WVE HOLDING: 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.
WVE HOLDING
Largest movements
- Deferred charges and accrued income +€529,222
up €529,222 (+203%), from €260,600 to €789,822
- Cash +€50,296
up €50,296 (+88.2%), from €57,007 to €107,303
mainly Net result for the year (+€780,275)
- Reserves +€780,275
up €780,275 (+155%), from €503,614 to €1.3m
- Debts after one year -€199,296
down €199,296 (-13.3%), from €1.5m to €1.3m
- Financial income +€532,661
up €532,661 (+205%), from €260,096 to €792,757
- Turnover -€72,000
no longer reported in 2025 (was €72,000)
- Purchases and services -€43,559
no longer reported in 2025 (was €43,559)
- Financial charges -€7,094
down €7,094 (-14.0%), from €50,539 to €43,446
- Gross operating margin +€1,410
up €1,410 (+4.6%), from €30,976 to €32,386
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 | €2,279,965 | €2,859,524 | +€579,559 | +25.4% |
| Fixed assets | 21/28 | €1,955,069 | €1,955,069 | = | 0.0% |
| Financial fixed assets | 28 | €1,955,069 | €1,955,069 | = | 0.0% |
| Current assets | 29/58 | €324,895 | €904,454 | +€579,559 | +178% |
| Amounts receivable within one year | 40/41 | €7,289 | €7,330 | +€41 | +0.6% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Other amounts receivable | 41 | €29 | €70 | +€41 | +143% |
| Cash at bank and in hand | 54/58 | €57,007 | €107,303 | +€50,296 | +88.2% |
| Deferred charges and accrued income | 490/1 | €260,600 | €789,822 | +€529,222 | +203% |
| Total equity and liabilities | 10/49 | €2,279,965 | €2,859,524 | +€579,559 | +25.4% |
| Equity | 10/15 | €578,614 | €1,358,889 | +€780,275 | +135% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €503,614 | €1,283,889 | +€780,275 | +155% |
| Distributable reserves | 133 | €503,614 | €1,283,889 | +€780,275 | +155% |
| Amounts payable | 17/49 | €1,701,351 | €1,500,635 | -€200,716 | -11.8% |
| Amounts payable after more than one year | 17 | €1,496,478 | €1,297,183 | -€199,296 | -13.3% |
| Financial debts | 170/4 | €1,496,478 | €1,297,183 | -€199,296 | -13.3% |
| Amounts payable within one year | 42/48 | €204,873 | €203,452 | -€1,421 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €199,296 | €199,296 | = | 0.0% |
| Trade debts | 44 | €1,972 | €514 | -€1,459 | -74.0% |
| Suppliers | 440/4 | €1,972 | €514 | -€1,459 | -74.0% |
| Taxes, remuneration and social security | 45 | €3,605 | €3,643 | +€38 | +1.1% |
| Taxes | 450/3 | €3,605 | €3,643 | +€38 | +1.1% |
| Turnover | 70 | €72,000 | - | -€72,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €43,559 | - | -€43,559 | |
| Other operating charges | 640/8 | €182 | €1,422 | +€1,240 | +682% |
| Gross operating margin | 9900 | €30,976 | €32,386 | +€1,410 | +4.6% |
| Operating profit (loss) | 9901 | €30,794 | €30,964 | +€170 | +0.6% |
| Financial income | 75/76B | €260,096 | €792,757 | +€532,661 | +205% |
| Recurring financial income | 75 | €260,096 | €792,757 | +€532,661 | +205% |
| Financial charges | 65/66B | €50,539 | €43,446 | -€7,094 | -14.0% |
| Recurring financial charges | 65 | €50,539 | €43,446 | -€7,094 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €240,351 | €780,275 | +€539,925 | +225% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €240,351 | €780,275 | +€539,925 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €240,351 | €780,275 | +€539,925 | +225% |
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 25 October 2026 via checked.be.