2wandr: what changed
Two fiscal 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.
2wandr
Largest movements
- Current investments +€53,000
new in 2025: €53,000
- Cash -€34,645
down €34,645 (-43.1%), from €80,322 to €45,678
mainly Current investments (-€53,000) and Investment in fixed assets (net) (-€45,242)
- Tangible fixed assets +€33,667
up €33,667 (+109.5%), from €30,737 to €64,405
of which Furniture and vehicles: +€33,808
- Receivables within one year -€16,127
down €16,127 (-84.6%), from €19,055 to €2,928
of which Trade receivables: -€16,021
- Deferred charges and accrued income +€1,868
new in 2025: €1,868
- Profit (loss) carried forward +€34,069
up €34,069 (+60.3%), from €56,490 to €90,559
- Debts after one year +€31,719
new in 2025: €31,719
- Trade debts -€16,557
down €16,557 (-87.0%), from €19,030 to €2,473
- Tax, wage and social debts -€11,045
down €11,045 (-35.3%), from €31,317 to €20,273
- Other debts -€9,455
down €9,455 (-52.0%), from €18,186 to €8,731
- Gross operating margin -€17,943
down €17,943 (-21.2%), from €84,836 to €66,893
- Taxes -€5,667
down €5,667 (-28.2%), from €20,076 to €14,408
- Depreciation +€4,184
up €4,184 (+56.6%), from €7,391 to €11,575
- Financial charges +€2,479
up €2,479 (+3688.1%), from €67 to €2,546
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 | €130,115 | €167,878 | +€37,763 | +29.0% |
| Fixed assets | 21/28 | €30,737 | €64,405 | +€33,667 | +109.5% |
| Tangible fixed assets | 22/27 | €30,737 | €64,405 | +€33,667 | +109.5% |
| Plant, machinery and equipment | 23 | €2,918 | €2,778 | -€140 | -4.8% |
| Furniture and vehicles | 24 | €27,819 | €61,627 | +€33,808 | +121.5% |
| Current assets | 29/58 | €99,377 | €103,474 | +€4,096 | +4.1% |
| Amounts receivable within one year | 40/41 | €19,055 | €2,928 | -€16,127 | -84.6% |
| Trade receivables | 40 | €18,949 | €2,928 | -€16,021 | -84.5% |
| Other amounts receivable | 41 | €106 | - | -€106 | |
| Current investments | 50/53 | - | €53,000 | +€53,000 | |
| Cash at bank and in hand | 54/58 | €80,322 | €45,678 | -€34,645 | -43.1% |
| Deferred charges and accrued income | 490/1 | - | €1,868 | +€1,868 | |
| Total equity and liabilities | 10/49 | €130,115 | €167,878 | +€37,763 | +29.0% |
| Equity | 10/15 | €61,490 | €95,559 | +€34,069 | +55.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,490 | €90,559 | +€34,069 | +60.3% |
| Amounts payable | 17/49 | €68,625 | €72,320 | +€3,695 | +5.4% |
| Amounts payable after more than one year | 17 | - | €31,719 | +€31,719 | |
| Financial debts | 170/4 | - | €31,719 | +€31,719 | |
| Amounts payable within one year | 42/48 | €68,534 | €40,601 | -€27,932 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,124 | +€9,124 | |
| Trade debts | 44 | €19,030 | €2,473 | -€16,557 | -87.0% |
| Suppliers | 440/4 | €19,030 | €2,473 | -€16,557 | -87.0% |
| Taxes, remuneration and social security | 45 | €31,317 | €20,273 | -€11,045 | -35.3% |
| Taxes | 450/3 | €31,317 | €20,273 | -€11,045 | -35.3% |
| Other amounts payable | 47/48 | €18,186 | €8,731 | -€9,455 | -52.0% |
| Accrued charges and deferred income | 492/3 | €91 | - | -€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,391 | €11,575 | +€4,184 | +56.6% |
| Other operating charges | 640/8 | €233 | €528 | +€295 | +126.5% |
| Non-recurring operating charges | 66A | - | €3,767 | +€3,767 | |
| Gross operating margin | 9900 | €84,836 | €66,893 | -€17,943 | -21.2% |
| Operating profit (loss) | 9901 | €77,211 | €51,023 | -€26,188 | -33.9% |
| Financial charges | 65/66B | €67 | €2,546 | +€2,479 | +3688.1% |
| Recurring financial charges | 65 | €67 | €2,546 | +€2,479 | +3688.1% |
| Profit (loss) for the period before taxes | 9903 | €77,144 | €48,477 | -€28,667 | -37.2% |
| Income taxes | 67/77 | €20,076 | €14,408 | -€5,667 | -28.2% |
| Profit (loss) for the period | 9904 | €57,068 | €34,069 | -€23,000 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,068 | €34,069 | -€23,000 | -40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.