WAN LI: 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.
WAN LI
Largest movements
- Receivables within one year -€47,099
down €47,099 (-39.7%), from €118,737 to €71,639
of which Trade receivables: -€39,304
- Cash +€12,623
up €12,623 (+99.7%), from €12,667 to €25,290
mainly Receivables within one year (+€47,099) and Depreciation (+€13,370)
- Tangible fixed assets -€8,553
down €8,553 (-43.4%), from €19,709 to €11,157
of which Plant, machinery and equipment: -€8,057
- Stocks and contracts -€5,747
down €5,747 (-58.2%), from €9,880 to €4,134
- Intangible fixed assets -€4,545
down €4,545 (-39.6%), from €11,468 to €6,923
- Advances received -€48,900
down €48,900 (-97.8%), from €50,000 to €1,100
- Profit (loss) carried forward -€13,374
down €13,374 (-71.6%), from -€18,691 to -€32,065
- Trade debts +€11,229
up €11,229 (+66.9%), from €16,794 to €28,023
- Current portion of long-term debt -€3,003
no longer reported in 2025 (was €3,003)
- Tax, wage and social debts +€1,752
up €1,752 (+13.8%), from €12,657 to €14,409
of which Remuneration and social security: +€4,280
- Staff costs +€11,214
up €11,214 (+36.3%), from €30,878 to €42,092
- Gross operating margin -€10,039
down €10,039 (-16.1%), from €62,513 to €52,474
- Taxes +€2,323
up €2,323 (+331.9%), from €700 to €3,023
- Other operating charges +€2,297
up €2,297 (+76.1%), from €3,018 to €5,315
- Depreciation -€2,046
down €2,046 (-13.3%), from €15,415 to €13,370
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 | €172,463 | €119,143 | -€53,320 | -30.9% |
| Fixed assets | 21/28 | €31,178 | €18,080 | -€13,098 | -42.0% |
| Intangible fixed assets | 21 | €11,468 | €6,923 | -€4,545 | -39.6% |
| Tangible fixed assets | 22/27 | €19,709 | €11,157 | -€8,553 | -43.4% |
| Plant, machinery and equipment | 23 | €18,555 | €10,497 | -€8,057 | -43.4% |
| Furniture and vehicles | 24 | €1,155 | €659 | -€495 | -42.9% |
| Current assets | 29/58 | €141,285 | €101,062 | -€40,222 | -28.5% |
| Stocks and contracts in progress | 3 | €9,880 | €4,134 | -€5,747 | -58.2% |
| Stocks | 30/36 | €9,880 | €4,134 | -€5,747 | -58.2% |
| Amounts receivable within one year | 40/41 | €118,737 | €71,639 | -€47,099 | -39.7% |
| Trade receivables | 40 | €51,415 | €12,111 | -€39,304 | -76.4% |
| Other amounts receivable | 41 | €67,323 | €59,528 | -€7,795 | -11.6% |
| Cash at bank and in hand | 54/58 | €12,667 | €25,290 | +€12,623 | +99.7% |
| Total equity and liabilities | 10/49 | €172,463 | €119,143 | -€53,320 | -30.9% |
| Equity | 10/15 | €82,769 | €69,395 | -€13,374 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,860 | €82,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,691 | -€32,065 | -€13,374 | -71.6% |
| Amounts payable | 17/49 | €89,694 | €49,748 | -€39,946 | -44.5% |
| Amounts payable after more than one year | 17 | €1,616 | €1,616 | = | 0.0% |
| Financial debts | 170/4 | €1,616 | €1,616 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,078 | €48,132 | -€39,946 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €3,003 | - | -€3,003 | |
| Trade debts | 44 | €16,794 | €28,023 | +€11,229 | +66.9% |
| Suppliers | 440/4 | €16,794 | €28,023 | +€11,229 | +66.9% |
| Advances received on contracts in progress | 46 | €50,000 | €1,100 | -€48,900 | -97.8% |
| Taxes, remuneration and social security | 45 | €12,657 | €14,409 | +€1,752 | +13.8% |
| Taxes | 450/3 | €11,947 | €9,419 | -€2,528 | -21.2% |
| Remuneration and social security | 454/9 | €710 | €4,990 | +€4,280 | +602.8% |
| Other amounts payable | 47/48 | €5,624 | €4,600 | -€1,024 | -18.2% |
| Remuneration, social security and pensions | 62 | €30,878 | €42,092 | +€11,214 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,415 | €13,370 | -€2,046 | -13.3% |
| Other operating charges | 640/8 | €3,018 | €5,315 | +€2,297 | +76.1% |
| Gross operating margin | 9900 | €62,513 | €52,474 | -€10,039 | -16.1% |
| Operating profit (loss) | 9901 | €13,202 | -€8,303 | -€21,505 | |
| Financial charges | 65/66B | €35 | €2,048 | +€2,013 | +5730.0% |
| Recurring financial charges | 65 | €35 | €2,048 | +€2,013 | +5730.0% |
| Profit (loss) for the period before taxes | 9903 | €13,167 | -€10,351 | -€23,517 | |
| Income taxes | 67/77 | €700 | €3,023 | +€2,323 | +331.9% |
| Profit (loss) for the period | 9904 | €12,467 | -€13,374 | -€25,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,467 | -€13,374 | -€25,841 |
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 9 October 2026 via checked.be.