15.5% |
| Financial charges | 65/66B | €12,181 | €9,364 | -€2,816 | -23.1% |
| Recurring financial charges | 65 | €12,181 | €9,364 | -€2,816 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €9,080 | €3,973 | -€5,107 | -56.2% |
| Transfer from deferred taxes | 780 | €569 | €569 | = | 0.0% |
| Income taxes | 67/77 | €3,013 | €1,765 | -€1,248 | -41.4% |
| Profit (loss) for the period | 9904 | €6,636 | €2,777 | -€3,859 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,636 | €2,777 | -€3,859 | -58.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.