WAGE SmartEnergyConstructions: 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.
WAGE SmartEnergyConstructions
Largest movements
- Cash -€67,317
down €67,317 (-16.7%), from €403,780 to €336,463
mainly Net result for the year (-€93,866) and Trade debts (-€64,452)
- Tangible fixed assets -€43,851
down €43,851 (-5.3%), from €822,690 to €778,838
of which Land and buildings: -€42,370
- Receivables within one year -€24,348
no longer reported in 2025 (was €24,348)
of which Other amounts receivable: -€24,288
- Reserves -€93,866
down €93,866 (-8.0%), from €1.2m to €1.1m
- Trade debts -€64,452
down €64,452 (-98.5%), from €65,453 to €1,001
- Accrued charges and deferred income +€17,600
up €17,600 (+733%), from €2,400 to €20,000
- Gross operating margin -€26,867
down €26,867, from €4,434 to -€22,433
- Taxes +€9,008
up €9,008 (+241%), from €3,745 to €12,753
- Other operating charges +€5,537
up €5,537 (+63.4%), from €8,738 to €14,275
- Depreciation -€228
down €228 (-0.5%), from €44,079 to €43,851
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 | €1,293,434 | €1,155,017 | -€138,417 | -10.7% |
| Fixed assets | 21/28 | €822,690 | €778,838 | -€43,851 | -5.3% |
| Tangible fixed assets | 22/27 | €822,690 | €778,838 | -€43,851 | -5.3% |
| Land and buildings | 22 | €817,356 | €774,987 | -€42,370 | -5.2% |
| Furniture and vehicles | 24 | €5,333 | €3,852 | -€1,481 | -27.8% |
| Current assets | 29/58 | €470,744 | €376,179 | -€94,566 | -20.1% |
| Stocks and contracts in progress | 3 | €29,386 | €29,386 | = | 0.0% |
| Stocks | 30/36 | €29,386 | €29,386 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,348 | - | -€24,348 | |
| Trade receivables | 40 | €61 | - | -€61 | |
| Other amounts receivable | 41 | €24,288 | - | -€24,288 | |
| Cash at bank and in hand | 54/58 | €403,780 | €336,463 | -€67,317 | -16.7% |
| Deferred charges and accrued income | 490/1 | €13,230 | €10,330 | -€2,900 | -21.9% |
| Total equity and liabilities | 10/49 | €1,293,434 | €1,155,017 | -€138,417 | -10.7% |
| Equity | 10/15 | €1,225,580 | €1,131,714 | -€93,866 | -7.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,175,580 | €1,081,714 | -€93,866 | -8.0% |
| Distributable reserves | 133 | €1,175,580 | €1,081,714 | -€93,866 | -8.0% |
| Amounts payable | 17/49 | €67,853 | €23,303 | -€44,551 | -65.7% |
| Amounts payable within one year | 42/48 | €65,453 | €3,303 | -€62,151 | -95.0% |
| Trade debts | 44 | €65,453 | €1,001 | -€64,452 | -98.5% |
| Suppliers | 440/4 | €65,453 | €1,001 | -€64,452 | -98.5% |
| Taxes, remuneration and social security | 45 | - | €2,293 | +€2,293 | |
| Taxes | 450/3 | - | €2,293 | +€2,293 | |
| Other amounts payable | 47/48 | - | €8 | +€8 | |
| Accrued charges and deferred income | 492/3 | €2,400 | €20,000 | +€17,600 | +733% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,079 | €43,851 | -€228 | -0.5% |
| Other operating charges | 640/8 | €8,738 | €14,275 | +€5,537 | +63.4% |
| Gross operating margin | 9900 | €4,434 | -€22,433 | -€26,867 | |
| Operating profit (loss) | 9901 | -€48,383 | -€80,559 | -€32,176 | -66.5% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €658 | €576 | -€82 | -12.5% |
| Recurring financial charges | 65 | €658 | €576 | -€82 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€49,041 | -€81,113 | -€32,072 | -65.4% |
| Income taxes | 67/77 | €3,745 | €12,753 | +€9,008 | +241% |
| Profit (loss) for the period | 9904 | -€52,786 | -€93,866 | -€41,080 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,786 | -€93,866 | -€41,080 | -77.8% |
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 25 October 2026 via checked.be.