WAGEVA: what changed
Two fiscal 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.
WAGEVA
Largest movements
- Cash -€54,577
down €54,577 (-45.6%), from €119,622 to €65,045
mainly Contributions, distributions and other (-€273,974) and Debts after one year (-€80,787)
- Tangible fixed assets -€21,943
down €21,943 (-10.1%), from €216,628 to €194,685
of which Furniture and vehicles: -€16,127
- Receivables within one year -€18,908
down €18,908 (-53.8%), from €35,122 to €16,214
of which Other amounts receivable: -€18,908
- Reserves -€111,459
down €111,459 (-16.7%), from €666,123 to €554,664
- Other debts +€92,981
up €92,981 (+5611.4%), from €1,657 to €94,638
- Debts after one year -€80,787
down €80,787 (-35.5%), from €227,326 to €146,539
- Current portion of long-term debt +€14,108
up €14,108 (+20.4%), from €69,325 to €83,434
- Depreciation -€35,284
down €35,284 (-61.7%), from €57,227 to €21,943
- Taxes +€15,058
up €15,058 (+44.2%), from €34,076 to €49,133
- Financial charges -€13,268
down €13,268 (-54.9%), from €24,161 to €10,893
- Gross operating margin +€9,041
up €9,041 (+5.0%), from €181,052 to €190,093
- Financial income -€4,890
down €4,890 (-7.1%), from €68,584 to €63,694
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €974,756 | €883,545 | -€91,212 | -9.4% |
| Fixed assets | 21/28 | €618,691 | €596,747 | -€21,943 | -3.5% |
| Tangible fixed assets | 22/27 | €216,628 | €194,685 | -€21,943 | -10.1% |
| Land and buildings | 22 | €167,057 | €161,920 | -€5,137 | -3.1% |
| Furniture and vehicles | 24 | €47,945 | €31,819 | -€16,127 | -33.6% |
| Other tangible fixed assets | 26 | €1,626 | €946 | -€680 | -41.8% |
| Financial fixed assets | 28 | €402,063 | €402,063 | = | 0.0% |
| Current assets | 29/58 | €356,065 | €286,797 | -€69,268 | -19.5% |
| Amounts receivable within one year | 40/41 | €35,122 | €16,214 | -€18,908 | -53.8% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €20,122 | €1,214 | -€18,908 | -94.0% |
| Current investments | 50/53 | €200,000 | €201,341 | +€1,341 | +0.7% |
| Cash at bank and in hand | 54/58 | €119,622 | €65,045 | -€54,577 | -45.6% |
| Deferred charges and accrued income | 490/1 | €1,322 | €4,198 | +€2,875 | +217.5% |
| Total equity and liabilities | 10/49 | €974,756 | €883,545 | -€91,212 | -9.4% |
| Equity | 10/15 | €666,623 | €555,164 | -€111,459 | -16.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €666,123 | €554,664 | -€111,459 | -16.7% |
| Distributable reserves | 133 | €666,123 | €554,664 | -€111,459 | -16.7% |
| Amounts payable | 17/49 | €308,133 | €328,381 | +€20,247 | +6.6% |
| Amounts payable after more than one year | 17 | €227,326 | €146,539 | -€80,787 | -35.5% |
| Financial debts | 170/4 | €227,326 | €146,539 | -€80,787 | -35.5% |
| Amounts payable within one year | 42/48 | €80,807 | €181,842 | +€101,035 | +125.0% |
| Current portion of amounts payable after more than one year | 42 | €69,325 | €83,434 | +€14,108 | +20.4% |
| Trade debts | 44 | €1,823 | €352 | -€1,471 | -80.7% |
| Suppliers | 440/4 | €1,823 | €352 | -€1,471 | -80.7% |
| Taxes, remuneration and social security | 45 | €8,002 | €3,418 | -€4,585 | -57.3% |
| Taxes | 450/3 | €6,566 | €2,490 | -€4,076 | -62.1% |
| Remuneration and social security | 454/9 | €1,437 | €928 | -€509 | -35.4% |
| Other amounts payable | 47/48 | €1,657 | €94,638 | +€92,981 | +5611.4% |
| Remuneration, social security and pensions | 62 | €7,273 | €6,829 | -€444 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,227 | €21,943 | -€35,284 | -61.7% |
| Other operating charges | 640/8 | €1,053 | €2,474 | +€1,421 | +135.0% |
| Gross operating margin | 9900 | €181,052 | €190,093 | +€9,041 | +5.0% |
| Operating profit (loss) | 9901 | €115,499 | €158,847 | +€43,348 | +37.5% |
| Financial income | 75/76B | €68,584 | €63,694 | -€4,890 | -7.1% |
| Recurring financial income | 75 | €68,584 | €63,694 | -€4,890 | -7.1% |
| Financial charges | 65/66B | €24,161 | €10,893 | -€13,268 | -54.9% |
| Recurring financial charges | 65 | €24,161 | €10,893 | -€13,268 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €159,922 | €211,648 | +€51,726 | +32.3% |
| Income taxes | 67/77 | €34,076 | €49,133 | +€15,058 | +44.2% |
| Profit (loss) for the period | 9904 | €125,847 | €162,515 | +€36,668 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,847 | €162,515 | +€36,668 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.