WENDEL CORP: 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.
WENDEL CORP
Largest movements
- Tangible fixed assets +€10,335
up €10,335 (+481%), from €2,149 to €12,484
of which Furniture and vehicles: +€8,915
- Receivables within one year +€7,733
up €7,733 (+359%), from €2,152 to €9,885
of which Trade receivables: +€5,145
- Intangible fixed assets -€5,000
down €5,000 (-12.4%), from €40,425 to €35,425
- Cash +€4,777
up €4,777 (+28.0%), from €17,072 to €21,849
mainly Net result for the year (+€22,783) and Other debts (+€15,040)
- Deferred charges and accrued income +€3,480
up €3,480, from €0 to €3,480
- Profit (loss) carried forward +€22,783
up €22,783 (+89.7%), from €25,403 to €48,185
- Other debts +€15,040
up €15,040 (+125%), from €12,074 to €27,114
- Trade debts -€7,426
down €7,426 (-86.7%), from €8,566 to €1,140
- Debts after one year -€2,866
down €2,866 (-100%), from €2,866 to €0
- Current portion of long-term debt -€2,620
down €2,620 (-47.8%), from €5,486 to €2,866
- Gross operating margin +€54,970
up €54,970, from -€19,101 to €35,868
- Depreciation +€4,319
up €4,319 (+81.1%), from €5,326 to €9,645
- Taxes +€1,013
up €1,013, from -€0 to €1,012
- Other operating charges +€936
new in 2025: €936
- Financial charges +€546
up €546 (+57.6%), from €947 to €1,493
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 | €61,798 | €83,123 | +€21,326 | +34.5% |
| Fixed assets | 21/28 | €42,574 | €47,909 | +€5,335 | +12.5% |
| Intangible fixed assets | 21 | €40,425 | €35,425 | -€5,000 | -12.4% |
| Tangible fixed assets | 22/27 | €2,149 | €12,484 | +€10,335 | +481% |
| Plant, machinery and equipment | 23 | - | €1,420 | +€1,420 | |
| Furniture and vehicles | 24 | €2,149 | €11,064 | +€8,915 | +415% |
| Current assets | 29/58 | €19,224 | €35,214 | +€15,991 | +83.2% |
| Amounts receivable within one year | 40/41 | €2,152 | €9,885 | +€7,733 | +359% |
| Trade receivables | 40 | €2,152 | €7,297 | +€5,145 | +239% |
| Other amounts receivable | 41 | - | €2,588 | +€2,588 | |
| Cash at bank and in hand | 54/58 | €17,072 | €21,849 | +€4,777 | +28.0% |
| Deferred charges and accrued income | 490/1 | €0 | €3,480 | +€3,480 | |
| Total equity and liabilities | 10/49 | €61,798 | €83,123 | +€21,326 | +34.5% |
| Equity | 10/15 | €26,403 | €49,185 | +€22,783 | +86.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,403 | €48,185 | +€22,783 | +89.7% |
| Amounts payable | 17/49 | €35,395 | €33,938 | -€1,457 | -4.1% |
| Amounts payable after more than one year | 17 | €2,866 | €0 | -€2,866 | -100% |
| Financial debts | 170/4 | €2,866 | €0 | -€2,866 | -100% |
| Amounts payable within one year | 42/48 | €32,529 | €33,934 | +€1,405 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €5,486 | €2,866 | -€2,620 | -47.8% |
| Financial debts | 43 | €2,854 | €1,086 | -€1,768 | -62.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,854 | €1,086 | -€1,768 | -62.0% |
| Trade debts | 44 | €8,566 | €1,140 | -€7,426 | -86.7% |
| Suppliers | 440/4 | €8,566 | €1,140 | -€7,426 | -86.7% |
| Taxes, remuneration and social security | 45 | €3,548 | €1,727 | -€1,821 | -51.3% |
| Taxes | 450/3 | €3,548 | €1,727 | -€1,821 | -51.3% |
| Other amounts payable | 47/48 | €12,074 | €27,114 | +€15,040 | +125% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,326 | €9,645 | +€4,319 | +81.1% |
| Other operating charges | 640/8 | - | €936 | +€936 | |
| Gross operating margin | 9900 | -€19,101 | €35,868 | +€54,970 | |
| Operating profit (loss) | 9901 | -€24,428 | €25,288 | +€49,715 | |
| Financial charges | 65/66B | €947 | €1,493 | +€546 | +57.6% |
| Recurring financial charges | 65 | €947 | €1,493 | +€546 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,375 | €23,795 | +€49,169 | |
| Income taxes | 67/77 | -€0 | €1,012 | +€1,013 | |
| Profit (loss) for the period | 9904 | -€25,374 | €22,783 | +€48,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,374 | €22,783 | +€48,157 |
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 17 October 2026 via checked.be.