DE WANNEMACKER: 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 WANNEMACKER
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+115%), from €1.2m to €2.5m
of which Land and buildings: +€1.3m
- Receivables within one year -€208,128
down €208,128 (-82.8%), from €251,500 to €43,372
- Cash -€28,657
down €28,657 (-48.8%), from €58,724 to €30,067
mainly Investment in fixed assets (net) (-€1.4m) and Tax, wage and social debts (-€47,060)
- Other debts +€800,856
up €800,856 (+169%), from €474,144 to €1.3m
- Profit (loss) carried forward +€270,833
up €270,833 (+39.7%), from €681,644 to €952,477
- Trade debts +€71,821
up €71,821 (+5,871%), from €1,223 to €73,045
- Tax, wage and social debts -€47,060
down €47,060 (-66.0%), from €71,310 to €24,250
- Gross operating margin -€84,428
down €84,428 (-17.3%), from €489,025 to €404,597
- Taxes -€37,060
down €37,060 (-33.3%), from €111,310 to €74,250
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 | €1,474,500 | €2,570,951 | +€1.1m | +74.4% |
| Fixed assets | 21/28 | €1,164,276 | €2,497,512 | +€1.3m | +115% |
| Tangible fixed assets | 22/27 | €1,159,300 | €2,492,536 | +€1.3m | +115% |
| Land and buildings | 22 | €1,154,588 | €2,489,265 | +€1.3m | +116% |
| Plant, machinery and equipment | 23 | €4,712 | €3,271 | -€1,441 | -30.6% |
| Financial fixed assets | 28 | €4,976 | €4,976 | = | 0.0% |
| Current assets | 29/58 | €310,224 | €73,439 | -€236,785 | -76.3% |
| Amounts receivable within one year | 40/41 | €251,500 | €43,372 | -€208,128 | -82.8% |
| Trade receivables | 40 | €251,500 | €43,372 | -€208,128 | -82.8% |
| Cash at bank and in hand | 54/58 | €58,724 | €30,067 | -€28,657 | -48.8% |
| Total equity and liabilities | 10/49 | €1,474,500 | €2,570,951 | +€1.1m | +74.4% |
| Equity | 10/15 | €925,389 | €1,196,222 | +€270,833 | +29.3% |
| Contributions | 10/11 | €66,322 | €66,322 | = | 0.0% |
| Capital | 10 | €66,322 | €66,322 | = | 0.0% |
| Issued capital | 100 | €66,322 | €66,322 | = | 0.0% |
| Reserves | 13 | €177,423 | €177,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,346 | €18,346 | = | 0.0% |
| Legal reserve | 130 | €18,346 | €18,346 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,089 | €2,089 | = | 0.0% |
| Distributable reserves | 133 | €156,988 | €156,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | €681,644 | €952,477 | +€270,833 | +39.7% |
| Provisions and deferred taxes | 16 | €2,434 | €2,434 | = | 0.0% |
| Deferred taxes | 168 | €2,434 | €2,434 | = | 0.0% |
| Amounts payable | 17/49 | €546,677 | €1,372,295 | +€825,618 | +151% |
| Amounts payable within one year | 42/48 | €546,677 | €1,372,295 | +€825,618 | +151% |
| Trade debts | 44 | €1,223 | €73,045 | +€71,821 | +5,871% |
| Suppliers | 440/4 | €1,223 | €73,045 | +€71,821 | +5,871% |
| Taxes, remuneration and social security | 45 | €71,310 | €24,250 | -€47,060 | -66.0% |
| Taxes | 450/3 | €71,310 | €24,250 | -€47,060 | -66.0% |
| Other amounts payable | 47/48 | €474,144 | €1,275,000 | +€800,856 | +169% |
| Non-recurring operating income | 76A | €100,000 | - | -€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,905 | €18,905 | +€0 | 0.0% |
| Other operating charges | 640/8 | €39,132 | €34,517 | -€4,615 | -11.8% |
| Gross operating margin | 9900 | €489,025 | €404,597 | -€84,428 | -17.3% |
| Operating profit (loss) | 9901 | €430,988 | €351,175 | -€79,813 | -18.5% |
| Financial charges | 65/66B | €7,832 | €6,092 | -€1,740 | -22.2% |
| Recurring financial charges | 65 | €7,824 | €5,997 | -€1,827 | -23.3% |
| Non-recurring financial charges | 66B | €8 | €95 | +€87 | +1,162% |
| Profit (loss) for the period before taxes | 9903 | €423,156 | €345,083 | -€78,073 | -18.5% |
| Income taxes | 67/77 | €111,310 | €74,250 | -€37,060 | -33.3% |
| Profit (loss) for the period | 9904 | €311,846 | €270,833 | -€41,013 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €311,846 | €270,833 | -€41,013 | -13.2% |
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.