WAGCOM: 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.
WAGCOM
Largest movements
- Tangible fixed assets -€24,980
down €24,980 (-15.4%), from €162,614 to €137,634
of which Land and buildings: -€23,222
- Profit (loss) carried forward -€25,887
down €25,887 (-20.4%), from -€126,671 to -€152,558
- Gross operating margin -€12,411
down €12,411 (-80.9%), from €15,333 to €2,922
- Depreciation -€2,242
down €2,242 (-8.2%), from €27,223 to €24,980
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.
Cash bridge derived
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 | €170,682 | €145,857 | -€24,825 | -14.5% |
| Fixed assets | 21/28 | €162,614 | €137,634 | -€24,980 | -15.4% |
| Tangible fixed assets | 22/27 | €162,614 | €137,634 | -€24,980 | -15.4% |
| Land and buildings | 22 | €160,856 | €137,634 | -€23,222 | -14.4% |
| Plant, machinery and equipment | 23 | €1,758 | €0 | -€1,758 | -100.0% |
| Current assets | 29/58 | €8,067 | €8,223 | +€155 | +1.9% |
| Cash at bank and in hand | 54/58 | €7,857 | €8,002 | +€145 | +1.8% |
| Deferred charges and accrued income | 490/1 | €210 | €221 | +€10 | +4.9% |
| Total equity and liabilities | 10/49 | €170,682 | €145,857 | -€24,825 | -14.5% |
| Equity | 10/15 | €68,547 | €42,660 | -€25,887 | -37.8% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €217 | €217 | = | 0.0% |
| Distributable reserves | 133 | €217 | €217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,671 | -€152,558 | -€25,887 | -20.4% |
| Amounts payable | 17/49 | €102,135 | €103,197 | +€1,062 | +1.0% |
| Amounts payable within one year | 42/48 | €102,135 | €103,197 | +€1,062 | +1.0% |
| Trade debts | 44 | €135 | €1,197 | +€1,062 | +785.4% |
| Suppliers | 440/4 | €135 | €1,197 | +€1,062 | +785.4% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,223 | €24,980 | -€2,242 | -8.2% |
| Other operating charges | 640/8 | €3,826 | €3,753 | -€73 | -1.9% |
| Gross operating margin | 9900 | €15,333 | €2,922 | -€12,411 | -80.9% |
| Operating profit (loss) | 9901 | -€15,716 | -€25,812 | -€10,096 | -64.2% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,789 | -€25,887 | -€10,098 | -64.0% |
| Profit (loss) for the period | 9904 | -€15,789 | -€25,887 | -€10,098 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,789 | -€25,887 | -€10,098 | -64.0% |
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 11 October 2026 via checked.be.