WEN-S: 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.
WEN-S
Largest movements
- Intangible fixed assets -€241,500
no longer reported in 2025 (was €241,500)
- Deferred charges and accrued income -€29,588
down €29,588 (-87.9%), from €33,653 to €4,066
- Financial fixed assets +€14,792
up €14,792 (+7,112%), from €208 to €15,000
- Receivables within one year -€14,128
no longer reported in 2025 (was €14,128)
- Tangible fixed assets -€8,730
down €8,730 (-65.8%), from €13,268 to €4,538
of which Furniture and vehicles: -€5,047
- Debts after one year -€234,364
no longer reported in 2025 (was €234,364)
- Current portion of long-term debt -€28,098
no longer reported in 2025 (was €28,098)
- Reserves -€17,603
down €17,603 (-18.5%), from €95,251 to €77,649
- Gross operating margin +€72,353
up €72,353 (+30.1%), from €240,313 to €312,666
- Staff costs -€68,918
down €68,918 (-59.1%), from €116,697 to €47,780
- Taxes +€43,693
up €43,693 (+228%), from €19,181 to €62,874
- Depreciation -€27,797
down €27,797 (-96.0%), from €28,951 to €1,154
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 | €399,813 | €114,882 | -€284,931 | -71.3% |
| Fixed assets | 21/28 | €254,976 | €19,538 | -€235,438 | -92.3% |
| Intangible fixed assets | 21 | €241,500 | - | -€241,500 | |
| Tangible fixed assets | 22/27 | €13,268 | €4,538 | -€8,730 | -65.8% |
| Plant, machinery and equipment | 23 | €5,323 | €1,641 | -€3,683 | -69.2% |
| Furniture and vehicles | 24 | €7,945 | €2,897 | -€5,047 | -63.5% |
| Financial fixed assets | 28 | €208 | €15,000 | +€14,792 | +7,112% |
| Current assets | 29/58 | €144,837 | €95,344 | -€49,493 | -34.2% |
| Amounts receivable within one year | 40/41 | €14,128 | - | -€14,128 | |
| Other amounts receivable | 41 | €14,128 | - | -€14,128 | |
| Cash at bank and in hand | 54/58 | €97,057 | €91,279 | -€5,778 | -6.0% |
| Deferred charges and accrued income | 490/1 | €33,653 | €4,066 | -€29,588 | -87.9% |
| Total equity and liabilities | 10/49 | €399,813 | €114,882 | -€284,931 | -71.3% |
| Equity | 10/15 | €105,251 | €87,649 | -€17,603 | -16.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €95,251 | €77,649 | -€17,603 | -18.5% |
| Distributable reserves | 133 | €95,251 | €77,649 | -€17,603 | -18.5% |
| Amounts payable | 17/49 | €294,562 | €27,234 | -€267,328 | -90.8% |
| Amounts payable after more than one year | 17 | €234,364 | - | -€234,364 | |
| Financial debts | 170/4 | €234,364 | - | -€234,364 | |
| Amounts payable within one year | 42/48 | €58,738 | €27,201 | -€31,537 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €28,098 | - | -€28,098 | |
| Trade debts | 44 | €4,057 | €1,982 | -€2,075 | -51.2% |
| Suppliers | 440/4 | €4,057 | €1,982 | -€2,075 | -51.2% |
| Taxes, remuneration and social security | 45 | €26,314 | €24,472 | -€1,842 | -7.0% |
| Taxes | 450/3 | €8,720 | €24,472 | +€15,752 | +181% |
| Remuneration and social security | 454/9 | €17,594 | - | -€17,594 | |
| Other amounts payable | 47/48 | €268 | €747 | +€479 | +178% |
| Accrued charges and deferred income | 492/3 | €1,461 | €33 | -€1,427 | -97.7% |
| Remuneration, social security and pensions | 62 | €116,697 | €47,780 | -€68,918 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,951 | €1,154 | -€27,797 | -96.0% |
| Other operating charges | 640/8 | €2,596 | €1,452 | -€1,143 | -44.0% |
| Gross operating margin | 9900 | €240,313 | €312,666 | +€72,353 | +30.1% |
| Operating profit (loss) | 9901 | €92,070 | €262,281 | +€170,211 | +185% |
| Financial income | 75/76B | €550 | €1,177 | +€627 | +114% |
| Recurring financial income | 75 | €550 | €1,177 | +€627 | +114% |
| Financial charges | 65/66B | €8,297 | €5,288 | -€3,008 | -36.3% |
| Recurring financial charges | 65 | €8,297 | €5,288 | -€3,008 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €84,324 | €258,170 | +€173,846 | +206% |
| Income taxes | 67/77 | €19,181 | €62,874 | +€43,693 | +228% |
| Profit (loss) for the period | 9904 | €65,143 | €195,296 | +€130,153 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €65,143 | €195,296 | +€130,153 | +200% |
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 25 October 2026 via checked.be.