André Wagenbouw Balen: what changed
What changed
André Wagenbouw Balen
NACE 29.100, Manufacture of motor vehicles
filed annual accounts (NBB)
Net result for the year
€27,464
2024 · €20,293+€7,171
Equity
€143,471
2024 · €116,008+€27,464
Cash
€601,119
2024 · €146,522+€454,597
Balance sheet total
€2.0m
2024 · €1.6m+€358,619
Largest movements
Assets
- Cash +€454,597
up €454,597 (+310%), from €146,522 to €601,119
mainly Trade debts (+€395,426) and Receivables within one year (+€146,374)
- Receivables within one year -€146,374
down €146,374 (-19.0%), from €768,605 to €622,231
of which Trade receivables: -€146,216
- Stocks and contracts +€39,132
up €39,132 (+6.0%), from €653,902 to €693,034
of which Stocks: +€39,132
Equity and liabilities
- Trade debts +€395,426
up €395,426 (+293%), from €134,909 to €530,335
- Other debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Tax, wage and social debts -€41,499
down €41,499 (-40.1%), from €103,431 to €61,932
of which Taxes: -€37,755
- Reserves +€27,464
up €27,464 (+25.9%), from €106,008 to €133,471
Income statement
- Write-downs +€42,014
new in 2025: €42,014
- Gross operating margin +€41,837
up €41,837 (+16.7%), from €250,958 to €292,795
- Depreciation -€4,519
down €4,519 (-26.5%), from €17,059 to €12,539
- Other operating charges -€4,049
down €4,049 (-28.4%), from €14,252 to €10,203
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,293
Gross operating margin
+€41,837
Staff costs
+€2,563
Depreciation
+€4,519
Write-downs
-€42,014
Other operating charges
+€4,049
Financial income
-€1,382
Financial charges
+€235
Taxes
-€2,637
Result 2025
€27,464
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€463,024
Investment
-€24,000
Financing
+€15,573
Cash 2024
€146,522
From operations (derived)
+€463,024
Net result for the year
+€27,464
Depreciation
+€12,539
Stocks and contracts
-€39,132
Receivables within one year
+€146,374
Deferred charges and accrued income
+€196
Trade debts
+€395,426
Tax, wage and social debts
-€41,499
Other debts
-€45,000
Accrued charges and deferred income
+€6,656
Investment (derived)
-€24,000
Investment in fixed assets (net)
-€24,000
Financing
+€15,573
Debts after one year
+€15,573
Cash 2025
€601,119
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,615,563 | €1,974,182 | +€358,619 | +22.2% |
| Fixed assets | 21/28 | €40,220 | €51,681 | +€11,461 | +28.5% |
| Tangible fixed assets | 22/27 | €38,840 | €50,301 | +€11,461 | +29.5% |
| Plant, machinery and equipment | 23 | €33,968 | €36,024 | +€2,056 | +6.1% |
| Furniture and vehicles | 24 | €4,872 | €14,277 | +€9,405 | +193% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €1,575,343 | €1,922,501 | +€347,158 | +22.0% |
| Stocks and contracts in progress | 3 | €653,902 | €693,034 | +€39,132 | +6.0% |
| Stocks | 30/36 | €646,882 | €686,014 | +€39,132 | +6.0% |
| Contracts in progress | 37 | €7,020 | €7,020 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €768,605 | €622,231 | -€146,374 | -19.0% |
| Trade receivables | 40 | €768,447 | €622,231 | -€146,216 | -19.0% |
| Other amounts receivable | 41 | €158 | €0 | -€158 | -100% |
| Cash at bank and in hand | 54/58 | €146,522 | €601,119 | +€454,597 | +310% |
| Deferred charges and accrued income | 490/1 | €6,313 | €6,117 | -€196 | -3.1% |
| Total equity and liabilities | 10/49 | €1,615,563 | €1,974,182 | +€358,619 | +22.2% |
| Equity | 10/15 | €116,008 | €143,471 | +€27,464 | +23.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €106,008 | €133,471 | +€27,464 | +25.9% |
| Distributable reserves | 133 | €106,008 | €133,471 | +€27,464 | +25.9% |
| Amounts payable | 17/49 | €1,499,555 | €1,830,711 | +€331,156 | +22.1% |
| Amounts payable after more than one year | 17 | €1,206,390 | €1,221,963 | +€15,573 | +1.3% |
| Financial debts | 170/4 | €959,375 | €1,121,963 | +€162,588 | +16.9% |
| Other amounts payable | 178/9 | €247,015 | €100,000 | -€147,015 | -59.5% |
| Amounts payable within one year | 42/48 | €283,340 | €592,267 | +€308,927 | +109% |
| Trade debts | 44 | €134,909 | €530,335 | +€395,426 | +293% |
| Suppliers | 440/4 | €134,909 | €530,335 | +€395,426 | +293% |
| Taxes, remuneration and social security | 45 | €103,431 | €61,932 | -€41,499 | -40.1% |
| Taxes | 450/3 | €66,865 | €29,110 | -€37,755 | -56.5% |
| Remuneration and social security | 454/9 | €36,566 | €32,822 | -€3,745 | -10.2% |
| Other amounts payable | 47/48 | €45,000 | €0 | -€45,000 | -100% |
| Accrued charges and deferred income | 492/3 | €9,825 | €16,481 | +€6,656 | +67.7% |
| Non-recurring operating income | 76A | - | €75,000 | +€75,000 | |
| Remuneration, social security and pensions | 62 | €177,430 | €174,866 | -€2,563 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,059 | €12,539 | -€4,519 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €42,014 | +€42,014 | |
| Other operating charges | 640/8 | €14,252 | €10,203 | -€4,049 | -28.4% |
| Gross operating margin | 9900 | €250,958 | €292,795 | +€41,837 | +16.7% |
| Operating profit (loss) | 9901 | €42,217 | €53,172 | +€10,954 | +25.9% |
| Financial income | 75/76B | €1,456 | €74 | -€1,382 | -94.9% |
| Recurring financial income | 75 | €1,456 | €74 | -€1,382 | -94.9% |
| Financial charges | 65/66B | €15,791 | €15,556 | -€235 | -1.5% |
| Recurring financial charges | 65 | €15,791 | €15,556 | -€235 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €27,882 | €37,690 | +€9,807 | +35.2% |
| Income taxes | 67/77 | €7,589 | €10,226 | +€2,637 | +34.7% |
| Profit (loss) for the period | 9904 | €20,293 | €27,464 | +€7,171 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,293 | €27,464 | +€7,171 | +35.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.