WANG 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.
WANG LI
Largest movements
- Tangible fixed assets -€161,680
down €161,680 (-16.7%), from €967,890 to €806,210
- Cash +€84,966
up €84,966 (+30.2%), from €281,800 to €366,766
mainly Depreciation (+€168,352) and Net result for the year (+€93,261)
- Receivables within one year +€40,021
up €40,021 (+31.1%), from €128,707 to €168,728
of which Other amounts receivable: +€27,656
- Debts after one year -€160,550
down €160,550 (-54.3%), from €295,767 to €135,217
of which Financial debts: -€158,698
- Reserves +€93,261
up €93,261 (+32.7%), from €285,009 to €378,270
of which Distributable reserves: +€88,158
- Tax, wage and social debts +€21,809
up €21,809 (+15.3%), from €142,650 to €164,460
of which Taxes: +€24,521
- Staff costs +€21,010
up €21,010 (+21.4%), from €97,981 to €118,991
- Gross operating margin -€20,032
down €20,032 (-4.1%), from €483,099 to €463,067
- Depreciation +€10,776
up €10,776 (+6.8%), from €157,576 to €168,352
- Taxes -€10,407
down €10,407 (-17.4%), from €59,737 to €49,330
- Financial charges -€7,241
down €7,241 (-26.2%), from €27,596 to €20,355
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,392,790 | €1,356,503 | -€36,287 | -2.6% |
| Fixed assets | 21/28 | €969,029 | €807,349 | -€161,680 | -16.7% |
| Tangible fixed assets | 22/27 | €967,890 | €806,210 | -€161,680 | -16.7% |
| Land and buildings | 22 | €679,949 | €607,463 | -€72,486 | -10.7% |
| Plant, machinery and equipment | 23 | €97,950 | €61,149 | -€36,800 | -37.6% |
| Furniture and vehicles | 24 | €71,193 | €52,330 | -€18,862 | -26.5% |
| Leasing and similar rights | 25 | €103,292 | €71,618 | -€31,674 | -30.7% |
| Other tangible fixed assets | 26 | €15,507 | €13,649 | -€1,858 | -12.0% |
| Financial fixed assets | 28 | €1,139 | €1,139 | = | 0.0% |
| Current assets | 29/58 | €423,761 | €549,154 | +€125,393 | +29.6% |
| Stocks and contracts in progress | 3 | €9,358 | €11,968 | +€2,611 | +27.9% |
| Stocks | 30/36 | €9,358 | €11,968 | +€2,611 | +27.9% |
| Amounts receivable within one year | 40/41 | €128,707 | €168,728 | +€40,021 | +31.1% |
| Trade receivables | 40 | €1,646 | €14,011 | +€12,365 | +751% |
| Other amounts receivable | 41 | €127,060 | €154,716 | +€27,656 | +21.8% |
| Cash at bank and in hand | 54/58 | €281,800 | €366,766 | +€84,966 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,898 | €1,692 | -€2,205 | -56.6% |
| Total equity and liabilities | 10/49 | €1,392,790 | €1,356,503 | -€36,287 | -2.6% |
| Equity | 10/15 | €785,009 | €878,270 | +€93,261 | +11.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €285,009 | €378,270 | +€93,261 | +32.7% |
| Non-distributable reserves | 130/1 | €21,262 | €26,365 | +€5,104 | +24.0% |
| Legal reserve | 130 | €21,262 | €26,365 | +€5,104 | +24.0% |
| Distributable reserves | 133 | €263,747 | €351,905 | +€88,158 | +33.4% |
| Amounts payable | 17/49 | €607,782 | €478,233 | -€129,549 | -21.3% |
| Amounts payable after more than one year | 17 | €295,767 | €135,217 | -€160,550 | -54.3% |
| Financial debts | 170/4 | €267,847 | €109,149 | -€158,698 | -59.2% |
| Other amounts payable | 178/9 | €27,920 | €26,068 | -€1,852 | -6.6% |
| Amounts payable within one year | 42/48 | €312,014 | €343,016 | +€31,001 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €16,031 | €16,651 | +€620 | +3.9% |
| Financial debts | 43 | €134,241 | €142,047 | +€7,807 | +5.8% |
| Credit institutions | 430/8 | €134,241 | €142,047 | +€7,807 | +5.8% |
| Trade debts | 44 | €19,093 | €19,858 | +€765 | +4.0% |
| Suppliers | 440/4 | €19,093 | €19,858 | +€765 | +4.0% |
| Taxes, remuneration and social security | 45 | €142,650 | €164,460 | +€21,809 | +15.3% |
| Taxes | 450/3 | €117,760 | €142,281 | +€24,521 | +20.8% |
| Remuneration and social security | 454/9 | €24,890 | €22,179 | -€2,712 | -10.9% |
| Remuneration, social security and pensions | 62 | €97,981 | €118,991 | +€21,010 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,576 | €168,352 | +€10,776 | +6.8% |
| Other operating charges | 640/8 | €18,525 | €12,825 | -€5,700 | -30.8% |
| Gross operating margin | 9900 | €483,099 | €463,067 | -€20,032 | -4.1% |
| Operating profit (loss) | 9901 | €209,016 | €162,898 | -€46,118 | -22.1% |
| Financial income | 75/76B | €89 | €48 | -€41 | -46.4% |
| Recurring financial income | 75 | €89 | €48 | -€41 | -46.4% |
| Financial charges | 65/66B | €27,596 | €20,355 | -€7,241 | -26.2% |
| Recurring financial charges | 65 | €27,596 | €20,355 | -€7,241 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €181,510 | €142,591 | -€38,918 | -21.4% |
| Income taxes | 67/77 | €59,737 | €49,330 | -€10,407 | -17.4% |
| Profit (loss) for the period | 9904 | €121,773 | €93,261 | -€28,511 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,773 | €93,261 | -€28,511 | -23.4% |
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 14 October 2026 via checked.be.