WAY CUP: 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.
WAY CUP
Largest movements
- Tangible fixed assets +€62,408
up €62,408 (+1205.3%), from €5,178 to €67,586
of which Furniture and vehicles: +€63,943
- Receivables within one year +€31,192
up €31,192 (+10.2%), from €304,996 to €336,188
of which Other amounts receivable: +€34,086
- Cash +€4,522
up €4,522 (+52.3%), from €8,647 to €13,170
mainly Net result for the year (+€69,460) and Current portion of long-term debt (+€36,049)
- Deferred charges and accrued income +€4,500
new in 2025: €4,500
- Profit (loss) carried forward +€69,460
up €69,460 (+32.7%), from €212,659 to €282,119
- Trade debts -€37,875
down €37,875 (-80.3%), from €47,158 to €9,283
- Current portion of long-term debt +€36,049
up €36,049 (+571.6%), from €6,307 to €42,356
- Debts after one year +€27,552
up €27,552 (+317.5%), from €8,677 to €36,228
- Tax, wage and social debts +€16,667
up €16,667 (+67.8%), from €24,593 to €41,261
of which Taxes: +€16,136
- Gross operating margin +€50,807
up €50,807 (+128.5%), from €39,545 to €90,352
- Taxes +€8,353
up €8,353 (+69.3%), from €12,056 to €20,409
- Depreciation +€5,847
up €5,847 (+153.7%), from €3,804 to €9,651
- Financial income +€1,303
up €1,303 (+9.0%), from €14,560 to €15,863
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 | €329,385 | €431,707 | +€102,323 | +31.1% |
| Formation expenses | 20 | €564 | €264 | -€300 | -53.2% |
| Fixed assets | 21/28 | €15,178 | €77,586 | +€62,408 | +411.2% |
| Tangible fixed assets | 22/27 | €5,178 | €67,586 | +€62,408 | +1205.3% |
| Plant, machinery and equipment | 23 | €1,535 | €0 | -€1,535 | -100.0% |
| Furniture and vehicles | 24 | €3,643 | €67,586 | +€63,943 | +1755.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €313,643 | €353,858 | +€40,215 | +12.8% |
| Amounts receivable within one year | 40/41 | €304,996 | €336,188 | +€31,192 | +10.2% |
| Trade receivables | 40 | €28,867 | €25,973 | -€2,894 | -10.0% |
| Other amounts receivable | 41 | €276,129 | €310,215 | +€34,086 | +12.3% |
| Cash at bank and in hand | 54/58 | €8,647 | €13,170 | +€4,522 | +52.3% |
| Deferred charges and accrued income | 490/1 | - | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €329,385 | €431,707 | +€102,323 | +31.1% |
| Equity | 10/15 | €233,119 | €302,579 | +€69,460 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,659 | €282,119 | +€69,460 | +32.7% |
| Amounts payable | 17/49 | €96,266 | €129,129 | +€32,863 | +34.1% |
| Amounts payable after more than one year | 17 | €8,677 | €36,228 | +€27,552 | +317.5% |
| Financial debts | 170/4 | €8,677 | €36,228 | +€27,552 | +317.5% |
| Amounts payable within one year | 42/48 | €87,589 | €92,900 | +€5,311 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €6,307 | €42,356 | +€36,049 | +571.6% |
| Financial debts | 43 | €9,531 | - | -€9,531 | |
| Credit institutions | 430/8 | €9,531 | - | -€9,531 | |
| Trade debts | 44 | €47,158 | €9,283 | -€37,875 | -80.3% |
| Suppliers | 440/4 | €47,158 | €9,283 | -€37,875 | -80.3% |
| Taxes, remuneration and social security | 45 | €24,593 | €41,261 | +€16,667 | +67.8% |
| Taxes | 450/3 | €24,593 | €40,729 | +€16,136 | +65.6% |
| Remuneration and social security | 454/9 | - | €531 | +€531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €9,651 | +€5,847 | +153.7% |
| Other operating charges | 640/8 | €253 | €638 | +€385 | +152.1% |
| Non-recurring operating charges | 66A | €515 | €1,969 | +€1,454 | +282.4% |
| Gross operating margin | 9900 | €39,545 | €90,352 | +€50,807 | +128.5% |
| Operating profit (loss) | 9901 | €34,973 | €78,094 | +€43,121 | +123.3% |
| Financial income | 75/76B | €14,560 | €15,863 | +€1,303 | +9.0% |
| Recurring financial income | 75 | €14,560 | €15,863 | +€1,303 | +9.0% |
| Financial charges | 65/66B | €4,060 | €4,088 | +€28 | +0.7% |
| Recurring financial charges | 65 | €4,060 | €4,088 | +€28 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €45,473 | €89,869 | +€44,396 | +97.6% |
| Income taxes | 67/77 | €12,056 | €20,409 | +€8,353 | +69.3% |
| Profit (loss) for the period | 9904 | €33,417 | €69,460 | +€36,043 | +107.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,417 | €69,460 | +€36,043 | +107.9% |
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 9 October 2026 via checked.be.