W A N G: 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.
W A N G
Largest movements
- Cash +€54,570
up €54,570 (+81.0%), from €67,371 to €121,941
mainly Net result for the year (+€45,314) and Debts after one year (+€34,000)
- Tangible fixed assets +€50,495
up €50,495 (+427%), from €11,814 to €62,309
of which Other tangible fixed assets: +€39,411
- Intangible fixed assets -€5,556
down €5,556 (-33.3%), from €16,667 to €11,111
- Reserves +€45,314
up €45,314 (+72.9%), from €62,197 to €107,511
- Debts after one year +€34,000
new in 2025: €34,000
- Tax, wage and social debts +€29,038
up €29,038 (+51.6%), from €56,248 to €85,286
of which Taxes: +€31,543
- Current portion of long-term debt -€5,375
down €5,375 (-50.8%), from €10,582 to €5,207
- Other debts -€3,644
down €3,644 (-5.4%), from €67,395 to €63,751
- Gross operating margin -€18,334
down €18,334 (-5.5%), from €335,100 to €316,766
- Taxes -€4,483
down €4,483 (-14.2%), from €31,597 to €27,114
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 | €215,820 | €312,557 | +€96,737 | +44.8% |
| Fixed assets | 21/28 | €36,355 | €81,295 | +€44,940 | +124% |
| Intangible fixed assets | 21 | €16,667 | €11,111 | -€5,556 | -33.3% |
| Tangible fixed assets | 22/27 | €11,814 | €62,309 | +€50,495 | +427% |
| Plant, machinery and equipment | 23 | €9,103 | €12,629 | +€3,526 | +38.7% |
| Furniture and vehicles | 24 | €1,726 | €9,283 | +€7,558 | +438% |
| Other tangible fixed assets | 26 | €985 | €40,396 | +€39,411 | +4,001% |
| Financial fixed assets | 28 | €7,875 | €7,875 | = | 0.0% |
| Current assets | 29/58 | €179,465 | €231,262 | +€51,797 | +28.9% |
| Stocks and contracts in progress | 3 | €1,094 | - | -€1,094 | |
| Stocks | 30/36 | €1,094 | - | -€1,094 | |
| Amounts receivable within one year | 40/41 | €111,000 | €109,321 | -€1,679 | -1.5% |
| Trade receivables | 40 | €40,710 | €40,748 | +€38 | +0.1% |
| Other amounts receivable | 41 | €70,290 | €68,573 | -€1,717 | -2.4% |
| Cash at bank and in hand | 54/58 | €67,371 | €121,941 | +€54,570 | +81.0% |
| Total equity and liabilities | 10/49 | €215,820 | €312,557 | +€96,737 | +44.8% |
| Equity | 10/15 | €47,245 | €92,559 | +€45,314 | +95.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,197 | €107,511 | +€45,314 | +72.9% |
| Distributable reserves | 133 | €62,197 | €107,511 | +€45,314 | +72.9% |
| Profit (loss) carried forward | 14 | -€33,552 | -€33,552 | = | 0.0% |
| Amounts payable | 17/49 | €168,575 | €219,998 | +€51,423 | +30.5% |
| Amounts payable after more than one year | 17 | - | €34,000 | +€34,000 | |
| Financial debts | 170/4 | - | €34,000 | +€34,000 | |
| Amounts payable within one year | 42/48 | €168,575 | €185,998 | +€17,423 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,582 | €5,207 | -€5,375 | -50.8% |
| Trade debts | 44 | €34,350 | €31,754 | -€2,597 | -7.6% |
| Suppliers | 440/4 | €34,350 | €31,754 | -€2,597 | -7.6% |
| Taxes, remuneration and social security | 45 | €56,248 | €85,286 | +€29,038 | +51.6% |
| Taxes | 450/3 | €33,879 | €65,422 | +€31,543 | +93.1% |
| Remuneration and social security | 454/9 | €22,369 | €19,864 | -€2,505 | -11.2% |
| Other amounts payable | 47/48 | €67,395 | €63,751 | -€3,644 | -5.4% |
| Remuneration, social security and pensions | 62 | €227,107 | €227,171 | +€64 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,111 | €13,798 | +€2,687 | +24.2% |
| Other operating charges | 640/8 | €1,263 | €1,771 | +€508 | +40.2% |
| Gross operating margin | 9900 | €335,100 | €316,766 | -€18,334 | -5.5% |
| Operating profit (loss) | 9901 | €95,619 | €74,026 | -€21,593 | -22.6% |
| Financial charges | 65/66B | €4,616 | €1,599 | -€3,017 | -65.4% |
| Recurring financial charges | 65 | €4,616 | €1,599 | -€3,017 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €91,003 | €72,427 | -€18,576 | -20.4% |
| Income taxes | 67/77 | €31,597 | €27,114 | -€4,483 | -14.2% |
| Profit (loss) for the period | 9904 | €59,406 | €45,314 | -€14,093 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,406 | €45,314 | -€14,093 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.