WAW WE ALL WIN: 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 WE ALL WIN
Largest movements
- Receivables within one year +€3,242
up €3,242 (+11.6%), from €27,986 to €31,228
of which Trade receivables: +€1,977
- Tangible fixed assets -€553
down €553 (-49.8%), from €1,110 to €558
- Trade debts +€12,175
up €12,175 (+157%), from €7,741 to €19,917
- Other debts -€4,705
no longer reported in 2025 (was €4,705)
- Profit (loss) carried forward -€2,526
down €2,526 (-20.3%), from -€12,464 to -€14,991
- Tax, wage and social debts -€2,118
down €2,118 (-44.8%), from €4,731 to €2,613
- Gross operating margin -€23,411
down €23,411, from €21,955 to -€1,457
- Taxes -€1,747
no longer reported in 2025 (was €1,747)
- Other operating charges -€424
down €424 (-38.9%), from €1,091 to €667
- Financial charges -€395
down €395 (-58.8%), from €671 to €276
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 | €29,713 | €32,539 | +€2,826 | +9.5% |
| Fixed assets | 21/28 | €1,110 | €558 | -€553 | -49.8% |
| Tangible fixed assets | 22/27 | €1,110 | €558 | -€553 | -49.8% |
| Furniture and vehicles | 24 | €1,110 | €558 | -€553 | -49.8% |
| Current assets | 29/58 | €28,603 | €31,982 | +€3,379 | +11.8% |
| Amounts receivable within one year | 40/41 | €27,986 | €31,228 | +€3,242 | +11.6% |
| Trade receivables | 40 | €20,138 | €22,115 | +€1,977 | +9.8% |
| Other amounts receivable | 41 | €7,847 | €9,113 | +€1,265 | +16.1% |
| Cash at bank and in hand | 54/58 | €562 | €734 | +€172 | +30.5% |
| Deferred charges and accrued income | 490/1 | €55 | €20 | -€35 | -63.6% |
| Total equity and liabilities | 10/49 | €29,713 | €32,539 | +€2,826 | +9.5% |
| Equity | 10/15 | €12,536 | €10,009 | -€2,526 | -20.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,464 | -€14,991 | -€2,526 | -20.3% |
| Amounts payable | 17/49 | €17,177 | €22,530 | +€5,352 | +31.2% |
| Amounts payable within one year | 42/48 | €17,177 | €22,530 | +€5,352 | +31.2% |
| Trade debts | 44 | €7,741 | €19,917 | +€12,175 | +157% |
| Suppliers | 440/4 | €7,741 | €19,917 | +€12,175 | +157% |
| Taxes, remuneration and social security | 45 | €4,731 | €2,613 | -€2,118 | -44.8% |
| Taxes | 450/3 | €4,731 | €2,613 | -€2,118 | -44.8% |
| Other amounts payable | 47/48 | €4,705 | - | -€4,705 | |
| Non-recurring operating income | 76A | €605 | - | -€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €553 | +€35 | +6.8% |
| Other operating charges | 640/8 | €1,091 | €667 | -€424 | -38.9% |
| Non-recurring operating charges | 66A | €265 | - | -€265 | |
| Gross operating margin | 9900 | €21,955 | -€1,457 | -€23,411 | |
| Operating profit (loss) | 9901 | €20,081 | -€2,676 | -€22,757 | |
| Financial income | 75/76B | €504 | €425 | -€79 | -15.6% |
| Recurring financial income | 75 | €504 | €425 | -€79 | -15.6% |
| Financial charges | 65/66B | €671 | €276 | -€395 | -58.8% |
| Recurring financial charges | 65 | €671 | €276 | -€395 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €19,914 | -€2,526 | -€22,441 | |
| Income taxes | 67/77 | €1,747 | - | -€1,747 | |
| Profit (loss) for the period | 9904 | €18,167 | -€2,526 | -€20,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,167 | -€2,526 | -€20,694 |
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 17 October 2026 via checked.be.