WANG DA: 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.
WANG DA
Largest movements
- Receivables within one year +€12,470
up €12,470 (+14.7%), from €85,013 to €97,484
of which Other amounts receivable: +€12,957
- Cash -€8,157
down €8,157 (-61.4%), from €13,284 to €5,126
mainly Receivables within one year (-€12,470) and Investment in fixed assets (net) (-€2,759)
- Tangible fixed assets -€2,498
down €2,498 (-15.1%), from €16,542 to €14,044
of which Plant, machinery and equipment: -€4,267
- Accrued charges and deferred income +€4,303
new in 2025: €4,303
- Tax, wage and social debts -€2,581
down €2,581 (-49.1%), from €5,254 to €2,674
of which Remuneration and social security: -€2,600
- Gross operating margin -€16,274
down €16,274 (-64.0%), from €25,415 to €9,141
- Taxes -€6,530
down €6,530 (-100.0%), from €6,530 to €0
- Financial income +€4,547
up €4,547 (+1804.6%), from €252 to €4,799
- Staff costs +€593
up €593 (+32.2%), from €1,844 to €2,437
- Other operating charges -€451
down €451 (-8.0%), from €5,651 to €5,200
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 | €130,790 | €132,308 | +€1,519 | +1.2% |
| Fixed assets | 21/28 | €23,032 | €20,044 | -€2,988 | -13.0% |
| Tangible fixed assets | 22/27 | €16,542 | €14,044 | -€2,498 | -15.1% |
| Land and buildings | 22 | €3,951 | €5,176 | +€1,225 | +31.0% |
| Plant, machinery and equipment | 23 | €12,267 | €8,000 | -€4,267 | -34.8% |
| Furniture and vehicles | 24 | €323 | €867 | +€545 | +168.8% |
| Financial fixed assets | 28 | €6,490 | €6,000 | -€490 | -7.6% |
| Current assets | 29/58 | €107,758 | €112,265 | +€4,507 | +4.2% |
| Stocks and contracts in progress | 3 | €8,179 | €8,179 | = | 0.0% |
| Stocks | 30/36 | €8,179 | €8,179 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,013 | €97,484 | +€12,470 | +14.7% |
| Trade receivables | 40 | €487 | €0 | -€487 | -100.0% |
| Other amounts receivable | 41 | €84,526 | €97,484 | +€12,957 | +15.3% |
| Cash at bank and in hand | 54/58 | €13,284 | €5,126 | -€8,157 | -61.4% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,475 | +€194 | +15.1% |
| Total equity and liabilities | 10/49 | €130,790 | €132,308 | +€1,519 | +1.2% |
| Equity | 10/15 | €121,974 | €121,522 | -€452 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,820 | €102,922 | +€102 | +0.1% |
| Distributable reserves | 133 | €102,820 | €102,922 | +€102 | +0.1% |
| Profit (loss) carried forward | 14 | €554 | €0 | -€554 | -100.0% |
| Amounts payable | 17/49 | €8,815 | €10,786 | +€1,970 | +22.4% |
| Amounts payable within one year | 42/48 | €8,815 | €6,483 | -€2,332 | -26.5% |
| Trade debts | 44 | €3,561 | €3,810 | +€249 | +7.0% |
| Suppliers | 440/4 | €3,561 | €3,810 | +€249 | +7.0% |
| Taxes, remuneration and social security | 45 | €5,254 | €2,674 | -€2,581 | -49.1% |
| Taxes | 450/3 | €2,654 | €2,674 | +€19 | +0.7% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €4,303 | +€4,303 | |
| Remuneration, social security and pensions | 62 | €1,844 | €2,437 | +€593 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,824 | €5,747 | -€77 | -1.3% |
| Other operating charges | 640/8 | €5,651 | €5,200 | -€451 | -8.0% |
| Gross operating margin | 9900 | €25,415 | €9,141 | -€16,274 | -64.0% |
| Operating profit (loss) | 9901 | €12,096 | -€4,243 | -€16,339 | |
| Financial income | 75/76B | €252 | €4,799 | +€4,547 | +1804.6% |
| Recurring financial income | 75 | €252 | €4,799 | +€4,547 | +1804.6% |
| Financial charges | 65/66B | €1,271 | €1,007 | -€263 | -20.7% |
| Recurring financial charges | 65 | €1,271 | €1,007 | -€263 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €11,078 | -€452 | -€11,529 | |
| Income taxes | 67/77 | €6,530 | €0 | -€6,530 | -100.0% |
| Profit (loss) for the period | 9904 | €4,548 | -€452 | -€5,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,548 | -€452 | -€5,000 |
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.