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.
WANDA
Largest movements
- Receivables within one year -€37,391
down €37,391 (-15.2%), from €246,251 to €208,859
of which Other amounts receivable: -€31,195
- Current investments -€24,351
down €24,351 (-31.1%), from €78,209 to €53,858
- Cash -€8,129
down €8,129 (-63.8%), from €12,732 to €4,603
mainly Contributions, distributions and other (-€86,000) and Tax, wage and social debts (-€14,484)
- Reserves -€48,434
down €48,434 (-13.7%), from €352,348 to €303,914
- Tax, wage and social debts -€14,484
down €14,484 (-72.8%), from €19,891 to €5,407
- Other debts -€8,000
down €8,000 (-8.5%), from €94,000 to €86,000
- Trade debts +€7,401
up €7,401 (+192.8%), from €3,838 to €11,239
- Gross operating margin -€66,878
down €66,878 (-77.2%), from €86,601 to €19,723
- Financial income +€18,193
up €18,193 (+111.2%), from €16,362 to €34,555
- Taxes -€13,854
down €13,854 (-59.8%), from €23,161 to €9,307
- Depreciation +€954
up €954 (+42.1%), from €2,264 to €3,218
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 | €488,677 | €426,160 | -€62,517 | -12.8% |
| Fixed assets | 21/28 | €28,296 | €32,460 | +€4,164 | +14.7% |
| Tangible fixed assets | 22/27 | €28,296 | €32,460 | +€4,164 | +14.7% |
| Land and buildings | 22 | €4,774 | €4,674 | -€100 | -2.1% |
| Furniture and vehicles | 24 | €4,822 | €2,702 | -€2,121 | -44.0% |
| Other tangible fixed assets | 26 | €18,700 | €25,085 | +€6,385 | +34.1% |
| Current assets | 29/58 | €460,382 | €393,700 | -€66,682 | -14.5% |
| Amounts receivable after more than one year | 29 | €123,190 | €126,380 | +€3,190 | +2.6% |
| Other amounts receivable | 291 | €123,190 | €126,380 | +€3,190 | +2.6% |
| Amounts receivable within one year | 40/41 | €246,251 | €208,859 | -€37,391 | -15.2% |
| Trade receivables | 40 | €21,025 | €14,829 | -€6,196 | -29.5% |
| Other amounts receivable | 41 | €225,226 | €194,031 | -€31,195 | -13.9% |
| Current investments | 50/53 | €78,209 | €53,858 | -€24,351 | -31.1% |
| Cash at bank and in hand | 54/58 | €12,732 | €4,603 | -€8,129 | -63.8% |
| Total equity and liabilities | 10/49 | €488,677 | €426,160 | -€62,517 | -12.8% |
| Equity | 10/15 | €370,948 | €322,514 | -€48,434 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,348 | €303,914 | -€48,434 | -13.7% |
| Distributable reserves | 133 | €352,348 | €303,914 | -€48,434 | -13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,729 | €103,646 | -€14,084 | -12.0% |
| Amounts payable within one year | 42/48 | €117,729 | €102,646 | -€15,084 | -12.8% |
| Trade debts | 44 | €3,838 | €11,239 | +€7,401 | +192.8% |
| Suppliers | 440/4 | €3,838 | €11,239 | +€7,401 | +192.8% |
| Taxes, remuneration and social security | 45 | €19,891 | €5,407 | -€14,484 | -72.8% |
| Taxes | 450/3 | €19,891 | €5,407 | -€14,484 | -72.8% |
| Other amounts payable | 47/48 | €94,000 | €86,000 | -€8,000 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,264 | €3,218 | +€954 | +42.1% |
| Other operating charges | 640/8 | €938 | €1,324 | +€386 | +41.2% |
| Gross operating margin | 9900 | €86,601 | €19,723 | -€66,878 | -77.2% |
| Operating profit (loss) | 9901 | €83,399 | €15,181 | -€68,218 | -81.8% |
| Financial income | 75/76B | €16,362 | €34,555 | +€18,193 | +111.2% |
| Recurring financial income | 75 | €16,362 | €34,555 | +€18,193 | +111.2% |
| Financial charges | 65/66B | €2,378 | €2,863 | +€485 | +20.4% |
| Recurring financial charges | 65 | €2,378 | €2,863 | +€485 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €97,383 | €46,873 | -€50,510 | -51.9% |
| Income taxes | 67/77 | €23,161 | €9,307 | -€13,854 | -59.8% |
| Profit (loss) for the period | 9904 | €74,222 | €37,566 | -€36,656 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,222 | €37,566 | -€36,656 | -49.4% |
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 1 October 2026 via checked.be.