WAGO: 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.
WAGO
Largest movements
- Tangible fixed assets -€637
down €637 (-46.2%), from €1,381 to €743
- Receivables within one year -€584
down €584 (-17.7%), from €3,292 to €2,708
of which Trade receivables: -€879
- Cash -€272
down €272 (-19.3%), from €1,408 to €1,136
mainly Net result for the year (-€22,440) and Tax, wage and social debts (-€2,906)
- Profit (loss) carried forward -€22,440
down €22,440 (-428.8%), from -€5,233 to -€27,673
- Other debts +€21,290
up €21,290 (+497.2%), from €4,282 to €25,572
- Trade debts +€3,067
up €3,067 (+172.4%), from €1,779 to €4,846
- Tax, wage and social debts -€2,906
down €2,906 (-89.5%), from €3,248 to €343
- Accrued charges and deferred income -€1,005
no longer reported in 2025 (was €1,005)
- Financial charges +€2,899
up €2,899 (+79.6%), from €3,641 to €6,540
- Gross operating margin -€1,702
down €1,702 (-14.1%), from -€12,084 to -€13,786
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 | €6,081 | €4,587 | -€1,494 | -24.6% |
| Fixed assets | 21/28 | €1,381 | €743 | -€637 | -46.2% |
| Tangible fixed assets | 22/27 | €1,381 | €743 | -€637 | -46.2% |
| Plant, machinery and equipment | 23 | €1,381 | €743 | -€637 | -46.2% |
| Current assets | 29/58 | €4,700 | €3,844 | -€856 | -18.2% |
| Amounts receivable within one year | 40/41 | €3,292 | €2,708 | -€584 | -17.7% |
| Trade receivables | 40 | €2,673 | €1,793 | -€879 | -32.9% |
| Other amounts receivable | 41 | €619 | €914 | +€295 | +47.7% |
| Cash at bank and in hand | 54/58 | €1,408 | €1,136 | -€272 | -19.3% |
| Total equity and liabilities | 10/49 | €6,081 | €4,587 | -€1,494 | -24.6% |
| Equity | 10/15 | -€4,233 | -€26,673 | -€22,440 | -530.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,233 | -€27,673 | -€22,440 | -428.8% |
| Amounts payable | 17/49 | €10,314 | €31,260 | +€20,946 | +203.1% |
| Amounts payable within one year | 42/48 | €9,309 | €31,260 | +€21,951 | +235.8% |
| Trade debts | 44 | €1,779 | €4,846 | +€3,067 | +172.4% |
| Suppliers | 440/4 | €1,779 | €4,846 | +€3,067 | +172.4% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €3,248 | €343 | -€2,906 | -89.5% |
| Taxes | 450/3 | €3,248 | €343 | -€2,906 | -89.5% |
| Other amounts payable | 47/48 | €4,282 | €25,572 | +€21,290 | +497.2% |
| Accrued charges and deferred income | 492/3 | €1,005 | - | -€1,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | €637 | +€106 | +20.0% |
| Other operating charges | 640/8 | €1,143 | €1,268 | +€124 | +10.9% |
| Gross operating margin | 9900 | -€12,084 | -€13,786 | -€1,702 | -14.1% |
| Operating profit (loss) | 9901 | -€13,758 | -€15,691 | -€1,933 | -14.0% |
| Financial charges | 65/66B | €3,641 | €6,540 | +€2,899 | +79.6% |
| Recurring financial charges | 65 | €3,641 | €6,540 | +€2,899 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,399 | -€22,231 | -€4,831 | -27.8% |
| Income taxes | 67/77 | €130 | €209 | +€79 | +60.4% |
| Profit (loss) for the period | 9904 | -€17,530 | -€22,440 | -€4,910 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,530 | -€22,440 | -€4,910 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.