WANDELTUIN: 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.
WANDELTUIN
Largest movements
- Receivables within one year +€18,212
up €18,212 (+47.3%), from €38,509 to €56,721
of which Other amounts receivable: +€18,784
- Tangible fixed assets +€15,140
up €15,140 (+12.7%), from €119,385 to €134,525
of which Leasing and similar rights: +€28,427
- Debts after one year +€11,935
up €11,935 (+110.3%), from €10,816 to €22,750
- Profit (loss) carried forward +€9,982
up €9,982 (+19.5%), from €51,303 to €61,286
- Current portion of long-term debt +€6,281
up €6,281 (+59.6%), from €10,538 to €16,819
- Other debts +€5,094
up €5,094 (+32.3%), from €15,753 to €20,847
- Trade debts +€2,349
up €2,349 (+19.5%), from €12,065 to €14,413
- Depreciation +€5,950
up €5,950 (+43.9%), from €13,566 to €19,516
- Gross operating margin +€2,066
up €2,066 (+6.3%), from €32,969 to €35,034
- Taxes -€1,216
down €1,216 (-31.8%), from €3,822 to €2,607
- Financial income +€830
up €830 (+47.8%), from €1,735 to €2,565
- Financial charges +€705
up €705 (+53.5%), from €1,318 to €2,023
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 | €161,717 | €195,660 | +€33,943 | +21.0% |
| Fixed assets | 21/28 | €119,385 | €134,525 | +€15,140 | +12.7% |
| Tangible fixed assets | 22/27 | €119,385 | €134,525 | +€15,140 | +12.7% |
| Land and buildings | 22 | €97,808 | €91,978 | -€5,830 | -6.0% |
| Plant, machinery and equipment | 23 | €20,945 | €13,818 | -€7,126 | -34.0% |
| Furniture and vehicles | 24 | €632 | €302 | -€331 | -52.3% |
| Leasing and similar rights | 25 | - | €28,427 | +€28,427 | |
| Current assets | 29/58 | €42,332 | €61,136 | +€18,804 | +44.4% |
| Amounts receivable within one year | 40/41 | €38,509 | €56,721 | +€18,212 | +47.3% |
| Trade receivables | 40 | €572 | - | -€572 | |
| Other amounts receivable | 41 | €37,936 | €56,721 | +€18,784 | +49.5% |
| Cash at bank and in hand | 54/58 | €2,132 | €2,789 | +€657 | +30.8% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,626 | -€65 | -3.9% |
| Total equity and liabilities | 10/49 | €161,717 | €195,660 | +€33,943 | +21.0% |
| Equity | 10/15 | €103,921 | €113,903 | +€9,982 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,017 | €34,017 | = | 0.0% |
| Distributable reserves | 133 | €34,017 | €34,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,303 | €61,286 | +€9,982 | +19.5% |
| Amounts payable | 17/49 | €57,796 | €81,758 | +€23,961 | +41.5% |
| Amounts payable after more than one year | 17 | €10,816 | €22,750 | +€11,935 | +110.3% |
| Financial debts | 170/4 | €10,816 | €22,750 | +€11,935 | +110.3% |
| Amounts payable within one year | 42/48 | €46,981 | €58,834 | +€11,853 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €10,538 | €16,819 | +€6,281 | +59.6% |
| Trade debts | 44 | €12,065 | €14,413 | +€2,349 | +19.5% |
| Suppliers | 440/4 | €12,065 | €14,413 | +€2,349 | +19.5% |
| Taxes, remuneration and social security | 45 | €8,625 | €6,755 | -€1,870 | -21.7% |
| Taxes | 450/3 | €7,968 | €6,440 | -€1,528 | -19.2% |
| Remuneration and social security | 454/9 | €657 | €315 | -€342 | -52.1% |
| Other amounts payable | 47/48 | €15,753 | €20,847 | +€5,094 | +32.3% |
| Accrued charges and deferred income | 492/3 | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,566 | €19,516 | +€5,950 | +43.9% |
| Other operating charges | 640/8 | €2,811 | €3,471 | +€661 | +23.5% |
| Gross operating margin | 9900 | €32,969 | €35,034 | +€2,066 | +6.3% |
| Operating profit (loss) | 9901 | €16,592 | €12,047 | -€4,545 | -27.4% |
| Financial income | 75/76B | €1,735 | €2,565 | +€830 | +47.8% |
| Recurring financial income | 75 | €1,735 | €2,565 | +€830 | +47.8% |
| Financial charges | 65/66B | €1,318 | €2,023 | +€705 | +53.5% |
| Recurring financial charges | 65 | €1,318 | €2,023 | +€705 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €17,009 | €12,589 | -€4,420 | -26.0% |
| Income taxes | 67/77 | €3,822 | €2,607 | -€1,216 | -31.8% |
| Profit (loss) for the period | 9904 | €13,187 | €9,982 | -€3,205 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,187 | €9,982 | -€3,205 | -24.3% |
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.