WENDY THEUNIS: 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.
WENDY THEUNIS
Largest movements
- Tangible fixed assets -€13,555
down €13,555 (-19.1%), from €71,071 to €57,515
of which Furniture and vehicles: -€11,152
- Cash +€3,178
up €3,178 (+9.6%), from €33,130 to €36,309
mainly Depreciation (+€15,254) and Net result for the year (+€2,597)
- Receivables within one year +€1,439
up €1,439 (+7.5%), from €19,165 to €20,603
- Other debts -€9,825
down €9,825 (-37.7%), from €26,050 to €16,225
- Reserves +€2,597
up €2,597 (+3.0%), from €85,853 to €88,450
of which Distributable reserves: +€4,457
- Gross operating margin +€3,933
up €3,933 (+23.4%), from €16,780 to €20,713
- Taxes +€531
up €531 (+77.1%), from €689 to €1,219
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 | €131,105 | €122,667 | -€8,438 | -6.4% |
| Fixed assets | 21/28 | €71,071 | €57,515 | -€13,555 | -19.1% |
| Tangible fixed assets | 22/27 | €71,071 | €57,515 | -€13,555 | -19.1% |
| Land and buildings | 22 | €31,809 | €28,293 | -€3,516 | -11.1% |
| Plant, machinery and equipment | 23 | €1,484 | €2,596 | +€1,113 | +75.0% |
| Furniture and vehicles | 24 | €37,778 | €26,626 | -€11,152 | -29.5% |
| Current assets | 29/58 | €60,034 | €65,151 | +€5,117 | +8.5% |
| Amounts receivable within one year | 40/41 | €19,165 | €20,603 | +€1,439 | +7.5% |
| Other amounts receivable | 41 | €19,165 | €20,603 | +€1,439 | +7.5% |
| Cash at bank and in hand | 54/58 | €33,130 | €36,309 | +€3,178 | +9.6% |
| Deferred charges and accrued income | 490/1 | €7,739 | €8,240 | +€500 | +6.5% |
| Total equity and liabilities | 10/49 | €131,105 | €122,667 | -€8,438 | -6.4% |
| Equity | 10/15 | €101,153 | €103,750 | +€2,597 | +2.6% |
| Contributions | 10/11 | €15,300 | €15,300 | = | 0.0% |
| Reserves | 13 | €85,853 | €88,450 | +€2,597 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €83,993 | €88,450 | +€4,457 | +5.3% |
| Amounts payable | 17/49 | €29,952 | €18,917 | -€11,035 | -36.8% |
| Amounts payable within one year | 42/48 | €29,952 | €18,917 | -€11,035 | -36.8% |
| Trade debts | 44 | €1,156 | €931 | -€225 | -19.4% |
| Suppliers | 440/4 | €1,156 | €931 | -€225 | -19.4% |
| Taxes, remuneration and social security | 45 | €2,746 | €1,761 | -€985 | -35.9% |
| Taxes | 450/3 | €2,746 | €1,761 | -€985 | -35.9% |
| Other amounts payable | 47/48 | €26,050 | €16,225 | -€9,825 | -37.7% |
| Non-recurring operating income | 76A | - | €2,625 | +€2,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,375 | €15,254 | -€121 | -0.8% |
| Other operating charges | 640/8 | €1,402 | €1,534 | +€132 | +9.4% |
| Gross operating margin | 9900 | €16,780 | €20,713 | +€3,933 | +23.4% |
| Operating profit (loss) | 9901 | €3 | €3,924 | +€3,921 | +123,308% |
| Financial income | 75/76B | €6 | €1 | -€5 | -79.7% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -79.7% |
| Financial charges | 65/66B | €118 | €110 | -€8 | -6.9% |
| Recurring financial charges | 65 | €118 | €110 | -€8 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€108 | €3,816 | +€3,924 | |
| Income taxes | 67/77 | €689 | €1,219 | +€531 | +77.1% |
| Profit (loss) for the period | 9904 | -€797 | €2,597 | +€3,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€797 | €2,597 | +€3,394 |
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 23 October 2026 via checked.be.