VWAV US Equity☆

Every bar is a figure as filed. The blue bars are the reported subtotals (Operating income → Pretax income → Net income), drawn from zero at exactly the number in the filing — never a sum computed here. The coloured steps between them are the filed component lines, applied as decreases (the taxonomy stores expenses as positive magnitudes) or, for “Other non-operating”, exactly as signed in the filing.

Residuals. Whatever part of a reported subtotal-to-subtotal gap the served lines do not name is drawn as its own hatched step and labelled a residual. Stretching a neighbouring step to make the arithmetic close — what a conventional waterfall does — would put a number on screen that nobody filed.

Skipped rungs. This filer does not tag revenue, gross profit for this period (banks, insurers and REITs routinely skip gross profit and operating income), so the bridge jumps straight between the subtotals that exist and the unnamed part of that jump is the residual above.

Nested lines left out: interest expense. This filer tags that line AND a broader line that already contains it — Apple, for instance, files a marketing figure that sits inside its own SG&A, and many filers report an interest-expense line that is also inside their net “other non-operating”. Applying both would double-count and break the reported subtotal, so the bridge keeps the decomposition that reconciles and names the dropped line here. Every figure is still shown, unchanged, in the statements grid below.

Reconciliation.