waylay: 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.
waylay
Largest movements
- Intangible fixed assets -€3.2m
down €3.2m (-100.0%), from €3.2m to €0
- Receivables within one year +€2.4m
up €2.4m (+1730.2%), from €137,429 to €2.5m
of which Other amounts receivable: +€2.5m
- Cash -€346,093
down €346,093 (-66.2%), from €523,173 to €177,080
mainly Receivables within one year (-€2.4m) and Accrued charges and deferred income (-€1.2m)
- Accrued charges and deferred income -€1.2m
down €1.2m (-71.5%), from €1.6m to €467,987
- Contributions +€1.1m
up €1.1m (+104.3%), from €1.1m to €2.2m
of which Capital: +€944,307
- Debts after one year -€395,000
down €395,000 (-100.0%), from €395,000 to €0
- Profit (loss) carried forward -€329,153
down €329,153, from €209,823 to -€119,330
- Trade debts -€171,456
down €171,456 (-72.4%), from €236,672 to €65,216
- Gross operating margin -€499,753
down €499,753 (-22.8%), from €2.2m to €1.7m
- Staff costs -€190,608
down €190,608 (-14.1%), from €1.4m to €1.2m
- Depreciation +€155,467
up €155,467 (+24.8%), from €625,629 to €781,096
- Financial charges +€57,769
up €57,769 (+216.1%), from €26,728 to €84,497
- Financial income -€24,462
down €24,462 (-76.3%), from €32,074 to €7,612
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 | €3,934,570 | €2,721,427 | -€1.2m | -30.8% |
| Fixed assets | 21/28 | €3,253,109 | €1,212 | -€3.3m | -100.0% |
| Intangible fixed assets | 21 | €3,216,938 | €0 | -€3.2m | -100.0% |
| Tangible fixed assets | 22/27 | €2,661 | €1,212 | -€1,449 | -54.4% |
| Plant, machinery and equipment | 23 | €943 | €193 | -€750 | -79.5% |
| Furniture and vehicles | 24 | €1,718 | €1,019 | -€699 | -40.7% |
| Financial fixed assets | 28 | €33,510 | €0 | -€33,510 | -100.0% |
| Current assets | 29/58 | €681,461 | €2,720,215 | +€2.0m | +299.2% |
| Amounts receivable within one year | 40/41 | €137,429 | €2,515,243 | +€2.4m | +1730.2% |
| Trade receivables | 40 | €137,429 | €38,368 | -€99,061 | -72.1% |
| Other amounts receivable | 41 | €0 | €2,476,875 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €523,173 | €177,080 | -€346,093 | -66.2% |
| Deferred charges and accrued income | 490/1 | €20,860 | €27,892 | +€7,033 | +33.7% |
| Total equity and liabilities | 10/49 | €3,934,570 | €2,721,427 | -€1.2m | -30.8% |
| Equity | 10/15 | €1,285,689 | €2,067,055 | +€781,366 | +60.8% |
| Contributions | 10/11 | €1,064,794 | €2,175,312 | +€1.1m | +104.3% |
| Capital | 10 | €143,857 | €1,088,164 | +€944,307 | +656.4% |
| Issued capital | 100 | €143,857 | €1,088,164 | +€944,307 | +656.4% |
| Contributions outside capital | 11 | €920,937 | €1,087,148 | +€166,211 | +18.0% |
| Share premium | 1100/10 | €920,937 | €1,087,148 | +€166,211 | +18.0% |
| Reserves | 13 | €11,073 | €11,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,073 | €11,073 | = | 0.0% |
| Legal reserve | 130 | €11,073 | €11,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,823 | -€119,330 | -€329,153 | |
| Amounts payable | 17/49 | €2,648,881 | €654,372 | -€2.0m | -75.3% |
| Amounts payable after more than one year | 17 | €395,000 | €0 | -€395,000 | -100.0% |
| Financial debts | 170/4 | €395,000 | €0 | -€395,000 | -100.0% |
| Amounts payable within one year | 42/48 | €610,163 | €186,386 | -€423,778 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €101,083 | €0 | -€101,083 | -100.0% |
| Trade debts | 44 | €236,672 | €65,216 | -€171,456 | -72.4% |
| Suppliers | 440/4 | €236,672 | €65,216 | -€171,456 | -72.4% |
| Taxes, remuneration and social security | 45 | €272,408 | €121,170 | -€151,238 | -55.5% |
| Taxes | 450/3 | €72,824 | €3,592 | -€69,233 | -95.1% |
| Remuneration and social security | 454/9 | €199,584 | €117,578 | -€82,006 | -41.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,643,717 | €467,987 | -€1.2m | -71.5% |
| Non-recurring operating income | 76A | €23,350 | €1,058,914 | +€1.0m | +4434.9% |
| Remuneration, social security and pensions | 62 | €1,356,020 | €1,165,412 | -€190,608 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625,629 | €781,096 | +€155,467 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,981 | €2,202 | -€4,780 | -68.5% |
| Gross operating margin | 9900 | €2,195,291 | €1,695,538 | -€499,753 | -22.8% |
| Operating profit (loss) | 9901 | €206,661 | -€253,172 | -€459,833 | |
| Financial income | 75/76B | €32,074 | €7,612 | -€24,462 | -76.3% |
| Recurring financial income | 75 | €32,074 | €7,612 | -€24,462 | -76.3% |
| Financial charges | 65/66B | €26,728 | €84,497 | +€57,769 | +216.1% |
| Recurring financial charges | 65 | €26,728 | €84,497 | +€57,769 | +216.1% |
| Profit (loss) for the period before taxes | 9903 | €212,007 | -€330,058 | -€542,064 | |
| Income taxes | 67/77 | €2,184 | -€905 | -€3,089 | |
| Profit (loss) for the period | 9904 | €209,823 | -€329,153 | -€538,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €209,823 | -€329,153 | -€538,975 |
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 11 October 2026 via checked.be.