WAGROW: 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.
WAGROW
Largest movements
- Cash +€12,117
up €12,117 (+111.6%), from €10,858 to €22,975
mainly Net result for the year (+€18,363) and Depreciation (+€5,979)
- Debts after one year -€11,964
down €11,964 (-9.0%), from €132,363 to €120,399
of which Financial debts: -€11,964
- Reserves +€10,397
new in 2025: €10,397
- Profit (loss) carried forward +€7,965
up €7,965, from -€7,965 to €0
- Depreciation -€12,243
down €12,243 (-67.2%), from €18,222 to €5,979
- Gross operating margin +€5,838
up €5,838 (+28.1%), from €20,795 to €26,633
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 | €646,864 | €657,721 | +€10,857 | +1.7% |
| Fixed assets | 21/28 | €610,127 | €604,149 | -€5,979 | -1.0% |
| Tangible fixed assets | 22/27 | €610,127 | €604,149 | -€5,979 | -1.0% |
| Land and buildings | 22 | €35,972 | €29,994 | -€5,979 | -16.6% |
| Plant, machinery and equipment | 23 | €574,155 | €574,155 | = | 0.0% |
| Current assets | 29/58 | €36,736 | €53,572 | +€16,836 | +45.8% |
| Amounts receivable within one year | 40/41 | €24,362 | €29,040 | +€4,678 | +19.2% |
| Trade receivables | 40 | €24,000 | €29,040 | +€5,040 | +21.0% |
| Other amounts receivable | 41 | €362 | €0 | -€362 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,858 | €22,975 | +€12,117 | +111.6% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,558 | +€41 | +2.7% |
| Total equity and liabilities | 10/49 | €646,864 | €657,721 | +€10,857 | +1.7% |
| Equity | 10/15 | €502,035 | €520,397 | +€18,363 | +3.7% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | - | €10,397 | +€10,397 | |
| Distributable reserves | 133 | - | €10,397 | +€10,397 | |
| Profit (loss) carried forward | 14 | -€7,965 | €0 | +€7,965 | |
| Amounts payable | 17/49 | €144,829 | €137,323 | -€7,506 | -5.2% |
| Amounts payable after more than one year | 17 | €132,363 | €120,399 | -€11,964 | -9.0% |
| Financial debts | 170/4 | €83,749 | €71,785 | -€11,964 | -14.3% |
| Other amounts payable | 178/9 | €48,613 | €48,613 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,466 | €16,925 | +€4,458 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €11,964 | €11,964 | = | 0.0% |
| Trade debts | 44 | €502 | €172 | -€330 | -65.7% |
| Suppliers | 440/4 | €502 | €172 | -€330 | -65.7% |
| Taxes, remuneration and social security | 45 | €0 | €4,788 | +€4,788 | |
| Taxes | 450/3 | €0 | €4,788 | +€4,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,222 | €5,979 | -€12,243 | -67.2% |
| Other operating charges | 640/8 | €607 | €624 | +€17 | +2.8% |
| Gross operating margin | 9900 | €20,795 | €26,633 | +€5,838 | +28.1% |
| Operating profit (loss) | 9901 | €1,966 | €20,031 | +€18,064 | +918.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,862 | €1,668 | -€194 | -10.4% |
| Recurring financial charges | 65 | €1,862 | €1,668 | -€194 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €104 | €18,363 | +€18,259 | +17566.8% |
| Profit (loss) for the period | 9904 | €104 | €18,363 | +€18,259 | +17566.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104 | €18,363 | +€18,259 | +17566.8% |
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 9 October 2026 via checked.be.