WACKENIER: 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.
WACKENIER
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€69,814
up €69,814 (+47.8%), from €146,067 to €215,881
mainly Current investments (+€150,000) and Depreciation (+€83,050)
- Tangible fixed assets -€38,655
down €38,655 (-6.4%), from €600,613 to €561,959
- Deferred charges and accrued income -€10,554
down €10,554 (-100.0%), from €10,554 to €0
- Other debts -€76,796
down €76,796 (-26.8%), from €286,196 to €209,399
- Debts after one year -€60,861
down €60,861 (-21.3%), from €285,120 to €224,259
- Reserves +€39,591
up €39,591 (+14.7%), from €269,823 to €309,414
- Accrued charges and deferred income -€16,203
down €16,203 (-57.5%), from €28,167 to €11,964
- Tax, wage and social debts -€13,115
down €13,115 (-46.9%), from €27,953 to €14,838
- Gross operating margin +€30,183
up €30,183 (+17.4%), from €173,804 to €203,988
- Depreciation +€9,875
up €9,875 (+13.5%), from €73,175 to €83,050
- Taxes +€7,489
up €7,489 (+39.1%), from €19,136 to €26,625
- Financial charges -€6,462
down €6,462 (-17.8%), from €36,340 to €29,878
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 | €1,004,701 | €879,803 | -€124,898 | -12.4% |
| Fixed assets | 21/28 | €600,613 | €561,959 | -€38,655 | -6.4% |
| Tangible fixed assets | 22/27 | €600,613 | €561,959 | -€38,655 | -6.4% |
| Land and buildings | 22 | €474,776 | €458,218 | -€16,557 | -3.5% |
| Plant, machinery and equipment | 23 | €64,661 | €51,348 | -€13,313 | -20.6% |
| Furniture and vehicles | 24 | €61,176 | €52,392 | -€8,784 | -14.4% |
| Current assets | 29/58 | €404,088 | €317,845 | -€86,243 | -21.3% |
| Stocks and contracts in progress | 3 | €65,261 | €74,895 | +€9,634 | +14.8% |
| Stocks | 30/36 | €65,261 | €74,895 | +€9,634 | +14.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €32,206 | €27,069 | -€5,137 | -15.9% |
| Trade receivables | 40 | €30,471 | €24,722 | -€5,749 | -18.9% |
| Other amounts receivable | 41 | €1,735 | €2,347 | +€612 | +35.3% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €146,067 | €215,881 | +€69,814 | +47.8% |
| Deferred charges and accrued income | 490/1 | €10,554 | €0 | -€10,554 | -100.0% |
| Total equity and liabilities | 10/49 | €1,004,701 | €879,803 | -€124,898 | -12.4% |
| Equity | 10/15 | €276,023 | €315,614 | +€39,591 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €269,823 | €309,414 | +€39,591 | +14.7% |
| Distributable reserves | 133 | €269,823 | €309,414 | +€39,591 | +14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €728,678 | €564,189 | -€164,488 | -22.6% |
| Amounts payable after more than one year | 17 | €285,120 | €224,259 | -€60,861 | -21.3% |
| Financial debts | 170/4 | €285,120 | €224,259 | -€60,861 | -21.3% |
| Amounts payable within one year | 42/48 | €415,390 | €327,966 | -€87,425 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €80,106 | €85,476 | +€5,370 | +6.7% |
| Trade debts | 44 | €21,136 | €18,252 | -€2,883 | -13.6% |
| Suppliers | 440/4 | €21,136 | €18,252 | -€2,883 | -13.6% |
| Taxes, remuneration and social security | 45 | €27,953 | €14,838 | -€13,115 | -46.9% |
| Taxes | 450/3 | €27,953 | €14,838 | -€13,115 | -46.9% |
| Other amounts payable | 47/48 | €286,196 | €209,399 | -€76,796 | -26.8% |
| Accrued charges and deferred income | 492/3 | €28,167 | €11,964 | -€16,203 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,175 | €83,050 | +€9,875 | +13.5% |
| Other operating charges | 640/8 | €11,050 | €11,740 | +€690 | +6.2% |
| Gross operating margin | 9900 | €173,804 | €203,988 | +€30,183 | +17.4% |
| Operating profit (loss) | 9901 | €89,579 | €109,197 | +€19,618 | +21.9% |
| Financial income | 75/76B | €3,458 | €2,561 | -€897 | -25.9% |
| Recurring financial income | 75 | €3,458 | €2,561 | -€897 | -25.9% |
| Financial charges | 65/66B | €36,340 | €29,878 | -€6,462 | -17.8% |
| Recurring financial charges | 65 | €36,340 | €29,878 | -€6,462 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €56,697 | €81,880 | +€25,183 | +44.4% |
| Income taxes | 67/77 | €19,136 | €26,625 | +€7,489 | +39.1% |
| Profit (loss) for the period | 9904 | €37,560 | €55,254 | +€17,694 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,560 | €55,254 | +€17,694 | +47.1% |
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.