Wanaka Partners: 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.
What changed
Wanaka Partners
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€396,291
2024 · €3.9m-€3.5m
Equity
€10.3m
2024 · €9.9m+€396,291
Cash
€58,659
2024 · €30,440+€28,219
Balance sheet total
€12.1m
2024 · €11.4m+€755,447
Largest movements
Assets
- Receivables within one year +€661,378
up €661,378 (+1,646%), from €40,186 to €701,564
of which Other amounts receivable: +€521,533
Equity and liabilities
- Reserves +€396,291
up €396,291 (+5.3%), from €7.5m to €7.9m
of which Distributable reserves: +€396,291
- Other debts +€370,551
up €370,551 (+85.9%), from €431,192 to €801,743
- Debts after one year -€193,960
down €193,960 (-25.3%), from €767,915 to €573,955
Income statement
- Financial income -€3.7m
down €3.7m (-93.7%), from €4.0m to €251,511
- Gross operating margin +€505,994
up €505,994 (+248%), from €203,754 to €709,748
- Staff costs +€249,453
up €249,453 (+131%), from €189,912 to €439,365
- Taxes +€53,275
up €53,275 (+691%), from €7,705 to €60,980
- Financial charges +€30,202
up €30,202 (+94.7%), from €31,896 to €62,098
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.
Result 2024
€3.9m
Gross operating margin
+€505,994
Staff costs
-€249,453
Depreciation
-€1,331
Other operating charges
+€243
Financial income
-€3.7m
Financial charges
-€30,202
Taxes
-€53,275
Result 2025
€396,291
raises the resultlowers the result
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.
From operations
+€269,240
Investment
-€54,456
Financing
-€186,566
Cash 2024
€30,440
From operations (derived)
+€269,240
Net result for the year
+€396,291
Depreciation
+€1,331
Receivables within one year
-€661,378
Deferred charges and accrued income
-€12,725
Trade debts
+€90,290
Tax, wage and social debts
+€63,566
Other debts
+€370,551
Accrued charges and deferred income
+€21,315
Investment (derived)
-€54,456
Investment in fixed assets (net)
-€54,456
Financing
-€186,566
Debts after one year
-€193,960
Current portion of long-term debt
+€7,395
Cash 2025
€58,659
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,364,101 | €12,119,547 | +€755,447 | +6.6% |
| Fixed assets | 21/28 | €11,207,105 | €11,260,229 | +€53,124 | +0.5% |
| Intangible fixed assets | 21 | - | €6,527 | +€6,527 | |
| Tangible fixed assets | 22/27 | - | €1,597 | +€1,597 | |
| Furniture and vehicles | 24 | - | €1,597 | +€1,597 | |
| Financial fixed assets | 28 | €11,207,105 | €11,252,105 | +€45,000 | +0.4% |
| Current assets | 29/58 | €156,996 | €859,318 | +€702,323 | +447% |
| Amounts receivable after more than one year | 29 | €64,469 | €64,469 | = | 0.0% |
| Other amounts receivable | 291 | €64,469 | €64,469 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,186 | €701,564 | +€661,378 | +1,646% |
| Trade receivables | 40 | €38,152 | €177,997 | +€139,845 | +367% |
| Other amounts receivable | 41 | €2,034 | €523,567 | +€521,533 | +25,640% |
| Cash at bank and in hand | 54/58 | €30,440 | €58,659 | +€28,219 | +92.7% |
| Deferred charges and accrued income | 490/1 | €21,901 | €34,626 | +€12,725 | +58.1% |
| Total equity and liabilities | 10/49 | €11,364,101 | €12,119,547 | +€755,447 | +6.6% |
| Equity | 10/15 | €9,916,118 | €10,312,409 | +€396,291 | +4.0% |
| Contributions | 10/11 | €2,436,000 | €2,436,000 | = | 0.0% |
| Capital | 10 | €2,436,000 | €2,436,000 | = | 0.0% |
| Issued capital | 100 | €2,436,000 | €2,436,000 | = | 0.0% |
| Reserves | 13 | €7,480,118 | €7,876,409 | +€396,291 | +5.3% |
| Non-distributable reserves | 130/1 | €243,600 | €243,600 | = | 0.0% |
| Legal reserve | 130 | €243,600 | €243,600 | = | 0.0% |
| Distributable reserves | 133 | €7,236,518 | €7,632,809 | +€396,291 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,447,983 | €1,807,139 | +€359,156 | +24.8% |
| Amounts payable after more than one year | 17 | €767,915 | €573,955 | -€193,960 | -25.3% |
| Financial debts | 170/4 | €767,915 | €573,955 | -€193,960 | -25.3% |
| Amounts payable within one year | 42/48 | €679,033 | €1,210,834 | +€531,800 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €186,566 | €193,960 | +€7,395 | +4.0% |
| Trade debts | 44 | €22,667 | €112,956 | +€90,290 | +398% |
| Suppliers | 440/4 | €22,667 | €112,956 | +€90,290 | +398% |
| Taxes, remuneration and social security | 45 | €38,608 | €102,174 | +€63,566 | +165% |
| Taxes | 450/3 | €17,814 | €72,229 | +€54,416 | +305% |
| Remuneration and social security | 454/9 | €20,795 | €29,945 | +€9,150 | +44.0% |
| Other amounts payable | 47/48 | €431,192 | €801,743 | +€370,551 | +85.9% |
| Accrued charges and deferred income | 492/3 | €1,035 | €22,351 | +€21,315 | +2,059% |
| Remuneration, social security and pensions | 62 | €189,912 | €439,365 | +€249,453 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,331 | +€1,331 | |
| Other operating charges | 640/8 | €1,436 | €1,193 | -€243 | -16.9% |
| Gross operating margin | 9900 | €203,754 | €709,748 | +€505,994 | +248% |
| Operating profit (loss) | 9901 | €12,405 | €267,858 | +€255,453 | +2,059% |
| Financial income | 75/76B | €3,968,415 | €251,511 | -€3.7m | -93.7% |
| Recurring financial income | 75 | €3,968,415 | €251,511 | -€3.7m | -93.7% |
| Financial charges | 65/66B | €31,896 | €62,098 | +€30,202 | +94.7% |
| Recurring financial charges | 65 | €31,896 | €62,098 | +€30,202 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €3,948,925 | €457,271 | -€3.5m | -88.4% |
| Income taxes | 67/77 | €7,705 | €60,980 | +€53,275 | +691% |
| Profit (loss) for the period | 9904 | €3,941,219 | €396,291 | -€3.5m | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,941,219 | €396,291 | -€3.5m | -89.9% |
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 28 October 2026 via checked.be.