WANDA: 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.
What changed
WANDA
NACE 68.110, Buying and selling of own real estate
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€148,164
2025 · €6,628-€154,792
Equity
€3.3m
2025 · €3.5m-€148,164
Cash
€553,092
2025 · €575,355-€22,263
Balance sheet total
€5.3m
2025 · €4.2m+€1.0m
Largest movements
Assets
- Stocks and contracts +€1.5m
up €1.5m (+406.1%), from €360,380 to €1.8m
- Receivables after one year -€279,391
down €279,391 (-100.0%), from €279,391 to €0
- Receivables within one year -€81,868
down €81,868 (-74.0%), from €110,560 to €28,693
of which Other amounts receivable: -€76,268
Equity and liabilities
- Other debts +€1.2m
up €1.2m (+294.5%), from €400,949 to €1.6m
- Profit (loss) carried forward -€134,498
down €134,498 (-9.8%), from €1.4m to €1.2m
Income statement
- Gross operating margin -€80,226
down €80,226 (-40.8%), from €196,503 to €116,277
- Other operating charges +€72,623
up €72,623 (+153.0%), from €47,469 to €120,093
- Financial income -€21,615
down €21,615 (-98.5%), from €21,949 to €335
- Depreciation -€15,137
down €15,137 (-9.6%), from €158,443 to €143,307
- Taxes -€4,915
down €4,915 (-57.2%), from €8,586 to €3,671
From the 2025 result to the 2026 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 2025
€6,628
Gross operating margin
-€80,226
Depreciation
+€15,137
Other operating charges
-€72,623
Financial income
-€21,615
Financial charges
-€379
Taxes
+€4,915
Result 2026
-€148,164
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€75,019
Investment
-€97,281
Financing
€0
Cash 2025
€575,355
From operations (derived)
+€75,019
Net result for the year
-€148,164
Depreciation
+€143,307
Receivables after one year
+€279,391
Stocks and contracts
-€1.5m
Receivables within one year
+€81,868
Deferred charges and accrued income
+€3,553
Provisions
-€4,556
Trade debts
+€5,742
Tax, wage and social debts
-€17,407
Other debts
+€1.2m
Accrued charges and deferred income
+€14,375
Investment (derived)
-€97,281
Investment in fixed assets (net)
-€97,281
Cash 2026
€553,092
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,235,017 | €5,265,601 | +€1.0m | +24.3% |
| Fixed assets | 21/28 | €2,890,394 | €2,844,369 | -€46,025 | -1.6% |
| Tangible fixed assets | 22/27 | €2,890,394 | €2,844,369 | -€46,025 | -1.6% |
| Land and buildings | 22 | €2,628,270 | €2,531,880 | -€96,390 | -3.7% |
| Plant, machinery and equipment | 23 | €4,657 | €9,610 | +€4,953 | +106.4% |
| Furniture and vehicles | 24 | €247,930 | €297,871 | +€49,941 | +20.1% |
| Other tangible fixed assets | 26 | €9,537 | €5,007 | -€4,529 | -47.5% |
| Current assets | 29/58 | €1,344,624 | €2,421,233 | +€1.1m | +80.1% |
| Amounts receivable after more than one year | 29 | €279,391 | €0 | -€279,391 | -100.0% |
| Other amounts receivable | 291 | €279,391 | €0 | -€279,391 | -100.0% |
| Stocks and contracts in progress | 3 | €360,380 | €1,824,064 | +€1.5m | +406.1% |
| Stocks | 30/36 | €360,380 | €1,824,064 | +€1.5m | +406.1% |
| Amounts receivable within one year | 40/41 | €110,560 | €28,693 | -€81,868 | -74.0% |
| Trade receivables | 40 | €29,750 | €24,150 | -€5,599 | -18.8% |
| Other amounts receivable | 41 | €80,810 | €4,542 | -€76,268 | -94.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €575,355 | €553,092 | -€22,263 | -3.9% |
| Deferred charges and accrued income | 490/1 | €18,938 | €15,384 | -€3,553 | -18.8% |
| Total equity and liabilities | 10/49 | €4,235,017 | €5,265,601 | +€1.0m | +24.3% |
| Equity | 10/15 | €3,483,119 | €3,334,954 | -€148,164 | -4.3% |
| Contributions | 10/11 | €137,431 | €137,431 | = | 0.0% |
| Capital | 10 | €137,431 | €137,431 | = | 0.0% |
| Issued capital | 100 | €137,431 | €137,431 | = | 0.0% |
| Reserves | 13 | €1,970,044 | €1,956,377 | -€13,667 | -0.7% |
| Non-distributable reserves | 130/1 | €81,742 | €81,742 | = | 0.0% |
| Legal reserve | 130 | €81,742 | €81,742 | = | 0.0% |
| Tax-exempt reserves | 132 | €979,180 | €965,513 | -€13,667 | -1.4% |
| Distributable reserves | 133 | €909,122 | €909,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,375,644 | €1,241,146 | -€134,498 | -9.8% |
| Provisions and deferred taxes | 16 | €313,893 | €309,338 | -€4,556 | -1.5% |
| Deferred taxes | 168 | €313,893 | €309,338 | -€4,556 | -1.5% |
| Amounts payable | 17/49 | €438,006 | €1,621,310 | +€1.2m | +270.2% |
| Amounts payable within one year | 42/48 | €432,413 | €1,601,342 | +€1.2m | +270.3% |
| Trade debts | 44 | €6,863 | €12,605 | +€5,742 | +83.7% |
| Suppliers | 440/4 | €6,863 | €12,605 | +€5,742 | +83.7% |
| Advances received on contracts in progress | 46 | €420 | €420 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,181 | €6,774 | -€17,407 | -72.0% |
| Taxes | 450/3 | €22,681 | €6,774 | -€15,907 | -70.1% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €400,949 | €1,581,542 | +€1.2m | +294.5% |
| Accrued charges and deferred income | 492/3 | €5,593 | €19,968 | +€14,375 | +257.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,443 | €143,307 | -€15,137 | -9.6% |
| Other operating charges | 640/8 | €47,469 | €120,093 | +€72,623 | +153.0% |
| Gross operating margin | 9900 | €196,503 | €116,277 | -€80,226 | -40.8% |
| Operating profit (loss) | 9901 | -€9,410 | -€147,123 | -€137,713 | -1463.5% |
| Financial income | 75/76B | €21,949 | €335 | -€21,615 | -98.5% |
| Recurring financial income | 75 | €21,949 | €335 | -€21,615 | -98.5% |
| Financial charges | 65/66B | €1,882 | €2,262 | +€379 | +20.2% |
| Recurring financial charges | 65 | €1,882 | €2,262 | +€379 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €10,657 | -€149,049 | -€159,707 | |
| Transfer from deferred taxes | 780 | €4,556 | €4,556 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €8,586 | €3,671 | -€4,915 | -57.2% |
| Profit (loss) for the period | 9904 | €6,628 | -€148,164 | -€154,792 | |
| Transfer from tax-exempt reserves | 789 | €13,667 | €13,667 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €20,294 | -€134,498 | -€154,792 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.