WAYS-RUART: 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.
WAYS-RUART
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+52.8%), from €2.9m to €4.4m
of which Land and buildings: +€1.5m
- Contributions +€1.8m
up €1.8m (+55.2%), from €3.3m to €5.1m
- Other debts -€181,000
down €181,000 (-95.9%), from €188,811 to €7,811
- Profit (loss) carried forward -€71,360
down €71,360 (-11.0%), from -€648,730 to -€720,090
- Trade debts -€57,294
down €57,294 (-65.5%), from €87,486 to €30,192
- Gross operating margin +€150,678
up €150,678, from -€16,713 to €133,965
- Depreciation +€32,788
up €32,788 (+26.7%), from €122,891 to €155,679
- Staff costs +€3,311
up €3,311 (+7.8%), from €42,475 to €45,787
- Other operating charges -€1,751
down €1,751 (-31.0%), from €5,656 to €3,905
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,947,748 | €4,446,216 | +€1.5m | +50.8% |
| Formation expenses | 20 | €886 | €5,758 | +€4,872 | +550% |
| Fixed assets | 21/28 | €2,862,365 | €4,373,757 | +€1.5m | +52.8% |
| Tangible fixed assets | 22/27 | €2,862,365 | €4,373,757 | +€1.5m | +52.8% |
| Land and buildings | 22 | €2,818,833 | €4,310,883 | +€1.5m | +52.9% |
| Plant, machinery and equipment | 23 | €20,460 | €18,817 | -€1,643 | -8.0% |
| Furniture and vehicles | 24 | €23,072 | €44,057 | +€20,985 | +91.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €84,498 | €66,702 | -€17,796 | -21.1% |
| Amounts receivable within one year | 40/41 | €47,349 | €54,513 | +€7,165 | +15.1% |
| Trade receivables | 40 | €47,301 | €54,493 | +€7,192 | +15.2% |
| Other amounts receivable | 41 | €48 | €21 | -€27 | -56.6% |
| Cash at bank and in hand | 54/58 | €34,267 | €10,135 | -€24,132 | -70.4% |
| Deferred charges and accrued income | 490/1 | €2,882 | €2,053 | -€828 | -28.7% |
| Total equity and liabilities | 10/49 | €2,947,748 | €4,446,216 | +€1.5m | +50.8% |
| Equity | 10/15 | €2,651,270 | €4,399,910 | +€1.7m | +66.0% |
| Contributions | 10/11 | €3,300,000 | €5,120,000 | +€1.8m | +55.2% |
| Capital | 10 | €3,300,000 | €5,120,000 | +€1.8m | +55.2% |
| Issued capital | 100 | €3,300,000 | €5,200,000 | +€1.9m | +57.6% |
| Uncalled capital | 101 | €0 | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | -€648,730 | -€720,090 | -€71,360 | -11.0% |
| Amounts payable | 17/49 | €296,479 | €46,306 | -€250,172 | -84.4% |
| Amounts payable within one year | 42/48 | €296,479 | €46,306 | -€250,172 | -84.4% |
| Trade debts | 44 | €87,486 | €30,192 | -€57,294 | -65.5% |
| Suppliers | 440/4 | €87,486 | €30,192 | -€57,294 | -65.5% |
| Taxes, remuneration and social security | 45 | €20,182 | €8,303 | -€11,879 | -58.9% |
| Taxes | 450/3 | €18,763 | €1,598 | -€17,165 | -91.5% |
| Remuneration and social security | 454/9 | €1,419 | €6,705 | +€5,286 | +373% |
| Other amounts payable | 47/48 | €188,811 | €7,811 | -€181,000 | -95.9% |
| Remuneration, social security and pensions | 62 | €42,475 | €45,787 | +€3,311 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,891 | €155,679 | +€32,788 | +26.7% |
| Other operating charges | 640/8 | €5,656 | €3,905 | -€1,751 | -31.0% |
| Gross operating margin | 9900 | -€16,713 | €133,965 | +€150,678 | |
| Operating profit (loss) | 9901 | -€187,736 | -€71,406 | +€116,330 | +62.0% |
| Financial income | 75/76B | €171 | €138 | -€33 | -19.1% |
| Recurring financial income | 75 | €171 | €138 | -€33 | -19.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €641 | €92 | -€549 | -85.6% |
| Recurring financial charges | 65 | €641 | €92 | -€549 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€188,206 | -€71,360 | +€116,846 | +62.1% |
| Profit (loss) for the period | 9904 | -€188,206 | -€71,360 | +€116,846 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,206 | -€71,360 | +€116,846 | +62.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.