WANG’S GARDEN: 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’S GARDEN
Largest movements
- Tangible fixed assets +€55,773
up €55,773 (+42.8%), from €130,408 to €186,181
of which Land and buildings: +€42,364
- Cash +€26,187
up €26,187 (+114%), from €23,023 to €49,209
mainly Other debts (+€62,589) and Debts after one year (+€27,211)
- Receivables within one year -€11,634
down €11,634 (-36.6%), from €31,775 to €20,141
of which Other amounts receivable: -€29,462
- Intangible fixed assets +€8,800
new in 2025: €8,800
- Other debts +€62,589
new in 2025: €62,589
- Debts after one year +€27,211
new in 2025: €27,211
- Profit (loss) carried forward -€24,985
down €24,985 (-29.0%), from €86,063 to €61,078
- Tax, wage and social debts +€9,353
up €9,353 (+40.8%), from €22,922 to €32,275
of which Remuneration and social security: +€6,988
- Current portion of long-term debt +€2,789
new in 2025: €2,789
- Gross operating margin -€79,078
down €79,078 (-65.4%), from €120,935 to €41,857
- Staff costs +€41,253
up €41,253 (+453%), from €9,116 to €50,368
- Taxes -€22,311
down €22,311 (-99.5%), from €22,423 to €112
- Depreciation +€10,267
up €10,267 (+290%), from €3,539 to €13,806
- Financial charges +€2,914
up €2,914 (+39,916%), from €7 to €2,921
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 | €185,874 | €265,351 | +€79,477 | +42.8% |
| Fixed assets | 21/28 | €130,408 | €194,981 | +€64,573 | +49.5% |
| Intangible fixed assets | 21 | - | €8,800 | +€8,800 | |
| Tangible fixed assets | 22/27 | €130,408 | €186,181 | +€55,773 | +42.8% |
| Land and buildings | 22 | €129,556 | €171,920 | +€42,364 | +32.7% |
| Plant, machinery and equipment | 23 | €852 | €4,011 | +€3,159 | +371% |
| Furniture and vehicles | 24 | - | €10,250 | +€10,250 | |
| Current assets | 29/58 | €55,466 | €70,370 | +€14,904 | +26.9% |
| Amounts receivable within one year | 40/41 | €31,775 | €20,141 | -€11,634 | -36.6% |
| Trade receivables | 40 | €2,312 | €20,141 | +€17,829 | +771% |
| Other amounts receivable | 41 | €29,462 | - | -€29,462 | |
| Cash at bank and in hand | 54/58 | €23,023 | €49,209 | +€26,187 | +114% |
| Deferred charges and accrued income | 490/1 | €669 | €1,019 | +€351 | +52.4% |
| Total equity and liabilities | 10/49 | €185,874 | €265,351 | +€79,477 | +42.8% |
| Equity | 10/15 | €92,063 | €67,078 | -€24,985 | -27.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,063 | €61,078 | -€24,985 | -29.0% |
| Amounts payable | 17/49 | €93,811 | €198,274 | +€104,462 | +111% |
| Amounts payable after more than one year | 17 | - | €27,211 | +€27,211 | |
| Financial debts | 170/4 | - | €27,211 | +€27,211 | |
| Amounts payable within one year | 42/48 | €93,811 | €171,062 | +€77,251 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,789 | +€2,789 | |
| Trade debts | 44 | €70,889 | €73,409 | +€2,520 | +3.6% |
| Suppliers | 440/4 | €70,889 | €73,409 | +€2,520 | +3.6% |
| Taxes, remuneration and social security | 45 | €22,922 | €32,275 | +€9,353 | +40.8% |
| Taxes | 450/3 | €22,922 | €25,287 | +€2,365 | +10.3% |
| Remuneration and social security | 454/9 | - | €6,988 | +€6,988 | |
| Other amounts payable | 47/48 | - | €62,589 | +€62,589 | |
| Remuneration, social security and pensions | 62 | €9,116 | €50,368 | +€41,253 | +453% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,539 | €13,806 | +€10,267 | +290% |
| Other operating charges | 640/8 | - | €283 | +€283 | |
| Gross operating margin | 9900 | €120,935 | €41,857 | -€79,078 | -65.4% |
| Operating profit (loss) | 9901 | €108,280 | -€22,601 | -€130,881 | |
| Financial income | 75/76B | €214 | €649 | +€435 | +203% |
| Recurring financial income | 75 | €214 | €649 | +€435 | +203% |
| Financial charges | 65/66B | €7 | €2,921 | +€2,914 | +39,916% |
| Recurring financial charges | 65 | €7 | €2,921 | +€2,914 | +39,916% |
| Profit (loss) for the period before taxes | 9903 | €108,486 | -€24,873 | -€133,360 | |
| Income taxes | 67/77 | €22,423 | €112 | -€22,311 | -99.5% |
| Profit (loss) for the period | 9904 | €86,063 | -€24,985 | -€111,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,063 | -€24,985 | -€111,048 |
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 18 October 2026 via checked.be.