Wasbergh: 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.
Wasbergh
Largest movements
- Cash -€44,920
down €44,920 (-54.2%), from €82,911 to €37,991
mainly Contributions, distributions and other (-€68,188) and Investment in fixed assets (net) (-€46,995)
- Tangible fixed assets +€32,287
up €32,287 (+30.9%), from €104,393 to €136,680
of which Land and buildings: +€104,094
- Current investments +€25,233
up €25,233 (+101%), from €25,000 to €50,233
- Receivables within one year +€16,116
up €16,116 (+80.3%), from €20,075 to €36,191
of which Trade receivables: +€19,935
- Stocks and contracts -€8,595
no longer reported in 2025 (was €8,595)
- Reserves -€25,625
down €25,625 (-17.7%), from €144,955 to €119,331
- Other debts +€19,345
up €19,345 (+394%), from €4,912 to €24,257
- Debts after one year +€12,078
up €12,078 (+15.3%), from €78,819 to €90,897
- Tax, wage and social debts +€10,645
up €10,645 (+251%), from €4,233 to €14,878
- Current portion of long-term debt +€2,798
up €2,798 (+48.9%), from €5,724 to €8,521
- Gross operating margin -€29,327
down €29,327 (-23.3%), from €125,914 to €96,587
- Other operating charges -€8,269
down €8,269 (-36.6%), from €22,614 to €14,345
- Depreciation +€3,255
up €3,255 (+28.4%), from €11,452 to €14,708
- Financial charges +€1,830
up €1,830 (+40.9%), from €4,472 to €6,302
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 | €242,421 | €262,287 | +€19,866 | +8.2% |
| Fixed assets | 21/28 | €104,393 | €136,680 | +€32,287 | +30.9% |
| Tangible fixed assets | 22/27 | €104,393 | €136,680 | +€32,287 | +30.9% |
| Land and buildings | 22 | - | €104,094 | +€104,094 | |
| Plant, machinery and equipment | 23 | €3,706 | €2,450 | -€1,257 | -33.9% |
| Furniture and vehicles | 24 | €3,251 | €7,674 | +€4,424 | +136% |
| Leasing and similar rights | 25 | €31,137 | €22,462 | -€8,676 | -27.9% |
| Assets under construction and advance payments | 27 | €66,298 | - | -€66,298 | |
| Current assets | 29/58 | €138,028 | €125,607 | -€12,421 | -9.0% |
| Stocks and contracts in progress | 3 | €8,595 | - | -€8,595 | |
| Contracts in progress | 37 | €8,595 | - | -€8,595 | |
| Amounts receivable within one year | 40/41 | €20,075 | €36,191 | +€16,116 | +80.3% |
| Trade receivables | 40 | €14,921 | €34,856 | +€19,935 | +134% |
| Other amounts receivable | 41 | €5,155 | €1,335 | -€3,819 | -74.1% |
| Current investments | 50/53 | €25,000 | €50,233 | +€25,233 | +101% |
| Cash at bank and in hand | 54/58 | €82,911 | €37,991 | -€44,920 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,448 | €1,193 | -€255 | -17.6% |
| Total equity and liabilities | 10/49 | €242,421 | €262,287 | +€19,866 | +8.2% |
| Equity | 10/15 | €147,955 | €122,331 | -€25,625 | -17.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €144,955 | €119,331 | -€25,625 | -17.7% |
| Distributable reserves | 133 | €144,955 | €119,331 | -€25,625 | -17.7% |
| Amounts payable | 17/49 | €94,466 | €139,956 | +€45,490 | +48.2% |
| Amounts payable after more than one year | 17 | €78,819 | €90,897 | +€12,078 | +15.3% |
| Financial debts | 170/4 | €78,819 | €90,897 | +€12,078 | +15.3% |
| Amounts payable within one year | 42/48 | €15,646 | €49,059 | +€33,413 | +214% |
| Current portion of amounts payable after more than one year | 42 | €5,724 | €8,521 | +€2,798 | +48.9% |
| Trade debts | 44 | €778 | €1,403 | +€624 | +80.2% |
| Suppliers | 440/4 | €778 | €1,403 | +€624 | +80.2% |
| Taxes, remuneration and social security | 45 | €4,233 | €14,878 | +€10,645 | +251% |
| Taxes | 450/3 | €4,233 | €14,878 | +€10,645 | +251% |
| Other amounts payable | 47/48 | €4,912 | €24,257 | +€19,345 | +394% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,452 | €14,708 | +€3,255 | +28.4% |
| Other operating charges | 640/8 | €22,614 | €14,345 | -€8,269 | -36.6% |
| Gross operating margin | 9900 | €125,914 | €96,587 | -€29,327 | -23.3% |
| Operating profit (loss) | 9901 | €91,848 | €67,535 | -€24,313 | -26.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,472 | €6,302 | +€1,830 | +40.9% |
| Recurring financial charges | 65 | €4,472 | €6,302 | +€1,830 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €87,376 | €61,233 | -€26,143 | -29.9% |
| Income taxes | 67/77 | €19,188 | €18,670 | -€518 | -2.7% |
| Profit (loss) for the period | 9904 | €68,188 | €42,563 | -€25,625 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,188 | €42,563 | -€25,625 | -37.6% |
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 28 October 2026 via checked.be.