Wagen Direct: 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.
Wagen Direct
Largest movements
- Tangible fixed assets +€15,550
up €15,550 (+71.9%), from €21,615 to €37,165
- Receivables within one year +€6,454
up €6,454 (+8,187%), from €79 to €6,533
of which Trade receivables: +€4,525
- Deferred charges and accrued income +€3,472
up €3,472 (+913%), from €380 to €3,853
- Reserves +€19,399
new in 2025: €19,399
- Tax, wage and social debts +€5,391
up €5,391 (+787%), from €685 to €6,075
- Profit (loss) carried forward +€4,934
up €4,934, from -€4,934 to €0
- Other debts -€3,674
down €3,674 (-14.4%), from €25,432 to €21,758
- Gross operating margin +€36,141
up €36,141 (+1,744%), from €2,072 to €38,213
- Taxes +€6,075
new in 2025: €6,075
- Depreciation +€5,165
up €5,165 (+1,811%), from €285 to €5,450
- Other operating charges +€1,447
up €1,447 (+176%), from €823 to €2,270
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 | €26,049 | €51,823 | +€25,773 | +98.9% |
| Fixed assets | 21/28 | €21,615 | €37,165 | +€15,550 | +71.9% |
| Tangible fixed assets | 22/27 | €21,615 | €37,165 | +€15,550 | +71.9% |
| Furniture and vehicles | 24 | €21,615 | €37,165 | +€15,550 | +71.9% |
| Current assets | 29/58 | €4,434 | €14,658 | +€10,224 | +231% |
| Amounts receivable within one year | 40/41 | €79 | €6,533 | +€6,454 | +8,187% |
| Trade receivables | 40 | €0 | €4,525 | +€4,525 | |
| Other amounts receivable | 41 | €79 | €2,008 | +€1,929 | +2,447% |
| Cash at bank and in hand | 54/58 | €3,975 | €4,272 | +€297 | +7.5% |
| Deferred charges and accrued income | 490/1 | €380 | €3,853 | +€3,472 | +913% |
| Total equity and liabilities | 10/49 | €26,049 | €51,823 | +€25,773 | +98.9% |
| Equity | 10/15 | -€934 | €23,399 | +€24,333 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €19,399 | +€19,399 | |
| Distributable reserves | 133 | - | €19,399 | +€19,399 | |
| Profit (loss) carried forward | 14 | -€4,934 | €0 | +€4,934 | |
| Amounts payable | 17/49 | €26,983 | €28,424 | +€1,441 | +5.3% |
| Amounts payable within one year | 42/48 | €26,983 | €28,424 | +€1,441 | +5.3% |
| Trade debts | 44 | €866 | €590 | -€276 | -31.8% |
| Suppliers | 440/4 | €866 | €590 | -€276 | -31.8% |
| Taxes, remuneration and social security | 45 | €685 | €6,075 | +€5,391 | +787% |
| Taxes | 450/3 | €685 | €6,075 | +€5,391 | +787% |
| Other amounts payable | 47/48 | €25,432 | €21,758 | -€3,674 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €5,450 | +€5,165 | +1,811% |
| Other operating charges | 640/8 | €823 | €2,270 | +€1,447 | +176% |
| Gross operating margin | 9900 | €2,072 | €38,213 | +€36,141 | +1,744% |
| Operating profit (loss) | 9901 | €965 | €30,493 | +€29,528 | +3,061% |
| Financial income | 75/76B | €0 | €33 | +€33 | |
| Recurring financial income | 75 | €0 | €33 | +€33 | |
| Financial charges | 65/66B | €352 | €118 | -€234 | -66.4% |
| Recurring financial charges | 65 | €352 | €118 | -€234 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €613 | €30,408 | +€29,795 | +4,863% |
| Income taxes | 67/77 | - | €6,075 | +€6,075 | |
| Profit (loss) for the period | 9904 | €613 | €24,333 | +€23,720 | +3,871% |
| Profit (loss) for the period to be appropriated | 9905 | €613 | €24,333 | +€23,720 | +3,871% |
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 23 October 2026 via checked.be.