WHAOUW: 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.
WHAOUW
Largest movements
- Receivables within one year +€42,353
up €42,353 (+25.0%), from €169,203 to €211,556
of which Other amounts receivable: +€31,100
- Profit (loss) carried forward +€44,452
up €44,452 (+36.6%), from €121,446 to €165,898
- Tax, wage and social debts -€9,735
down €9,735 (-27.4%), from €35,589 to €25,854
- Other debts +€4,757
new in 2025: €4,757
- Turnover -€155,475
no longer reported in 2025 (was €155,475)
- Gross operating margin +€27,537
up €27,537 (+158%), from €17,466 to €45,002
- Taxes -€10,289
down €10,289 (-73.5%), from €14,000 to €3,711
- Financial income +€3,183
up €3,183 (+48.5%), from €6,562 to €9,745
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 | €179,483 | €221,626 | +€42,144 | +23.5% |
| Fixed assets | 21/28 | €9,570 | €10,071 | +€500 | +5.2% |
| Tangible fixed assets | 22/27 | €3,903 | €4,404 | +€500 | +12.8% |
| Furniture and vehicles | 24 | €3,274 | €4,138 | +€864 | +26.4% |
| Other tangible fixed assets | 26 | €629 | €265 | -€364 | -57.8% |
| Financial fixed assets | 28 | €5,667 | €5,667 | = | 0.0% |
| Current assets | 29/58 | €169,912 | €211,556 | +€41,644 | +24.5% |
| Amounts receivable within one year | 40/41 | €169,203 | €211,556 | +€42,353 | +25.0% |
| Trade receivables | 40 | €4,840 | €16,093 | +€11,253 | +233% |
| Other amounts receivable | 41 | €164,363 | €195,463 | +€31,100 | +18.9% |
| Cash at bank and in hand | 54/58 | €709 | - | -€709 | |
| Total equity and liabilities | 10/49 | €179,483 | €221,626 | +€42,144 | +23.5% |
| Equity | 10/15 | €136,306 | €180,758 | +€44,452 | +32.6% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,446 | €165,898 | +€44,452 | +36.6% |
| Amounts payable | 17/49 | €43,177 | €40,869 | -€2,308 | -5.3% |
| Amounts payable within one year | 42/48 | €43,177 | €40,869 | -€2,308 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €6,805 | €8,440 | +€1,635 | +24.0% |
| Trade debts | 44 | €783 | €1,818 | +€1,035 | +132% |
| Suppliers | 440/4 | €783 | €1,818 | +€1,035 | +132% |
| Taxes, remuneration and social security | 45 | €35,589 | €25,854 | -€9,735 | -27.4% |
| Taxes | 450/3 | €35,589 | €25,854 | -€9,735 | -27.4% |
| Other amounts payable | 47/48 | - | €4,757 | +€4,757 | |
| Turnover | 70 | €155,475 | - | -€155,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,969 | €2,800 | -€169 | -5.7% |
| Other operating charges | 640/8 | €2,350 | €1,555 | -€794 | -33.8% |
| Non-recurring operating charges | 66A | €663 | €825 | +€162 | +24.4% |
| Gross operating margin | 9900 | €17,466 | €45,002 | +€27,537 | +158% |
| Operating profit (loss) | 9901 | €11,484 | €39,822 | +€28,338 | +247% |
| Financial income | 75/76B | €6,562 | €9,745 | +€3,183 | +48.5% |
| Recurring financial income | 75 | €6,562 | €9,745 | +€3,183 | +48.5% |
| Financial charges | 65/66B | €1,430 | €1,404 | -€26 | -1.8% |
| Recurring financial charges | 65 | €1,430 | €1,404 | -€26 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €16,616 | €48,163 | +€31,546 | +190% |
| Income taxes | 67/77 | €14,000 | €3,711 | -€10,289 | -73.5% |
| Profit (loss) for the period | 9904 | €2,616 | €44,452 | +€41,835 | +1,599% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €44,452 | +€41,835 | +1,599% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.