ALEX WONKA: 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.
ALEX WONKA
Largest movements
- Tangible fixed assets -€30,446
down €30,446 (-3.5%), from €876,520 to €846,074
of which Land and buildings: -€35,938
- Debts after one year -€44,077
down €44,077 (-5.9%), from €744,373 to €700,296
- Reserves +€14,651
up €14,651 (+29.8%), from €49,170 to €63,821
- Gross operating margin +€13,299
up €13,299 (+15.7%), from €84,642 to €97,941
- Taxes +€5,988
up €5,988 (+595%), from €1,006 to €6,994
- Financial charges -€1,691
down €1,691 (-5.1%), from €33,078 to €31,387
- Other operating charges +€1,347
up €1,347 (+22.0%), from €6,120 to €7,467
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 | €1,063,288 | €1,037,774 | -€25,514 | -2.4% |
| Fixed assets | 21/28 | €1,037,308 | €1,006,862 | -€30,446 | -2.9% |
| Tangible fixed assets | 22/27 | €876,520 | €846,074 | -€30,446 | -3.5% |
| Land and buildings | 22 | €875,431 | €839,493 | -€35,938 | -4.1% |
| Plant, machinery and equipment | 23 | - | €3,752 | +€3,752 | |
| Furniture and vehicles | 24 | €1,089 | €440 | -€649 | -59.6% |
| Other tangible fixed assets | 26 | - | €2,389 | +€2,389 | |
| Financial fixed assets | 28 | €160,788 | €160,788 | = | 0.0% |
| Current assets | 29/58 | €25,980 | €30,912 | +€4,932 | +19.0% |
| Amounts receivable within one year | 40/41 | €9,244 | €13,662 | +€4,418 | +47.8% |
| Trade receivables | 40 | €8,609 | €12,997 | +€4,388 | +51.0% |
| Other amounts receivable | 41 | €635 | €665 | +€30 | +4.7% |
| Cash at bank and in hand | 54/58 | €16,336 | €17,250 | +€914 | +5.6% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €1,063,288 | €1,037,774 | -€25,514 | -2.4% |
| Equity | 10/15 | €132,078 | €146,729 | +€14,651 | +11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,170 | €63,821 | +€14,651 | +29.8% |
| Distributable reserves | 133 | €49,170 | €63,821 | +€14,651 | +29.8% |
| Profit (loss) carried forward | 14 | €70,508 | €70,508 | = | 0.0% |
| Amounts payable | 17/49 | €931,210 | €891,045 | -€40,165 | -4.3% |
| Amounts payable after more than one year | 17 | €744,373 | €700,296 | -€44,077 | -5.9% |
| Financial debts | 170/4 | €744,373 | €700,296 | -€44,077 | -5.9% |
| Amounts payable within one year | 42/48 | €186,837 | €190,749 | +€3,912 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €42,332 | €44,077 | +€1,745 | +4.1% |
| Trade debts | 44 | €1,058 | €5,167 | +€4,109 | +388% |
| Suppliers | 440/4 | €1,058 | €5,167 | +€4,109 | +388% |
| Taxes, remuneration and social security | 45 | €7,235 | €12,494 | +€5,259 | +72.7% |
| Taxes | 450/3 | €7,235 | €12,494 | +€5,259 | +72.7% |
| Other amounts payable | 47/48 | €136,212 | €129,011 | -€7,201 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,549 | €37,442 | +€893 | +2.4% |
| Other operating charges | 640/8 | €6,120 | €7,467 | +€1,347 | +22.0% |
| Gross operating margin | 9900 | €84,642 | €97,941 | +€13,299 | +15.7% |
| Operating profit (loss) | 9901 | €41,973 | €53,032 | +€11,059 | +26.3% |
| Financial charges | 65/66B | €33,078 | €31,387 | -€1,691 | -5.1% |
| Recurring financial charges | 65 | €33,078 | €31,387 | -€1,691 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €8,895 | €21,645 | +€12,750 | +143% |
| Income taxes | 67/77 | €1,006 | €6,994 | +€5,988 | +595% |
| Profit (loss) for the period | 9904 | €7,889 | €14,651 | +€6,762 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,889 | €14,651 | +€6,762 | +85.7% |
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 13 October 2026 via checked.be.