't Wagonnetje: what changed
't Wagonnetje
Largest movements
- Intangible fixed assets -€8,000
down €8,000 (-11.1%), from €72,000 to €64,000
- Cash +€4,542
up €4,542 (+26.5%), from €17,122 to €21,665
mainly Net result for the year (+€11,370) and Depreciation (+€8,419)
- Receivables within one year -€2,720
down €2,720 (-97.5%), from €2,790 to €70
- Tangible fixed assets +€2,224
up €2,224 (+168%), from €1,324 to €3,548
- Stocks and contracts +€1,750
up €1,750 (+38.9%), from €4,500 to €6,250
- Debts after one year -€20,474
down €20,474 (-44.9%), from €45,638 to €25,164
- Reserves +€11,370
up €11,370 (+80.8%), from €14,065 to €25,436
- Tax, wage and social debts +€5,827
up €5,827 (+103%), from €5,676 to €11,502
- Trade debts +€3,051
up €3,051 (+41.2%), from €7,405 to €10,457
- Current portion of long-term debt -€2,416
down €2,416 (-10.6%), from €22,890 to €20,474
- Staff costs +€3,840
new in 2025: €3,840
- Gross operating margin +€3,294
up €3,294 (+11.2%), from €29,424 to €32,718
- Taxes +€1,508
up €1,508 (+41.2%), from €3,656 to €5,164
- Other operating charges +€1,021
new in 2025: €1,021
- Financial charges -€759
down €759 (-20.7%), from €3,674 to €2,915
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,175 | €95,533 | -€2,642 | -2.7% |
| Fixed assets | 21/28 | €73,324 | €67,548 | -€5,776 | -7.9% |
| Intangible fixed assets | 21 | €72,000 | €64,000 | -€8,000 | -11.1% |
| Tangible fixed assets | 22/27 | €1,324 | €3,548 | +€2,224 | +168% |
| Plant, machinery and equipment | 23 | €1,324 | €3,548 | +€2,224 | +168% |
| Current assets | 29/58 | €24,851 | €27,984 | +€3,134 | +12.6% |
| Stocks and contracts in progress | 3 | €4,500 | €6,250 | +€1,750 | +38.9% |
| Stocks | 30/36 | €4,500 | €6,250 | +€1,750 | +38.9% |
| Amounts receivable within one year | 40/41 | €2,790 | €70 | -€2,720 | -97.5% |
| Other amounts receivable | 41 | €2,790 | €70 | -€2,720 | -97.5% |
| Cash at bank and in hand | 54/58 | €17,122 | €21,665 | +€4,542 | +26.5% |
| Deferred charges and accrued income | 490/1 | €439 | - | -€439 | |
| Total equity and liabilities | 10/49 | €98,175 | €95,533 | -€2,642 | -2.7% |
| Equity | 10/15 | €16,565 | €27,936 | +€11,370 | +68.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €14,065 | €25,436 | +€11,370 | +80.8% |
| Distributable reserves | 133 | €14,065 | €25,436 | +€11,370 | +80.8% |
| Amounts payable | 17/49 | €81,610 | €67,597 | -€14,012 | -17.2% |
| Amounts payable after more than one year | 17 | €45,638 | €25,164 | -€20,474 | -44.9% |
| Financial debts | 170/4 | €45,638 | €25,164 | -€20,474 | -44.9% |
| Amounts payable within one year | 42/48 | €35,971 | €42,433 | +€6,462 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €22,890 | €20,474 | -€2,416 | -10.6% |
| Trade debts | 44 | €7,405 | €10,457 | +€3,051 | +41.2% |
| Suppliers | 440/4 | €7,405 | €10,457 | +€3,051 | +41.2% |
| Taxes, remuneration and social security | 45 | €5,676 | €11,502 | +€5,827 | +103% |
| Taxes | 450/3 | €5,676 | €11,502 | +€5,827 | +103% |
| Remuneration, social security and pensions | 62 | - | €3,840 | +€3,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,125 | €8,419 | +€294 | +3.6% |
| Other operating charges | 640/8 | - | €1,021 | +€1,021 | |
| Gross operating margin | 9900 | €29,424 | €32,718 | +€3,294 | +11.2% |
| Operating profit (loss) | 9901 | €21,299 | €19,439 | -€1,860 | -8.7% |
| Financial income | 75/76B | €97 | €10 | -€86 | -89.3% |
| Recurring financial income | 75 | €97 | €10 | -€86 | -89.3% |
| Financial charges | 65/66B | €3,674 | €2,915 | -€759 | -20.7% |
| Recurring financial charges | 65 | €3,674 | €2,915 | -€759 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €17,722 | €16,534 | -€1,187 | -6.7% |
| Income taxes | 67/77 | €3,656 | €5,164 | +€1,508 | +41.2% |
| Profit (loss) for the period | 9904 | €14,065 | €11,370 | -€2,695 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,065 | €11,370 | -€2,695 | -19.2% |
Next steps
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 2 November 2026 via checked.be.