DE WANDELAAR: 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.
DE WANDELAAR
Largest movements
- Tangible fixed assets +€239,176
up €239,176 (+101%), from €236,505 to €475,681
of which Land and buildings: +€248,076
- Current investments -€150,158
down €150,158 (-100%), from €150,158 to €0
- Receivables within one year -€72,541
down €72,541 (-49.0%), from €147,946 to €75,404
- Receivables after one year -€30,000
down €30,000 (-50.5%), from €59,400 to €29,400
of which Other amounts receivable: -€30,000
- Reserves -€78,495
down €78,495 (-15.4%), from €509,905 to €431,410
of which Distributable reserves: -€80,905
- Other debts +€72,058
up €72,058 (+3,042%), from €2,368 to €74,426
- Depreciation +€43,991
up €43,991 (+336%), from €13,086 to €57,077
- Gross operating margin -€30,251
down €30,251 (-37.8%), from €79,936 to €49,685
- Taxes -€17,099
down €17,099 (-94.4%), from €18,118 to €1,019
- Financial income +€11,985
up €11,985 (+219%), from €5,470 to €17,455
- Other operating charges +€2,129
up €2,129 (+13.9%), from €15,276 to €17,405
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 | €600,225 | €589,182 | -€11,044 | -1.8% |
| Fixed assets | 21/28 | €236,505 | €475,681 | +€239,176 | +101% |
| Tangible fixed assets | 22/27 | €236,505 | €475,681 | +€239,176 | +101% |
| Land and buildings | 22 | €193,050 | €441,126 | +€248,076 | +129% |
| Furniture and vehicles | 24 | €43,454 | €34,554 | -€8,900 | -20.5% |
| Current assets | 29/58 | €363,721 | €113,501 | -€250,220 | -68.8% |
| Amounts receivable after more than one year | 29 | €59,400 | €29,400 | -€30,000 | -50.5% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €59,400 | €29,400 | -€30,000 | -50.5% |
| Amounts receivable within one year | 40/41 | €147,946 | €75,404 | -€72,541 | -49.0% |
| Other amounts receivable | 41 | €147,946 | €75,404 | -€72,541 | -49.0% |
| Current investments | 50/53 | €150,158 | €0 | -€150,158 | -100% |
| Cash at bank and in hand | 54/58 | €2,841 | €5,358 | +€2,518 | +88.6% |
| Deferred charges and accrued income | 490/1 | €3,377 | €3,339 | -€39 | -1.1% |
| Total equity and liabilities | 10/49 | €600,225 | €589,182 | -€11,044 | -1.8% |
| Equity | 10/15 | €589,905 | €511,410 | -€78,495 | -13.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €509,905 | €431,410 | -€78,495 | -15.4% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,971 | €13,381 | +€2,410 | +22.0% |
| Distributable reserves | 133 | €490,934 | €410,029 | -€80,905 | -16.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €2,002 | €3,345 | +€1,344 | +67.1% |
| Deferred taxes | 168 | €2,002 | €3,345 | +€1,344 | +67.1% |
| Amounts payable | 17/49 | €8,319 | €74,426 | +€66,108 | +795% |
| Amounts payable within one year | 42/48 | €8,319 | €74,426 | +€66,108 | +795% |
| Trade debts | 44 | €1,815 | €0 | -€1,815 | -100% |
| Suppliers | 440/4 | €1,815 | €0 | -€1,815 | -100% |
| Taxes, remuneration and social security | 45 | €4,135 | €0 | -€4,135 | -100% |
| Taxes | 450/3 | €4,135 | €0 | -€4,135 | -100% |
| Other amounts payable | 47/48 | €2,368 | €74,426 | +€72,058 | +3,042% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,086 | €57,077 | +€43,991 | +336% |
| Other operating charges | 640/8 | €15,276 | €17,405 | +€2,129 | +13.9% |
| Gross operating margin | 9900 | €79,936 | €49,685 | -€30,251 | -37.8% |
| Operating profit (loss) | 9901 | €51,574 | -€24,797 | -€76,371 | |
| Financial income | 75/76B | €5,470 | €17,455 | +€11,985 | +219% |
| Recurring financial income | 75 | €5,470 | €17,455 | +€11,985 | +219% |
| Financial charges | 65/66B | €86 | €276 | +€190 | +221% |
| Recurring financial charges | 65 | €86 | €276 | +€190 | +221% |
| Profit (loss) for the period before taxes | 9903 | €56,958 | -€7,618 | -€64,576 | |
| Transfer from deferred taxes | 780 | €853 | €251 | -€602 | -70.6% |
| Transfer to deferred taxes | 680 | - | €1,595 | +€1,595 | |
| Income taxes | 67/77 | €18,118 | €1,019 | -€17,099 | -94.4% |
| Profit (loss) for the period | 9904 | €39,694 | -€9,981 | -€49,674 | |
| Transfer from tax-exempt reserves | 789 | €1,657 | €1,004 | -€653 | -39.4% |
| Transfer to tax-exempt reserves | 689 | - | €3,415 | +€3,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,351 | -€12,391 | -€53,742 |
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 29 October 2026 via checked.be.