Wan Connect: what changed
Wan Connect
Largest movements
- Stocks and contracts +€94,901
up €94,901 (+221%), from €42,989 to €137,891
- Receivables within one year -€20,624
down €20,624 (-7.0%), from €293,139 to €272,515
of which Trade receivables: -€28,954
- Deferred charges and accrued income -€19,135
down €19,135 (-100%), from €19,135 to €0
- Intangible fixed assets -€14,909
down €14,909 (-40.9%), from €36,409 to €21,500
- Tangible fixed assets -€14,117
down €14,117 (-38.7%), from €36,498 to €22,381
of which Plant, machinery and equipment: -€15,661
- Profit (loss) carried forward +€61,302
up €61,302, from -€38,307 to €22,995
- Accrued charges and deferred income -€51,581
down €51,581 (-26.5%), from €194,920 to €143,338
- Tax, wage and social debts +€42,878
up €42,878 (+169%), from €25,305 to €68,183
of which Taxes: +€33,640
- Current portion of long-term debt -€17,226
down €17,226 (-100%), from €17,226 to €0
- Gross operating margin +€174,707
up €174,707 (+135%), from €129,027 to €303,734
- Staff costs +€30,465
up €30,465 (+19.4%), from €156,727 to €187,192
- Taxes +€21,573
up €21,573 (+5,249%), from €411 to €21,984
- Financial income -€4,733
down €4,733 (-94.5%), from €5,009 to €277
- Depreciation +€3,369
up €3,369 (+12.0%), from €27,961 to €31,329
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,540 | €552,900 | +€30,360 | +5.8% |
| Formation expenses | 20 | €589 | €0 | -€589 | -100% |
| Fixed assets | 21/28 | €72,907 | €43,881 | -€29,026 | -39.8% |
| Intangible fixed assets | 21 | €36,409 | €21,500 | -€14,909 | -40.9% |
| Tangible fixed assets | 22/27 | €36,498 | €22,381 | -€14,117 | -38.7% |
| Plant, machinery and equipment | 23 | €36,498 | €20,837 | -€15,661 | -42.9% |
| Furniture and vehicles | 24 | - | €1,544 | +€1,544 | |
| Current assets | 29/58 | €449,044 | €509,019 | +€59,975 | +13.4% |
| Stocks and contracts in progress | 3 | €42,989 | €137,891 | +€94,901 | +221% |
| Stocks | 30/36 | €42,989 | €137,891 | +€94,901 | +221% |
| Amounts receivable within one year | 40/41 | €293,139 | €272,515 | -€20,624 | -7.0% |
| Trade receivables | 40 | €257,469 | €228,515 | -€28,954 | -11.2% |
| Other amounts receivable | 41 | €35,670 | €44,000 | +€8,330 | +23.4% |
| Cash at bank and in hand | 54/58 | €93,781 | €98,614 | +€4,833 | +5.2% |
| Deferred charges and accrued income | 490/1 | €19,135 | €0 | -€19,135 | -100% |
| Total equity and liabilities | 10/49 | €522,540 | €552,900 | +€30,360 | +5.8% |
| Equity | 10/15 | €190,293 | €251,595 | +€61,302 | +32.2% |
| Contributions | 10/11 | €228,600 | €228,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,307 | €22,995 | +€61,302 | |
| Amounts payable | 17/49 | €332,247 | €301,305 | -€30,942 | -9.3% |
| Amounts payable within one year | 42/48 | €137,327 | €157,967 | +€20,640 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €17,226 | €0 | -€17,226 | -100% |
| Trade debts | 44 | €94,796 | €89,783 | -€5,012 | -5.3% |
| Suppliers | 440/4 | €94,796 | €89,783 | -€5,012 | -5.3% |
| Taxes, remuneration and social security | 45 | €25,305 | €68,183 | +€42,878 | +169% |
| Taxes | 450/3 | €7,729 | €41,370 | +€33,640 | +435% |
| Remuneration and social security | 454/9 | €17,576 | €26,814 | +€9,238 | +52.6% |
| Accrued charges and deferred income | 492/3 | €194,920 | €143,338 | -€51,581 | -26.5% |
| Remuneration, social security and pensions | 62 | €156,727 | €187,192 | +€30,465 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,961 | €31,329 | +€3,369 | +12.0% |
| Other operating charges | 640/8 | €972 | €1,528 | +€555 | +57.1% |
| Gross operating margin | 9900 | €129,027 | €303,734 | +€174,707 | +135% |
| Operating profit (loss) | 9901 | -€56,633 | €83,685 | +€140,318 | |
| Financial income | 75/76B | €5,009 | €277 | -€4,733 | -94.5% |
| Recurring financial income | 75 | €5,009 | €277 | -€4,733 | -94.5% |
| Financial charges | 65/66B | €1,990 | €676 | -€1,314 | -66.0% |
| Recurring financial charges | 65 | €1,990 | €676 | -€1,314 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,614 | €83,286 | +€136,900 | |
| Income taxes | 67/77 | €411 | €21,984 | +€21,573 | +5,249% |
| Profit (loss) for the period | 9904 | -€54,025 | €61,302 | +€115,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,025 | €61,302 | +€115,327 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.