Wanzeele: 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.
Wanzeele
Largest movements
- Tangible fixed assets -€30,441
down €30,441 (-13.1%), from €232,207 to €201,767
of which Land and buildings: -€22,990
- Receivables within one year +€13,931
up €13,931 (+92.7%), from €15,029 to €28,959
- Profit (loss) carried forward -€7,683
down €7,683 (-13.6%), from €56,590 to €48,907
- Reserves -€5,015
down €5,015 (-2.6%), from €192,762 to €187,747
of which Tax-exempt reserves: -€5,015
- Gross operating margin +€7,513
up €7,513 (+113.0%), from €6,648 to €14,160
- Depreciation +€6,792
up €6,792 (+28.7%), from €23,649 to €30,441
- Other operating charges -€1,530
down €1,530 (-77.7%), from €1,969 to €439
- Financial income -€636
down €636 (-26.4%), from €2,414 to €1,778
- Taxes +€150
up €150 (+129.2%), from €116 to €266
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 | €308,189 | €290,868 | -€17,322 | -5.6% |
| Fixed assets | 21/28 | €232,207 | €201,767 | -€30,441 | -13.1% |
| Tangible fixed assets | 22/27 | €232,207 | €201,767 | -€30,441 | -13.1% |
| Land and buildings | 22 | €203,191 | €180,200 | -€22,990 | -11.3% |
| Plant, machinery and equipment | 23 | €12,418 | €10,593 | -€1,825 | -14.7% |
| Furniture and vehicles | 24 | €16,599 | €10,973 | -€5,625 | -33.9% |
| Current assets | 29/58 | €75,982 | €89,101 | +€13,119 | +17.3% |
| Amounts receivable after more than one year | 29 | €59,258 | €59,258 | = | 0.0% |
| Other amounts receivable | 291 | €59,258 | €59,258 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,029 | €28,959 | +€13,931 | +92.7% |
| Other amounts receivable | 41 | €15,029 | €28,959 | +€13,931 | +92.7% |
| Cash at bank and in hand | 54/58 | €570 | €264 | -€306 | -53.7% |
| Deferred charges and accrued income | 490/1 | €1,126 | €620 | -€505 | -44.9% |
| Total equity and liabilities | 10/49 | €308,189 | €290,868 | -€17,322 | -5.6% |
| Equity | 10/15 | €267,943 | €255,246 | -€12,698 | -4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €192,762 | €187,747 | -€5,015 | -2.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,448 | €58,433 | -€5,015 | -7.9% |
| Distributable reserves | 133 | €127,455 | €127,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,590 | €48,907 | -€7,683 | -13.6% |
| Provisions and deferred taxes | 16 | €37,844 | €35,262 | -€2,582 | -6.8% |
| Deferred taxes | 168 | €37,844 | €35,262 | -€2,582 | -6.8% |
| Amounts payable | 17/49 | €2,402 | €361 | -€2,042 | -85.0% |
| Amounts payable within one year | 42/48 | €402 | €361 | -€42 | -10.4% |
| Taxes, remuneration and social security | 45 | €402 | €361 | -€42 | -10.4% |
| Taxes | 450/3 | €402 | €361 | -€42 | -10.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,649 | €30,441 | +€6,792 | +28.7% |
| Other operating charges | 640/8 | €1,969 | €439 | -€1,530 | -77.7% |
| Gross operating margin | 9900 | €6,648 | €14,160 | +€7,513 | +113.0% |
| Operating profit (loss) | 9901 | -€18,971 | -€16,720 | +€2,251 | +11.9% |
| Financial income | 75/76B | €2,414 | €1,778 | -€636 | -26.4% |
| Recurring financial income | 75 | €2,414 | €1,778 | -€636 | -26.4% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,624 | -€15,014 | +€1,610 | +9.7% |
| Transfer from deferred taxes | 780 | €1,899 | €2,582 | +€683 | +36.0% |
| Income taxes | 67/77 | €116 | €266 | +€150 | +129.2% |
| Profit (loss) for the period | 9904 | -€14,840 | -€12,698 | +€2,143 | +14.4% |
| Transfer from tax-exempt reserves | 789 | €5,698 | €5,015 | -€683 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,143 | -€7,683 | +€1,460 | +16.0% |
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 29 September 2026 via checked.be.