WAGAND: 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.
WAGAND
Largest movements
- Tangible fixed assets +€26,199
up €26,199 (+338%), from €7,741 to €33,940
of which Land and buildings: +€29,356
- Cash -€4,904
down €4,904 (-23.6%), from €20,759 to €15,854
mainly Investment in fixed assets (net) (-€30,460) and Other debts (-€1,865)
- Receivables within one year +€1,476
up €1,476 (+60.0%), from €2,459 to €3,936
of which Other amounts receivable: +€1,513
- Debts after one year +€20,149
new in 2025: €20,149
- Current portion of long-term debt +€4,804
up €4,804 (+529%), from €909 to €5,712
- Other debts -€1,865
down €1,865 (-71.6%), from €2,605 to €740
- Trade debts -€615
down €615 (-55.0%), from €1,118 to €503
- Taxes -€5,072
down €5,072, from €2,948 to -€2,124
- Other operating charges +€2,267
up €2,267 (+243%), from €935 to €3,202
- Gross operating margin +€1,632
up €1,632 (+29.5%), from €5,538 to €7,171
- Financial charges +€1,089
up €1,089 (+313%), from €348 to €1,437
- Depreciation +€885
up €885 (+26.2%), from €3,376 to €4,261
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 | €31,466 | €54,298 | +€22,833 | +72.6% |
| Fixed assets | 21/28 | €7,741 | €33,940 | +€26,199 | +338% |
| Tangible fixed assets | 22/27 | €7,741 | €33,940 | +€26,199 | +338% |
| Land and buildings | 22 | - | €29,356 | +€29,356 | |
| Plant, machinery and equipment | 23 | €7,741 | €4,584 | -€3,157 | -40.8% |
| Current assets | 29/58 | €23,725 | €20,359 | -€3,366 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,459 | €3,936 | +€1,476 | +60.0% |
| Trade receivables | 40 | €1,535 | €1,498 | -€37 | -2.4% |
| Other amounts receivable | 41 | €924 | €2,437 | +€1,513 | +164% |
| Cash at bank and in hand | 54/58 | €20,759 | €15,854 | -€4,904 | -23.6% |
| Deferred charges and accrued income | 490/1 | €507 | €569 | +€62 | +12.2% |
| Total equity and liabilities | 10/49 | €31,466 | €54,298 | +€22,833 | +72.6% |
| Equity | 10/15 | €22,895 | €23,291 | +€395 | +1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,800 | €18,250 | +€450 | +2.5% |
| Distributable reserves | 133 | €17,800 | €18,250 | +€450 | +2.5% |
| Profit (loss) carried forward | 14 | €95 | €41 | -€55 | -57.3% |
| Amounts payable | 17/49 | €8,570 | €31,008 | +€22,437 | +262% |
| Amounts payable after more than one year | 17 | - | €20,149 | +€20,149 | |
| Financial debts | 170/4 | - | €20,149 | +€20,149 | |
| Amounts payable within one year | 42/48 | €8,570 | €10,859 | +€2,289 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €909 | €5,712 | +€4,804 | +529% |
| Trade debts | 44 | €1,118 | €503 | -€615 | -55.0% |
| Suppliers | 440/4 | €1,118 | €503 | -€615 | -55.0% |
| Taxes, remuneration and social security | 45 | €3,938 | €3,904 | -€35 | -0.9% |
| Taxes | 450/3 | €2,938 | €2,904 | -€35 | -1.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,605 | €740 | -€1,865 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,376 | €4,261 | +€885 | +26.2% |
| Other operating charges | 640/8 | €935 | €3,202 | +€2,267 | +243% |
| Gross operating margin | 9900 | €5,538 | €7,171 | +€1,632 | +29.5% |
| Operating profit (loss) | 9901 | €1,228 | -€293 | -€1,520 | |
| Financial income | 75/76B | €12 | €1 | -€11 | -95.0% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -95.0% |
| Financial charges | 65/66B | €348 | €1,437 | +€1,089 | +313% |
| Recurring financial charges | 65 | €348 | €1,437 | +€1,089 | +313% |
| Profit (loss) for the period before taxes | 9903 | €892 | -€1,729 | -€2,621 | |
| Income taxes | 67/77 | €2,948 | -€2,124 | -€5,072 | |
| Profit (loss) for the period | 9904 | -€2,056 | €395 | +€2,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,056 | €395 | +€2,451 |
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 20 October 2026 via checked.be.