WEN management: 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.
WEN management
Largest movements
- Receivables within one year +€40,808
up €40,808 (+72.5%), from €56,303 to €97,110
of which Other amounts receivable: +€37,208
- Tangible fixed assets -€2,279
down €2,279 (-12.7%), from €17,943 to €15,664
- Deferred charges and accrued income -€1,300
down €1,300 (-100.0%), from €1,300 to €0
- Reserves +€31,946
up €31,946 (+61.6%), from €51,881 to €83,828
- Trade debts +€4,605
up €4,605 (+3624.5%), from €127 to €4,732
- Tax, wage and social debts +€1,953
up €1,953 (+15.1%), from €12,970 to €14,923
- Gross operating margin +€5,570
up €5,570 (+14.8%), from €37,616 to €43,186
- Taxes +€1,055
up €1,055 (+15.2%), from €6,931 to €7,987
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 | €76,107 | €113,261 | +€37,154 | +48.8% |
| Fixed assets | 21/28 | €17,943 | €15,664 | -€2,279 | -12.7% |
| Tangible fixed assets | 22/27 | €17,943 | €15,664 | -€2,279 | -12.7% |
| Other tangible fixed assets | 26 | €17,943 | €15,664 | -€2,279 | -12.7% |
| Current assets | 29/58 | €58,164 | €97,597 | +€39,433 | +67.8% |
| Amounts receivable within one year | 40/41 | €56,303 | €97,110 | +€40,808 | +72.5% |
| Trade receivables | 40 | €49,900 | €53,500 | +€3,600 | +7.2% |
| Other amounts receivable | 41 | €6,403 | €43,610 | +€37,208 | +581.1% |
| Cash at bank and in hand | 54/58 | €561 | €487 | -€74 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,300 | €0 | -€1,300 | -100.0% |
| Total equity and liabilities | 10/49 | €76,107 | €113,261 | +€37,154 | +48.8% |
| Equity | 10/15 | €56,881 | €88,828 | +€31,946 | +56.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,881 | €83,828 | +€31,946 | +61.6% |
| Distributable reserves | 133 | €51,881 | €83,828 | +€31,946 | +61.6% |
| Amounts payable | 17/49 | €19,225 | €24,433 | +€5,208 | +27.1% |
| Amounts payable within one year | 42/48 | €19,225 | €24,433 | +€5,208 | +27.1% |
| Trade debts | 44 | €127 | €4,732 | +€4,605 | +3624.5% |
| Suppliers | 440/4 | €127 | €4,732 | +€4,605 | +3624.5% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,970 | €14,923 | +€1,953 | +15.1% |
| Taxes | 450/3 | €12,970 | €14,923 | +€1,953 | +15.1% |
| Other amounts payable | 47/48 | €5,128 | €4,778 | -€350 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,279 | €2,279 | = | 0.0% |
| Other operating charges | 640/8 | €611 | €889 | +€278 | +45.5% |
| Gross operating margin | 9900 | €37,616 | €43,186 | +€5,570 | +14.8% |
| Operating profit (loss) | 9901 | €34,726 | €40,018 | +€5,292 | +15.2% |
| Financial charges | 65/66B | €70 | €85 | +€15 | +21.2% |
| Recurring financial charges | 65 | €70 | €85 | +€15 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €34,656 | €39,933 | +€5,277 | +15.2% |
| Income taxes | 67/77 | €6,931 | €7,987 | +€1,055 | +15.2% |
| Profit (loss) for the period | 9904 | €27,725 | €31,946 | +€4,222 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,725 | €31,946 | +€4,222 | +15.2% |
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 7 October 2026 via checked.be.