WAYAHEAD: 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.
WAYAHEAD
Largest movements
- Receivables within one year +€13,052
up €13,052 (+85.0%), from €15,363 to €28,415
of which Other amounts receivable: +€10,027
- Cash -€6,127
down €6,127 (-30.3%), from €20,245 to €14,118
mainly Receivables within one year (-€13,052) and Current investments (-€4,898)
- Current investments +€4,898
new in 2025: €4,898
- Tangible fixed assets -€4,446
down €4,446 (-48.8%), from €9,104 to €4,658
of which Plant, machinery and equipment: -€2,577
- Intangible fixed assets -€2,539
down €2,539 (-37.0%), from €6,866 to €4,327
- Reserves +€7,338
up €7,338 (+18.7%), from €39,178 to €46,516
- Trade debts -€4,186
down €4,186 (-98.7%), from €4,243 to €57
- Tax, wage and social debts +€1,403
up €1,403 (+127%), from €1,105 to €2,508
- Accrued charges and deferred income +€1,147
up €1,147 (+119%), from €963 to €2,110
- Gross operating margin +€7,974
up €7,974 (+69.2%), from €11,530 to €19,504
- Taxes +€4,172
up €4,172, from -€811 to €3,361
- Financial charges -€990
down €990 (-32.2%), from €3,073 to €2,082
- Financial income +€711
up €711 (+424%), from €168 to €879
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 | €51,690 | €57,391 | +€5,701 | +11.0% |
| Fixed assets | 21/28 | €15,970 | €8,985 | -€6,985 | -43.7% |
| Intangible fixed assets | 21 | €6,866 | €4,327 | -€2,539 | -37.0% |
| Tangible fixed assets | 22/27 | €9,104 | €4,658 | -€4,446 | -48.8% |
| Plant, machinery and equipment | 23 | €6,623 | €4,046 | -€2,577 | -38.9% |
| Furniture and vehicles | 24 | €2,411 | €612 | -€1,799 | -74.6% |
| Other tangible fixed assets | 26 | €70 | €0 | -€70 | -100% |
| Current assets | 29/58 | €35,720 | €48,406 | +€12,686 | +35.5% |
| Amounts receivable within one year | 40/41 | €15,363 | €28,415 | +€13,052 | +85.0% |
| Trade receivables | 40 | €6,700 | €9,724 | +€3,024 | +45.1% |
| Other amounts receivable | 41 | €8,663 | €18,691 | +€10,027 | +116% |
| Current investments | 50/53 | - | €4,898 | +€4,898 | |
| Cash at bank and in hand | 54/58 | €20,245 | €14,118 | -€6,127 | -30.3% |
| Deferred charges and accrued income | 490/1 | €112 | €975 | +€864 | +774% |
| Total equity and liabilities | 10/49 | €51,690 | €57,391 | +€5,701 | +11.0% |
| Equity | 10/15 | €45,378 | €52,716 | +€7,338 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,178 | €46,516 | +€7,338 | +18.7% |
| Distributable reserves | 133 | €39,178 | €46,516 | +€7,338 | +18.7% |
| Amounts payable | 17/49 | €6,312 | €4,675 | -€1,637 | -25.9% |
| Amounts payable within one year | 42/48 | €5,348 | €2,564 | -€2,784 | -52.1% |
| Trade debts | 44 | €4,243 | €57 | -€4,186 | -98.7% |
| Suppliers | 440/4 | €4,243 | €57 | -€4,186 | -98.7% |
| Taxes, remuneration and social security | 45 | €1,105 | €2,508 | +€1,403 | +127% |
| Taxes | 450/3 | €1,105 | €2,508 | +€1,403 | +127% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €963 | €2,110 | +€1,147 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,976 | €6,985 | +€10 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85 | -€85 | -€170 | |
| Other operating charges | 640/8 | €622 | €701 | +€80 | +12.8% |
| Gross operating margin | 9900 | €11,530 | €19,504 | +€7,974 | +69.2% |
| Operating profit (loss) | 9901 | €3,848 | €11,903 | +€8,055 | +209% |
| Financial income | 75/76B | €168 | €879 | +€711 | +424% |
| Recurring financial income | 75 | €168 | €879 | +€711 | +424% |
| Financial charges | 65/66B | €3,073 | €2,082 | -€990 | -32.2% |
| Recurring financial charges | 65 | €3,073 | €2,082 | -€990 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €943 | €10,699 | +€9,756 | +1,035% |
| Income taxes | 67/77 | -€811 | €3,361 | +€4,172 | |
| Profit (loss) for the period | 9904 | €1,754 | €7,338 | +€5,584 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €1,754 | €7,338 | +€5,584 | +318% |
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 18 October 2026 via checked.be.