SEPHI GROUPE WANZE: what changed
SEPHI GROUPE WANZE
Largest movements
- Receivables within one year -€21,587
down €21,587 (-12.9%), from €167,969 to €146,382
of which Trade receivables: -€18,742
- Cash +€8,395
up €8,395 (+8.4%), from €100,345 to €108,741
mainly Net result for the year (+€23,406) and Receivables within one year (+€21,587)
- Tangible fixed assets -€7,852
down €7,852 (-29.0%), from €27,037 to €19,185
of which Furniture and vehicles: -€6,555
- Deferred charges and accrued income -€5,737
down €5,737 (-78.6%), from €7,300 to €1,564
- Trade debts -€53,537
down €53,537 (-41.2%), from €129,836 to €76,299
- Profit (loss) carried forward +€16,197
up €16,197 (+16.1%), from €100,638 to €116,835
- Tax, wage and social debts +€13,600
up €13,600 (+56.3%), from €24,170 to €37,770
of which Taxes: +€17,138
- Debts after one year -€4,176
down €4,176 (-29.3%), from €14,250 to €10,074
- Gross operating margin +€87,129
up €87,129 (+71.9%), from €121,143 to €208,271
- Staff costs +€40,578
up €40,578 (+40.3%), from €100,721 to €141,299
- Write-downs +€16,087
new in 2025: €16,087
- Taxes +€7,148
up €7,148 (+1,953%), from €366 to €7,514
- Other operating charges +€6,105
up €6,105 (+135%), from €4,527 to €10,632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,952 | €276,172 | -€26,780 | -8.8% |
| Fixed assets | 21/28 | €27,337 | €19,485 | -€7,852 | -28.7% |
| Tangible fixed assets | 22/27 | €27,037 | €19,185 | -€7,852 | -29.0% |
| Furniture and vehicles | 24 | €23,292 | €16,737 | -€6,555 | -28.1% |
| Other tangible fixed assets | 26 | €3,746 | €2,449 | -€1,297 | -34.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €275,615 | €256,686 | -€18,928 | -6.9% |
| Amounts receivable within one year | 40/41 | €167,969 | €146,382 | -€21,587 | -12.9% |
| Trade receivables | 40 | €158,310 | €139,568 | -€18,742 | -11.8% |
| Other amounts receivable | 41 | €9,659 | €6,814 | -€2,846 | -29.5% |
| Cash at bank and in hand | 54/58 | €100,345 | €108,741 | +€8,395 | +8.4% |
| Deferred charges and accrued income | 490/1 | €7,300 | €1,564 | -€5,737 | -78.6% |
| Total equity and liabilities | 10/49 | €302,952 | €276,172 | -€26,780 | -8.8% |
| Equity | 10/15 | €130,695 | €146,892 | +€16,197 | +12.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €23,859 | €23,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €21,859 | €21,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,638 | €116,835 | +€16,197 | +16.1% |
| Amounts payable | 17/49 | €172,257 | €129,280 | -€42,977 | -24.9% |
| Amounts payable after more than one year | 17 | €14,250 | €10,074 | -€4,176 | -29.3% |
| Financial debts | 170/4 | €14,250 | €10,074 | -€4,176 | -29.3% |
| Amounts payable within one year | 42/48 | €158,007 | €119,206 | -€38,801 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €4,001 | €4,176 | +€175 | +4.4% |
| Trade debts | 44 | €129,836 | €76,299 | -€53,537 | -41.2% |
| Suppliers | 440/4 | €129,836 | €76,299 | -€53,537 | -41.2% |
| Taxes, remuneration and social security | 45 | €24,170 | €37,770 | +€13,600 | +56.3% |
| Taxes | 450/3 | €283 | €17,421 | +€17,138 | +6,054% |
| Remuneration and social security | 454/9 | €23,887 | €20,349 | -€3,538 | -14.8% |
| Other amounts payable | 47/48 | €0 | €961 | +€961 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €100,721 | €141,299 | +€40,578 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,319 | €7,852 | +€533 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,087 | +€16,087 | |
| Other operating charges | 640/8 | €4,527 | €10,632 | +€6,105 | +135% |
| Gross operating margin | 9900 | €121,143 | €208,271 | +€87,129 | +71.9% |
| Operating profit (loss) | 9901 | €8,576 | €32,401 | +€23,825 | +278% |
| Financial income | 75/76B | €1,573 | €333 | -€1,240 | -78.8% |
| Recurring financial income | 75 | €1,573 | €333 | -€1,240 | -78.8% |
| Financial charges | 65/66B | €3,548 | €1,815 | -€1,734 | -48.9% |
| Recurring financial charges | 65 | €3,548 | €1,815 | -€1,734 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €6,600 | €30,920 | +€24,319 | +368% |
| Income taxes | 67/77 | €366 | €7,514 | +€7,148 | +1,953% |
| Profit (loss) for the period | 9904 | €6,234 | €23,406 | +€17,172 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €6,234 | €23,406 | +€17,172 | +275% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.