Wendies: 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.
Wendies
Largest movements
- Intangible fixed assets -€38,429
down €38,429 (-21.8%), from €176,034 to €137,606
- Stocks and contracts -€23,189
down €23,189 (-11.0%), from €210,015 to €186,826
- Tangible fixed assets -€13,350
down €13,350 (-39.2%), from €34,057 to €20,707
of which Other tangible fixed assets: -€13,000
- Cash -€7,280
down €7,280 (-36.1%), from €20,155 to €12,875
mainly Debts after one year (-€58,905) and Net result for the year (-€12,667)
- Receivables within one year +€5,049
up €5,049 (+207.8%), from €2,429 to €7,478
- Debts after one year -€58,905
down €58,905 (-19.6%), from €300,026 to €241,121
- Profit (loss) carried forward -€12,667
down €12,667 (-35.2%), from €35,976 to €23,309
- Trade debts -€6,474
down €6,474 (-61.3%), from €10,561 to €4,087
- Gross operating margin -€43,960
down €43,960 (-44.0%), from €99,894 to €55,935
- Write-downs -€12,692
down €12,692 (-48.8%), from €26,015 to €13,323
- Taxes -€4,144
down €4,144 (-96.9%), from €4,276 to €132
- Financial charges -€1,511
down €1,511 (-16.4%), from €9,223 to €7,713
- Financial income -€1,212
down €1,212 (-18.6%), from €6,499 to €5,288
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 | €443,474 | €366,318 | -€77,156 | -17.4% |
| Fixed assets | 21/28 | €210,091 | €158,313 | -€51,778 | -24.6% |
| Intangible fixed assets | 21 | €176,034 | €137,606 | -€38,429 | -21.8% |
| Tangible fixed assets | 22/27 | €34,057 | €20,707 | -€13,350 | -39.2% |
| Furniture and vehicles | 24 | €506 | €156 | -€350 | -69.1% |
| Other tangible fixed assets | 26 | €33,551 | €20,551 | -€13,000 | -38.7% |
| Current assets | 29/58 | €233,383 | €208,005 | -€25,378 | -10.9% |
| Stocks and contracts in progress | 3 | €210,015 | €186,826 | -€23,189 | -11.0% |
| Stocks | 30/36 | €210,015 | €186,826 | -€23,189 | -11.0% |
| Amounts receivable within one year | 40/41 | €2,429 | €7,478 | +€5,049 | +207.8% |
| Trade receivables | 40 | €2,429 | €7,478 | +€5,049 | +207.8% |
| Cash at bank and in hand | 54/58 | €20,155 | €12,875 | -€7,280 | -36.1% |
| Deferred charges and accrued income | 490/1 | €783 | €825 | +€42 | +5.3% |
| Total equity and liabilities | 10/49 | €443,474 | €366,318 | -€77,156 | -17.4% |
| Equity | 10/15 | €60,976 | €48,309 | -€12,667 | -20.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,976 | €23,309 | -€12,667 | -35.2% |
| Amounts payable | 17/49 | €382,498 | €318,008 | -€64,490 | -16.9% |
| Amounts payable after more than one year | 17 | €300,026 | €241,121 | -€58,905 | -19.6% |
| Financial debts | 170/4 | €300,026 | €241,121 | -€58,905 | -19.6% |
| Amounts payable within one year | 42/48 | €80,814 | €75,051 | -€5,763 | -7.1% |
| Financial debts | 43 | €44,529 | €45,992 | +€1,463 | +3.3% |
| Credit institutions | 430/8 | €44,529 | €45,992 | +€1,463 | +3.3% |
| Trade debts | 44 | €10,561 | €4,087 | -€6,474 | -61.3% |
| Suppliers | 440/4 | €10,561 | €4,087 | -€6,474 | -61.3% |
| Taxes, remuneration and social security | 45 | €12,307 | €13,113 | +€807 | +6.6% |
| Taxes | 450/3 | €12,307 | €13,113 | +€807 | +6.6% |
| Other amounts payable | 47/48 | €13,418 | €11,859 | -€1,558 | -11.6% |
| Accrued charges and deferred income | 492/3 | €1,658 | €1,836 | +€178 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,778 | €51,778 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,015 | €13,323 | -€12,692 | -48.8% |
| Other operating charges | 640/8 | €666 | €944 | +€277 | +41.6% |
| Gross operating margin | 9900 | €99,894 | €55,935 | -€43,960 | -44.0% |
| Operating profit (loss) | 9901 | €21,435 | -€10,110 | -€31,545 | |
| Financial income | 75/76B | €6,499 | €5,288 | -€1,212 | -18.6% |
| Recurring financial income | 75 | €6,499 | €5,288 | -€1,212 | -18.6% |
| Financial charges | 65/66B | €9,223 | €7,713 | -€1,511 | -16.4% |
| Recurring financial charges | 65 | €9,223 | €7,713 | -€1,511 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €18,711 | -€12,535 | -€31,245 | |
| Income taxes | 67/77 | €4,276 | €132 | -€4,144 | -96.9% |
| Profit (loss) for the period | 9904 | €14,435 | -€12,667 | -€27,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,435 | -€12,667 | -€27,102 |
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 4 October 2026 via checked.be.