WUVAH: 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.
WUVAH
Largest movements
- Receivables within one year +€41,075
up €41,075 (+178%), from €23,104 to €64,180
of which Other amounts receivable: +€40,234
- Cash -€12,376
down €12,376 (-80.1%), from €15,443 to €3,067
mainly Receivables within one year (-€41,075) and Deferred charges and accrued income (-€4,000)
- Tangible fixed assets -€10,247
down €10,247 (-4.8%), from €211,668 to €201,421
- Reserves +€16,863
up €16,863 (+5.3%), from €318,733 to €335,597
of which Distributable reserves: +€16,863
- Tax, wage and social debts +€4,384
up €4,384 (+164%), from €2,679 to €7,063
- Depreciation -€22,103
down €22,103 (-68.3%), from €32,350 to €10,247
- Taxes +€4,384
up €4,384 (+313%), from €1,401 to €5,785
- Gross operating margin -€3,801
down €3,801 (-9.2%), from €41,269 to €37,468
- Other operating charges +€662
up €662 (+16.0%), from €4,146 to €4,808
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 | €384,439 | €406,891 | +€22,452 | +5.8% |
| Fixed assets | 21/28 | €211,668 | €201,421 | -€10,247 | -4.8% |
| Tangible fixed assets | 22/27 | €211,668 | €201,421 | -€10,247 | -4.8% |
| Land and buildings | 22 | €211,668 | €201,421 | -€10,247 | -4.8% |
| Current assets | 29/58 | €172,771 | €205,470 | +€32,699 | +18.9% |
| Amounts receivable within one year | 40/41 | €23,104 | €64,180 | +€41,075 | +178% |
| Trade receivables | 40 | €5,409 | €6,251 | +€842 | +15.6% |
| Other amounts receivable | 41 | €17,695 | €57,929 | +€40,234 | +227% |
| Current investments | 50/53 | €114,224 | €114,224 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,443 | €3,067 | -€12,376 | -80.1% |
| Deferred charges and accrued income | 490/1 | €20,000 | €24,000 | +€4,000 | +20.0% |
| Total equity and liabilities | 10/49 | €384,439 | €406,891 | +€22,452 | +5.8% |
| Equity | 10/15 | €376,350 | €393,213 | +€16,863 | +4.5% |
| Contributions | 10/11 | €44,163 | €44,163 | = | 0.0% |
| Revaluation surpluses | 12 | €13,454 | €13,454 | = | 0.0% |
| Reserves | 13 | €318,733 | €335,597 | +€16,863 | +5.3% |
| Tax-exempt reserves | 132 | €1,502 | €1,502 | = | 0.0% |
| Distributable reserves | 133 | €317,232 | €334,095 | +€16,863 | +5.3% |
| Amounts payable | 17/49 | €8,089 | €13,678 | +€5,588 | +69.1% |
| Amounts payable within one year | 42/48 | €8,089 | €13,678 | +€5,588 | +69.1% |
| Trade debts | 44 | €5,410 | €6,614 | +€1,204 | +22.3% |
| Suppliers | 440/4 | €5,410 | €6,614 | +€1,204 | +22.3% |
| Taxes, remuneration and social security | 45 | €2,679 | €7,063 | +€4,384 | +164% |
| Taxes | 450/3 | €2,679 | €7,063 | +€4,384 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,350 | €10,247 | -€22,103 | -68.3% |
| Other operating charges | 640/8 | €4,146 | €4,808 | +€662 | +16.0% |
| Gross operating margin | 9900 | €41,269 | €37,468 | -€3,801 | -9.2% |
| Operating profit (loss) | 9901 | €4,773 | €22,413 | +€17,640 | +370% |
| Financial income | 75/76B | - | €352 | +€352 | |
| Recurring financial income | 75 | - | €352 | +€352 | |
| Financial charges | 65/66B | €24 | €116 | +€92 | +384% |
| Recurring financial charges | 65 | €24 | €116 | +€92 | +384% |
| Profit (loss) for the period before taxes | 9903 | €4,749 | €22,648 | +€17,900 | +377% |
| Income taxes | 67/77 | €1,401 | €5,785 | +€4,384 | +313% |
| Profit (loss) for the period | 9904 | €3,348 | €16,863 | +€13,516 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €3,348 | €16,863 | +€13,516 | +404% |
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 17 October 2026 via checked.be.