WAGNER CONSTRUCT: 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.
WAGNER CONSTRUCT
Largest movements
- Receivables within one year +€10,164
up €10,164 (+33.3%), from €30,547 to €40,710
of which Trade receivables: +€9,272
- Cash -€3,142
down €3,142 (-94.2%), from €3,334 to €192
mainly Receivables within one year (-€10,164) and Tax, wage and social debts (-€2,020)
- Tangible fixed assets -€2,850
down €2,850 (-51.9%), from €5,490 to €2,640
of which Furniture and vehicles: -€2,429
- Deferred charges and accrued income -€1,361
down €1,361 (-92.8%), from €1,466 to €105
- Profit (loss) carried forward +€5,593
up €5,593 (+18.9%), from €29,581 to €35,174
- Tax, wage and social debts -€2,020
down €2,020 (-98.9%), from €2,042 to €21
- Trade debts -€763
down €763 (-10.6%), from €7,214 to €6,451
- Depreciation -€6,349
down €6,349 (-61.7%), from €10,297 to €3,947
- Financial charges +€3,384
up €3,384 (+106.7%), from €3,171 to €6,555
- Staff costs -€1,800
no longer reported in 2025 (was €1,800)
- Other operating charges -€834
down €834 (-35.7%), from €2,337 to €1,502
- Gross operating margin -€376
down €376 (-2.1%), from €17,974 to €17,598
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 | €40,836 | €43,647 | +€2,811 | +6.9% |
| Fixed assets | 21/28 | €5,490 | €2,640 | -€2,850 | -51.9% |
| Tangible fixed assets | 22/27 | €5,490 | €2,640 | -€2,850 | -51.9% |
| Plant, machinery and equipment | 23 | €1,032 | €611 | -€421 | -40.8% |
| Furniture and vehicles | 24 | €4,458 | €2,029 | -€2,429 | -54.5% |
| Current assets | 29/58 | €35,347 | €41,007 | +€5,660 | +16.0% |
| Amounts receivable within one year | 40/41 | €30,547 | €40,710 | +€10,164 | +33.3% |
| Trade receivables | 40 | €15,110 | €24,383 | +€9,272 | +61.4% |
| Other amounts receivable | 41 | €15,436 | €16,327 | +€891 | +5.8% |
| Cash at bank and in hand | 54/58 | €3,334 | €192 | -€3,142 | -94.2% |
| Deferred charges and accrued income | 490/1 | €1,466 | €105 | -€1,361 | -92.8% |
| Total equity and liabilities | 10/49 | €40,836 | €43,647 | +€2,811 | +6.9% |
| Equity | 10/15 | €31,581 | €37,174 | +€5,593 | +17.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,581 | €35,174 | +€5,593 | +18.9% |
| Amounts payable | 17/49 | €9,255 | €6,472 | -€2,783 | -30.1% |
| Amounts payable within one year | 42/48 | €9,255 | €6,472 | -€2,783 | -30.1% |
| Trade debts | 44 | €7,214 | €6,451 | -€763 | -10.6% |
| Suppliers | 440/4 | €7,214 | €6,451 | -€763 | -10.6% |
| Taxes, remuneration and social security | 45 | €2,042 | €21 | -€2,020 | -98.9% |
| Taxes | 450/3 | €2,042 | €21 | -€2,020 | -98.9% |
| Remuneration, social security and pensions | 62 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,297 | €3,947 | -€6,349 | -61.7% |
| Other operating charges | 640/8 | €2,337 | €1,502 | -€834 | -35.7% |
| Gross operating margin | 9900 | €17,974 | €17,598 | -€376 | -2.1% |
| Operating profit (loss) | 9901 | €3,540 | €12,148 | +€8,608 | +243.1% |
| Financial charges | 65/66B | €3,171 | €6,555 | +€3,384 | +106.7% |
| Recurring financial charges | 65 | €3,171 | €6,555 | +€3,384 | +106.7% |
| Profit (loss) for the period before taxes | 9903 | €369 | €5,593 | +€5,224 | +1414.1% |
| Profit (loss) for the period | 9904 | €369 | €5,593 | +€5,224 | +1414.1% |
| Profit (loss) for the period to be appropriated | 9905 | €369 | €5,593 | +€5,224 | +1414.1% |
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 10 October 2026 via checked.be.