WAGRAM ADVIES: 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.
WAGRAM ADVIES
Largest movements
- Receivables within one year -€1.6m
down €1.6m (-100.0%), from €1.6m to €640
of which Other amounts receivable: -€1.6m
- Stocks and contracts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Cash +€102,867
up €102,867 (+6,264%), from €1,642 to €104,510
mainly Receivables within one year (+€1.6m) and Stocks and contracts (+€1.5m)
- Short-term financial debts -€2.2m
down €2.2m (-100%), from €2.2m to €0
- Other debts -€365,149
down €365,149 (-100%), from €365,149 to €0
- Profit (loss) carried forward -€347,438
down €347,438 (-78.2%), from €444,325 to €96,887
- Gross operating margin -€359,419
down €359,419 (-1,074%), from -€33,479 to -€392,898
- Financial charges -€93,770
down €93,770 (-84.5%), from €111,011 to €17,241
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 | €3,075,110 | €105,149 | -€3.0m | -96.6% |
| Current assets | 29/58 | €3,075,110 | €105,149 | -€3.0m | -96.6% |
| Stocks and contracts in progress | 3 | €1,482,024 | €0 | -€1.5m | -100% |
| Stocks | 30/36 | €1,482,024 | €0 | -€1.5m | -100% |
| Amounts receivable within one year | 40/41 | €1,591,443 | €640 | -€1.6m | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,591,443 | €640 | -€1.6m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,642 | €104,510 | +€102,867 | +6,264% |
| Total equity and liabilities | 10/49 | €3,075,110 | €105,149 | -€3.0m | -96.6% |
| Equity | 10/15 | €452,385 | €104,947 | -€347,438 | -76.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,325 | €96,887 | -€347,438 | -78.2% |
| Amounts payable | 17/49 | €2,622,725 | €203 | -€2.6m | -100.0% |
| Amounts payable within one year | 42/48 | €2,622,190 | €203 | -€2.6m | -100.0% |
| Financial debts | 43 | €2,200,000 | €0 | -€2.2m | -100% |
| Credit institutions | 430/8 | €2,200,000 | €0 | -€2.2m | -100% |
| Trade debts | 44 | €27,640 | €203 | -€27,438 | -99.3% |
| Suppliers | 440/4 | €27,640 | €203 | -€27,438 | -99.3% |
| Taxes, remuneration and social security | 45 | €29,400 | €0 | -€29,400 | -100% |
| Taxes | 450/3 | €29,400 | €0 | -€29,400 | -100% |
| Other amounts payable | 47/48 | €365,149 | €0 | -€365,149 | -100% |
| Accrued charges and deferred income | 492/3 | €535 | €0 | -€535 | -100% |
| Other operating charges | 640/8 | €4,324 | €641 | -€3,683 | -85.2% |
| Gross operating margin | 9900 | -€33,479 | -€392,898 | -€359,419 | -1,074% |
| Operating profit (loss) | 9901 | -€37,803 | -€393,539 | -€355,736 | -941% |
| Financial income | 75/76B | €60,645 | €63,342 | +€2,697 | +4.4% |
| Recurring financial income | 75 | €60,645 | €63,342 | +€2,697 | +4.4% |
| Financial charges | 65/66B | €111,011 | €17,241 | -€93,770 | -84.5% |
| Recurring financial charges | 65 | €111,011 | €17,241 | -€93,770 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | -€88,169 | -€347,438 | -€259,269 | -294% |
| Profit (loss) for the period | 9904 | -€88,169 | -€347,438 | -€259,269 | -294% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,169 | -€347,438 | -€259,269 | -294% |
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 30 October 2026 via checked.be.