WENDAMO: 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.
What changed
WENDAMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,678
2024 · -€40,213+€21,535
Equity
€2.1m
2024 · €1.4m+€690,210
Cash
€4,575
2024 · €5,451-€876
Balance sheet total
€10.2m
2024 · €9.7m+€422,116
Largest movements
Assets
- Tangible fixed assets +€382,871
up €382,871 (+4.0%), from €9.6m to €10.0m
of which Land and buildings: +€382,871
Equity and liabilities
- Revaluation surpluses +€675,400
new in 2025: €675,400
- Current portion of long-term debt -€296,155
down €296,155 (-45.0%), from €657,904 to €361,749
- Other debts +€225,734
up €225,734 (+46.8%), from €482,742 to €708,476
- Debts after one year -€208,597
down €208,597 (-3.7%), from €5.7m to €5.4m
of which Financial debts: -€208,597
- Trade debts +€142,385
up €142,385 (+46.6%), from €305,538 to €447,924
Income statement
- Other operating charges -€131,050
down €131,050 (-44.4%), from €295,414 to €164,364
- Gross operating margin -€49,048
down €49,048 (-5.9%), from €833,845 to €784,797
- Financial charges +€29,013
up €29,013 (+13.7%), from €212,543 to €241,556
- Taxes +€14,747
new in 2025: €14,747
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.
Result 2024
-€40,213
Gross operating margin
-€49,048
Staff costs
-€7,689
Depreciation
-€1,445
Other operating charges
+€131,050
Other operating items
-€10,729
Financial income
+€933
Financial charges
-€29,013
Taxes
-€14,747
Deferred taxes and other
+€2,224
Result 2025
-€18,678
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.
From operations
+€664,439
Investment
-€731,160
Financing
+€65,845
Cash 2024
€5,451
From operations (derived)
+€664,439
Net result for the year
-€18,678
Depreciation
+€348,289
Receivables within one year
-€15,359
Deferred charges and accrued income
-€24,761
Provisions
-€6,603
Trade debts
+€142,385
Tax, wage and social debts
+€13,432
Other debts
+€225,734
Investment (derived)
-€731,160
Investment in fixed assets (net)
-€731,160
Financing
+€65,845
Debts after one year
-€208,597
Current portion of long-term debt
-€296,155
Short-term financial debts
-€138,290
Contributions, distributions and other
+€708,888
Cash 2025
€4,575
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,739,563 | €10,161,678 | +€422,116 | +4.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €9,627,212 | €10,010,083 | +€382,871 | +4.0% |
| Tangible fixed assets | 22/27 | €9,627,212 | €10,010,083 | +€382,871 | +4.0% |
| Land and buildings | 22 | €9,627,212 | €10,010,083 | +€382,871 | +4.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €112,351 | €151,595 | +€39,245 | +34.9% |
| Amounts receivable within one year | 40/41 | €106,900 | €122,259 | +€15,359 | +14.4% |
| Trade receivables | 40 | €836 | - | -€836 | |
| Other amounts receivable | 41 | €106,064 | €122,259 | +€16,195 | +15.3% |
| Cash at bank and in hand | 54/58 | €5,451 | €4,575 | -€876 | -16.1% |
| Deferred charges and accrued income | 490/1 | - | €24,761 | +€24,761 | |
| Total equity and liabilities | 10/49 | €9,739,563 | €10,161,678 | +€422,116 | +4.3% |
| Equity | 10/15 | €1,416,848 | €2,107,058 | +€690,210 | +48.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Outside capital | 11 | €60,000 | - | -€60,000 | |
| Other | 1109/19 | €60,000 | - | -€60,000 | |
| Revaluation surpluses | 12 | - | €675,400 | +€675,400 | |
| Reserves | 13 | €1,356,848 | €1,371,658 | +€14,810 | +1.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €535,372 | €517,005 | -€18,367 | -3.4% |
| Distributable reserves | 133 | €811,476 | €844,653 | +€33,177 | +4.1% |
| Provisions and deferred taxes | 16 | €204,289 | €197,686 | -€6,603 | -3.2% |
| Deferred taxes | 168 | €204,289 | €197,686 | -€6,603 | -3.2% |
| Amounts payable | 17/49 | €8,118,426 | €7,856,935 | -€261,491 | -3.2% |
| Amounts payable after more than one year | 17 | €5,658,176 | €5,449,579 | -€208,597 | -3.7% |
| Financial debts | 170/4 | €5,510,174 | €5,301,577 | -€208,597 | -3.8% |
| Other amounts payable | 178/9 | €148,002 | €148,002 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,460,249 | €2,407,355 | -€52,894 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €657,904 | €361,749 | -€296,155 | -45.0% |
| Financial debts | 43 | €941,492 | €803,202 | -€138,290 | -14.7% |
| Credit institutions | 430/8 | €941,492 | €803,202 | -€138,290 | -14.7% |
| Trade debts | 44 | €305,538 | €447,924 | +€142,385 | +46.6% |
| Suppliers | 440/4 | €305,538 | €447,924 | +€142,385 | +46.6% |
| Taxes, remuneration and social security | 45 | €72,572 | €86,004 | +€13,432 | +18.5% |
| Taxes | 450/3 | €65,199 | €70,523 | +€5,324 | +8.2% |
| Remuneration and social security | 454/9 | €7,373 | €15,482 | +€8,108 | +110.0% |
| Other amounts payable | 47/48 | €482,742 | €708,476 | +€225,734 | +46.8% |
| Remuneration, social security and pensions | 62 | €23,637 | €31,326 | +€7,689 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346,843 | €348,289 | +€1,445 | +0.4% |
| Other operating charges | 640/8 | €295,414 | €164,364 | -€131,050 | -44.4% |
| Non-recurring operating charges | 66A | - | €10,729 | +€10,729 | |
| Gross operating margin | 9900 | €833,845 | €784,797 | -€49,048 | -5.9% |
| Operating profit (loss) | 9901 | €167,951 | €230,089 | +€62,139 | +37.0% |
| Financial income | 75/76B | - | €933 | +€933 | |
| Recurring financial income | 75 | - | €933 | +€933 | |
| Financial charges | 65/66B | €212,543 | €241,556 | +€29,013 | +13.7% |
| Recurring financial charges | 65 | €212,543 | €241,556 | +€29,013 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,593 | -€10,534 | +€34,058 | +76.4% |
| Transfer from deferred taxes | 780 | €4,379 | €6,603 | +€2,224 | +50.8% |
| Income taxes | 67/77 | - | €14,747 | +€14,747 | |
| Profit (loss) for the period | 9904 | -€40,213 | -€18,678 | +€21,535 | +53.6% |
| Transfer from tax-exempt reserves | 789 | €10,425 | €18,367 | +€7,942 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,788 | -€311 | +€29,478 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.