WENCA: 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.
WENCA
Largest movements
- Receivables after one year +€125,000
new in 2025: €125,000
- Receivables within one year -€99,533
down €99,533 (-99.3%), from €100,231 to €698
of which Other amounts receivable: -€96,415
- Tangible fixed assets -€41,613
down €41,613 (-8.1%), from €515,373 to €473,759
- Cash +€15,196
up €15,196 (+601%), from €2,528 to €17,724
mainly Receivables within one year (+€99,533) and Depreciation (+€89,005)
- Debts after one year -€28,520
down €28,520 (-27.2%), from €104,860 to €76,340
- Reserves +€22,805
up €22,805 (+5.3%), from €427,662 to €450,467
of which Distributable reserves: +€22,805
- Tax, wage and social debts +€21,483
up €21,483 (+258%), from €8,326 to €29,809
of which Taxes: +€18,797
- Short-term financial debts -€20,885
down €20,885 (-86.3%), from €24,189 to €3,304
- Staff costs -€24,151
down €24,151 (-17.8%), from €135,939 to €111,788
- Depreciation +€20,658
up €20,658 (+30.2%), from €68,347 to €89,005
- Gross operating margin +€16,793
up €16,793 (+7.5%), from €223,108 to €239,901
- Taxes +€8,048
up €8,048 (+617%), from €1,305 to €9,352
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 | €624,657 | €625,246 | +€589 | +0.1% |
| Fixed assets | 21/28 | €515,373 | €473,759 | -€41,613 | -8.1% |
| Tangible fixed assets | 22/27 | €515,373 | €473,759 | -€41,613 | -8.1% |
| Land and buildings | 22 | €177,090 | €169,555 | -€7,535 | -4.3% |
| Plant, machinery and equipment | 23 | €35,264 | €26,189 | -€9,075 | -25.7% |
| Furniture and vehicles | 24 | €103,019 | €93,687 | -€9,332 | -9.1% |
| Other tangible fixed assets | 26 | €199,999 | €184,328 | -€15,672 | -7.8% |
| Current assets | 29/58 | €109,284 | €151,486 | +€42,202 | +38.6% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Stocks and contracts in progress | 3 | €2,000 | €2,500 | +€500 | +25.0% |
| Stocks | 30/36 | €2,000 | €2,500 | +€500 | +25.0% |
| Amounts receivable within one year | 40/41 | €100,231 | €698 | -€99,533 | -99.3% |
| Trade receivables | 40 | €3,167 | €49 | -€3,118 | -98.4% |
| Other amounts receivable | 41 | €97,064 | €649 | -€96,415 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,528 | €17,724 | +€15,196 | +601% |
| Deferred charges and accrued income | 490/1 | €4,525 | €5,564 | +€1,039 | +23.0% |
| Total equity and liabilities | 10/49 | €624,657 | €625,246 | +€589 | +0.1% |
| Equity | 10/15 | €446,262 | €469,067 | +€22,805 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,662 | €450,467 | +€22,805 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,318 | €19,318 | = | 0.0% |
| Distributable reserves | 133 | €406,484 | €429,289 | +€22,805 | +5.6% |
| Amounts payable | 17/49 | €178,395 | €156,179 | -€22,216 | -12.5% |
| Amounts payable after more than one year | 17 | €104,860 | €76,340 | -€28,520 | -27.2% |
| Financial debts | 170/4 | €104,860 | €76,340 | -€28,520 | -27.2% |
| Amounts payable within one year | 42/48 | €73,535 | €79,390 | +€5,855 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €27,788 | €28,520 | +€732 | +2.6% |
| Financial debts | 43 | €24,189 | €3,304 | -€20,885 | -86.3% |
| Credit institutions | 430/8 | €24,189 | €3,304 | -€20,885 | -86.3% |
| Trade debts | 44 | €12,432 | €15,716 | +€3,284 | +26.4% |
| Suppliers | 440/4 | €12,432 | €15,716 | +€3,284 | +26.4% |
| Advances received on contracts in progress | 46 | €800 | €800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,326 | €29,809 | +€21,483 | +258% |
| Taxes | 450/3 | €4,284 | €23,082 | +€18,797 | +439% |
| Remuneration and social security | 454/9 | €4,042 | €6,727 | +€2,685 | +66.4% |
| Other amounts payable | 47/48 | - | €1,240 | +€1,240 | |
| Accrued charges and deferred income | 492/3 | - | €449 | +€449 | |
| Remuneration, social security and pensions | 62 | €135,939 | €111,788 | -€24,151 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,347 | €89,005 | +€20,658 | +30.2% |
| Other operating charges | 640/8 | €3,882 | €2,868 | -€1,014 | -26.1% |
| Gross operating margin | 9900 | €223,108 | €239,901 | +€16,793 | +7.5% |
| Operating profit (loss) | 9901 | €14,941 | €36,240 | +€21,299 | +143% |
| Financial income | 75/76B | €3,965 | €3,283 | -€682 | -17.2% |
| Recurring financial income | 75 | €3,965 | €3,283 | -€682 | -17.2% |
| Financial charges | 65/66B | €6,677 | €7,366 | +€689 | +10.3% |
| Recurring financial charges | 65 | €6,677 | €7,366 | +€689 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €12,229 | €32,157 | +€19,929 | +163% |
| Income taxes | 67/77 | €1,305 | €9,352 | +€8,048 | +617% |
| Profit (loss) for the period | 9904 | €10,924 | €22,805 | +€11,881 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €10,924 | €22,805 | +€11,881 | +109% |
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 16 October 2026 via checked.be.