Wagon's Wheel: 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.
Wagon's Wheel
Largest movements
- Cash -€7,637
down €7,637 (-18.2%), from €42,017 to €34,380
mainly Accrued charges and deferred income (-€8,750) and Net result for the year (-€3,100)
- Tangible fixed assets -€3,305
down €3,305 (-1.2%), from €277,052 to €273,748
- Accrued charges and deferred income -€8,750
down €8,750 (-100.0%), from €8,750 to €0
- Gross operating margin +€512
up €512 (+5.2%), from €9,939 to €10,451
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 | €320,404 | €308,504 | -€11,900 | -3.7% |
| Fixed assets | 21/28 | €277,052 | €273,748 | -€3,305 | -1.2% |
| Tangible fixed assets | 22/27 | €277,052 | €273,748 | -€3,305 | -1.2% |
| Land and buildings | 22 | €277,052 | €273,748 | -€3,305 | -1.2% |
| Current assets | 29/58 | €43,352 | €34,756 | -€8,596 | -19.8% |
| Cash at bank and in hand | 54/58 | €42,017 | €34,380 | -€7,637 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,335 | €376 | -€959 | -71.8% |
| Total equity and liabilities | 10/49 | €320,404 | €308,504 | -€11,900 | -3.7% |
| Equity | 10/15 | €61,604 | €58,504 | -€3,100 | -5.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,396 | -€16,496 | -€3,100 | -23.1% |
| Amounts payable | 17/49 | €258,800 | €250,000 | -€8,800 | -3.4% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50 | €0 | -€50 | -100.0% |
| Trade debts | 44 | €50 | €0 | -€50 | -100.0% |
| Suppliers | 440/4 | €50 | €0 | -€50 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,750 | €0 | -€8,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €3,305 | +€20 | +0.6% |
| Other operating charges | 640/8 | €1,409 | €1,452 | +€43 | +3.0% |
| Gross operating margin | 9900 | €9,939 | €10,451 | +€512 | +5.2% |
| Operating profit (loss) | 9901 | €5,246 | €5,695 | +€449 | +8.6% |
| Financial charges | 65/66B | €8,794 | €8,795 | +€2 | 0.0% |
| Recurring financial charges | 65 | €8,794 | €8,795 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,548 | -€3,100 | +€448 | +12.6% |
| Profit (loss) for the period | 9904 | -€3,548 | -€3,100 | +€448 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,548 | -€3,100 | +€448 | +12.6% |
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 4 October 2026 via checked.be.