WireWave: 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.
WireWave
Largest movements
- Receivables within one year +€3.2m
up €3.2m (+52.7%), from €6.0m to €9.1m
of which Trade receivables: +€3.2m
- Cash +€2.1m
up €2.1m (+153%), from €1.4m to €3.5m
mainly Trade debts (+€3.8m) and Net result for the year (+€2.5m)
- Stocks and contracts +€483,202
up €483,202 (+84.1%), from €574,604 to €1.1m
- Trade debts +€3.8m
up €3.8m (+91.7%), from €4.1m to €7.9m
- Reserves +€1.8m
up €1.8m (+69.0%), from €2.6m to €4.4m
of which Distributable reserves: +€959,385
- Other debts +€397,922
up €397,922 (+131%), from €303,970 to €701,892
- Debts after one year -€280,196
down €280,196 (-67.8%), from €413,066 to €132,870
- Gross operating margin +€1.3m
up €1.3m (+53.4%), from €2.5m to €3.9m
- Staff costs +€332,945
up €332,945 (+137%), from €243,159 to €576,104
- Financial charges +€115,579
up €115,579 (+395%), from €29,297 to €144,876
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 | €8,405,866 | €14,272,907 | +€5.9m | +69.8% |
| Fixed assets | 21/28 | €455,229 | €432,988 | -€22,241 | -4.9% |
| Tangible fixed assets | 22/27 | €455,229 | €432,988 | -€22,241 | -4.9% |
| Plant, machinery and equipment | 23 | €440,880 | €419,057 | -€21,823 | -4.9% |
| Furniture and vehicles | 24 | €14,349 | €13,931 | -€418 | -2.9% |
| Current assets | 29/58 | €7,950,637 | €13,839,919 | +€5.9m | +74.1% |
| Stocks and contracts in progress | 3 | €574,604 | €1,057,806 | +€483,202 | +84.1% |
| Stocks | 30/36 | €574,604 | €1,057,806 | +€483,202 | +84.1% |
| Amounts receivable within one year | 40/41 | €5,977,581 | €9,129,462 | +€3.2m | +52.7% |
| Trade receivables | 40 | €5,975,254 | €9,129,450 | +€3.2m | +52.8% |
| Other amounts receivable | 41 | €2,327 | €12 | -€2,315 | -99.5% |
| Cash at bank and in hand | 54/58 | €1,398,452 | €3,532,651 | +€2.1m | +153% |
| Deferred charges and accrued income | 490/1 | - | €120,000 | +€120,000 | |
| Total equity and liabilities | 10/49 | €8,405,866 | €14,272,907 | +€5.9m | +69.8% |
| Equity | 10/15 | €2,658,949 | €4,460,334 | +€1.8m | +67.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,608,949 | €4,410,334 | +€1.8m | +69.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €1,157,750 | +€842,000 | +267% |
| Distributable reserves | 133 | €2,288,199 | €3,247,584 | +€959,385 | +41.9% |
| Amounts payable | 17/49 | €5,746,917 | €9,812,573 | +€4.1m | +70.7% |
| Amounts payable after more than one year | 17 | €413,066 | €132,870 | -€280,196 | -67.8% |
| Financial debts | 170/4 | €413,066 | €132,870 | -€280,196 | -67.8% |
| Amounts payable within one year | 42/48 | €5,333,851 | €9,679,703 | +€4.3m | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €38,111 | €79,807 | +€41,696 | +109% |
| Trade debts | 44 | €4,110,215 | €7,880,013 | +€3.8m | +91.7% |
| Suppliers | 440/4 | €4,110,215 | €7,880,013 | +€3.8m | +91.7% |
| Taxes, remuneration and social security | 45 | €881,555 | €1,017,991 | +€136,436 | +15.5% |
| Taxes | 450/3 | €853,237 | €960,447 | +€107,210 | +12.6% |
| Remuneration and social security | 454/9 | €28,318 | €57,544 | +€29,226 | +103% |
| Other amounts payable | 47/48 | €303,970 | €701,892 | +€397,922 | +131% |
| Remuneration, social security and pensions | 62 | €243,159 | €576,104 | +€332,945 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,102 | €37,609 | +€2,507 | +7.1% |
| Other operating charges | 640/8 | €6,529 | €8,379 | +€1,850 | +28.3% |
| Gross operating margin | 9900 | €2,512,640 | €3,855,327 | +€1.3m | +53.4% |
| Operating profit (loss) | 9901 | €2,227,850 | €3,233,235 | +€1.0m | +45.1% |
| Financial income | 75/76B | €11,375 | €17,960 | +€6,585 | +57.9% |
| Recurring financial income | 75 | €11,375 | €17,960 | +€6,585 | +57.9% |
| Financial charges | 65/66B | €29,297 | €144,876 | +€115,579 | +395% |
| Recurring financial charges | 65 | €29,297 | €144,876 | +€115,579 | +395% |
| Profit (loss) for the period before taxes | 9903 | €2,209,928 | €3,106,319 | +€896,391 | +40.6% |
| Income taxes | 67/77 | €582,299 | €590,649 | +€8,350 | +1.4% |
| Profit (loss) for the period | 9904 | €1,627,629 | €2,515,670 | +€888,041 | +54.6% |
| Transfer to tax-exempt reserves | 689 | - | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,627,629 | €1,673,670 | +€46,041 | +2.8% |
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 14 October 2026 via checked.be.