WENDY TONNET: 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 TONNET
Largest movements
- Cash +€12,705
up €12,705 (+34.8%), from €36,535 to €49,240
mainly Net result for the year (+€58,625) and Depreciation (+€7,075)
- Tangible fixed assets -€3,820
down €3,820 (-1.9%), from €198,301 to €194,482
of which Land and buildings: -€3,864
- Reserves +€14,019
up €14,019 (+11.7%), from €119,474 to €133,493
- Debts after one year -€7,870
down €7,870 (-5.4%), from €146,223 to €138,352
- Gross operating margin +€16,066
up €16,066 (+23.4%), from €68,562 to €84,628
- Taxes +€3,628
up €3,628 (+30.0%), from €12,092 to €15,719
- Financial income +€1,558
new in 2025: €1,558
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 | €288,264 | €299,621 | +€11,356 | +3.9% |
| Fixed assets | 21/28 | €198,301 | €194,482 | -€3,820 | -1.9% |
| Tangible fixed assets | 22/27 | €198,301 | €194,482 | -€3,820 | -1.9% |
| Land and buildings | 22 | €182,052 | €178,189 | -€3,864 | -2.1% |
| Plant, machinery and equipment | 23 | €10,498 | €12,108 | +€1,611 | +15.3% |
| Furniture and vehicles | 24 | €5,751 | €4,185 | -€1,566 | -27.2% |
| Current assets | 29/58 | €89,963 | €105,139 | +€15,176 | +16.9% |
| Amounts receivable within one year | 40/41 | €2,908 | €3,672 | +€764 | +26.3% |
| Other amounts receivable | 41 | €2,908 | €3,672 | +€764 | +26.3% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,535 | €49,240 | +€12,705 | +34.8% |
| Deferred charges and accrued income | 490/1 | €519 | €2,226 | +€1,707 | +329% |
| Total equity and liabilities | 10/49 | €288,264 | €299,621 | +€11,356 | +3.9% |
| Equity | 10/15 | €124,474 | €138,493 | +€14,019 | +11.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,474 | €133,493 | +€14,019 | +11.7% |
| Distributable reserves | 133 | €119,474 | €133,493 | +€14,019 | +11.7% |
| Amounts payable | 17/49 | €163,791 | €161,128 | -€2,663 | -1.6% |
| Amounts payable after more than one year | 17 | €146,223 | €138,352 | -€7,870 | -5.4% |
| Financial debts | 170/4 | €146,223 | €138,352 | -€7,870 | -5.4% |
| Amounts payable within one year | 42/48 | €17,568 | €22,776 | +€5,208 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €7,742 | €7,870 | +€128 | +1.7% |
| Trade debts | 44 | €1,222 | €3,585 | +€2,363 | +193% |
| Suppliers | 440/4 | €1,222 | €3,585 | +€2,363 | +193% |
| Taxes, remuneration and social security | 45 | €8,433 | €11,282 | +€2,849 | +33.8% |
| Taxes | 450/3 | €8,433 | €11,282 | +€2,849 | +33.8% |
| Other amounts payable | 47/48 | €170 | €38 | -€133 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,930 | €7,075 | +€145 | +2.1% |
| Other operating charges | 640/8 | €610 | €63 | -€547 | -89.6% |
| Gross operating margin | 9900 | €68,562 | €84,628 | +€16,066 | +23.4% |
| Operating profit (loss) | 9901 | €61,022 | €77,490 | +€16,468 | +27.0% |
| Financial income | 75/76B | - | €1,558 | +€1,558 | |
| Recurring financial income | 75 | - | €1,558 | +€1,558 | |
| Financial charges | 65/66B | €4,324 | €4,703 | +€379 | +8.8% |
| Recurring financial charges | 65 | €4,324 | €4,703 | +€379 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €56,698 | €74,344 | +€17,647 | +31.1% |
| Income taxes | 67/77 | €12,092 | €15,719 | +€3,628 | +30.0% |
| Profit (loss) for the period | 9904 | €44,606 | €58,625 | +€14,019 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,606 | €58,625 | +€14,019 | +31.4% |
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 26 October 2026 via checked.be.